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Overview
Digital multimeters (DMMs) are gaining traction in the automotive sector as a result of fast-growing industry segments such as electric and plug-in hybrid vehicles.
According to MarketsandMarkets, "The global digital multimeter market size is anticipated to reach USD 1,047 million by 2024 from USD 847 million in 2019, growing at a CAGR of 4.3% during the forecast period," and "The automotive segment is expected to be the fastest-growing digital multimeter market, by application, during the forecast period. The growing demand for electric vehicles and self-driving cars in North America, Europe, and China is driving the requirement for digital multimeters."
What is a Digital Multimeter?
A multimeter is a measuring device that can measure alternating current (AC) or direct current (DC) voltage, current, resistance, temperature, capacitance, and other parameters. Many features in a modern digital multimeter's internal system are miniaturized and enabled by digital and logic technology. Digital multimeters can have graphical displays, data logging and signal digitizing capabilities, programmability, and the ability to communicate with external devices thanks to digital technology.
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