Test and Measurement Equipment Market

Test and Measurement Equipment Market Overview

Test and measurement instruments include various types of equipment, including automatic test equipment (ATE), radio frequency (RF) test, data acquisition (DAQ), signal generators, spectrum analyzers, among others. These equipment are often used in every industry, starting from the automotive, IT and telecommunication, industrial, healthcare, defense, and electronics sector.

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Major Test and Measurement Equipment Market Drivers

The major drivers that are surging the growth of the global Test and Measurement Equipment market include the accelerating demand for this equipment in numerous end-user sectors, including aerospace & defense, IT & Telecommunications, semiconductor & electronics, healthcare, education & government, and the aerospace sector. Additionally, there has been an increase in the adoption of IoT devices, and the deployment of 4G networks are certain other factors that are contributing to the market growth. The ongoing digital transformation in the automotive sector is increasing the retrofitting of devices and equipment embedded with different ranges of test and measurement equipment, including electrical tester, digital advanced telecom infrastructure, and automotive. The data centers are experiencing an increase in the demand for a large number of test and measurement equipment for the monitoring of device condition, data transmission condition, and signal strength.

Restraint in the Test and Measurement Equipment Market

However, on the other hand, the high price of test and measurement equipment is one of the biggest factor that is likely to hinder the market growth. Furthermore, the rising penetration of rental and leasing services is acting as a challenge for the growth of the global test and measurement equipment market.

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Product- Segment Analysis

Based on the Product, the general purpose test equipment segment is expected to grow at a higher CAGR during the forecast period. The strong demand for different types of general purpose testing equipment such as Bit Error Rate Tester (BERT), network analyzers, power meters, logic analyzers, digital multimeter, oscilloscopes, electronic counters, and Automated Test Equipment (ATE), is a significant factor that is driving the segment growth in the market. The exceptional features of this equipment such as large size, bulky displays, and complicated control systems, are further increasing the growth of the segment. Moreover, the accelerating demand for small-sized tools and the integration of various test and measurement equipment into one offering is further opening new doors for the segment growth.

End-Use Sector – Segment Analysis

On the basis of the End-Use Sector, the automotive and transportation segment is projected to lead the global test and measurement equipment market during the forecast period. The growing number of automotive manufacturing hubs that are implementing advanced automation technologies for production is one of the biggest factors that is propelling the segment growth. Ethernet (IEEE 802.3) is being increasingly used in automotive manufacturing.

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Regional – Segment Analysis:

Based on the region, Asia-pacific is expected to dominate the market during the forecast period owing to the strong presence of leading manufacturers of consumer electronic devices, such as laptops, smartphones, and gaming consoles. China is the one of the major hub for semiconductor fabrication and manufacturing and has been involved in the implementation and development of IoT, which is leading to the expansion of these sectors, thus boosting the demand of the market in this region.

Top Market Players

Various notable players operating in the market include Fortive, Keysight Technologies, Rohde & Schwarz USA, Inc., ADVANTEST CORPORATION, National Instruments Corp., VIAVI Solutions Inc., Anritsu, Yokogawa India Ltd., EXFO Inc., Texas Instruments Incorporated, among others. 

Key Developments:

• • In 2019, National Instruments Corp., released the latest version of SystemLink software. This product has helped the engineers to increase their operational efficiency by providing a single interface to quickly set op and manage software, tests, and assets across various facilities and test benches.
  • In 2019, Keysight Technologies entered into a partnership with Nordsys GmbH for the development of test solutions for long-term evolution-vehicle (LTE-V), cellular vehicle-to-everything (C-V2X) and 5G.
  • In 2019, VIAVI Solutions Inc., launched the UC-584S Top Mount Antenna Coupler to offer isolation and shielding for consistent aircraft transponder testing in ramp and hangar environments with signal interference.

Segments covered in the Report:

The global Test and Measurement Equipment market has been segmented on the basis of Product, Service Type, End-Use Sector and key regions. Based on Product, the market is segmented into General Purpose Test Equipment and Mechanical Test Equipment. Based on Service Type, the market is segmented into Calibration Services, Repair Services/After Sales Services and Other Services. 

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Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Service Type, By End-Use Sector, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Fortive, Keysight Technologies, Rohde & Schwarz USA, Inc., ADVANTEST CORPORATION, National Instruments Corp., VIAVI Solutions Inc., Anritsu, Yokogawa India Ltd., EXFO Inc., Texas Instruments Incorporated, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Test and Measurement Equipment Market by Product

• • General Purpose Test Equipment (GPTE)
  • Mechanical Test Equipment (MTE)

Global Test and Measurement Equipment Market by Service Type

• • Calibration Services
  • Repair Services/After-Sales Services
  • Other Services

Global Test and Measurement Equipment Market by End-Use Sector

• • Automotive & Transportation
  • Aerospace & Defense
  • Equipment in Aerospace & Defense
  • Education & Government
  • Semiconductor & Electronics
  • Industrial
  • Healthcare (Medical)

Global Test and Measurement Equipment Market by Region

• • North America Test and Measurement Equipment Market (Option 1: As a part of the free 25% customization)

    • North America Test and Measurement Equipment Market by Product
    • North America Test and Measurement Equipment Market by Service Type
    • North America Test and Measurement Equipment Market by End-Use Sector
    • US Test and Measurement Equipment Market All-Up
    • Canada Test and Measurement Equipment Market All-Up

  • Europe Test and Measurement Equipment Market (Option 2: As a part of the free 25% customization)

    • Europe Test and Measurement Equipment Market by Product
    • Europe Test and Measurement Equipment Market by Service Type
    • Europe Test and Measurement Equipment Market by End-Use Sector
    • UK Test and Measurement Equipment Market All-Up
    • Germany Test and Measurement Equipment Market All-Up
    • France Test and Measurement Equipment Market All-Up
    • Spain Test and Measurement Equipment Market All-Up
    • Rest of Europe Test and Measurement Equipment Market All-Up

  • Asia-Pacific Test and Measurement Equipment Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Test and Measurement Equipment Market by Product
    • Asia-Pacific Test and Measurement Equipment Market by Service Type
    • Asia-Pacific Test and Measurement Equipment Market by End-Use Sector
    • China Test and Measurement Equipment Market All-Up
    • India Test and Measurement Equipment Market All-Up
    • Japan Test and Measurement Equipment Market All-Up
    • Rest of APAC Test and Measurement Equipment Market All-Up

  • RoW Test and Measurement Equipment Market (Option 4: As a part of the free 25% customization)

    • RoW Test and Measurement Equipment Market by Product
    • RoW Test and Measurement Equipment Market by Service Type
    • RoW Test and Measurement Equipment Market by End-Use Sector
    • Brazil Test and Measurement Equipment Market All-Up
    • South Africa Test and Measurement Equipment Market All-Up
    • Saudi Arabia Test and Measurement Equipment Market All-Up
    • UAE Test and Measurement Equipment Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Test and Measurement Equipment Market All-Up

Major Players Operating in the Test and Measurement Equipment (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Fortive
  • Keysight Technologies
  • Rohde & Schwarz USA, Inc.
  • ADVANTEST CORPORATION
  • National Instruments Corp.
  • VIAVI Solutions Inc.
  • Anritsu, Yokogawa India Ltd.
  • EXFO Inc.
  • Texas Instruments Incorporated