$4 Billion Electronic Load Market Insights by Voltage, Current Type, Application and Region - Trends & Forecasts to 2024

DUBLIN, March 10, 2020 /PRNewswire/ -- 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.

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The global electronic load market size is projected to reach USD 4 billion by 2024 from an estimated market size of USD 3 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 global electronic load market is dominated by a few major players that have an extensive global and regional presence. The leading players in this market are Keysight Technologies (US), AMETEK (US), National Instrument (US), Chroma ATE (Taiwan), Teledyne Technologies (US).

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 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.

Key Topics Covered

1 Introduction

2 Research Methodology

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
5.2.1.1 Emphasis on Testing of Consumer Electronics & Appliances
5.2.1.2 Maximizing the Reliability of Wireless Communication
5.2.2 Restraints
5.2.2.1 High Capital Cost of Electronic Loads
5.2.3 Opportunities
5.2.3.1 Support Policies and Infrastructure Development for Electric Vehicles (EV)
5.2.3.2 Increasing Investments in Research and Development (R&D) for Test and Measurement Equipment
5.2.4 Challenges
5.2.4.1 Rapid Technological Changes
5.2.4.2 Trade War Threats and Growing Political Instability

6 Electronic Load Market, By Voltage
6.1 Introduction
6.2 High Voltage
6.2.1 Continuous Focus to Produce Highly Energy-Efficient Products is Likely to Drive the High Voltage Segment
6.3 Low Voltage
6.3.1 Rise in the Usage of Portable Devices is Expected to Drive the Low-Voltage Segment

7 Electronic Load Market, By Current Type
7.1 Introduction
7.2 AC
7.2.1 Rising Demand for Test Equipment in R&D is Likely to Drive the AC Electronic Load Segment
7.3 DC
7.3.1 Increasing Investments for Advancements in Battery Technology are Expected to Drive the DC Electronic Load Segment

8 Electronic Load Market, By Application
8.1 Introduction
8.2 Aerospace, Defense & Government Services
8.2.1 Increasing Investments in the Aerospace & Defense Industry are Likely to Drive the Market
8.3 Automotive
8.3.1 Rising Adoption of Electric Vehicles and Increasing Investments for Autonomous Vehicles are Driving the Market
8.4 Energy
8.4.1 Need for Increasing Operational Efficiency is Driving the Market
8.5 Wireless Communication and Infrastructure
8.5.1 Ensuring Efficient Operation of the Electronic Components is Expected to Drive the Demand for Electronic Loads
8.6 Others

9 Electronic Loads Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Increasing Focus on R&D for Aerospace & Defense is Expected to Drive the Electronic Load Market in the US
9.2.2 Canada
9.2.2.1 Growing Investments for Autonomous Vehicles are Expected to Drive the Electronic Load Market
9.2.3 Mexico
9.2.3.1 Rise in Foreign Direct Investments (Fdi) for the Automotive Sector is Expected to Drive the Electronic Load Market in Mexico
9.3 Asia Pacific
9.3.1 China
9.3.1.1 Government Support Policies for Electric Mobility are Driving the Market for Electronic Loads
9.3.2 Australia
9.3.2.1 Increasing Adoption of 5G Technology is Driving the Market for Electronic Loads in Australia
9.3.3 Japan
9.3.3.1 Increasing Focus on 5G Deployment is Expected to Drive the Electronic Load Market
9.3.4 India
9.3.4.1 Government Tax Rebates to Increase the Usage of Electric Vehicles is Expected to Drive the Electronic Load Market
9.3.5 South Korea
9.3.5.1 Strong Establishment of 5G Network Infrastructure is Expected to Drive the Electronic Load Market
9.3.6 Rest of Asia Pacific
9.4 Europe
9.4.1 Germany
9.4.1.1 Increasing Demand for Electronic Loads to Test Power Supplies is Expected to Drive the Electronic Load Market in Germany
9.4.2 UK
9.4.2.1 Increase in Focus on Deployment of 5G Network is Expected to Drive the Electronic Load Market
9.4.3 France
9.4.3.1 Increasing Investments in R&D are Expected to Drive the Electronic Load Market in France
9.4.4 Russia
9.4.4.1 Rising Adoption of Electric Vehicles is Expected to Drive the Electronic Load Market
9.4.5 Spain
9.4.5.1 Increasing Subsidies to Promote the Growth of Electric Vehicles are Expected to Drive the Market in Spain
9.4.6 Italy
9.4.6.1 Increase in Focus on Electric Vehicle Support Infrastructure is Expected to Drive the Market
9.4.7 Rest of Europe
9.5 Middle East & Africa
9.5.1 Middle East
9.5.1.1 Increase in Defense Spending and Focus on Aerospace Manufacturing are Expected to Drive the Demand for Electronic Loads
9.5.2 Africa
9.5.2.1 Increase in Focus on Renewables is Expected to Drive the Demand for Electronic Loads
9.5.3 South America
9.5.4 Brazil
9.5.4.1 Increasing Investments in Aerospace & Defense is Expected to Drive the Electronic Load Market in Brazil
9.5.5 Argentina
9.5.5.1 Government Support Policies for Wireless Communication and Infrastructure is Expected to Drive the Demand for Electronic Loads Market in Argentina
9.5.6 Chile
9.5.6.1 Growth in Wireless Communication and Infrastructure is Expected to Drive the Electronic Load Market in the Country

10 Competitive Landscape
10.1 Overview
10.2 Market Share, 2018
10.3 Competitive Scenario
10.3.1 New Product Developments
10.3.2 Investments & Expansions
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Innovators
10.4.3 Emerging Companies
10.4.4 Dynamic Differentiators

11 Company Profile
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)
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 Hocherl & Hackl
11.19 Array Electronics
11.20 Spellman High Voltage Electronics
11.21 Siglent Technologies

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