Electronic Load Market size is valued at USD 3,215.0 Million in 2021 and is expected to reach a value of USD 5,062.1 Million by 2028, growing at a CAGR of 6.7% during the forecast period 2022 to 2028. The global market provides a detailed overview of the electronic load market and that can be segmented by voltage, current type, and application. By voltage, this market has been segmented into high voltage and low voltage. The high voltage segment is likely to be the largest and fastest-growing segment in terms of voltage. Based on the current type, the electronic load market is segmented into alternating current (AC) and direct current (DC). Among these, the alternating current (AC) segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on application, the electronic load market is segmented into aerospace, defense & government services, automotive, energy, and wireless communications & infrastructure. The aerospace segment accounts for the largest share in 2021. The automotive segment has the second-largest share during the forecast period 2021-2028.
In Aug 2018, Thales Calibration Services, a subsidiary of Thales Group situated in Melbourne, Australia, was bought by Keysight Technologies, Inc. With this acquisition, Keysight became Australia’s largest calibration and support services company.