PXI SMU Market Size, Share, Industry, Forecast and outlook (2024-2031)

PXI SMU Market is segmented By Channel (1 channel, 2 channel, 4 channel, Above 4), By Application (Semiconductors, Green Energy Products, Nanomaterials, LED, Sensors, Organic and Printed Electronics, Others), By End-User (Aerospace, Defense & Government Services, Energy, IT & telecommunication, Consumer electronics, Automotive, Medical Equipment), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

PXI SMU Market Overview

The PXI SMU Market is estimated to reach at a CAGR of 16% during the forecast period (2023-2030). The source measure unit (SMU) or source-measurement unit, is an electronic instrument capable of sourcing and measuring simultaneously. The instrument forces voltage or current and simultaneously measures precise voltage and current. PXI source measure units are the source and measurement resources of current and voltage for test applications requiring high resolution, high accuracy, and measurement flexibility. PXI SMU sources and test devices with capabilities that save test time and improve versatility. The device boosts throughput while simultaneously meeting today's industrial needs. Electronic test equipment, automation systems, and modular laboratory instruments are all built on this foundation. PXI SMU is in high demand across various sectors, contributing to the market's expansion.

PXI SMU Market Scope

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PXI Source Measure Units (SMUs) include high-precision source and measurement capabilities with time-saving and flexibility-enhancing features. These advantages include high channel density for constructing parallel SMU test systems, high-speed update and sample rates for rapidly changing setpoints, and deterministic hardware sequencing for decreasing software overhead & data collection.

The excellent adjustable sample rate and streaming feature of PXI SMUs allow customers to employ the instrument as a digitizer to capture transient activity. The instrument's quick responsiveness can be altered via the digital control loop. The potential to adjust the SMU's transient behavior is called SourceAdapt, which reduces SMU settling time and minimizes overshoot and oscillations, even with highly capacitive loads.

PXI SMU Market Dynamics

Improving research and development activities across various industries for PXI SMUs is driving the global PXI SMU market.

Improving research and development activities across various industries for PXI SMUs are driving the global PXI SMU market

The growing demand for high-resolution modular source measure units for crucial applications, rising R&D activities across industries, and improving demand for reliability tests for complicated batteries and semiconductors to complement the IoT drive the global PXI SMU market.

For instance, the Keysight Technologies M9111A PXI source measurement unit is intended for production testing and design validation of next-generation power amplifiers and front-end modules supporting cellular and wireless communication protocols.

According to National Instruments, the PXIe 4135 is a high-precision system source measure unit with a voltage output of over 200 V that may be used in industrial applications such as wafer-level parametric tests and materials research and characterization of low-current sensors and integrated circuits (ICs). National Instruments is dedicated to remaining on top of technological advances and new product introductions help the company differentiate itself from the competition.

In addition, highly disruptive technologies like the Internet of Things, self-driving cars, and 5G are already placing pressure on semiconductor businesses to adopt more efficient testing processes from the lab to the manufacturing floor. As a result, market participants are strengthening their software and PXI platform capabilities to help chipmakers address critical challenges.

Test engineers also use PXI SMU in the validation lab and manufacturing floor to remove measurement correlation concerns and save time to market, propelling the PXI SMU market ahead.

The high initial cost of investment and the presence of substitutes hurdle the growth of the PXI SMU market

PXI SMUs are in great demand among various industries. These modules serve a broad range of test and characterization needs, from providing power in general-purpose automated test applications to performing parametric tests on semiconductor devices.

However, the overall cost of the devices is extremely high, which is primarily hurdling the market's growth. For instance, National Instruments Corp offers a wide range of PXI SMUs with broad selling costs. PXI-4130 costs around US$ 7556, whereas PXI-4132 costs around US$ 9082. The company also offers the PXIe-4163, one of the most expensive products costing around US$ 35091. Thus high cost of the product is challenging the market share of the PXI SMU market. Furthermore, cheaper substitutes in the market are another factor acting as a restraint for the market.

COVID-19 Impact on PXI SMU Market

The unexpected spread of the COVID-19 pandemic, which sparked a global health emergency, wreaked havoc on every business. The disease's appearance has significantly influenced the demand for PXI SMU, which has resulted in PXI SMU reaching an all-time low.

Investment has been cut due to lost operating time due to manpower shortages and reduced demand from end-use sectors due to lockdowns to control the virus's spread. However, the rising vaccination drive across the globe has helped the market regain market growth momentum in the forecast period.

PXI SMU Market Segmentation Analysis

The global PXI SMU market is segmented based on channel, application, end-user, and region.

The increased manufacturing rate of semiconductors drives the demand for PXI SMUs to meet end-user industry demand

The global PXI SMU market is segmented into semiconductors, green energy products, nanomaterials, LED, sensors organic and printed electronics, and others based on the application. The semiconductor segment is expected to increase at a high CAGR during the projection period.

The increased manufacturing rate of semiconductors drives the demand for PXI SMUs to meet end-user industry demand. The semiconductor industry focuses on basic IC design and testing transformations to make these semiconductors more durable and reliable as devices become smarter and more software-centric.

Semiconductor technology requirements frequently outstrip traditional analog, mixed-signal, and RF test coverage. PXI SMUs are utilized in semiconductor testing because they are a more cost-effective alternative to traditional source measure units for meeting the cost and coverage demands of increasingly complicated RF and mixed-signal ICs.

For instance, as per the 2016 press release, NI’s new PXI source measure unit is the most precise. Engineers and researchers now have the ideal option for monitoring low-current signals, with a sensitivity of 10 fA and an output of up to 200 V. As semiconductor devices become more sophisticated, more precise tests are required for PXIe-4135 SMU provides. With up to 68 SMU channels in a single chassis, it provides high channel density, high test throughput, and programming freedom with LabVIEW.

PXI SMU Market Geographical Share

The growing automotive and electronics industry in Asia-Pacific, as well as increasing wireless equipment and RF testing, is accelerating the market growth opportunities for the PXI SMU market in the region

The PXI SMU industry based on region is segmented into North America, Europe, South America, Asia-Pacific, Middle East, and Africa. In 2021, Asia-Pacific had the most of the PXI SMU market share and it is expected to grow at the fastest rate in the projected period.

Automobiles and electronics are manufactured in the vast majority of Asian countries. Wireless equipment, RF testing, and mixed-signal ICs benefit from PXI SMUs. All of these factors are driving the PXI SMU market in Asia-Pacific. Furthermore, Asia-Pacific’s semiconductor industry is growing tremendously due to the increasing adoption of high-end technology-based devices and minimum electronic prices.

In addition, China is the fastest-growing country for semiconductors due to the country's surging numbers of local component manufacturers. These local players offer better semiconductor products at a much lesser price, which tends to improve the regional semiconductor industry and, therefore, escalate the growth opportunities for the PXI SMU market to grow in the region.

PXI SMU Companies and Competitive Landscape

The global PXI SMU market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are National Instruments, Acquitek, Keysight Technologies, Chroma ATE, VX Instruments, Virginia Panel Corporation, Marvin Test Solutions, LitePoint a Teradyne Company, Yotta Volt Ltd, and others.

The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the global growth of the PXI SMU market.

• In November 2019, PXIe 4135, a high-precision system source measure unit with voltage output up to 200 V, was released by National Instruments. Wafer-level parametric testing, materials research, and characterization of low-current sensors and integrated circuits are used for the new device (ICs). National Instruments is also committed to staying on top of technical developments and new product introductions have helped the company stand out from the competition.

Keysight Technologies

Overview: Keysight Technologies or Keysight, is an American electronics test and measurement equipment and software firm. Keysight was broken out from Agilent Technologies in 2014, taking with it the electronics and radio product lines, leaving Agilent with chemical and bio-analytical products. The company has 32,000+ customers across more than 100 countries with 3,500+ U.S. and foreign patented issued or pending. The company holds an employee strength of 14,300+ in aerospace and defense, automotive and energy, communication, semiconductors, industrial and utilities, etc.

Product Portfolio: M9601A PXIe Precision Source/Measure Unit, 1.25 MSa/s, 10 fA, 210 V, 315 mA: The Keysight M9601A is a precision PXIe source/measure unit (SMU) that can source and measure voltage and current. It can measure currents ranging from 10 fA to 315 mA and voltages ranging from 500 nV to 210 V and perform exact measurements ranging from DC to pulsed down to 20 s pulse width with a sampling rate of up to 1.25 MSa/s. As a result, the M9601A is well-suited to a wide range of current versus voltage (IV) measuring workloads requiring high precision and accuracy. The customer can now precisely characterize semiconductors, active/passive components, and general electronic devices and perform parametric/reliability testing.

Key Development

• On January 13, 2021, Keysight Technologies, Inc., a growing technology company that helps businesses, service providers, and governments connect and secure the globe, announced 3 newest Source Measure Units (SMUs) for test applications requiring high resolution, high accuracies, and measurement flexibility, such as current-voltage (I-V) characterizing and testing semiconductors and other non-linear devices and materials.
• In May 2016, Keysight Technologies released the M9111A, a PXI Express source/measurement unit designed for design validation and production testing of next-generation power amplifiers and front-end modules that support cellular and wireless communication protocols.