Competition heating up in test equipment market
Toronto, ON -- Shrinking demand for test equipment in the signal generator market has resulted in escalating compet...
Toronto, ON — Shrinking demand for test equipment in the signal generator market has resulted in escalating competition among major test equipment vendors, according to new research from Frost & Sullivan.
End-users are seeking to maximize the performance of existing signal sources or procure used test equipment at auctions instead of investing in new ones, the study found. The report recommends that market participants need to pursue effective survival strategies such as developing good customer relationships to generate profits when the economy improves.
The survey analyzes the world signal sources markets and provides an analysis of drivers and restraints that are expected to affect sales. It also evaluates key customer trends and provides an analysis of the radio frequency (RF) and microwave (MW) signal sources markets, offering an indication of the demand potential for each product segment.
“With countries across the world increasing their military budgets in the interest of national security, there are opportunities for test equipment vendors to sell completely new systems or provide refurbishment services for existing signal sources,” says the analyst of this research service.
Further details can be obtained by visiting www.frost.com.