Chan Ye Xin Xi Wang·2026-01-23 01:13Core Insights - The precision source meter is a high-accuracy instrument used for simultaneous voltage and current measurement, widely applied in fields such as optical communication, semiconductors, and new energy [1][2] - The global precision source meter market is projected to grow from $730 million in 2020 to $1.17 billion by 2025, achieving a compound annual growth rate (CAGR) of 9.9% [1][3] - China's precision source meter market is expected to reach approximately 2.31 billion yuan by 2025, with a year-on-year growth of 20.3%, driven by demand from the semiconductor and optical communication sectors [1][9] Industry Overview - The precision source meter is a critical segment within electrical and environmental testing instruments, characterized by high precision and accuracy [2][3] - The performance of precision source meters is primarily measured by minimum current and voltage resolution, with lower values indicating higher accuracy and broader application scenarios [2][5] Market Dynamics - The precision source meter industry is experiencing expansion due to increased downstream demand, technological upgrades, and expanded application scenarios [1][9] - The semiconductor industry is a significant application area for precision source meters, with the global semiconductor market projected to grow to $718.9 billion by 2025, and China's semiconductor market expected to reach $211.5 billion, growing by 14.1% [7][9] Competitive Landscape - The precision source meter market is highly concentrated, with the top three companies holding over 82% market share by 2024 [1][10] - Foreign companies like Tektronix, NI, and Keysight dominate the market, holding 90% of China's market share in 2024, while domestic companies only account for 10% [1][10][12] - Keysight leads the Chinese precision source meter market with a 47.8% share, followed by NI at 24.4%, while domestic players like Lianxun Instrument and Dingyang Technology have made inroads in the mid-to-low-end market [12][14] Industry Trends - The precision source meter market is expected to continue expanding, with projections indicating a market size of 4.3 billion yuan by 2030, growing at a CAGR of 13.4% from 2025 to 2030 [1][16] - Precision source meters are evolving towards higher accuracy, wider ranges, and faster response times, driven by increasing reliability requirements in semiconductor manufacturing and other sectors [1][17]