Global PXI Source Measure Units (SMU) Market to Reach $867.6 Million by 2030
The global market for PXI Source Measure Units (SMU) estimated at US$305 Million in the year 2023, is expected to reach US$867.6 Million by 2030, growing at a CAGR of 16.1% over the analysis period 2023-2030. 1 Channel PXI SMU, one of the segments analyzed in the report, is expected to record a 15.3% CAGR and reach US$331.1 Million by the end of the analysis period. Growth in the 2 Channel PXI SMU segment is estimated at 16.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $93.5 Million, While China is Forecast to Grow at 15.3% CAGR
The PXI Source Measure Units (SMU) market in the U.S. is estimated at US$93.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$147.8 Million by the year 2030 trailing a CAGR of 15.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.3% and 13.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.
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