Electronic Test & Measurement Instruments Manufacturing

Electronic Test & Measurement Instruments Manufacturing

Brief Excerpt from Industry Overview Chapter:

Companies in this industry manufacture equipment used to test electrical properties and signals. Major companies include Agilent, Danaher, Keysight Technologies, and KLA-Tencor (all based in the US), along with Anritsu and Yokogawa Electric (both based in Japan), Rohde & Schwarz (Germany), Spirent Communications (UK).

COMPETITIVE LANDSCAPE

Demand is driven by growth in industries such as electronics and semiconductor manufacturing, telecommunications, and aerospace and defense. The profitability of individual companies depends on controlling manufacturing costs and maintaining continuous, rapid product innovation. Large companies enjoy economies of scale in sourcing components and product distribution. Small companies can compete by specializing in equipment for niche markets or developing a reputation for high-quality products. The US industry is concentrated: the largest 50 companies account for about 70% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include test equipment for testing electrical, radio, and communication circuits, and monitors (about 65%). Other products include other test equipment, such as communications testing equipment, instruments to test semiconductors, and waveform measuring and/or analyzing equipment (about 35%). These instruments are used to test electrical equipment and to measure electrical properties.