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Status : Published Published On : Jan, 2024 Report Code : VRSME9024 Industry : Semiconductor & Electronics Available Format : Page : 161
2025
2030

Global Test and Measurement Equipment Market - Analysis and Forecast (2025-2030)

Industry Insights 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)

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Industry Overview

According to market analysis, the test and measurement equipment market is projected to expand significantly in the coming years. By 2030, it is expected to reach a valuation of USD 37 billion, growing at a steady CAGR of 3.6% throughout the forecast period. The widespread adoption of test and measurement equipment across various industries such as IT & telecommunications, education & government, automotive & transportation, aerospace & defense, industrial, and healthcare sectors is a key driver behind this growth. This surge in demand can be attributed to the expanding applications and benefits offered by these tools on a global scale.

Test and Measurement Equipment Market Highlights

Test and Measurement Equipment Market Segmentation

Insight by Service Type

On the basis of service type, the test and measurement equipment market is categorized into calibration services, repair services/after-sales services, asset management, consulting & training services, climatic product testing, and others.

Insight by End User

On the basis of end user, the test and measurement equipment market is categorized into automotive & transportation, aerospace & defense, it & telecommunications, education & government, semiconductor & electronics, industrial, and healthcare. In 2019, the automotive and transportation segment dominated the biosensors market. Growing number of automotive manufacturing hubs in the world, implementing advanced automation technologies for production is expected to enhance the growth of the test and measurement equipment market.

Global Test and Measurement Equipment Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2024

U.S.D.  X.X Billion

Revenue Forecast in 2030

U.S.D.  37.0 Billion

Growth Rate

3.6%

Segments Covered in the Report

By Product, By Service Type and By End User

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics

Test and Measurement Equipment Market Growth Drivers

The primary factors driving the growth of the global test and measurement equipment market are:

  • - Increasing adoption of electronic devices
  • - Growing penetration of modular instrumentation
  • - Technological advancement towards networking and communication
  • - Rising demand for high-performance and power-efficient electronic devices

The major factors responsible for the growth of the global test and measurement equipment market 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.

Test and Measurement Equipment Market Challenges

The price sensitivity of test and measurement equipment may hinder the growth of the global test and measurement equipment market.

Test and Measurement Equipment Market Geographic Overview

Geographically, 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. Furthermore, in the APAC region, countries such as China, India, and South Korea are leading producers of consumer electronic devices, including smartphones, laptops, and gaming consoles. Aforementioned factors contribute to the growth of the test and measurement equipment market in the region.

Test and Measurement Equipment Market Competitive Insight

Key players operating 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.

Keysight is a leading provider of test and measurement equipment in the areas of electronics design, electromobility, test software, modular instrumentation and solutions, network monitoring, 5G, LTE, IoT, and connected cars. The company focuses on providing end-to-end customization, consulting, and optimization services to the customers throughout the lifespan of the product as it prefers a wide range of products & services.

Rohde & Schwarz is one of the world's largest manufacturers of electronic testing and measuring equipment. The company offers a wide range of products to provide leading solutions for new wireless technologies, RD and microwave applications up to 500 GHz.

Forecast Parameters

  • - Identifying variables and establishing market impact.
  • - Establishing market trends regionally.
  • - Analyzing opportunities and market penetration rates by understanding product commercialization, regional expansion.
  • - Analyzing demand and supply trends and changes in industry dynamics to establish future growth.
  • - Analyzing sustainability strategies adhered by market participants in an attempt to determine future course of the market.
  • - Analyzing historical market trends and super-imposing them on the current and future variables to determine year-on-year trend.
  • - Understanding adoption, development, distribution and regulatory framework.

Data Validation

  • - Estimated and forecasted data was validated through industry experts.
  • - Apart from industry experts, data triangulation methods were used for validation.
  • - Bottom up and top down approach has been used for estimation and forecast of market data, whereas top down approach was used for validation.
  • - Demand as well as supply side surveys were conducted in order to understand the industry dynamics and data validation.

Research Phases

Test and Measurement Equipment Market Research Phases

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.

The Test and Measurement Equipment Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Product
    • 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
  • 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

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

Test and Measurement Equipment Market Size

Source: VynZ Research

Global Test and Measurement Equipment Market Analysis

Source: VynZ Research

Frequently Asked Questions

What are general purpose test and measurement equipment?

Oscilloscopes, Signal Generators, Multimeters, Logic Analyzers, Spectrum Analyzers, Bit Error Rate Test (BERT), Network Analyzers, Power Meters, Electronic Counters, Modular Instrumentation are general purpose test and measurement equipment.

What are market test and measurement equipment drivers?

As ownerships of consumer electronics increase, the test and measurement equipment market is expected to draw in high revenue.

Who are key players of the test and measurement equipment market?

Keysight Technologies, Advantest, Rohde & Schwarz, Fortive, National Instruments, Anritsu, EXFO, Yokogawa Electric, Texas Instruments, and Teledyne are some notable players of the test and measurement equipment market.

What is the growth scope of the test and measurement equipment market?

The global test and measurement equipment market is predicted to reach USD 37 billion by 2030, growing at a CAGR of 3.6% during the forecast period.

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Research Methodology

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  •  Research and Analysis
  •  Final Deliverabvle

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