PXI Source Measure Unit Market Size, Share, Growth, and Industry Analysis, By Type (1 channel, 2 channel, 4 channel, and Above 4), By Application (Aerospace, Automotive, Energy, IT and Telecommunication, Consumer Electronics, and Medical Equipment) and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

PXI SOURCE MEASURE UNIT MARKET REPORT OVERVIEW

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The global PXI Source Measure Unit Market size was USD 192.8 million in 2022 and will touch USD 423.1 million by 2028, exhibiting a CAGR of 14.0% during the forecast period.

A PXI (PCI eXtensions for Instrumentation) Source Measure Unit (SMU) is a highly adaptable tool employed within automated test and measurement systems, prominently utilized in sectors including electronics manufacturing, semiconductor testing, and research facilities.

The instrument integrates the functionalities of both a power supply and a digital multimeter into a unified device, enabling users to administer voltage or current and concurrently gauge voltage and/or current with exceptional accuracy. PXI SMUs possess the capability to produce precise voltage or current signals to stimulate electronic devices under test (DUTs), facilitating precise characterization of DUT behavior across diverse operational scenarios.

COVID-19 Impact: Increased demand for electronic devices due to Supply Chain Disruptions

The rise in remote work and heightened dependence on electronic devices for communication, entertainment, and remote operations has sparked a notable increase in demand for electronic products. Consequently, there's been a corresponding need for effective testing solutions such as PXI SMUs to uphold the quality and reliability standards of these devices.

The global supply chain disruptions resulting from the pandemic have led to delays in both the manufacturing and delivery processes of electronic components and testing equipment. As a consequence, there have been shortages of PXI SMUs and associated products, thereby affecting their availability to customers.

LATEST TRENDS

"Increased Integration and Miniaturization, Enhanced Performance to Drive Market Growth"

Miniaturization enables manufacturers to incorporate increased functionality within smaller form factors, rendering PXI SMUs more space-efficient. This is especially advantageous for applications with space constraints, like portable test systems or compact automated setups, meeting the industry's call for smaller, more portable testing solutions. The integration of multiple functions into a singular device allows manufacturers to decrease overall production costs. This reduction can subsequently be transferred to customers, enhancing the affordability and accessibility of PXI SMUs. Furthermore, integration simplifies design and manufacturing processes, leading to additional cost savings. The drive for enhanced performance metrics in PXI SMUs persists, aiming for heightened precision, expanded voltage/current ranges, swifter response times, and improved measurement resolution. These advancements empower engineers and researchers to execute more precise and thorough tests on electronic devices, particularly in leading-edge technology domains such as semiconductor development and advanced materials research.

PXI SOURCE MEASURE UNIT MARKET SEGMENTATION

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By Type

Based on type the global PXI Source Measure Unit Market can be categorized into 1 channel, 2 channel, 4 channel, and Above 4.

• 1 channel: 1-channel PXI SMUs are equipped with a singular channel for both sourcing voltage or current and measuring voltage and/or current. They are well-suited for applications necessitating fundamental testing capabilities or when examining a single device individually. Commonly found in research and development labs, educational institutions, and environments with limited testing requirements, these units cater to basic testing needs effectively.

• 2 channel: Equipped with two independent channels, these units provide enhanced flexibility and efficiency in testing configurations. Users have the capability to conduct simultaneous tests on two separate devices or execute parallel measurements on a single device utilizing various configurations. Typically employed in production testing, quality control, and scenarios requiring characterization of multiple devices, 2-channel PXI SMUs are versatile tools for various testing applications.

• 4 channel: With four channels, PXI SMUs offer enhanced throughput and adaptability in testing procedures. They enable simultaneous testing of up to four devices or configurations, leading to substantial reductions in test duration and heightened productivity. These units find optimal utility in high-volume production testing, multi-site testing, and tasks necessitating concurrent measurement of multiple parameters.

• Above 4: PXI SMUs featuring more than four channels provide advanced scalability and throughput, particularly tailored for rigorous testing demands. They find application predominantly in large-scale production environments, semiconductor wafer testing, and tasks requiring multi-parameter characterization, necessitating high-speed parallel testing to meet throughput prerequisites. These units excel in delivering maximum efficiency and throughput, especially in complex testing scenarios.

By Application

Based on application the global PXI Source Measure Unit Market can be categorized into Aerospace, Automotive, Energy, IT and Telecommunication, Consumer Electronics, and Medical Equipment.

• Aerospace: Within the aerospace sector, PXI SMUs find application in testing electronic components and systems across aircraft, satellites, and other aerospace platforms. Their role is pivotal in guaranteeing the dependability and operational integrity of vital systems like avionics, communication setups, and flight control mechanisms.

• Automotive: In the automotive industry, PXI SMUs are utilized to assess automotive electronics, encompassing sensors, control units, and powertrain components. Their function is integral in conducting thorough evaluations of vehicle systems, ensuring adherence to regulatory standards while prioritizing performance and safety.

• Energy: Within the energy sector, PXI SMUs play a crucial role in assessing power electronics, renewable energy systems, and grid infrastructure components. They streamline the characterization and validation processes for energy storage systems, inverters, converters, and other vital devices essential for energy generation, transmission, and distribution.

• IT and Telecommunication: Within the IT and telecommunication sector, PXI SMUs are utilized to assess networking equipment, telecommunications devices, and electronic components deployed in data centers, telecommunications networks, and wireless communication systems. Their role encompasses guaranteeing the reliability, performance, and interoperability of these systems.

• Consumer Electronics: In the realm of consumer electronics, PXI SMUs play a pivotal role in testing various electronic devices, including smartphones, tablets, laptops, and household appliances. They empower manufacturers to conduct functional assessments, reliability checks, and performance validations, ensuring alignment with consumer expectations and regulatory mandates.

• Medical Equipment: Within the medical equipment domain, PXI SMUs are instrumental in evaluating medical devices and diagnostic equipment, encompassing patient monitors, imaging systems, and laboratory instruments. Their role is paramount in guaranteeing the precision, dependability, and safety of medical devices, thereby bolstering healthcare providers' efforts in delivering top-tier patient care.

DRIVING FACTORS

"Increased Integration and Miniaturization to Boost the Market"

The market is witnessing a trend where manufacturers are increasingly integrating additional functionalities into PXI SMUs while simultaneously reducing their footprint. This strategic approach aligns with the growing demand for compact and versatile testing solutions, driving PXI Source Measure Unit Market growth, especially in sectors with space constraints like portable test systems and automated production environments.

"Enhanced Performance to Expand the Market"

The PXI SMU market is experiencing a constant drive for enhanced performance metrics, encompassing aspects such as heightened precision, expanded voltage/current ranges, quicker response times, and improved measurement resolution. These advancements empower engineers and researchers to conduct increasingly precise and thorough tests on electronic devices, particularly in forward-thinking technology domains such as semiconductor development and advanced materials research.

RESTRAINING FACTORS

"High Initial Investment to Potentially Impede Market Growth"

The substantial initial investment required for procuring PXI SMUs and associated equipment may pose a significant barrier, particularly for small and medium-sized enterprises (SMEs) or organizations operating with constrained budgets. This financial consideration has the potential to dissuade potential customers from adopting PXI SMUs, especially within industries where cost sensitivity is paramount.

PXI SOURCE MEASURE UNIT MARKET REGIONAL INSIGHTS

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"North America Region Dominating the Market due to test and measurement technologies"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa.

North America, particularly the United States, holds a significant PXI Source Measure Unit Market share, largely driven by the presence of leading semiconductor manufacturers, aerospace firms, and research institutions. The region's substantial investments in research and development contribute to advancements in test and measurement technologies. Additionally, the growing prevalence of IoT devices and advanced electronics further boosts the demand for PXI SMUs across telecommunications, automotive, and consumer electronics sectors.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through extensive array of products and services"

Among the notable industry players in the PXI Source Measure Unit (SMU) market is National Instruments Corporation. These companies are widely recognized for their proficiency in delivering test and measurement solutions and hold a prominent position within the PXI SMU market. They provide an extensive array of products and services tailored to address the varied requirements of customers spanning diverse industries.

List of Market Players Profiled

• National Instruments (U.S.)
• Keysight Technologies (U.S.)
• Chroma ATE (U.S.)
• VX Instruments (Germany)
• Marvin Test Solutions (U.S.)

INDUSTRIAL DEVELOPMENT

September 2023: The global shipping sector has experienced notable expansion owing to heightened international trade activities. This surge has led to an increased need for turbochargers in ships, as vessel operators seek to optimize engine performance and adhere to stringent environmental standards. Moreover, the inclination towards integrating cutting-edge technologies like turbocharging into marine engines is further fueling the demand for ship turbochargers.

REPORT COVERAGE

The future demand for PXI Source Measure Unit Market is covered in this study. The Research report includes the Increased demand for electronic devices due to the Covid-19 Impact. The report covers the latest trends in Increased Integration and Miniaturization. The paper includes a segmentation of the PXI Source Measure Unit Market. The research paper includes the driving factors that are Increased Integration and Miniaturization to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for PXI Source Measure Unit.