Global Test and Measurement Equipment Market Research Report By Offering (Product ) and Services, by Application Forecast Till 2032

Description

List of Tables

Global Test and Measurement Equipment Market Research Report By Offering (Product {General Purpose Test Equipment, Wireless Test Equipment, Semiconductor Test Equipment, RF Test Chambers, Cables & Assemblies, and Value Added Services) and Services {Professional Services and Managed Services), by Application (Aerospace & Defense, Medical Equipment, Telecommunication, Electronics & Semiconductor, Industrial & Manufacturing, Automotive and Others) Forecast Till 2032

Overview of the Market

In 2023, the market for test and measurement equipment is expected to be worth USD 28,379.5 million. The test and measurement equipment market are estimated to develop at a compound annual growth rate (CAGR) of 6.8% between 2024 and 2032, rising from USD 29,319.3 million in 2024 to USD 49,634.8 million in 2032.

Because of technological improvements and rising demand for automation, test and measurement equipment (T&M) is used in a wide range of industries. The market for test and measurement equipment is growing due to the industry's need for standard compliance and quality. The rising usage of consumer electronics and semiconductor devices in the automotive, aerospace, and telecommunications sectors, as well as in healthcare facilities, is one of the primary drivers of the test and measurement equipment market's growth. The use of modern electronics in these industries' products needs performance and reliability testing to ensure that the parts meet these criteria, hence increasing the demand for testing and measuring tools.

Perspectives on Market Segments

The market for test and measurement equipment is classified into two categories based on its offerings: products and services. The items are further classified as RF test chambers, cables and assemblies, semiconductor test equipment, wireless test equipment, general-purpose test equipment, and value-added services.

The Test and Measurement Equipment Market is divided into application sectors, which include aerospace and defense, healthcare and medical equipment, telecommunications, electronics and semiconductors, industrial and manufacturing, automotives, and others.

Regional Perspectives

The analysis provides market information for five regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. North America includes the United States, Canada, and Mexico. The area is technologically advanced and has made significant investments in R&D in the automotive, health, aviation, and telecommunications sectors. Because of the rapid deployment of modern technologies such as 5G, the Internet of Things, and self-driving cars, complex T&M solutions are required to ensure performance, quality, and compliance with the essential standards and requirements. As key players in the industrial revolution, North American firms are implementing Industry 4.0, automation, and smart manufacturing processes, increasing demand for high-precision T&M equipment.

As a result, industrialization, the development of new technologies, and population growth are all leading to a significant increase in T&M equipment consumption in Asia-Pacific. Asian nations such as China, India, Japan, and South Korea are industrial and technology leaders, necessitating the implementation of cutting-edge T&M solutions across a wide range of industries.

The study's Europe region include the United Kingdom, Germany, France, and the remainder of Europe. The market for T&M equipment is rapidly developing across Europe, owing in large part to the continent's concentration on new technology development and regulatory compliance. Automotive, aerospace, communications, and industrial production are among the major European industries that use cutting-edge technology; these businesses require complex T&M solutions.

Key Players

The leading companies in the test and measurement equipment market include Keysight Technologies, Inc., ADVANTEST Corporation (Japan), Teradyne Inc., Teledyne Technologies Incorporated, Fluke Corporation (Fortive Corporation), National Instruments Corporation, Rohde & Schwarz, Spirent, Saluki Technology, RIGOL Technologies, and others.

Product Code: MRFR/ICT/4263-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 GROWING ADOPTION OF CONSUMER ELECTRONIC DEVICES
- 4.2.2 TECHNOLOGICAL ADVANCEMENT IN TELECOMMUNICATION AND NETWORKING
- 4.2.3 INCREASING NEED FOR INTEROPERABILITY TESTING OWING TO GROWING DEPLOYMENT OF IOT AND CONNECTED DEVICES
4.3 RESTRAINTS
- 4.3.1 HIGH INSTALLATION AND OWNERSHIP COST AND REQUIREMENT OF SKILLED PROFESSIONAL
- 4.3.2 ADOPTION OF TEST & MEASUREMENT EQUIPMENT ON RENTAL BASIS
- 4.3.3 COMPLEXITY OF TEST & MEASUREMENT EQUIPMENT
4.4 OPPORTUNITY
- 4.4.1 GROWING ADOPTION OF 5G CELLULAR TECHNOLOGY
- 4.4.2 COMMERCIALIZATION OF IOT
- 4.4.3 GROWING ADOPTION OF BREAKTHROUGH TECHNOLOGIES BY CONSUMERS WORLDWIDE
4.5 IMPACT ANALYSIS OF COVID-19
- 4.5.1 IMPACT ON SEMICONDUCTOR INDUSTRY
- 4.5.2 IMPACT ON OVERALL MARKET YOY 2020-2022
- 4.5.3 IMPACT ON THE SUPPLY CHAIN DELAYS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN
- 5.1.1 RAW MATERIAL SOURCING
- 5.1.2 MANUFACTURERS
- 5.1.3 DISTRIBUTION
- 5.1.4 END USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 MARKET SWOT ANALYSIS
5.4 MARKET PESTEL ANALYSIS
5.5 MACROECONOMIC & MACROECONOMIC FACTORS
5.6 RECENT MARKET DEVELOPMENTS
5.7 REGULATORY LANDSCAPE
5.8 MARKET & TECHNOLOGY TREND ANALYSIS
- 5.8.1 PORTABLE, SMALLER, LIGHTER TEST & MEASUREMENT EQUIPMENT'S
- 5.8.2 SOFTWARE-DEFINED AND CLOUD-BASED SOLUTIONS
- 5.8.3 INDUSTRY 4.0
- 5.8.4 INTERNET OF THINGS (IOT)
- 5.8.5 ADOPTION OF ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML)
- 5.8.6 INTEGRATION OF TEST AUTOMATION AND ROBOTICS
5.9 IMPACT OF EMERGING TECHNOLOGIES & FUTURE USE CASES
- 5.9.1 INDUSTRY 4.0
  - 5.9.1.1 IMPACT ANALYSIS
  - 5.9.1.2 USE CASES
- 5.9.2 INTERNET OF THINGS (IOT)
  - 5.9.2.1 IMPACT ANALYSIS
  - 5.9.2.2 USE CASES
- 5.9.3 SOFTWARE-BASED SOLUTIONS
  - 5.9.3.1 IMPACT ANALYSIS
  - 5.9.3.2 USE CASES
- 5.9.4 5G CONNECTIVITY
  - 5.9.4.1 IMPACT ANALYSIS
  - 5.9.4.2 USE CASES
- 5.9.5 ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML)
  - 5.9.5.1 IMPACT ANALYSIS
  - 5.9.5.2 USE CASES

6 GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET, BY OFFERING

6.1 OVERVIEW
6.2 PRODUCT
- 6.2.1 GENERAL PURPOSE TEST EQUIPMENT
- 6.2.2 WIRELESS TEST EQUIPMENT
- 6.2.3 SEMICONDUCTOR TEST EQUIPMENT
- 6.2.4 RF TEST CHAMBERS
- 6.2.5 CABLES & ASSEMBLIES
- 6.2.6 VALUE ADDED ACCESSORIES
6.3 SERVICES
- 6.3.1 PROFESSIONAL SERVICES
- 6.3.2 MANAGED SERVICES

7 GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET, BY APPLICATION

7.1 INTRODUCTION
7.2 AEROSPACE & DEFENSE
7.3 HEALTCARE & MEDICAL EQUIPMENT
7.4 TELECOMMUNICATION
7.5 ELECTRONICS & SEMICONDUCTOR
7.6 INDUSTRIAL & MANUFACTURING
7.7 AUTOMOTIVE
7.8 OTHERS

8 GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION

8.1 OVERVIEW
- 8.1.1 GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2023 VS 2032 (USD MILLION)
- 8.1.2 GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2019-2032 (USD MILLION)
8.2 NORTH AMERICA
- 8.2.1 US
- 8.2.2 CANADA
- 8.2.3 MEXICO
8.3 EUROPE
- 8.3.1 GERMANY
- 8.3.2 GERMANY
- 8.3.3 FRANCE
- 8.3.4 UK
- 8.3.5 SPAIN
- 8.3.6 REST OF EUROPE
8.4 ASIA-PACIFIC
- 8.4.1 CHINA
- 8.4.2 JAPAN
- 8.4.3 INDIA
- 8.4.4 SOUTH KOREA
- 8.4.5 REST OF ASIA-PACIFIC
8.5 MIDDLE EAST & AFRICA
- 8.5.1 GCC COUNTRIES
- 8.5.2 SOUTH AFRICA
- 8.5.3 REST OF MIDDLE EAST & AFRICA
8.6 SOUTH AMERICA
- 8.6.1 BRAZIL
- 8.6.2 CHILE
- 8.6.3 REST OF SOUTH AMERICA

9 COMPETITIVE LANDSCAPE

9.1 INTRODUCTION
9.2 MARKET SHARE ANALYSIS, 2023
9.3 COMPETITOR DASHBOARD
9.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 9.4.1 PRODUCT LAUNCH/ ANNOUNCEMNET/EXPANSION
- 9.4.2 PARTNERSHIP/INVESTMENT/COLLBORATION/ ACCQUISITION/OTHERS

10 COMPANY PROFILES

10.1 KEYSIGHT TECHNOLOGIES
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS OFFERED
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 KEY STRATEGIES
10.2 FORTIVE CORPORATION
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERED
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
- 10.2.6 KEY STRATEGIES
10.3 SPECTRIS PLC
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS OFFERED
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 KEY STRATEGIES
10.4 NATIONAL INSTRUMENTS
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS OFFERED
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 KEY STRATEGIES
10.5 EXFO IN
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS OFFERED
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 KEY STRATEGIES
10.6 ADVANTEST CORPORATION
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGIES
10.7 YOKOGAWA ELECTRIC
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 PRODUCTS OFFERED
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 SWOT ANALYSIS
- 10.7.6 KEY STRATEGIES
10.8 ANRITSU CORPORATION
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 PRODUCTS OFFERED
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT ANALYSIS
- 10.8.6 KEY STRATEGIES
10.9 IKM INSTRUTEK AS
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.3 PRODUCTS OFFERED
- 10.9.4 KEY DEVELOPMENTS
- 10.9.5 SWOT ANALYSIS
- 10.9.6 KEY STRATEGIES
10.10 VIAVI SOLUTIONS INC
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.3 PRODUCTS OFFERED
- 10.10.4 KEY DEVELOPMENTS
- 10.10.5 SWOT ANALYSIS
- 10.10.6 KEY STRATEGIES
10.11 TERADYNE INC.
- 10.11.1 COMPANY OVERVIEW
- 10.11.2 FINANCIAL OVERVIEW
- 10.11.3 PRODUCTS OFFERED
- 10.11.4 KEY DEVELOPMENTS
- 10.11.5 SWOT ANALYSIS
- 10.11.6 KEY STRATEGIES
10.12 HUBER+SUHNER
- 10.12.1 COMPANY OVERVIEW
- 10.12.2 FINANCIAL OVERVIEW
- 10.12.3 PRODUCTS OFFERED
- 10.12.4 KEY DEVELOPMENTS
- 10.12.5 SWOT ANALYSIS
- 10.12.6 KEY STRATEGIES
10.13 SKS KONTAKTTECHNIK GMBH
- 10.13.1 COMPANY OVERVIEW
- 10.13.2 FINANCIAL OVERVIEW
- 10.13.3 PRODUCTS OFFERED
- 10.13.4 KEY DEVELOPMENTS
- 10.13.5 SWOT ANALYSIS
- 10.13.6 KEY STRATEGIES
10.14 CHAUVIN ARNOUX GROUP (METRIX INCLUDE)
- 10.14.1 COMPANY OVERVIEW
- 10.14.2 FINANCIAL OVERVIEW
- 10.14.3 PRODUCTS OFFERED
- 10.14.4 KEY DEVELOPMENTS
- 10.14.5 SWOT ANALYSIS
- 10.14.6 KEY STRATEGIES
10.15 TESTEC
- 10.15.1 COMPANY OVERVIEW
- 10.15.2 FINANCIAL OVERVIEW
- 10.15.3 PRODUCTS OFFERED
- 10.15.4 KEY DEVELOPMENTS
- 10.15.5 SWOT ANALYSIS
- 10.15.6 KEY STRATEGIES
10.16 ROHDE & SCHWARZ
- 10.16.1 COMPANY OVERVIEW
- 10.16.2 FINANCIAL OVERVIEW
- 10.16.3 PRODUCTS OFFERED
- 10.16.4 KEY DEVELOPMENTS
- 10.16.5 SWOT ANALYSIS
- 10.16.6 KEY STRATEGIES
10.17 SPIRENT COMMUNICATIONS PLC
- 10.17.1 COMPANY OVERVIEW
- 10.17.2 FINANCIAL OVERVIEW
- 10.17.3 PRODUCTS OFFERED
- 10.17.4 KEY DEVELOPMENTS
- 10.17.5 SWOT ANALYSIS
- 10.17.6 KEY STRATEGIES
10.18 TELEDYNE TECHNOLOGIES INCORPORATED
- 10.18.1 COMPANY OVERVIEW
- 10.18.2 FINANCIAL OVERVIEW
- 10.18.3 PRODUCTS OFFERED
- 10.18.4 KEY DEVELOPMENTS
- 10.18.5 SWOT ANALYSIS
- 10.18.6 KEY STRATEGIES
10.19 SALUKI TECHNOLOGY INC.
- 10.19.1 COMPANY OVERVIEW
- 10.19.2 FINANCIAL OVERVIEW
- 10.19.3 PRODUCTS OFFERED
- 10.19.4 KEY DEVELOPMENTS
- 10.19.5 SWOT ANALYSIS
- 10.19.6 KEY STRATEGIES
10.20 UNI-TREND TECHNOLOGY (CHINA) CO., LTD.
- 10.20.1 COMPANY OVERVIEW
- 10.20.2 FINANCIAL OVERVIEW
- 10.20.3 PRODUCTS OFFERED
- 10.20.4 KEY DEVELOPMENTS
- 10.20.5 SWOT ANALYSIS
- 10.20.6 KEY STRATEGIES
10.21 RIGOL TECHNOLOGIES, INC.
- 10.21.1 COMPANY OVERVIEW
- 10.21.2 FINANCIAL OVERVIEW
- 10.21.3 PRODUCTS OFFERED
- 10.21.4 KEY DEVELOPMENTS
- 10.21.5 SWOT ANALYSIS
- 10.21.6 KEY STRATEGIES
10.22 STAUBLI GROUP
- 10.22.1 COMPANY OVERVIEW
- 10.22.2 FINANCIAL OVERVIEW
- 10.22.3 PRODUCTS OFFERED
- 10.22.4 KEY DEVELOPMENTS
- 10.22.5 SWOT ANALYSIS
- 10.22.6 KEY STRATEGIES
10.23 SKS KONTAKTTECHNIK GMBH
- 10.23.1 COMPANY OVERVIEW
- 10.23.2 FINANCIAL OVERVIEW
- 10.23.3 PRODUCTS OFFERED
- 10.23.4 KEY DEVELOPMENTS
- 10.23.5 SWOT ANALYSIS
- 10.23.6 KEY STRATEGIES
10.24 POMONA ELECTRONICS
- 10.24.1 COMPANY OVERVIEW
- 10.24.2 FINANCIAL OVERVIEW
- 10.24.3 PRODUCTS OFFERED
- 10.24.4 KEY DEVELOPMENTS
- 10.24.5 SWOT ANALYSIS
- 10.24.6 KEY STRATEGIES
10.25 CHANGFENG GROUP CO., LTD
- 10.25.1 COMPANY OVERVIEW
- 10.25.2 FINANCIAL OVERVIEW
- 10.25.3 PRODUCTS OFFERED
- 10.25.4 KEY DEVELOPMENTS
- 10.25.5 SWOT ANALYSIS
- 10.25.6 KEY STRATEGIES
10.26 SCHUTZINGER GMBH
- 10.26.1 COMPANY OVERVIEW
- 10.26.2 FINANCIAL OVERVIEW
- 10.26.3 PRODUCTS OFFERED
- 10.26.4 KEY DEVELOPMENTS
- 10.26.5 SWOT ANALYSIS
- 10.26.6 KEY STRATEGIES
10.27 ELECTRO PJP
- 10.27.1 COMPANY OVERVIEW
- 10.27.2 FINANCIAL OVERVIEW
- 10.27.3 PRODUCTS OFFERED
- 10.27.4 KEY DEVELOPMENTS
- 10.27.5 SWOT ANALYSIS
- 10.27.6 KEY STRATEGIES
10.28 DONGGUAN XIN BAO INSTRUMENT CO., LTD.
- 10.28.1 COMPANY OVERVIEW
- 10.28.2 FINANCIAL OVERVIEW
- 10.28.3 PRODUCTS OFFERED
- 10.28.4 KEY DEVELOPMENTS
- 10.28.5 SWOT ANALYSIS
- 10.28.6 KEY STRATEGIES
10.29 RADIALL
- 10.29.1 COMPANY OVERVIEW
- 10.29.2 FINANCIAL OVERVIEW
- 10.29.3 PRODUCTS OFFERED
- 10.29.4 KEY DEVELOPMENTS
- 10.29.5 SWOT ANALYSIS
- 10.29.6 KEY STRATEGIES
10.30 DR. MULLER INSTRUMENTS GMBH & CO. KG
- 10.30.1 COMPANY OVERVIEW
- 10.30.2 FINANCIAL OVERVIEW
- 10.30.3 PRODUCTS OFFERED
- 10.30.4 KEY DEVELOPMENTS
- 10.30.5 SWOT ANALYSIS
- 10.30.6 KEY STRATEGIES
10.31 BRAND SHANGHAI TRADING CO., LTD.
- 10.31.1 COMPANY OVERVIEW
- 10.31.2 FINANCIAL OVERVIEW
- 10.31.3 PRODUCTS OFFERED
- 10.31.4 KEY DEVELOPMENTS
- 10.31.5 SWOT ANALYSIS
- 10.31.6 KEY STRATEGIES
10.32 SILVERTRONIC
- 10.32.1 COMPANY OVERVIEW
- 10.32.2 FINANCIAL OVERVIEW
- 10.32.3 PRODUCTS OFFERED
- 10.32.4 KEY DEVELOPMENTS
- 10.32.5 SWOT ANALYSIS
- 10.32.6 KEY STRATEGIES
10.33 CALTEST ENGINEERS
- 10.33.1 COMPANY OVERVIEW
- 10.33.2 FINANCIAL OVERVIEW
- 10.33.3 PRODUCTS OFFERED
- 10.33.4 KEY DEVELOPMENTS
- 10.33.5 SWOT ANALYSIS
- 10.33.6 KEY STRATEGIES
10.34 SHENZHEN JPT OPTO-ELECTRONICS CO., LTD.
- 10.34.1 COMPANY OVERVIEW
- 10.34.2 FINANCIAL OVERVIEW
- 10.34.3 PRODUCTS OFFERED
- 10.34.4 KEY DEVELOPMENTS
- 10.34.5 SWOT ANALYSIS
- 10.34.6 KEY STRATEGIES
10.35 EXTECH INSTRUMENTS
- 10.35.1 COMPANY OVERVIEW
- 10.35.2 FINANCIAL OVERVIEW
- 10.35.3 PRODUCTS OFFERED
- 10.35.4 KEY DEVELOPMENTS
- 10.35.5 SWOT ANALYSIS
- 10.35.6 KEY STRATEGIES
10.36 OWON TECHNOLOGY
- 10.36.1 COMPANY OVERVIEW
- 10.36.2 FINANCIAL OVERVIEW
- 10.36.3 PRODUCTS OFFERED
- 10.36.4 KEY DEVELOPMENTS
- 10.36.5 SWOT ANALYSIS
- 10.36.6 KEY STRATEGIES