Global Electronic Load Market Size is Projected to Reach USD 4.0 Billion by 2024, from an Estimated Value of USD 3.0 Billion in 2019 - ResearchAndMarkets.com
The "Electronic Load Market by Voltage (Low, High), Current Type (AC, DC), Application (Aerospace, Defense & Government Services, Automotive, Energy, Wireless Communication and Infrastructure, and Others), Region- Global Trends and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global electronic load market is projected to reach USD 4.0 billion by 2024, at a CAGR of 6.3% from 2019 to 2024
The global electronic load market size is projected to reach USD 4.0 billion by 2024 from an estimated market size of USD 3.0 billion in 2019, at a CAGR of 6.3% during the forecast period. Increasing investments in aerospace, defense & government services for developing technologically advanced aircraft, space and defense systems is expected to drive the growth of this market.
The low voltage segment is expected to grow at the highest CAGR during the forecast period
The electronic load market, by voltage, is segmented into low and high voltage electronic load. The low voltage electronic load segment is increasing because of the rising usage of portable devices and the growing need for testing the reliability of a power source. North America is the largest market for low voltage electronic load during the forecast period as the region has the highest adoption rate of electronic loads to test electronic components.
The wireless communication and infrastructure segment is expected to be the largest market for electronic load from 2019 to 2024
Wireless communication and infrastructure accounted for the highest share of the global electronic load market in 2018. The growth of this application is driven by the rising need to test power supplies for the efficient operation of wireless communication. It is also driven by an increase in investments for the deployment of 5G technology.
North America is expected to lead in the electronic load market
North America is the largest market for electronic load during the forecast period. The region has been segmented by country into the US, Canada, and Mexico. The demand for electronic load in this region is driven mostly by applications such as aerospace, defense & government services, wireless communication, and automotive. The aerospace, defense & government services is the largest sector in North America during the forecast period as they produce technologically advanced aircraft and defense systems. This is supported further by the national governments' increasing defense spending and budget allocations. Moreover, this region also houses some of the major manufacturers who continuously focus on R&D to innovate new technologies.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.2.1 Electronic Load Market, By Voltage: Inclusions & Exclusions
1.2.2 Electronic Load Market, By Current Type: Inclusions & Exclusions
1.2.3 Electronic Load Market, By Application: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.2 Scope
2.3 Market Size Estimation
2.3.1 Supply-Side Analysis
2.3.2 Demand Analysis
2.3.3 Forecast
2.4 Market Breakdown and Data Triangulation
2.5 Primary Insights
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Electronic Load Market
4.2 Electronic Load Market, By Region
4.3 North American Electronic Load Market, By End-User & Country
4.4 Electronic Load Market, Voltage
4.5 Electronic Load Market, By Current Type
4.6 Electronic Load Market, By Application
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
6 Electronic Load Market, By Voltage
6.1 Introduction
6.2 High Voltage
6.3 Low Voltage
7 Electronic Load Market, By Current Type
7.1 Introduction
7.2 AC
7.3 DC
8 Electronic Load Market, By Application
8.1 Introduction
8.2 Aerospace, Defense & Government Services
8.3 Automotive
8.4 Energy
8.5 Wireless Communication and Infrastructure
8.6 Others
9 Electronic Loads Market, By Region
9.1 Introduction
9.2 North America
9.3 Asia Pacific
9.4 Europe
9.5 Middle East & Africa
10 Competitive Landscape
10.1 Overview
10.2 Market Share, 2018
10.3 Competitive Scenario
10.4 Competitive Leadership Mapping
11 Company Profile
11.1 Keysight Technologies
11.2 Ametek
11.3 National Instruments
11.4 Chroma Ate
11.5 Teledyne Technologies
11.6 Good Will Instrument
11.7 Rigol Technologies
11.8 B&K Precision
11.9 Tektronix
11.10 Kikusui Electronics
11.11 Matsusada Precision
11.12 Magna-Power Electronics
11.13 NH Research
11.14 Beich Electronics
11.15 Itech Electronics
11.16 Ainuo Instrument
11.17 NF Corporation
11.18 Höcherl & Hackl
11.19 Array Electronics
11.20 Spellman High Voltage Electronics
11.21 Siglent Technologies
For more information about this report visit https://www.researchandmarkets.com/r/vqm5s7
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