The psophometer market is likely to strengthen its hold in the global market at a moderate CAGR of 4.8% during the forecast period. The global market holds a forecasted revenue of US$ 1.34 Bn in 2022 and is likely to cross US$ 2.08 Bn by the end of 2032.
The psophometer market is anticipated to show promising growth prospects during the forecast period, expanding the psophometer market size.
| Attributes | Details |
| CAGR (2022-2032) | 4.8% |
| Value (2022) | US$ 1.34 Bn |
| Value (2032) | US$ 2.08 Bn |
Mainly used in measuring the level of the noise signal, the psophometer is applicable in the telecommunication industry that measures the perceptible noise of any telephone circuit. This includes the use of the new advanced psophometer that helps in weighting network to showcase this perception, fueling the sales of psophometers. This advanced psophometer is technologically advanced are available in the market. This psophometer is extremely accurate, highly stable, and extremely sensitive. This pushes the sales of psophometers into new market spaces. The new portable psophometer is used to measure longitude noise level, metallic noise, transmission loss, etc. This psophometer is available in portable as well as benchtop types for industry-specific end users.
The growing IT & Telecommunication industry across the globe is fueling the growth of the psophometer market. The psophometer is widely used to measure the perceptible noise of the telephone circuits and among others. Also, the psophometer is significantly demanded in the manufacturing of telecommunication instruments. This factor is driving the sales of the psophometer market.
Furthermore, electric and electronics industries are rapidly growing in regions such as the Asia Pacific and North America. Thus, the psophometer is widely used in manufacturing units of these industries for measuring parameters such as metallic noise, longitudinal noise, and others. Therefore, these industries extensively boost the growth of the psophometer. Moreover, the power industry is increasing the demand for portable psophometers due to various on-site applications, fueling the sales of psophometer.
Increasing manufacturing in the Aerospace and Defense Industry is boosting the growth of the psophometer market. The psophometers are extensively used to measure the noise level of the electronic circuit in aerospace and defense electronics manufacturing plants. Also, psophometers are widely used in on-field applications because of their portability. These factors are fueling the growth of the market.
As a consequence of expanding telecommunication industry, North America has a significant share of psophometer in terms of consumption. Also, Latin America and Europe have a moderate share of the market. Moreover, the Asia Pacific region is forecasted to have significant market growth in the forecast period due to increasing distributors in this region. The expanding aerospace and defense industry has witnessed significant growth opportunities in countries such as China, India, and the U.S in terms of consumption, fueling the demand for psophometers.
The Asia Pacific and Europe are prominent regions that have a large market share due to the presence of leading players in terms of manufacturing. China, Japan, and MEA have moderate market share due to the presence of local players and small companies. Moreover, the well-established electrical industry in the U.S. witnessed a significant growth opportunity in the forecasted period, increasing the sales of psophometers.
The psophometer Market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies, pushing the sales of psophometers in the new markets.
The key players of the psophometer market are focusing on mergers and collaborations that are fueling the sales of psophometer.
Key players in the psophometer market include Aplab Limited, SIEMENS, Keysight Technologies, ROHDE&SCHWARZ and Fuzhou Fuguang Electronics Co. Ltd.
Recent Market Development:
| Report Attribute | Details |
| Growth Rate | CAGR of 4.8% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD Billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Sales Channel, Modularity, End Use Industry |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Aplab Limited, SIEMENS, Keysight Technologies, ROHDE&SCHWARZ, Fuzhou Fuguang Electronics Co. Ltd. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Asia Pacific is the biggest market in the Psophometer market and will be helpful in increasing the psophometer market size. The factors that lead to high growth throughout this region are increased manufacturing units, enhanced supply chain and availability of raw materials. This leads to the high demand for psophometer in developing countries like China and India.
Key competitors holding substantial Psophometer market share include Aplab Limited, SIEMENS, Keysight Technologies, ROHDE&SCHWARZ and Fuzhou Fuguang Electronics Co. Ltd.
Demand for Psophometer is likely to increase with its use in on-field applications, industries monitoring noise levels and growing IT and telecommunication industry. This pushes the sales of psophometer in new markets.
Psophometer Market
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