Power Device Analyzer Market to Reach $616.79 Million by 2030, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the power device analyzer market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.
Allied Market Research published a research report on the power device analyzer market. The findings of the report states that the global market for automotive cybersecurity generated $423.25 million in 2021, and is projected to reach $616.79 million by 2030, growing at a CAGR of 4.3% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Rapid expansion in the healthcare industry, growing prevalence of smart cities, and rise in demand for power device analyzers in the electronic industry are expected to drive the growth of the global power device analyzer market. On the other hand, high cost of power analyzers is expected hinder the growth to some extent. However, persistent technological advancements and increase in investment in the electronics industry is expected to create ample opportunities for the industry.

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“Rise in urbanization and launch new projects, such as smart cities in developing nations such as India, China, and Japan. This in turn increases the demand for market, creating lucrative opportunities for the power device analyser market growth,” says Yerukola Eswara Prasad – Manager, Energy and Power at Allied Market Research.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the power device analyzer market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global power device analyzer market, owing to the presence of lockdowns in various countries across the globe. Lockdowns resulted in the closure of various industries, including those of the power device analyzers, which adversely impacted market growth. Besides, reduction in workforce and unavailability of raw materials due to trade bans further aggravated the impact on the market.
The report offers detailed segmentation of the global power device analyzer market based on type, current, end-user, and region.
On the basis of type, the both AC and DC segment held the major share in 2020, garnering more than half of the global market. In addition, the same segment is expected to cite the fastest CAGR of 4.6% during the forecast period.
Based on current, the below 1000A segment contributed to the lion’s share in 2020, holding more than three-fifths of the global power device analyzer market. In addition, the same segment is expected to cite the fastest CAGR of 4.4% during the forecast period.
Based on region, the market across Asia-Pacific dominated in 2020, garnering nearly two-fifths of the global power device analyzer market. In addition, the same region is expected to cite the fastest CAGR of 4.6% during the forecast period. The report also analyses other regions of the market such as North America, LAMEA, and Europe.

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The key players analyzed in the global power device analyzer market report include Arbiter Systems, CARLO GAVAZZI HOLDING AG Ltd., Circutor (Spain), Delta Electronics, Dewesoft D O O, Hioki E E Corporation (Japan), Iwatsu Electric (Japan), Keysight Technologies, Rohde & Schwarz (Germany) and Texas Instruments (U.S.).

About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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