The global test and measurement equipment market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth in this market is driven by the increasing demand for test and measurement equipment in various industries such as automotive, aerospace & defense, IT & telecommunications, education & government, semiconductor & electronics, industrial and healthcare (medical & pharmaceuticals).
The global test and measurement equipment market is segmented on the basis of type into product type (by product), general purpose test equipment (mechanical test equipments), service type (calibration services) and application type. The product segment includes instruments such as oscilloscopes, power meters/meters per second meters/voltmeters/ohmmeters/multimeters; signal generators; spectrum analyzers; data acquisition systems; digital multimeters; frequency counters; network analyzers; logic analyzers. The general purpose test equipments include mechanical testing equipments such as tensile testers or compression testers or hardness testers or shear testers or impact tester etc; environmental testing equipments such as temperature chambers or humidity chambers etc; other general purpose testing equipments like vibration shakers etc; calibration services include products like calibrators for voltage standards or calibrators for current standards etc, process calibrations like calibration of gas flow meter with gas flow standard etc, package calibrations like calibration of pressure transmitter with pressure standard etc, repair services include repair services for electronic components including semiconductors which are used in various electronic devices including smartphones.
The application segment includes automotive industry which includes vehicles that are used by individuals for personal use but also by commercial entities to transport goods from one place to another place e.g., trucks that carry goods from one location to another location e.g., buses that carry passengers from one location to another location e.g., trains that carry passengers from one station to another station e.g., airplanes that fly people across continents); aerospace & defense industry which includes military aircrafts used by armed forces around the world including fighter jets used by air forces around the world including helicopters used by air forces around the world); IT&telecommunications industry which includes computers manufactured using semiconductors manufactured using chips manufactured using integrated circuits manufactured using microprocessors manufactured using memory chips); education&government industry which includes schools where students learn about different subjects taught at school) colleges where students learn about different subjects taught at college) universities where students learn about different subjects taught at university) research institutes where researchers conduct research on topics related to their field of study); semiconductor&electronics industry which comprises companies manufacturing electronic devices containing microchips made up of silicon wafers containing transistors made up of diodes made up resistors made up capacitors made up inductors).
Some Of The Growth Factors Of This Market:
- The Test and Measurement Equipment market is driven by the need for accurate measurements in various industries such as automotive, aerospace, medical, and others.
- The Test and Measurement Equipment market is also driven by the need for more accurate measurements in order to meet regulatory requirements.
- Increasing demand for test equipment from emerging economies such as China, India, Brazil, Russia etc, will drive the growth of this market.
- Increasing investments in research & development activities will also drive the growth of this market.
Industry Growth Insights published a new data on “Test and Measurement Equipment Market”. The research report is titled “Test and Measurement Equipment Market research by Types (by Product, Genera Purpose Test Equipment, Mechanical Test Equipment, by Service, Calibration Services (Product, Process, Packages), Repair Services/After-Sales Services, Others), By Applications (Automotive, Aerospace & Defense, IT & Telecommunications, Education & Government, Semiconductor & Electronics, Industrial, Healthcare (Medical & Pharmaceuticals)), By Players/Companies Keysight, Rohde & Schwarz, Advantest, National Instruments, Anritsu, Viavi, Exfo, Yokogawa Electric, Cobham, Teledyne, Texas Instruments, Gw Instek, Rigol, Giga-Tronics, B&K Precision, Stanford Research Systems, Ametek, Adlink, Leader Instruments, Dynamicsignals, Freedom Communication, Vaunix, DS Instruments, Saluki”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Test and Measurement Equipment Market Research Report
By Type
by Product, Genera Purpose Test Equipment, Mechanical Test Equipment, by Service, Calibration Services (Product, Process, Packages), Repair Services/After-Sales Services, Others
By Application
Automotive, Aerospace & Defense, IT & Telecommunications, Education & Government, Semiconductor & Electronics, Industrial, Healthcare (Medical & Pharmaceuticals)
By Companies
Keysight, Rohde & Schwarz, Advantest, National Instruments, Anritsu, Viavi, Exfo, Yokogawa Electric, Cobham, Teledyne, Texas Instruments, Gw Instek, Rigol, Giga-Tronics, B&K Precision, Stanford Research Systems, Ametek, Adlink, Leader Instruments, Dynamicsignals, Freedom Communication, Vaunix, DS Instruments, Saluki
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Test and Measurement Equipment Market Report Segments:
The global Test and Measurement Equipment market is segmented on the basis of:
Types
by Product, Genera Purpose Test Equipment, Mechanical Test Equipment, by Service, Calibration Services (Product, Process, Packages), Repair Services/After-Sales Services, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace & Defense, IT & Telecommunications, Education & Government, Semiconductor & Electronics, Industrial, Healthcare (Medical & Pharmaceuticals)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Keysight
- Rohde & Schwarz
- Advantest
- National Instruments
- Anritsu
- Viavi
- Exfo
- Yokogawa Electric
- Cobham
- Teledyne
- Texas Instruments
- Gw Instek
- Rigol
- Giga-Tronics
- B&K Precision
- Stanford Research Systems
- Ametek
- Adlink
- Leader Instruments
- Dynamicsignals
- Freedom Communication
- Vaunix
- DS Instruments
- Saluki
Highlights of The Test and Measurement Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- by Product
- Genera Purpose Test Equipment
- Mechanical Test Equipment
- by Service
- Calibration Services (Product, Process, Packages)
- Repair Services/After-Sales Services
- Others
- By Application:
- Automotive
- Aerospace & Defense
- IT & Telecommunications
- Education & Government
- Semiconductor & Electronics
- Industrial
- Healthcare (Medical & Pharmaceuticals)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Test and Measurement Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Test and measurement equipment is a category of electronic equipment that is used to measure or test the performance of electronic devices, systems, or components.
Some of the key players operating in the test and measurement equipment market are Keysight, Rohde & Schwarz, Advantest, National Instruments, Anritsu, Viavi, Exfo, Yokogawa Electric, Cobham, Teledyne, Texas Instruments, Gw Instek, Rigol, Giga-Tronics, B&K Precision, Stanford Research Systems, Ametek, Adlink, Leader Instruments, Dynamicsignals, Freedom Communication, Vaunix, DS Instruments, Saluki.
The test and measurement equipment market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Test and Measurement Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Test and Measurement Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Test and Measurement Equipment Market - Supply Chain
4.5. Global Test and Measurement Equipment Market Forecast
4.5.1. Test and Measurement Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Test and Measurement Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Test and Measurement Equipment Market Absolute $ Opportunity
5. Global Test and Measurement Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Test and Measurement Equipment Market Size and Volume Forecast by Type
5.3.1. by Product
5.3.2. Genera Purpose Test Equipment
5.3.3. Mechanical Test Equipment
5.3.4. by Service
5.3.5. Calibration Services (Product, Process, Packages)
5.3.6. Repair Services/After-Sales Services
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Test and Measurement Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Test and Measurement Equipment Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace & Defense
6.3.3. IT & Telecommunications
6.3.4. Education & Government
6.3.5. Semiconductor & Electronics
6.3.6. Industrial
6.3.7. Healthcare (Medical & Pharmaceuticals)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Test and Measurement Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Test and Measurement Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Test and Measurement Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Test and Measurement Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Test and Measurement Equipment Demand Share Forecast, 2019-2029
9. North America Test and Measurement Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Test and Measurement Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Test and Measurement Equipment Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace & Defense
9.4.3. IT & Telecommunications
9.4.4. Education & Government
9.4.5. Semiconductor & Electronics
9.4.6. Industrial
9.4.7. Healthcare (Medical & Pharmaceuticals)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Test and Measurement Equipment Market Size and Volume Forecast by Type
9.7.1. by Product
9.7.2. Genera Purpose Test Equipment
9.7.3. Mechanical Test Equipment
9.7.4. by Service
9.7.5. Calibration Services (Product, Process, Packages)
9.7.6. Repair Services/After-Sales Services
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Test and Measurement Equipment Demand Share Forecast, 2019-2029
10. Latin America Test and Measurement Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Test and Measurement Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Test and Measurement Equipment Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace & Defense
10.4.3. IT & Telecommunications
10.4.4. Education & Government
10.4.5. Semiconductor & Electronics
10.4.6. Industrial
10.4.7. Healthcare (Medical & Pharmaceuticals)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Test and Measurement Equipment Market Size and Volume Forecast by Type
10.7.1. by Product
10.7.2. Genera Purpose Test Equipment
10.7.3. Mechanical Test Equipment
10.7.4. by Service
10.7.5. Calibration Services (Product, Process, Packages)
10.7.6. Repair Services/After-Sales Services
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Test and Measurement Equipment Demand Share Forecast, 2019-2029
11. Europe Test and Measurement Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Test and Measurement Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Test and Measurement Equipment Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace & Defense
11.4.3. IT & Telecommunications
11.4.4. Education & Government
11.4.5. Semiconductor & Electronics
11.4.6. Industrial
11.4.7. Healthcare (Medical & Pharmaceuticals)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Test and Measurement Equipment Market Size and Volume Forecast by Type
11.7.1. by Product
11.7.2. Genera Purpose Test Equipment
11.7.3. Mechanical Test Equipment
11.7.4. by Service
11.7.5. Calibration Services (Product, Process, Packages)
11.7.6. Repair Services/After-Sales Services
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Test and Measurement Equipment Demand Share, 2019-2029
12. Asia Pacific Test and Measurement Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Test and Measurement Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Test and Measurement Equipment Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace & Defense
12.4.3. IT & Telecommunications
12.4.4. Education & Government
12.4.5. Semiconductor & Electronics
12.4.6. Industrial
12.4.7. Healthcare (Medical & Pharmaceuticals)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Test and Measurement Equipment Market Size and Volume Forecast by Type
12.7.1. by Product
12.7.2. Genera Purpose Test Equipment
12.7.3. Mechanical Test Equipment
12.7.4. by Service
12.7.5. Calibration Services (Product, Process, Packages)
12.7.6. Repair Services/After-Sales Services
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Test and Measurement Equipment Demand Share, 2019-2029
13. Middle East & Africa Test and Measurement Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Test and Measurement Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Test and Measurement Equipment Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace & Defense
13.4.3. IT & Telecommunications
13.4.4. Education & Government
13.4.5. Semiconductor & Electronics
13.4.6. Industrial
13.4.7. Healthcare (Medical & Pharmaceuticals)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Test and Measurement Equipment Market Size and Volume Forecast by Type
13.7.1. by Product
13.7.2. Genera Purpose Test Equipment
13.7.3. Mechanical Test Equipment
13.7.4. by Service
13.7.5. Calibration Services (Product, Process, Packages)
13.7.6. Repair Services/After-Sales Services
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Test and Measurement Equipment Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Test and Measurement Equipment Market: Market Share Analysis
14.2. Test and Measurement Equipment Distributors and Customers
14.3. Test and Measurement Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Keysight
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rohde & Schwarz
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Advantest
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. National Instruments
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Anritsu
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Viavi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Exfo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Yokogawa Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cobham
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Teledyne
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Texas Instruments
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Gw Instek
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Rigol
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Giga-Tronics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. B&K Precision
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategi
