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          1. Electronic Test & Measurement Instruments Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/13/2020
            SIC Codes: 3825
            NAICS Codes: 334515
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Electronic Test & Measurement Instruments Manufacturing Industry Profile

            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 (Japan), Rohde & Schwarz (Germany), Spirent Communications (UK), and Yokogawa Electric (Japan).

            The global electronic test and measurement instruments market is forecast to reach $23 billion by 2021, according to Technavio. The industry requires the use of semiconductors and other electronic components most commonly sourced from manufacturers in Asia. World events and regional economic fluctuations that interrupt supplier activity or supply chains can delay product shipments and impact a company's profitability.

            The US electronic test and measurement instruments manufacturing industry includes 785 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $11 billion.

            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.

            US companies face competition from foreign manufacturers: electronic test and measurement equipment imports account for about 60% of the market. Germany, Mexico, Malaysia, Japan, and ...

             
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