Source Measure Unit Market size worth US$1,158.600 million in 2029
The source measure unit market is evaluated at US$588.684 million for the year 2022 and is projected to grow at a CAGR of 10.16% to reach a market size of US$1,158.600 million by the year 2029.
The source measure unit devices or SMU devices is a type of instrument, that combines sourcing and measurement functions. It combines power supply, electrical load, and digital multimeter in a single instrument. The SMUs are used for the characterization of the semiconductors, monitoring the power consumption pattern of a microcontroller, and simulating a battery for IoT devices. It offers multiple benefits to the user, as it improves the transmission speed, and can be programmable for multiple functions.
The source measure units play an important role in multiple industrial applications. Various companies in the global market are introducing new products with new technologies to attract new consumers. For instance, in July 2023, Keysight Technologies introduced its new source measure units, to speed up the characterization of semiconductors. According to the company, the products have the capability of flexible software integration, along with simplified system integration.
The source measure unit market by products is segmented into general purpose SMUs, application specific SMUs, and precision SMUs. Under the product segment, the general purpose SMUs are estimated to attain a greater market share in the source measure unit market. The general purpose SMUs offer measurement flexibility, along with high-accuracy test application.
The source measure unit market by current range is segmented as µa – 1 Ma, Ma – 1 A, and above 1 A. Under the current range segment of the source measure unit market, the Ma – 1 A category is estimated to attain the maximum market share. The Ma – 1 A ranged SMUs offer wide industry applications, and offers features of both the other categories. These are the user-friendly SMUs, with high-speed digitization capability.
The source measure unit market by form factor is segmented as benchtop and modular. Under the form factor segment, the benchtop category of the source measure unit market is projected to attain maximum share. The benchtop SMUs are designed to be placed on a bench and are generally bigger and heavier than the modular SMUs. The benchtop SMUs offer more accurate voltage measurement, and power supply as compared to the modular units. The benchtop SMUs also measure the current and load response of any devices.
The source measure unit market by industry vertical is segmented into automotive, IT & telecommunication, aerospace & defense, healthcare, and others. Under the industry vertical segment, the IT and telecommunication category is expected to attain a greater market share in the source measure unit market. In the IT and telecommunication industry, SMUs are a multi-dimensional application, like the characterization of solar cells, testing batteries, and testing of resistance and conductance of any material. The IT and telecommunication industry is witnessing rapid growth in the global landscape, which in turn will boost the source measuring unit market in the globe.
Based on geography, the source measure unit market is expanding significantly in the Asia-Pacific region, as the region offers an increasing industrial landscape globally. Countries like China, India, South Korea, Taiwan, and Vietnam are among the global IT and telecommunication hubs, that require multiple applications of the source measuring unit devices. Similarly, the region also offers a developing and expanding healthcare industry, with multiple governments increasing the investment and budget share towards the development of the healthcare infrastructure in the nations of the Asia Pacific region. Similarly, SMU devices play an important role in the defense and aerospace industry, which is also rapidly expanding in the Asia Pacific region. The nations like India, China, Japan, South Korea, and Australia are among the biggest defense spenders in the globe, simultaneously increasing the domestic aerospace and defense industries in their nations.
The research includes several key players from the source measure unit market, such as Keysight Technologies, Tektronix, Inc. (Fortive), Rohde & Schwarz, Yokogawa Test & Measurement Corporation, VX Instrument GmbH, Advantest Corporation, Premier Farnell Limited, Chroma Ate, Inc.
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This analytics report segments the source measure unit market as follows:
- By Product
- General Purpose SMUs
- Application Specific SMUs
- Precision SMUs
- By Current Range
- µa – 1 Ma
- Ma – 1 A
- Above 1 A
- By Form Factor
- Benchtop
- Modular
- By Industry Vertical
- Automotive
- IT & Telecommunication
- Aerospace & Defense
- Healthcare
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- Spain
- United Kingdom
- France
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Taiwan
- Indonesia
- Others
- North America
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