HOME Top Market Reports Test and Measurement Equipment Market by Type (Oscilloscope, Signal Generator, Spectrum Analyzer, Multimeters, Power Meter, Network Analyzer), Service (Calibration Services, & Repair Services), Application, and Geography Global Trends and Forecast to 2022

Test and Measurement Equipment Market by Type (Oscilloscope, Signal Generator, Spectrum Analyzer, Multimeters, Power Meter, Network Analyzer), Service (Calibration Services, & Repair Services), Application, and Geography Global Trends and Forecast to 2022

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: SE 4415

 

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The test and measurement equipment market is expected to grow from USD 22.12 Billion in 2015 to USD 35.45 Billion by 2022, at a CAGR of 6.8% between 2016 and 2022. The base year used for the study is 2015 and the forecast period is between 2016 and 2022. This report provides an in-depth analysis of the overall test equipment market. The report gives detailed information on various test and measurement equipment, and their related application areas. The report also provides the overall market segmentation on the basis of equipment type, service, application, and geography.

To estimate the size of the test and measurement equipment market, top players and their shares in the said market have been considered. This research study involves an extensive use of secondary sources such as annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with experts. The research methodology is explained below.

  • Analysis of the overall size of the individual markets through the percentage split with the help of primary and secondary research 
  • Analysis of the market segments and subsegments.    
  • Analysis of supply and demand sides of the test and measurement equipment ecosystem.
  • Analysis of the market trends in various regions and countries, supported by the ongoing research & development
  • Finalization of the overall market size by triangulating the supply-side data which includes product developments, supply chain, and estimated sales of the test equipment market.

After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with experts. The figure below shows the breakdown of primaries on the basis of company, designation, and region conducted during the research study.

Test and Measurement Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

The test and measurement equipment ecosystem comprises major equipment manufacturers such Keysight Technologies, Inc. (U.S.), Viavi Solutions, Inc. (U.S.), Yokogawa Electric Corporation (Japan), Rohde & Schwarz GmbH & Co KG (Germany), and Advantest Corporation (Japan) among others. All these companies have their own R&D facilities and extensive sales offices and distribution channels. The products of these companies are applicable across industries.

The Target Audience for the report includes:

  • Technology providers
  • Technology investors
  • Technology standards organizations
  • Forums, alliances, and associations
  • Manufacturing Industries
  • Government bodies
  • Venture capitalists
  • Private equity firms
  • Analysts and strategic business planners

Market covered under this report has been segmented as follows:

This research report categorizes the global test equipment market based on equipment type (general purpose test equipment and mechanical test equipment), service, application, and geography.

Global test and measurement equipment market, by General Purpose test equipment

  • Oscilloscopes
  • Signal Generators
  • Arbitrary Waveform Generators
  • Multimeters
  • Logic Analyzers
  • Spectrum Analyzers
  • BERT (Bit Error Rate Test)
  • Network Analyzers
  • Power Meters
  • Electronic Counters
  • Modular Instrumentation (VXI/PXI)
  • Automatic Test Equipment

Global test and measurement equipment market, by Mechanical test equipment

  • Non-Destructive Test Equipment
  • Machine Vision Inspection
  • Condition Monitoring

Global test and measurement equipment market, by Service

  • Calibration Services
  • Repair Service/After-Sales Services
  • Others

Global test and measurement equipment market, by Application

  • Automotive & Transportation
  • Aerospace & Defense
  • Telecommunication
  • Education and Government
  • Semiconductor and Electronics
  • Industrial
  • Healthcare (Medical)

Global test and measurement equipment market, by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Spain
    • Italy
    • France
    • U.K.
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • Japan
    • China
    • India
    • Taiwan
    • Rest of Asia-Pacific
  • RoW
  • Africa
  • Middle East
  • South America

Available Customizations:

The available customizations for the report offer further country-wise breakdown for all applications. The following customization options are available for the report.

Geographical Analysis:

  • Comprehensive coverage of regulations followed in each region (North America, APAC, Europe, RoW)

Company Information:

  • Detailed analysis and profiling of additional players (up to five)

Table of Contents

1 Introduction (Page No. - 8)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Global Test and Measurement Equipment Market, By Product Type
           1.3.3 Global Test Equipment Market, By Geography
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 13)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary  (Page No. - 22)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in the Test and Measurement Equipment Market
    4.2 Test and Measurement Market, By Equipment Type
    4.3 Test and Measurement Market, By Application and Region
    4.4 Regional Analysis of the Test Equipment Market
    4.5 Lifecycle Cycle Analysis, By Geography

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Test and Measurement Equipment Market, By Product Type
           5.2.2 Market, By Service
           5.2.3 Market, By Application
           5.2.4 Market , By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Demand for Electronics Products That is Giving Rise to the Need for Testing and Measurement Equipment
                    5.3.1.2 Increased Investments in R&D
                    5.3.1.3 Technological Advancement in Network and Communication
                    5.3.1.4 Increased Manufacturing Activity in Developing Countries
           5.3.2 Restraints
                    5.3.2.1 Complexity in Design and Development of New Products Owing to Constant Technological Changes
              5.3.3 Opportunities
                    5.3.3.1 Rising Demand in the Network and Communication Sector for  Data Traffic Inspection
                    5.3.3.2 Demand for Test and Measurement Equipment Rental Services
           5.3.4 Challenges
                    5.3.4.1 Constant New Product Releases in the Market Creates Stiff Competition in the Market

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of New Entrants
           6.3.4 Threat of Substitutes
           6.3.5 Intensity of Competitive Rivalry

7 Test and Measurement Equipment Market, By Equipment Type (Page No. - 51)
    7.1 Introduction
    7.2 General Purpose Test Equipment
           7.2.1 Introduction
           7.2.2 Oscilloscope
                    7.2.2.1 Oscilloscope is an Indispensable Tool for Designing, Testing, Or Repairing Digital Or Electronic Equipment
           7.2.3 Signal Generator
                    7.2.3.1 Signal Generators are Important for Producing Different Test Signals Which Paly Crucial Role in Design Successfully Develop Prototype and Overall System
                    7.2.3.2 Arbitrary Waveform Generator (AWG)
           7.2.4 Digital Multimeter
                    7.2.4.1 Digital Multimeters Widely Used Because of Key Features Such as High Accuracy, High Input Impedance, and Input Protection
           7.2.5 Logic Analyzer
                    7.2.5.1 Logic Analyzer—An Excellent Tool for Verifying and Debugging Digital Designs
           7.2.6 Spectrum Analyzer
                    7.2.6.1 Powerful Measurement and Analysis Capabilities of Spectrum Analyzers Enable Design Engineers to Realize and Complete Understanding of Their Device Or System Under Test
           7.2.7 Bit Error Rate Test (BERT)
                    7.2.7.1 BERT Used to Measure the Quality of Signal Transmission
           7.2.8 Network Analyzer
                    7.2.8.1 Network Analyzers—Tools Used for Analysis of Network Circuits
           7.2.9 Power Meter
                    7.2.9.1 Power Meters Crucial in Designing of Communication Circuits
           7.2.10 Electronic Counter
                    7.2.10.1 Electronic Counters—Measure the Frequency of an Input Signal
           7.2.11 Modular Instrumentation (PXI/VXI-Based Instruments)
                    7.2.11.1 Modular Instrumentation Applied to Overcome the Increasing Device Complexity
           7.2.12 Automatic Test Equipment
                    7.2.12.1 Automated Test Equipment Used for Testing the Product Quality
    7.3 Mechanical Test Equipmennt
           7.3.1 Introduction
           7.3.2 Non-Destructive Test Equipment and Services
                    7.3.2.1 Non-Destructive Test Equipment Used in Several Manufacturing Fabrication  Applications to Ensure Quality
           7.3.3 Machine Vision Inspection
                    7.3.3.1 Machine Vision Inspection Used in Almost All Manufacturing Industries
           7.3.4 Machine Condition Monitoring
                    7.3.4.1 Condition Monitoring, A Method Used According to the Actual Condition of A Machine

8 Test and Measurement Equipment Market, By Service (Page No. - 87)
    8.1 Introduction
    8.2 Calibration Services
    8.3 Repair Services/After-Sales Services
    8.4 Other Services

9 Test and Measurement Equipment Market, By Application (Page No. - 92)
    9.1 Introduction
    9.2 Automotive & Transportation
    9.3 Aerospace & Defense
    9.4 Telecommunication
    9.5 Education and Government
    9.6 Semiconductor and Electronics
    9.7 Industrial
    9.8 Healthcare (Medical)

10 Test and Measurement Equipment Market By Geographic Analysis (Page No. - 108)
     10.1 Introduction
     10.2 North America
             10.2.1 North America Was the Largest  Market in 2015
             10.2.2 U.S.
                        10.2.2.1 Defense Application to Drive the Market in the U.S.
             10.2.3 Canada
                        10.2.3.1 Network Testing Driving the Test and Measurement Market in Canada
             10.2.4 Mexico
                        10.2.4.1 Growth Opportunity in the Transportation Sector
     10.3 Europe
             10.3.1 European Test and Measurement Equipment Market is Driven By Increasing Adoption of Calibration Services
             10.3.2 Germany
                        10.3.2.1 Demand for Test Equipment in the Machine Vision Market Acts as an Opportunity
             10.3.3 Spain
                        10.3.3.1 Growth Opportunity for the Market in Aerospace
             10.3.4 Italy
                        10.3.4.1 Growth Driven By the Increasing Communication & Networking Application
             10.3.5 France
                        10.3.5.1 Increasing Concern for Public Security Further Driving the Need for Test and Measurement Equipment in Aerospace and Defense
             10.3.6 U.K.
                        10.3.6.1 Significant Demand for Semiconductor Devices to Drive the Market in the U.K.
             10.3.7 Netherlands
                        10.3.7.1 Netherlands Witnessing Growth Owing to the Well-Placed Semiconductor Industry
             10.3.8 Rest of Europe
     10.4 Asia–Pacific
             10.4.1 Continuous Upgrading of Nextgeneration Telecommunication Standards Expected to Enhance the Overall Market in APAC
             10.4.2 Australia
                        10.4.2.1 Next Generation Telecommunication Standards Act as an Opportunity for Market Growth
             10.4.3 Japan
                        10.4.3.1 Semiconductor and Electronics Application to Drive the Japanese Test Market
             10.4.4 China
                        10.4.4.1 One of the Largest Markets for Test and Measurement Equipment
             10.4.5 India
                        10.4.5.1 Increasing R&D Investments in Technology-Oriented Products Acting as an Opportunity for Indian Test and Measurement Equipment Market
             10.4.6 Taiwan
                        10.4.6.1 Communication and Networking Application to Drive the Market
             10.4.7 Rest of Asia-Pacific
     10.5 Rest of the World (RoW)
             10.5.1 A Developing Market for Test and Measurement Equipment
             10.5.2 Africa
                        10.5.2.1 Ongoing Urbanization to Drive the Equipment Market in Africa
             10.5.3 Middle East
                        10.5.3.1 Growing Demand for Wireless Testing Products to Be an Opportunity for the Market
             10.5.4 South America
                        10.5.4.1 Increasing Adoption of Wireless Communication and Networking Driving the Market in South America

11 Competitive Landscape (Page No. - 132)
     11.1 Overview
     11.2 Market Ranking Analysis
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches 2014–2016
             11.3.2 Partnerships and Collaborations 2015–2016
             11.3.3 Agreements 2016–2015

12 Company Profiles (Page No. - 145)
     12.1 Introduction
     12.2 Yokogawa Electric Corporation
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Recent Developments
             12.2.4 MnM View
                        12.2.4.1 SWOT Analysis
     12.3 Keysight Technologies, Inc.
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 Recent Developments
             12.3.4 MnM View
                        12.3.4.1 SWOT Analysis
     12.4 Rohde & Schwarz GmbH & Co Kg
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 Recent Developments
             12.4.4 MnM View
     12.5 Vaivi Solution, Inc.
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments
             12.5.4 MnM View
                        12.5.4.1 SWOT Analysis
     12.6 Advantest Corporation
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Recent Developments
             12.6.4 MnM View
                        12.6.4.1 SWOT Analysis
     12.7 National Instruments
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments
             12.7.4 MnM View
                        12.7.4.1 SWOT Analysis
     12.8 Anritsu Corporation
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments
             12.8.4 MnM View
                        12.8.4.1 SWOT Analysis
     12.9 EXFO   Inc.
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments
             12.9.4 MnM View
                        12.9.4.1 SWOT Analysis
     12.10 Texas Instruments, Inc.
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Developments
             12.10.4 MnM View
     12.11 Tektronix, Inc.
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 Recent Developments
     12.12 Fluke Corporation
             12.12.1 Business Overview
             12.12.2 Products Offered
             12.12.3 Recent Developments
Appendix
     12.13 Insights of Industry Experts
     12.14 Introducing RT: Real Time Market Intelligence
     12.15 Available Customizations
     12.16 Related Reports


List of Tables (75 Tables)

Table 1 Assumptions of the Research Study
Table 2 Test and Measurement Equipment Market Capitalizes on Technological Advancement in the Networking and Communication Sector
Table 3 Rapid Technological Change Would Require Constant Upgrading of Equipment
Table 4 Favorable Government Policies and Expansion By Global Players in Emerging Economies Such as India and Chinato Create Opportunities in the Market
Table 5 Constant New Product Release in the Market Makes Stiff Competition in the Market
Table 6 Porter’s Five Forces Analysis: Market
Table 7 Test and Measurement Equipment Market, 2013–2022 (USD Million )
Table 8 Market, By Equipment Type, 2013–2022 (USD Million )
Table 9 Test and Measurement Equipment Market for Equipment Types, By Region, 2013–2022 (USD Million)
Table 10 Market, By General Purpose Test Equipment, 2013–2022 (USD Million )
Table 11 Test and Measurement Equipment Market for General Purpose Test Equipment, By Region, 2013–2022 (USD Million)
Table 12 Market for Oscilloscopes, By Application, 2013–2022 (USD Million )
Table 13 Market for Oscilloscopes, By Region, 2013–2022 (USD Million)
Table 14 Market for Signal Generators, By Application, 2013–2022 (USD Million )
Table 15 Market for Signal Generators, By Region, 2013–2022 (USD Million)
Table 16 Market for Multimeters, By Application, 2013–2022 (USD Million )
Table 17 Market for Multimeters, By Region, 2013–2022 (USD Million)
Table 18 Market for Logic Analyzers, By Application, 2013–2022 (USD Million )
Table 19 Market for Logic Analyzers, By Region, 2013–2022 (USD Million)
Table 20 Market for Spectrum Analyzers, By Application, 2013–2022 (USD Million )
Table 21 Market for Spectrum Analyzers, By Region, 2013–2022 (USD Million)
Table 22 Market for BERTs (Bit Error Rate Testers) , By Application, 2013–2022 (USD Million )
Table 23 Market for BERTs (Bit Error Rate Tester), By Region, 2013–2022 (USD Million)
Table 24 Market for Network Analyzers, By Application, 2013–2022 (USD Million )
Table 25 Test and Measurement Equipment Market for Network Analyzers, By Region, 2013–2022 (USD Million)
Table 26 Market for Power Meters, By Application, 2013–2022 (USD Million )
Table 27 Market for Power Meters, By Region, 2013–2022 (USD Million)
Table 28 Market for Electronic Counters Market, By Application, 2013–2022 (USD Million )
Table 29 Market for Electronic Counters, By Region, 2013–2022 (USD Million)
Table 30 Market for Modular Instrumentation (VXI/PXI-Based Equipment), By Application, 2013–2022 (USD Million )
Table 31 Market for Modular Instrumentation (VXI/PXI-Based Equipment), By Regon, 2013–2022 (USD Million)
Table 32 Market for Automated Test Equipment (ATE), By Application, 2013–2022 (USD Million )
Table 33 Market for Automated Test Equipment (ATE), By Region, 2013–2022 (USD Million)
Table 34 Market for General Purpose Test, By Application, 2013–2022 (USD Million )
Table 35 Market, By Mechanical Test Equipment, 2013–2022 (USD Million )
Table 36 Market for Non-Destructive Test Equipment , By Application, 2013–2022 (USD Million )
Table 37 Market for Non-Destructive Test Equipment, By Region, 2013–2022 (USD Million)
Table 38 Market for Machine Vision Inspection, By Application, 2013–2022 (USD Million )
Table 39 Market for Machine Vision Inspection, By Region, 2013–2022 (USD Million)
Table 40 Market for Machine Condition Monitoring, By Application, 2013–2022 (USD Million )
Table 41 Market for Mechanical Test, By Application, 2013–2022 (USD Million )
Table 42 Market for Mechanical Test Equipment , By Region, 2013–2022 (USD Million)
Table 43 Market for Machine Condition Monitoring, By Region, 2013–2022 (USD Million)
Table 44 Market, By Service, 2013–2022(USD Million)
Table 45 Market for Services, By Application, 2013–2022 (USD Million )
Table 46 Market for Services, By Region, 2013–2022 (USD Million )
Table 47 Market, By Application, 2013–2022 (USD Million )
Table 48 Market for Automotive & Transportation Application, By General Purpose Test Equipment , 2013–2022 (USD Million )
Table 49 Test and Measurement Equipment Market for Automotive & Transportation Application , By Mechanical Test Equipment , 2013–2022 (USD Million )
Table 50 Market for Aerospace & Defense Application, By General Purpose Test Equipment, 2013–2022 (USD Million )
Table 51 Market for Aerospace & Defense Application, By Mechanical Test Equipment, 2013–2022 (USD Million )
Table 52 Market for Telecommunication Application, By General Purpose Test Equipment, 2013–2022 (USD Million )
Table 53 Teat and Measurement Equipment Market for Education and Governmentapplication, By General Purpose Test Equipment, 2013–2022 (USD Million )
Table 54 Market for Semiconductor and Electronics Application By General Purpose Test Equipment, 2013–2022 (USD Million )
Table 55 Test and Measurement Equipment Market for Industrial Application , By General Purpose Test Equipment, 2013–2022 (USD Million )
Table 56 Market for Industrial Application, By Mechanical Test Equipment, 2013–2022 (USD Million )
Table 57 Market for Healthcare (Medical) Application, By General Purpose Test Equipment, 2013–2022 (USD Million )
Table 58 Market for Healthcare (Medical) Application, By Mechanical Test Equipment, 2013–2022 (USD Million )
Table 59 Market, By Region, 2013–2022 (USD Million)
Table 60 Market in North America, By Equipment Type, 2013–2022 (USD Million)
Table 61 Test and Measurement Equipment Market in North America, By General Purpose Test Equipment , 2013–2022 (USD Million)
Table 62 Market in North America, By Mechanical Test Equipment , 2013–2022 (USD Million)
Table 63 Market in Europe, By Equipment Type, 2013–2022 (USD Million)
Table 64 Market in Europe, By General Purpose Test Equipment , 2013–2022 (USD Million)
Table 65 Market in Europe, By Mechanical Test Equipment , 2013–2022 (USD Million)
Table 66 TeMarket in APAC, By Equipment Type, 2013–2022 (USD Million)
Table 67 Market in APAC, By General Purpose Test Equipment , 2013–2022 (USD Million)
Table 68 Market in APAC, By Mechanical Test Equipment , 2013–2022 (USD Million)
Table 69 Market in RoW, By Equipment Type, 2013–2022 (USD Million)
Table 70 Test and Measurement Equipment Market in RoW, By General Purpose Test Equipment , 2013–2022 (USD Million)
Table 71 Market in RoW, By Mechanical Test Equipment , 2013–2022 (USD Million)
Table 72 Market Ranking of the Top 5 Players in the Market
Table 73 New Product Devlopment
Table 74 Partnerships and Collaborations
Table 75 Agreements


List of Figures (57 Figures)

Figure 1 Test and Measurement Equipment Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market: Bottom-Up Approach
Figure 4 Market: Top-Down Approach
Figure 5 Data Triangulation Method
Figure 6 Industrial Application to Hold the Largest Market Share During the Forecast Period
Figure 7 North America Held the Largest Share of the Overall Test and Measurement Equipment Market in 2015
Figure 8 Healthcare to Exhibit Highest Growth in the Market During the Forecast Period
Figure 9 Market in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 Market Expected to Grow at A High CAGR During the Forecast Period
Figure 11 Market for Modular Instrumentation (VXI/PXI-Based Equipment) to Grow at the Higest CAGR During the Forecast Period
Figure 12 Industrial Application Held the Largest Market Share in 2016
Figure 13 North America to Hold the Largest Market Share in 2016
Figure 14 Market in Growth Stage in North America, Europe, and APAC
Figure 15 Market, By Service
Figure 16 Market , By Application
Figure 17 Market , By Geography
Figure 18 Rising Demand for Electronics Products Giving Rise to the Need for Testing and Measurement Equipment
Figure 19 Value Chain Analysis of the Market
Figure 20 Porter’s Five Forces Analysis (2015)
Figure 21 Porter’s Five Forces Analysis: Intensity of Competitive Rivalry and Bargaining Power of Buyers Expected to Have A High Impact on the Market
Figure 22 Bargaining Power of Suppliers has A Medium Impact on the Market
Figure 23 Bargaining Power of Buyers
Figure 24 Threat of New Entrants is Medium in the Market
Figure 25 Threat of Substitutes is Low in the Market
Figure 26 Degree of Competition is High in the Market
Figure 27 Market, By Product Type
Figure 28 Equipment Used for General Purpose Testing Equipment
Figure 29 Various Mechanical Tests
Figure 30 Market, By Service
Figure 31 Market, By Application
Figure 32 Geographic Snapshot: APAC to Emerge as A Key Growth Region for the Market During the Forecast Period
Figure 33 Market, By Geography
Figure 34 North America: Market Snapshot
Figure 35 Europe: Market Snapshot
Figure 36 Asia-Pacific: Market Snapshot
Figure 37 Companies Mostly Adopted New Product Launches, New Product Developments, Collaboration, and Partnerships as Key Growth Strategies Between 2014 and 2016
Figure 38 Geographic Revenue Mix of the Top 5 Players
Figure 39 Yokogawa Electric Corporation: Company Snapshot
Figure 40 Yokogawa Electric Corporation: SWOT Analysis
Figure 41 Keysight Technologies, Inc.: Company Snapshot
Figure 42 Keysight Technologies: SWOT Analysis
Figure 43 Rohde & Schwarz GmbH & Co Kg: Company Snapshot
Figure 44 SWOT Analysis: Rohde & Schwarz GmbH & Co Kg
Figure 45 Vaivi Solution, Inc.: Company Snapshot
Figure 46 Viavi Solutions, Inc. : SWOT Analysis
Figure 47 Advantest Corporation.: Company Snapshot
Figure 48 Advantest Corporation: SWOT Analysis
Figure 49 National Instruments: Company Snapshot
Figure 50 National Instruments: SWOT Analysis
Figure 51 Anritsu Corporation: Company Snapshot
Figure 52 Anritsu Corporation: SWOT Analysis
Figure 53 EXFO Inc.: Company Snapshot
Figure 54 EXFO Inc.: SWOT Analysis
Figure 55 Texas Instruments, Inc.: Company Snapshot
Figure 56 Tektronix, Inc.: Company Snapshot
Figure 57 Fluke Corporation: Company Snapshot

The test and measurement equipment market is estimated to exhibit high growth potential till 2022. The total market is expected to reach USD 35.45 Billion by 2022 from USD 22.12 Billion in 2015, at a CAGR of 6.8% between 2016 and 2022. The major driving factors for the growth of the test equipment market are the rising demand for electronics products that is giving increasing the need for testing and measurement equipment, increased investments in R&D, technological advancement in networking and communication, and favorable government policies in emerging economies.

This report covers the test equipment market on the basis of equipment type, service, application, and geography. The industrial application is the largest market for test and measurement equipment. Various test and measurement equipment are used at different stages of the product life cycle such as R&D, designing, manufacturing and so on. In each of these stages, test and measurement equipment play a crucial role. In services, the market for calibration services would be the largest.

In general purpose test equipment type, the market for modular instrumentation (VXI/PXI-based equipment) is expected to grow at the highest CAGR during the forecast period as this is an advanced instrumentation platform, wherein engineers can test an entire system with the help of software and hardware integrated in this instrumentation. In case of mechanical test equipment type, the market for non-destructive test equipment is expected to grow at the highest CAGR during the forecast period.

APAC is expected not only to grow at the highest CAGR but also hold a large market share during the forecast period. Increased research and development in the field of testing and measurement and the rising demand from emerging economies such as India and China would boost the market growth. Favorable government policies for manufacturing industries and the presence of major players in APAC would further strengthen the market potential in APAC.

Test and Measurement Equipment Market

Due to ongoing technological development in the telecommunication sector, the designing and development of new equipment for test and measurement becomes challenging.

The major players in this market include Tektronix, Inc. (U.S.)  Rohde & Schwarz (Germany), Fluke Corporation (U.S.), Anritsu Corporation (Japan), Agilent Technologies (U.S.), Yokogawa Electric Corporation (Japan), National Instruments (U.S.), Texas Instruments, Inc. (U.S.), Keysight Technologies (U.S.), EXFO Inc. (Canada),and Advantest Corporation (Japan), Vaivi Solution, Inc. (US), and Texas Instruments Inc. (U.S.) among others. These players adopted various strategies such as new product developments, partnerships, collaborations, and business expansions to cater to the needs of this market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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