Global Test and Measurement Equipment Market is estimated to be USD 26.3 billion in 2023 and is predicted to reach USD 37 billion by 2030, growing at a CAGR of 3.6% during the forecast period (2025 - 2030)
The report "Test and Measurement Equipment Market by Product (Oscilloscopes, Signal Generators, Multimeters, Logic Analyzers, Spectrum Analyzers, Bit Error Rate Test (BERT), Network Analyzers, Power Meters, Electronic Counters, Modular Instrumentation, Automated Test Equipment [ATE], Power Supplies, Non-Destructive Test Equipment, Machine Vision Inspection, Machine Condition Monitoring), By Service Type (Calibration Services, Repair Services/After-Sales Services, Asset Management, Consulting & Training Services, Climatic Product Testing, Others), by End User (Automotive & Transportation, Aerospace & Defense, IT & Telecommunications, Education & Government, Semiconductor & Electronics, Industrial, Healthcare) - Global Forecast to 2030", market is estimated tobe USD 26.3 billion in 2023 and is predicted to reach USD 37 billion by 2030, growing at a CAGR of 3.6% during the forecast period. Some of the major factors responsible for the growth of test and measurement equipment across the globe are increase in uses in the IT & telecommunications sector, technological advancement, and increase in demand for electronic devices. Moreover, arrival of 5G technology and deployment of LTE & LTE-Advanced (4G) Networks Rapid Penetration of IoT Devices are expected to support the growth of the market.
Browse 53 market data Tables and 35 Figures spread through 161 Pages and in-depth TOC on "Test and Measurement Equipment Market by Product (Oscilloscopes, Signal Generators, Multimeters, Logic Analyzers, Spectrum Analyzers, Bit Error Rate Test (BERT), Network Analyzers, Power Meters, Electronic Counters, Modular Instrumentation, Automated Test Equipment [ATE], Power Supplies, Non-Destructive Test Equipment, Machine Vision Inspection, Machine Condition Monitoring), By Service Type (Calibration Services, Repair Services/After-Sales Services, Asset Management, Consulting & Training Services, Climatic Product Testing, Others), by End User (Automotive & Transportation, Aerospace & Defense, IT & Telecommunications, Education & Government, Semiconductor & Electronics, Industrial, Healthcare) - Global Forecast to 2030"
Based on product, the global test and measurement equipment market is categorized into oscilloscopes, signal generators, multimeters, logic analyzers, spectrum analyzers, bit error rate test (BERT), network analyzers, power meters, electronic counters, modular instrumentation, automated test equipment [ATE], power supplies, non-destructive test equipment, machine vision inspection, and machine condition monitoring.
Global Test and Measurement Equipment Market Segmentation and Key Players
|
Segment / Key Players |
Categorization |
|
Product |
Oscilloscopes, Signal Generators, Multimeters, Logic Analyzers, Spectrum Analyzers, Bit Error Rate Test (BERT), Network Analyzers, Power Meters, Electronic Counters, Modular Instrumentation, Automated Test Equipment [ATE], Power Supplies, Non-Destructive Test Equipment, Machine Vision Inspection, Machine Condition Monitoring |
|
Service Type |
Calibration Services, Repair Services/After-Sales Services, Asset Management, Consulting & Training Services, Climatic Product Testing, Others |
|
End User |
Automotive & Transportation, Aerospace & Defense, IT & Telecommunications, Education & Government, Semiconductor & Electronics, Industrial, Healthcare |
|
Key Players |
Keysight Technologies, Advantest, Rohde & Schwarz, Fortive, National Instruments, Anritsu, EXFO, Yokogawa Electric, Texas Instruments, and Teledyne. |
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“Asia-Pacific is expected to held the largest regional market share during the forecast period.”
Asia-Pacific is expected to be the largest revenue contributor in the test and measurement equipment market during the forecast period. The Asia-Pacific region is a major industrial hub in the world, which includes automotive, electrical, and electronics. Asia-Pacific is the largest automobile manufacturer in the world.
Some of the major players in the global test and measurement equipment market include Keysight Technologies, Advantest, Rohde & Schwarz, Fortive, National Instruments, Anritsu, EXFO, Yokogawa Electric, Texas Instruments, and Teledyne.
Global Test and Measurement Equipment Market Coverage
Product Insight and Forecast 2025-2030
- Oscilloscopes
- Signal Generators
- Multimeters
- Logic Analyzers
- Spectrum Analyzers
- Bert (Bit Error Rate Test)
- Network Analyzers
- Power Meters
- Electronic Counters
- Modular Instrumentation
- Automated Test Equipment (ATE)
- Power Supplies
- Non-Destructive Test Equipment
- Machine Vision Inspection
- Machine Condition Monitoring
Service Type Insight and Forecast 2025-2030
- Calibration Services
- Repair Services/After-Sales Services
- Asset Management
- Consulting & Training Services
- Climatic Product Testing
- Others
End User Insight and Forecast 2025-2030
- Automotive & Transportation
- Aerospace & Defense
- IT & Telecommunications
- Education & Government
- Semiconductor & Electronics
- Industrial
- Healthcare
Geographical Segmentation
Test and Measurement Equipment Market by Region
North America
- By Product
- By Service Type
- By End User
- By Country – U.S., Canada, and Mexico
Europe
- By Product
- By Service Type
- By End User
- By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
Asia-Pacific (APAC)
- By Product
- By Service Type
- By End User
- By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Product
- By Service Type
- By End User
- By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries