Test and Measurement Equipment Market

Test and Measurement Equipment Market with COVID-19 Impact Analysis by Product Type (GPTE and MTE), Service Type (Calibration Services, Repair Services/After-sales Services), Verticals, and Region(APAC, Europe, North America) - Global Forecast to 2026

Report Code: SE 4415 Apr, 2021, by marketsandmarkets.com

[252 Pages Report] The test and measurement equipment market is expected to grow at a CAGR of 3.7 %, from USD 27.7 billion in 2021 to USD 33.3 billion in 2026. The primary reasons for this rise in demand for test and measurement products in healthcare and IT & telecommunications industry.

Test and Measurement Equipment Market

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COVID-19 impact on global Test and measurement equipment market, by end-user industry type, in 2020

The adoption of Test and measurement equipment for testing applications is high in healthcare & pharmaceuticals, biological research, and food & beverages end-user industries. Stringent government regulations and increased demand for quality maintenance in these industries drive the adoption of Test and measurement equipment. However, the outbreak and the spread of the COVID-19 have led to a decrease in demand for several products. Moreover, manufacturing plants in a number of countries have been shut down to contain the spread of the virus. The spread of COVID-19 led to the increased production of medicines and other medical equipment. This has increased the demand for Test and measurement equipment in the healthcare & pharmaceuticals end-use industry, leading to surged demand for Test and measurement equipment products and solutions.

Test and measurement equipment Market Dynamics

Driver: Growing adoption of electronic devices

Test and measurement equipment authenticate the performance of electronic devices. Testing helps identify components that undergo timely degradation due to the device’s exposure to external turbulences such as shocks, heats, vibrations, and fluctuating environmental conditions. This analysis further helps anticipate equipment failure and perform calibration before any substantial damage. In other words, test and measurement instruments help improve the shelf life, performance, accuracy, and efficiency of devices. 

The use of semiconductor devices is rapidly increasing. Original equipment manufacturers (OEMs), designers, and engineers are focusing on designing cutting-edge semiconductor devices having exceptional features such as robotics and different types of sensors. Such devices are in demand from several verticals, including consumer electronics. With the escalated demand for consumer electronic products, such as flat-screen TVs, refrigerators, washing machines, smartwatches, mobile phones, and air conditioners, it has become necessary to produce them in large quantities. According to the statistics shared by the National Investment Promotion & Facilitation Agency (INVEST INDIA), the global electronics market is estimated to be over USD 2 trillion in the next 10 years (by 2030). It has also stated that the Indian electronics market was valued at USD 120 billion in 2018–19, and the country’s share in global electronics manufacturing grew from 1.3% in 2012 to 3% in 2018.

Restraint: High installations and ownerships costs, along with requirement for skilled professionals

Different types of equipment are required for carrying out different types of tests and measurement tasks. The costs involved in the installation of testing and measurement equipment and the establishment of testing facilities are high. Moreover, expert professionals are required to operate testing and measurement equipment and perform tests in accordance with the regulations and directives applicable to devices being tested. Many medium-sized and small companies have a lower budget. They cannot afford to spend so much capital on installations and maintenance of test and measurement equipment and hiring professionals who demand high remuneration.

End users of test and measurement equipment are highly price-conscious. They demand low-cost test and measurement equipment but not ready to compromise on the quality of devices and their additional features. This leads to increased pressure on the manufacturers of testing and measurement devices to lower their costs.

Opportunity: Penetration IoT devices

In the past five years, a tremendous change has been observed in internet penetration globally. The emergence of the Internet of Things (IoT) and smart applications platform is an important factor for the overall growth of the semiconductor industry. Presently, almost one-third of the world population uses high-bandwidth internet. This has ultimately resulted in an increase in the number of internet-enabled smart devices in emerging economies such as China, India, and Thailand. Variations in wireless local area network (WLAN), Bluetooth, ZigBee, and other wireless technologies drive the growth of the test and measurement equipment market as devices based on these technologies need to be tested to ensure that they can communicate and interoperate seamlessly.

IoT is defined as a huge network of operating electronic devices both wired and wireless. This network may comprise home appliances, physical devices, vehicles, and other embedded electronic devices; components such as sensors and actuators; and software solutions. A wide range of IoT-enabled connected devices are added to a network to facilitate the exchange, sharing, and interpretation of data necessary for critical applications in the automotive, healthcare, and aerospace & defense industries.

Challenge: Calibration, irregularities, and complexity issues in antennas arrays

The rising adoption of multiple-input and multiple-output (MIMO) for 5G New Radio (NR) technology is expected to lead to the increased use of test and measurement equipment for the performance evaluation of the radiation patterns of the device under test (DUT). As such, antenna arrays are used for high antenna gain from beamforming to compensate for the free space path loss occurring from high-frequency 5G systems. Beamforming is achieved when antenna arrays use several antenna components to obtain directional characteristics. It helps reduce the energy consumption of electronic devices. The antenna array calibration is carried out to meet the strict requirement of antenna array beam steering for the precise measurement of phase and amplitude differences among different antenna elements. Phase, amplitude, and frequency or timing tolerances of the DUTs are required to be calibrated. For instance, antenna arrays need to be calibrated for the frequency drift, which occurs due to the non-usage of a common local oscillator (LO) network between modules.

The market for GPTE to hold the largest share Test and measurement equipment market, by product type, in 2025

General-purpose test equipment include oscilloscopes, signal generators, digital multimeters, logic analyzers, spectrum analyzers, bit error rate tester (BERT) solutions, network analyzers, power meters, electronic counters, modular instruments, and automated test equipment (ATE), and power supplies. The characteristics of the above-mentioned type of equipment include large size, bulky displays, and slightly complicated control system and customer user interface. These characteristics are expected to change to an extent owing to the rising demand for miniature devices and the strong focus of test and measurement equipment manufacturers on integrating different types of equipment into one offering.

Most test and measurement equipment offer high bandwidth, more accuracy, and higher resolution than those in the earlier ones. Some prominent verticals in which such equipment are used include IT & telecommunications, healthcare, automotive, and industrial.

The market for the repair services/after-sales services services industry to grow at highest CAGR during the forecast period

Repair services are provided for material and workmanship defects. The purpose of repairing is similar to troubleshooting, which includes detecting and eliminating faults present in a product in various stages of the product cycle. Companies connect with their customers through toll-free numbers, online chat, or emails to provide round-the-clock technical assistance. This helps test and measurement equipment service providers to minimize their turnaround time and enhance the quality of the product under inspection.

Players in this market also offer training and development programs to their customers or end users. Training helps users better understand the technical and operational aspects to be able to reduce the error rate. For instance, Yokogawa Electric provides training programs on basic aspects and application, control technologies, and maintenance. Rohde & Schwarz offers services such as repair, warranty extension, repair packages, express repair, and spare parts under its repair services.

North America to hold the largest share of test and measurement equipment market in 2020

The market in this region is expected to be driven by the growing demand from the healthcare, and IT and telecommunications sectors. With advancements in autonomous driving technology and recent Internet of Things (IoT) technology trends, there is a need for improved bandwidth and latency reduction, which can be easily achieved through 5G. The US is one of the active participants in the league for commercializing the 5G network throughout the country.

Additionally, the shift toward connected cars and intelligent transportation systems, along with increasing demand for medical devices in the wake of COVID-19, is expected to drive the test and measurement equipment market in the region. Also, the significant presence of major companies offering test and measurement devices in this region and the high demand for test and measurement applications for different applications in the healthcare and telecom verticals fuel market growth in North America.

North America is home to many tier 1 companies in the test and measurement equipment market, including National Instruments (US), Fortive (US), and Keysight Technologies (US). Additionally, Teledyne LeCroy (US), B&K Precision (US), and Stanford Research Systems (US) are among a few private companies in the North American test and measurement equipment market.

Test and Measurement Equipment Market by Region

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Scope of Report

Report Metric

Details

Market size available for years

2017–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

USD

Segments covered

By product type, by services type and by verticals

Geographies covered

Asia Pacific, Europe, North America

Companies covered

Fortive, Keysight technologies, Anritsu

This research report categorizes the Test and Measurement equipment market based on offering, end-use application, and region.

Test and Measurement Equipment Market, By Services

  • Calibration Services
  • Repair Services/ after-sales Services

Test and Measurement Equipment Market, By Product Type

  • General Purpose Test Equipment
  • Mechanical Test Equipment

Test and Measurement Equipment Market, By Verticals

  • Healthcare
  • Electronics & Semiconductor
  • IT & telecommunications
  • Aerospace & defense
  • Automobile & transportation
  • Education & government

Test and Measurement Equipment Market, By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Singapore
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East and Africa (MEA)
    • South America

Recent Developments

  • In March 2021, VIAVI Solutions introduced new fiber test and measurement solutions, expanding the industry’s most complete portfolio for fiber-optic testing. New optical power meters, fiber characterization modules, and an enhanced optical time-domain reflectometer (OTDR) solution offered by the company enable service providers, colocation and hyperscale data centers, enterprises, and contractors to reduce manufacturing costs, improve quality of services, minimize downtime, and increase revenue generation
  • In March 2021, Anritsu launched the TRX Test module, MU887002A, designed to improve the efficiency of production-line inspections of wireless communication devices based on 5G and its space-saving universal wireless test set, MT8872A.
  • In February 2021, Yogokawa launched TB820D right-angle scattered light turbidity detectors, FC800D non-reagent type free available chlorine sensor units, RC800D reagent type residual chlorine sensor units, FLXA402T liquid analyzers for turbidity and chlorine, and PG400 pulse generators for clean units as a part of its OpreX analyzer lineup for use in water treatment facilities.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 33)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 INCLUSIONS AND EXCLUSIONS
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
        TABLE 1 CURRENCY CONVERSION RATES
    1.5 PACKAGE SIZE
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
        FIGURE 1 TEST AND MEASUREMENT EQUIPMENT MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
                    2.1.3.2 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
        FIGURE 2 PROCESS FLOW
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for estimating market size by bottom-up analysis (demand side)
                            FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for estimating market size by top-down analysis (supply side)
                            FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                    2.2.2.2 Demand- and supply-side approach analyses
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 47)
  FIGURE 7 TEST AND MEASUREMENT EQUIPMENT MARKET: PRE- AND POST-COVID-19 SCENARIO ANALYSIS, 2017–2026 (USD BILLION)
    3.1 REALISTIC SCENARIO (POST-COVID-19)
    3.2 OPTIMISTIC SCENARIO (POST-COVID-19)
    3.3 PESSIMISTIC SCENARIO (POST-COVID-19)
        FIGURE 8 AUTOMATED TEST EQUIPMENT MARKET, BY REGION, 2021 VS. 2026 (USD MILLION)
        FIGURE 9 AUTOMATED TEST EQUIPMENT TO HOLD LARGEST SIZE OF  GPTE MARKET IN 2026
        FIGURE 10 CALIBRATION SERVICES TO HOLD LARGEST SIZE OF MARKET IN 2021
        FIGURE 11 MECHANICAL TEST EQUIPMENT TO HOLD LARGER MARKET SIZE COMPARED TO GENERAL-PURPOSE TEST EQUIPMENT FOR INDUSTRIAL SECTOR IN 2021
        FIGURE 12 MARKET IN NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHT (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES IN TEST AND MEASUREMENT EQUIPMENT MARKET
        FIGURE 13 APAC REGION TO OFFER ATTRACTIVE GROWTH OPPORTUNITIES FOR TEST AND MEASUREMENT MARKET
    4.2 MARKET, BY PRODUCT TYPE
        FIGURE 14 GENERAL-PURPOSE TEST EQUIPMENT TO HOLD LARGER MARKET SIZE THAN MECHANICAL TEST EQUIPMENT FROM 2021 TO 2026
    4.3 GENERAL-PURPOSE TEST EQUIPMENT MARKET FOR OSCILLOSCOPES, BY REGION
        FIGURE 15 MARKET FOR OSCILLOSCOPES IN NORTH AMERICA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
    4.4 MARKET, BY VERTICAL
        FIGURE 16 INDUSTRIAL VERTICAL TO HOLD LARGEST SIZE OF MARKET DURING FORECAST PERIOD
    4.5 TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE
        FIGURE 17 APAC ACCOUNTED FOR LARGEST SHARE OF MARKET FOR CALIBRATION SERVICES IN 2020
    4.6 TEST AND MEASUREMENT EQUIPMENT MARKET FOR NETWORK ANALYZERS, BY REGION
        FIGURE 18 NORTH AMERICA TO WITNESS HIGHEST CAGR IN MARKET FOR NETWORK ANALYZERS DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 19 MARKET DYNAMICS: OVERVIEW
           5.2.1 DRIVERS
                 FIGURE 20 IMPACT ANALYSIS OF DRIVERS ON TEST AND MEASUREMENT EQUIPMENT MARKET
                    5.2.1.1 Growing adoption of electronic devices
                    5.2.1.2 Increasing demand for modular instruments by product designers and manufacturers
                    5.2.1.3 Surging deployment of advanced networking and communication technologies
                    5.2.1.4 Rising demand for high-performance and power-efficient electronic devices
           5.2.2 RESTRAINTS
                 FIGURE 21 IMPACT ANALYSIS OF RESTRAINTS ON MARKET
                    5.2.2.1 High installation and ownership costs, along with requirement for skilled professionals
                    5.2.2.2 Strong inclination of customers toward adoption of test and measurement equipment on rental basis
           5.2.3 OPPORTUNITIES
                 FIGURE 22 IMPACT ANALYSIS OF OPPORTUNITIES ON MARKET
                    5.2.3.1 Advent of 5G technology and deployment of LTE and LTE-Advanced (4G) networks
                    5.2.3.2 Penetration of IoT devices
                            FIGURE 23 GROWTH IN SHIPMENT OF IOT DEVICES, 2018–2030 (BILLION UNITS)
           5.2.4 CHALLENGES
                 FIGURE 24 IMPACT ANALYSIS OF CHALLENGES ON TEST AND MEASUREMENT EQUIPMENT MARKET
                    5.2.4.1 Difficulties faced by vendors in keeping up with constantly changing technologies
                    5.2.4.2 Calibration, irregularity, and complexity issues in antenna arrays
    5.3 YCC DRIVERS
        FIGURE 25 YCC DRIVERS: ACQUISITION OF SANJOLE BY KEYSIGHTS TECHNOLOGY IN TEST AND MEASUREMENT EQUIPMENT MARKET

6 INDUSTRY TRENDS (Page No. - 68)
    6.1 VALUE CHAIN ANALYSIS
        FIGURE 26 TEST AND MEASUREMENT EQUIPMENT VALUE CHAIN
           6.1.1 RESEARCH AND DEVELOPMENT ENGINEERS
           6.1.2 MANUFACTURERS AND SYSTEM INTEGRATORS
           6.1.3 DISTRIBUTORS AND END-USER INDUSTRIES
           6.1.4 POST-SALES SERVICE PROVIDERS
    6.2 KEY INDUSTRY TRENDS
        FIGURE 27 LEADING TRENDS IN MARKET
           6.2.1 COMMERCIALIZATION OF IOT TECHNOLOGY
           6.2.2 INCLINATION TOWARD ADOPTION OF TEST AND MEASUREMENT EQUIPMENT ON RENTAL BASIS
           6.2.3 TREND OF MODULAR TEST INSTRUMENTS
           6.2.4 EMERGENCE OF 5G NETWORK
    6.3 AVERAGE SELLING PRICE (ASP) TRENDS
        FIGURE 28 AVERAGE SELLING PRICE OF GENERAL-PURPOSE TEST EQUIPMENT (USD)
    6.4 TEST AND MEASUREMENT EQUIPMENT MARKET: PATENT ANALYSIS
        FIGURE 29 NUMBER OF PATENTS FOR TEST AND MEASUREMENT EQUIPMENT FROM 2010 TO 2021
        TABLE 2 TOP 10 PATENT OWNERS FOR TEST AND MEASUREMENT EQUIPMENT
    6.5 IMPORT AND EXPORT DATA
        FIGURE 30 COUNTRY-WISE EXPORT DATA FOR OSCILLOSCOPES, SPECTRUM ANALYZERS, AND APPARATUS FOR MEASURING OR CHECKING ELECTRICAL QUANTITIES, HS CODE: 9030, 2016–2019 (USD MILLION)
        FIGURE 31 COUNTRY-WISE IMPORT DATA FOR OSCILLOSCOPES, SPECTRUM ANALYZERS AND APPARATUS FOR MEASURING OR CHECKING ELECTRICAL QUANTITIES, HS CODE: 9030, 2016–2019 (USD MILLION)
        FIGURE 32 COUNTRY-WISE EXPORT DATA FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES, HS CODE: 9031, 2016–2019 (USD MILLION)
        FIGURE 33 COUNTRY-WISE IMPORT DATA FOR MEASURING OR CHECKING INSTRUMENTS, APPLIANCES, AND MACHINES, HS CODE: 9031, 2016–2019 (USD MILLION)
    6.6 TARIFF AND REGULATORY LANDSCAPE
           6.6.1 REGULATIONS PERTAINING TO ELECTRIC AND ELECTRONIC TESTING
                 TABLE 3 REGULATIONS IN US
           6.6.2 STANDARDS RELATED TO ELECTRICAL EQUIPMENT
                 TABLE 4 STANDARDS AND DESCRIPTION
    6.7 TEST AND MEASUREMENT EQUIPMENT MARKET: ECOSYSTEM MARKET MAP
        FIGURE 34 TEST AND MEASUREMENT EQUIPMENT MARKET: ECOSYSTEM
    6.8 MARKET: PORTER’S FIVE FORCES ANALYSIS
        FIGURE 35 TEST AND MEASUREMENT EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS
        FIGURE 36 MARKET: IMPACT OF FORCES ON TEST AND MEASUREMENT EQUIPMENT MARKET
        TABLE 5 TEST AND MEASUREMENT EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.8.1 THREAT OF NEW ENTRANTS
           6.8.2 THREAT OF SUBSTITUTES
           6.8.3 BARGAINING POWER OF SUPPLIERS
           6.8.4 BARGAINING POWER OF BUYERS
           6.8.5 INTENSITY OF COMPETITIVE RIVALRY
    6.9 CASE STUDIES
           6.9.1 TBG SOLUTIONS
                 TABLE 6 TBG SOLUTIONS PROVIDED AUTOMATED TEST SYSTEM TO TEST SEAT BELT QUALITY IN LESSER TIME
           6.9.2 VIEWPOINT SYSTEMS
                 TABLE 7 VIEWPOINT SYSTEMS PROVIDED RELIABLE SENSOR SUBSYSTEM THAT ENSURED UNINTERRUPTED DATA TO CLIENT
           6.9.3 TBG SOLUTIONS
                 TABLE 8 TBG SOLUTIONS PROVIDED WITH TEST SYSTEM THAT TESTED RANGE OF LED PRODUCTS

7 TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE (Page No. - 85)
    7.1 INTRODUCTION
        FIGURE 37 MAJOR EQUIPMENT CONSIDERED UNDER TEST AND MEASUREMENT EQUIPMENT MARKET
        TABLE 9 TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
        TABLE 10 MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
        TABLE 11 MARKET FOR PRODUCT TYPES, BY VERTICAL, 2017–2020 (USD MILLION)
        TABLE 12 MARKET FOR PRODUCT TYPES, BY VERTICAL, 2021–2026 (USD MILLION)
        TABLE 13 MARKET FOR PRODUCT TYPE, BY REGION, 2017–2020 (USD MILLION)
        TABLE 14 MARKET FOR PRODUCT TYPES, BY REGION, 2021–2026 (USD MILLION)
           7.1.1 VALUE AND VOLUME DATA
                 TABLE 15 GENERAL-PURPOSE TESTING EQUIPMENT MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2020
                 TABLE 16 GENERAL-PURPOSE TESTING EQUIPMENT MARKET, IN TERMS OF VALUE AND VOLUME, 2021–2026
                 TABLE 17 GENERAL-PURPOSE TESTING EQUIPMENT MARKET, BY REGION, 2017–2020 (THOUSAND UNITS)
                 TABLE 18 GENERAL-PURPOSE TESTING EQUIPMENT MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
                 TABLE 19 MARKET FOR GPTE, BY TYPE, 2017–2020 (THOUSAND UNITS)
                 TABLE 20 MARKET FOR GPTE, BY TYPE, 2021–2026 (THOUSAND UNITS)
    7.2 GENERAL-PURPOSE TEST EQUIPMENT (GPTE)
        TABLE 21 MARKET FOR GPTE, BY TYPE, 2017–2020 (USD MILLION)
        TABLE 22 MARKET FOR GPTE, BY TYPE, 2021–2026 (USD MILLION)
        FIGURE 38 ELECTRONICS & SEMICONDUCTOR VERTICAL TO ACCOUNT FOR LARGEST SIZE OF GENERAL-PURPOSE TEST EQUIPMENT MARKET IN 2026
        TABLE 23 TEST AND MEASUREMENT EQUIPMENT MARKET FOR GPTE, BY VERTICAL, 2017–2020 (USD MILLION)
        TABLE 24 MARKET FOR GPTE, BY VERTICAL, 2021–2026 (USD MILLION)
        TABLE 25 MARKET FOR GPTE, BY REGION, 2017–2020 (USD MILLION)
        TABLE 26 MARKET FOR GPTE, BY REGION, 2021–2026 (USD MILLION)
           7.2.1 OSCILLOSCOPES
                    7.2.1.1 Wide use of oscilloscopes to carry out high-speed testing
                            TABLE 27 TEST AND MEASUREMENT EQUIPMENT MARKET FOR OSCILLOSCOPES, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 28 MARKET FOR OSCILLOSCOPES, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 29 MARKET FOR OSCILLOSCOPES, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 30 MARKET FOR OSCILLOSCOPES, BY REGION, 2021–2026 (USD MILLION)
           7.2.2 SIGNAL GENERATORS
                    7.2.2.1 Increased demand for signal generators in aerospace & defense, automotive, electronics & semiconductor, and healthcare verticals
                            TABLE 31 TEST AND MEASUREMENT EQUIPMENT MARKET FOR SIGNAL GENERATORS, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 32 MARKET FOR SIGNAL GENERATORS, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 33 MARKET FOR SIGNAL GENERATORS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 34 MARKET FOR SIGNAL GENERATORS, BY REGION, 2021–2026 (USD MILLION)
           7.2.3 MULTIMETERS
                    7.2.3.1 High adoption of multimeters owing to their high accuracy
                            TABLE 35 TEST AND MEASUREMENT EQUIPMENT MARKET FOR MULTIMETERS, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 36 MARKET FOR MULTIMETERS, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 37 MARKET FOR MULTIMETERS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 38 MARKET FOR MULTIMETERS, BY REGION, 2021–2026 (USD MILLION)
           7.2.4 LOGIC ANALYZERS
                    7.2.4.1 High usefulness of logic analyzers in debugging digital hardware and embedded software
                            TABLE 39 TEST AND MEASUREMENT EQUIPMENT MARKET FOR LOGIC ANALYZERS, BY VERTICAL, 2017–202 0 (USD THOUSAND)
                            TABLE 40 MARKET FOR LOGIC ANALYZERS, BY VERTICAL, 2021–2026 (USD THOUSAND)
                            TABLE 41 MARKET FOR LOGIC ANALYZERS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 42 MARKET FOR LOGIC ANALYZERS, BY REGION, 2021–2026 (USD MILLION)
           7.2.5 SPECTRUM ANALYZERS
                    7.2.5.1 Measurement of critical parameters for communication made easy with spectrum analyzers
                            TABLE 43 TEST AND MEASUREMENT EQUIPMENT MARKET FOR SPECTRUM ANALYZERS, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 44 MARKET FOR SPECTRUM ANALYZERS, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 45 MARKET FOR SPECTRUM ANALYZERS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 46 MARKET FOR SPECTRUM ANALYZERS, BY REGION, 2021–2026 (USD MILLION)
           7.2.6 BERT SOLUTIONS
                    7.2.6.1 High implementation of BERT solutions to test digital communication circuits
                            TABLE 47 TEST AND MEASUREMENT EQUIPMENT MARKET FOR BERT SOLUTIONS, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 48 MARKET FOR BERT SOLUTIONS, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 49 MARKET FOR BERT SOLUTIONS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 50 MARKET FOR BERT SOLUTIONS, BY REGION, 2021–2026 (USD MILLION)
           7.2.7 NETWORK ANALYZERS
                    7.2.7.1 Effective use of network analyzers in R&D and production stages
                            TABLE 51 TEST AND MEASUREMENT EQUIPMENT MARKET FOR NETWORK ANALYZERS, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 52 MARKET FOR NETWORK ANALYZERS, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 53 MARKET FOR NETWORK ANALYZERS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 54 MARKET FOR NETWORK ANALYZERS, BY REGION, 2021–2026 (USD MILLION)
           7.2.8 POWER METERS
                    7.2.8.1 Surged demand for power meters for testing output power of communication base-station transmitters, cellular telephones, residential electricity meters
                            TABLE 55 TEST AND MEASUREMENT EQUIPMENT MARKET FOR POWER METERS, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 56 MARKET FOR POWER METERS, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 57 MARKET FOR POWER METERS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 58 MARKET FOR POWER METERS, BY REGION, 2021–2026 (USD MILLION)
           7.2.9 ELECTRONIC COUNTERS
                    7.2.9.1 High adoption of electronic counters in applications such as display of batch counting, numeric positioning, and coil winds
                            TABLE 59 TEST AND MEASUREMENT EQUIPMENT MARKET FOR ELECTRONIC COUNTERS, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 60 MARKET FOR ELECTRONIC COUNTERS, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 61 MARKET FOR ELECTRONIC COUNTERS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 62 MARKET FOR ELECTRONIC COUNTERS, BY REGION, 2021–2026 (USD MILLION)
           7.2.10 MODULAR INSTRUMENTS
                    7.2.10.1 Technology convergence and device complexity drive need for modular architecture
                            TABLE 63 TEST AND MEASUREMENT EQUIPMENT MARKET FOR MODULAR INSTRUMENTATION, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 64 MARKET FOR MODULAR INSTRUMENTATION, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 65 MARKET FOR MODULAR INSTRUMENTS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 66 MARKET FOR MODULAR INSTRUMENTS, BY REGION, 2021–2026 (USD MILLION)
           7.2.11 AUTOMATED TEST EQUIPMENT (ATE)
                    7.2.11.1 High utilization of automated test equipment to reduce manufacturing time
                            TABLE 67 TEST AND MEASUREMENT EQUIPMENT MARKET FOR AUTOMATED TEST EQUIPMENT, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 68 MARKET FOR AUTOMATED TEST EQUIPMENT, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 69 MARKET FOR AUTOMATED TEST EQUIPMENT, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 70 MARKET FOR AUTOMATED TEST EQUIPMENT, BY REGION, 2021–2026 (USD MILLION)
           7.2.12 POWER SUPPLIES
                    7.2.12.1 Increased need to control a higher degree of load creating demand for power supplies
                            TABLE 71 TEST AND MEASUREMENT EQUIPMENT MARKET FOR POWER SUPPLIES, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 72 MARKET FOR POWER SUPPLIES, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 73 MARKET FOR POWER SUPPLIES, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 74 MARKET FOR POWER SUPPLIES, BY REGION, 2021–2026 (USD MILLION)
    7.3 MECHANICAL TEST EQUIPMENT (MTE)
           7.3.1 UTILIZATION OF MECHANICAL TEST EQUIPMENT TO PERFORM STRESS ANALYSIS OF PRODUCT
                 FIGURE 39 MARKET FOR NON-DESTRUCTIVE TEST EQUIPMENT PROJECTED TO GROW AT HIGHEST CAGR BETWEEN 2021 AND 2026
                 TABLE 75 TEST AND MEASUREMENT EQUIPMENT MARKET, BY MTE TYPE, 2017–2020 (USD MILLION)
                 TABLE 76 MARKET, BY MTE TYPE, 2021–2026 (USD MILLION)
                 TABLE 77 MARKET FOR MTE, BY VERTICAL, 2017–2020 (USD MILLION)
                 TABLE 78 MARKET FOR MTE, BY VERTICAL, 2021–2026 (USD MILLION)
                 TABLE 79 MARKET FOR MTE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 80 TEST AND MEASUREMENT EQUIPMENT MARKET FOR MTE, BY REGION, 2021–2026 (USD MILLION)
           7.3.2 NON-DESTRUCTIVE TEST EQUIPMENT
                    7.3.2.1 Non-destructive testing market is in maturity stage
                            TABLE 81 TEST AND MEASUREMENT EQUIPMENT MARKET FOR NON-DESTRUCTIVE TEST EQUIPMENT, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 82 MARKET FOR NON-DESTRUCTIVE TEST EQUIPMENT, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 83 MARKET FOR NON-DESTRUCTIVE TEST EQUIPMENT, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 84 MARKET FOR NON-DESTRUCTIVE TEST EQUIPMENT, BY REGION, 2021–2026 (USD MILLION)
           7.3.3 MACHINE VISION INSPECTION SYSTEMS
                    7.3.3.1 Machine vision is key technology in area of manufacturing and quality control
                            TABLE 85 TEST AND MEASUREMENT EQUIPMENT MARKET FOR MACHINE VISION INSPECTION SYSTEMS, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 86 MARKET FOR MACHINE VISION INSPECTION SYSTEMS, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 87 MARKET FOR MACHINE VISION INSPECTION SYSTEMS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 88 MARKET FOR MACHINE VISION INSPECTION SYSTEMS, BY REGION, 2021–2026 (USD MILLION)
           7.3.4 MACHINE CONDITION MONITORING SYSTEMS
                    7.3.4.1 Machine condition monitoring system is essential part of predictive maintenance program
                            TABLE 89 TEST AND MEASUREMENT EQUIPMENT MARKET FOR MACHINE CONDITION MONITORING SYSTEMS, BY VERTICAL, 2017–2020 (USD MILLION)
                            TABLE 90 MARKET FOR MACHINE CONDITION MONITORING SYSTEMS, BY VERTICAL, 2021–2026 (USD MILLION)
                            TABLE 91 MARKET FOR MACHINE CONDITION MONITORING SYSTEMS, BY REGION, 2017–2020 (USD MILLION)
                            TABLE 92 MARKET FOR MACHINE CONDITION MONITORING SYSTEMS, BY REGION, 2021–2026 (USD MILLION)

8 TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE (Page No. - 130)
    8.1 INTRODUCTION
        FIGURE 40 TEST AND MEASUREMENT MARKET, BY SERVICE TYPE
        TABLE 93 TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2017–2020 (USD MILLION)
        TABLE 94 MARKET, BY SERVICE TYPE, 2021–2026 (USD MILLION)
        TABLE 95 MARKET FOR SERVICES, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 96 MARKET FOR SERVICES, BY APPLICATION, 2021–2026 (USD MILLION)
        FIGURE 41 APAC EXPECTED TO DOMINATE TEST AND MEASUREMENT EQUIPMENT MARKET FOR SERVICES DURING FORECAST PERIOD
        TABLE 97 MARKET FOR SERVICES, BY REGION, 2017–2020 (USD MILLION)
        TABLE 98 MARKET FOR SERVICES, BY REGION, 2021–2026 (USD MILLION)
    8.2 CALIBRATION SERVICES
           8.2.1 CALIBRATION SERVICES ARE ADOPTED TO IDENTIFY GAP BETWEEN ACTUAL PERFORMANCE AND STANDARD PERFORMANCE OF ANY EQUIPMENT
    8.3 REPAIR SERVICES/AFTER-SALES SERVICES
           8.3.1 REPAIR/AFTER-SALES SERVICES MINIMIZE TURNAROUND TIME AND ENHANCE UNDER-INSPECTION PRODUCT QUALITY
    8.4 OTHER SERVICES
           8.4.1 ASSET MANAGEMENT
                    8.4.1.1 Asset management services are outsourced to ensure total technical compliance
           8.4.2 CONSULTING AND TRAINING
                    8.4.2.1 Consulting and training service providers assist in implementing and optimizing industrial processes
           8.4.3 CLIMATIC PRODUCT TESTING
                    8.4.3.1 Climatic product testing ensures products can function even under extreme climatic conditions
           8.4.4 ENVIRONMENT PRODUCT TESTING
                    8.4.4.1 Environment tests carried out to verify if products can withstand different environmental conditions
           8.4.5 SHOCK TESTING
                    8.4.5.1 Shock testing mostly conducted on products deployed in military and consumer applications
           8.4.6 EXTENDED PREMIUM PLANS
                    8.4.6.1 Attractive offers on services for two or more years

9 TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL (Page No. - 138)
    9.1 INTRODUCTION
        FIGURE 42 TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL
        TABLE 99 MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
        TABLE 100 TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
    9.2 AUTOMOTIVE AND TRANSPORTATION
           9.2.1 SOPHISTICATED ELECTRONIC SYSTEMS ARE IN DEMAND FOR LUXURY CARS AND SPORT UTILITY VEHICLES
                 FIGURE 43 MECHANICAL TEST EQUIPMENT TO LEAD MARKET FOR AUTOMOTIVE AND TRANSPORTATION VERTICAL DURING FORECAST PERIOD
                 TABLE 101 MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 TABLE 102 MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
    9.3 AEROSPACE & DEFENSE
           9.3.1 HIGH ADOPTION OF TEST AND MEASUREMENT EQUIPMENT IN AEROSPACE & DEFENSE WITH GROWING CONCERNS OF AIR TRAFFIC CONTROL
                 TABLE 103 MARKET FOR AEROSPACE & DEFENSE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 TABLE 104 MARKET FOR AEROSPACE & DEFENSE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
    9.4 IT AND TELECOMMUNICATIONS
           9.4.1 INCREASED DEMAND FOR WIRELESS TECHNOLOGIES PROPELS TEST AND MEASUREMENT EQUIPMENT MARKET GROWTH FOR IT AND TELECOMMUNICATIONS VERTICAL
                 TABLE 105 MARKET FOR IT AND TELECOMMUNICATIONS, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 TABLE 106 MARKET FOR IT AND TELECOMMUNICATIONS, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
    9.5 EDUCATION AND GOVERNMENT
           9.5.1 SURGED NEED FOR GENERAL-PURPOSE TEST EQUIPMENT IN EDUCATION AND GOVERNMENT VERTICAL STIMULATES MARKET GROWTH
                 FIGURE 44 MECHANICAL TESTING EQUIPMENT TO EXHIBIT HIGHEST CAGR IN MARKET FOR EDUCATION AND GOVERNMENT VERTICAL DURING FORECAST PERIOD
                 TABLE 107 MARKET FOR EDUCATION AND GOVERNMENT, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 TABLE 108 MARKET FOR EDUCATION AND GOVERNMENT, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
    9.6 ELECTRONICS & SEMICONDUCTOR
           9.6.1 STRONG FOCUS OF PROVIDERS OF CONSUMER ELECTRONICS TO REDUCE TIME TO MARKET CREATING DEMAND FOR TEST AND MEASUREMENT EQUIPMENT
                 TABLE 109 MARKET FOR ELECTRONICS & SEMICONDUCTOR, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 TABLE 110 MARKET FOR ELECTRONICS & SEMICONDUCTOR, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
    9.7 INDUSTRIAL
           9.7.1 ESCALATED DEMAND FOR TESTING AND MEASURING EQUIPMENT IN INDUSTRIAL VERTICAL TO ENSURE PROPER FUNCTIONING OF MACHINERY
                 TABLE 111 MARKET FOR INDUSTRIAL, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 TABLE 112 MARKET FOR INDUSTRIAL, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
    9.8 HEALTHCARE (MEDICAL)
           9.8.1 STRONG REQUIREMENT TO ENHANCE EFFICIENCY AND ACCURACY OF MEDICAL DEVICES ACCELERATES DEMAND FOR TESTING EQUIPMENT IN HEALTHCARE
                 TABLE 113 MARKET FOR HEALTHCARE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 TABLE 114 MARKET FOR HEALTHCARE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 149)
     10.1 INTRODUCTION
          FIGURE 45 GEOGRAPHIC SNAPSHOT: TEST AND MEASUREMENT EQUIPMENT MARKET IN NORTH AMERICA EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          FIGURE 46 NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN TEST AND MEASUREMENT EQUIPMENT MARKET FROM 2021 TO 2026
          TABLE 115 TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 116 TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.2 NORTH AMERICA
          FIGURE 47 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET SNAPSHOT
          TABLE 117 TEST AND MEASUREMENT EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 118 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 119 MARKET IN NORTH AMERICA, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
          TABLE 120 MARKET IN NORTH AMERICA, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
          TABLE 121 MARKET IN NORTH AMERICA, BY GPTE TYPE, 2017–2020 (USD MILLION)
          TABLE 122 MARKET IN NORTH AMERICA, BY GPTE TYPE, 2021–2026 (USD MILLION)
          TABLE 123 MARKET IN NORTH AMERICA, BY MTE TYPE, 2017–2020 (USD MILLION)
          TABLE 124 MARKET IN NORTH AMERICA, BY MTE TYPE, 2021–2026 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Surging adoption of communication test and measurement solutions to deliver high-quality video, voice, and data services
             10.2.2 CANADA
                        10.2.2.1 Increasing demand for communication testing and broadband services boosting market growth
             10.2.3 MEXICO
                        10.2.3.1 Rising demand for compact cars to foster test and measurement equipment market growth
     10.3 EUROPE
          FIGURE 48 EUROPE: TEST AND MEASUREMENT EQUIPMENT MARKET SNAPSHOT
          TABLE 125 TEST AND MEASUREMENT EQUIPMENT MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 126 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 127 MARKET IN EUROPE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
          TABLE 128 MARKET IN EUROPE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
          TABLE 129 MARKET IN EUROPE, BY GPTE TYPE, 2017–2020 (USD MILLION)
          TABLE 130 MARKET IN EUROPE, BY GPTE TYPE, 2021–2026 (USD MILLION)
          TABLE 131 MARKET IN EUROPE, BY MTE TYPE, 2017–2020 (USD MILLION)
          TABLE 132 MARKET IN EUROPE, BY MTE TYPE, 2021–2026 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Escalating demand from automotive industry to drive test and measurement equipment market growth
             10.3.2 UK
                        10.3.2.1 Increasing investment in privatization of energy sector to foster market growth
             10.3.3 FRANCE
                        10.3.3.1 Rising adoption of test and measurement equipment in aerospace & defense vertical to support market growth
             10.3.4 ITALY
                        10.3.4.1 Surging adoption of test and measurement equipment in consumer goods and aerospace & defense verticals to drive market growth
             10.3.5 SPAIN
                        10.3.5.1 Thriving IT & telecom and industrial manufacturing sectors to support test and measurement equipment market growth
             10.3.6 NETHERLANDS
                        10.3.6.1 Booming IT & telecom and industrial manufacturing vertical to help revive demand for test and measurement equipment
             10.3.7 REST OF EUROPE
     10.4 APAC
          FIGURE 49 APAC: TEST AND MEASUREMENT EQUIPMENT MARKET SNAPSHOT
          TABLE 133 TEST AND MEASUREMENT EQUIPMENT MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 134 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 135 MARKET IN APAC, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
          TABLE 136 MARKET IN APAC, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
          TABLE 137 MARKET IN APAC, BY GPTE TYPE, 2017–2020 (USD MILLION)
          TABLE 138 MARKET IN APAC, BY GPTE TYPE, 2021–2026 (USD MILLION)
          TABLE 139 MARKET IN APAC, BY MTE TYPE, 2017–2020 (USD MILLION)
          TABLE 140 MARKET IN APAC, BY MTE TYPE, 2021–2026 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Flourishing consumer electronics and manufacturing sectors drives demand for test and measurement equipment in China
             10.4.2 JAPAN
                        10.4.2.1 Thriving consumer goods, medical devices, and IT & telecom industries to drive demand for test and measurement equipment
             10.4.3 INDIA
                        10.4.3.1 Ongoing initiatives by Government of India to boost foreign direct investments in country to support market growth
             10.4.4 SOUTH KOREA
                        10.4.4.1 Surging adoption of test and measurement equipment in semiconductor and electronics sectors continues to drive market growth amidst pandemic
             10.4.5 AUSTRALIA
                        10.4.5.1 Rising utilization of test and measurement equipment by IT and telecom service providers to promote market growth
             10.4.6 SINGAPORE
                        10.4.6.1 Growing focus on improving product quality and high standard of living allowing market in Singapore to witness swift bounce back
             10.4.7 REST OF APAC
     10.5 ROW
          FIGURE 50 ROW: TEST AND MEASUREMENT EQUIPMENT MARKET SNAPSHOT
          TABLE 141 TEST AND MEASUREMENT EQUIPMENT MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
          TABLE 142 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
          TABLE 143 MARKET IN ROW, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
          TABLE 144 MARKET IN ROW, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
          TABLE 145 MARKET IN ROW, BY GPTE TYPE, 2017–2020 (USD MILLION)
          TABLE 146 MARKET IN ROW, BY GPTE TYPE, 2021–2026 (USD MILLION)
          TABLE 147 MARKET IN ROW, BY MTE TYPE, 2017–2020 (USD MILLION)
          TABLE 148 MARKET IN ROW, BY MTE TYPE, 2021–2026 (USD MILLION)
             10.5.1 SOUTH AMERICA
                    TABLE 149 TEST AND MEASUREMENT EQUIPMENT MARKET IN SOUTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 150 MARKET IN SOUTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                        10.5.1.1 Brazil
                                     10.5.1.1.1 Booming medical and life sciences industry to create revenue pockets for test and measurement equipment providers in Brazil
                        10.5.1.2 Argentina
                                     10.5.1.2.1 Rising adoption of wireless communication solutions and increasing demand for improved medical devices drive market growth
                        10.5.1.3 Rest of South America
             10.5.2 MIDDLE EAST & AFRICA
                    TABLE 151 TEST AND MEASUREMENT EQUIPMENT MARKET IN MEA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 152 MARKET IN MEA, BY COUNTRY, 2021–2026 (USD MILLION)
                        10.5.2.1 Saudi Arabia
                                     10.5.2.1.1 Increased need for improved medical devices to fuel demand for test and measurement equipment
                        10.5.2.2 United Arab Emirates (UAE)
                                     10.5.2.2.1 Positive reinforcement of government to exhibit rapid market growth during forecast period
                        10.5.2.3 Rest of Middle East and Africa

11 COMPETITIVE LANDSCAPE (Page No. - 180)
     11.1 INTRODUCTION
          FIGURE 51 KEY GROWTH STRATEGIES ADOPTED BY TOP COMPANIES FROM JANUARY 2017 TO MARCH 2021
     11.2 MARKET SHARE ANALYSIS: TEST AND MEASUREMENT EQUIPMENT MARKET
          TABLE 153 MARKET SHARE ANALYSIS OF KEY COMPANIES IN TEST AND MEASUREMENT EQUIPMENT, 2020
     11.3 REVENUE ANALYSIS, 2015–2019
          FIGURE 52 REVENUE ANALYSIS OF MAJOR COMPANIES OFFERING TEST AND MEASUREMENT EQUIPMENT, 2015–2019 (USD MILLION)
     11.4 COMPANY EVALUATION QUADRANT
             11.4.1 STAR
             11.4.2 EMERGING LEADER
             11.4.3 PERVASIVE
             11.4.4 PARTICIPANT
                    FIGURE 53 TEST AND MEASUREMENT EQUIPMENT MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2020
     11.5 STARTUP/SME EVALUATION MATRIX
             11.5.1 PROGRESSIVE COMPANY
             11.5.2 RESPONSIVE COMPANY
             11.5.3 DYNAMIC COMPANY
             11.5.4 STARTING BLOCK
                    FIGURE 54 TEST AND MEASUREMENT EQUIPMENT MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2020
                    TABLE154 COMPANY FOOTPRINT
                    FIGURE 55 COMPANY VERTICAL FOOTPRINT
                    TABLE155 COMPANY INDUSTRIAL FOOTPRINT
                    TABLE156 COMPANY REGIONAL FOOTPRINT
     11.6 COMPETITIVE SITUATIONS AND TRENDS
             11.6.1 PRODUCT/SOLUTION LAUNCHES
                    TABLE157 PRODUCT/SOLUTION LAUNCHES, JANUARY 2018–MARCH 2021
             11.6.2 PARTNERSHIPS/AGREEMENTS
                    TABLE158 PARTNERSHIPS/AGREEMENTS, JANUARY 2018–FEBRUARY 2021
             11.6.3 ACQUISITIONS
                    TABLE159 ACQUISITIONS, JANUARY 2020–FEBRUARY 2021

12 COMPANY PROFILES (Page No. - 197)
     12.1 INTRODUCTION
     12.2 KEY PLAYERS
(Business Overview, Products/Solutions Offered, Recent Developments, and MnM View)*
             12.2.1 FORTIVE
                    TABLE160 FORTIVE: COMPANY OVERVIEW
                    FIGURE 56 FORTIVE: COMPANY SNAPSHOT
             12.2.2 KEYSIGHT TECHNOLOGIES
                    TABLE161 KEYSIGHT TECHNOLOGIES: COMPANY OVERVIEW
                    FIGURE 57 KEYSIGHT TECHNOLOGIES: COMPANY SNAPSHOT
             12.2.3 ROHDE & SCHWARZ
                    TABLE162 ROHDE & SCHWARZ: COMPANY OVERVIEW
                    FIGURE 58 ROHDE & SCHWARZ: COMPANY SNAPSHOT
             12.2.4 ADVANTEST
                    TABLE163 ADVANTEST: COMPANY OVERVIEW
             12.2.5 NATIONAL INSTRUMENTS
                    TABLE164 NATIONAL INSTRUMENTS: COMPANY OVERVIEW
                    FIGURE 59 NATIONAL INSTRUMENTS: COMPANY SNAPSHOT
             12.2.6 VIAVI SOLUTIONS
                    TABLE165 VIAVI SOLUTIONS: COMPANY OVERVIEW
                    FIGURE 60 VIAVI SOLUTIONS: COMPANY
             12.2.7 ANRITSU
                    TABLE166 ANRITSU: COMPANY OVERVIEW
                    FIGURE 61 ANRITSU: COMPANY SNAPSHOT
             12.2.8 YOKOGAWA ELECTRIC
                    TABLE167 YOKOGAWA ELECTRIC: COMPANY OVERVIEW
                    FIGURE 62 YOKOGAWA ELECTRIC: COMPANY SNAPSHOT
             12.2.9 EXFO
                    TABLE168 EXFO: COMPANY OVERVIEW
                    FIGURE 63 EXFO: COMPANY SNAPSHOT
             12.2.10 TEXAS INSTRUMENTS
                    TABLE169 TEXAS INSTRUMENTS: COMPANY OVERVIEW
                    FIGURE 64 TEXAS INSTRUMENTS: COMPANY SNAPSHOT
* Business Overview, Products/Solutions Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     12.3 SMES/STARTUP PLAYERS
             12.3.1 GW INSTEK
                    TABLE170 GW INSTEK: COMPANY OVERVIEW
             12.3.2 AMETEK
                    TABLE171 AMETEK: COMPANY OVERVIEW
             12.3.3 ADLINK TECHNOLOGY
                    TABLE172 ADLINK TECHNOLOGY: COMPANY OVERVIEW
             12.3.4 LEADER INSTRUMENTS
                    TABLE173 LEADER INSTRUMENTS: COMPANY OVERVIEW
             12.3.5 LEONARDO
                    TABLE174 LEONARDO: COMPANY OVERVIEW
             12.3.6 DYNAMICSIGNAL
                    TABLE175 DYNAMIC SIGNAL: COMPANY OVERVIEW
             12.3.7 FREEDOM COMMUNICATION
                    TABLE176 FREEDOM COMMUNICATION: COMPANY OVERVIEW
             12.3.8 VAUNIX
                    TABLE177 VAUNIX: COMPANY OVERVIEW
             12.3.9 DS INSTRUMENTS
                    TABLE178 DS INSTRUMENTS: COMPANY OVERVIEW
             12.3.10 SALUKI
                    TABLE179 SALUKI: COMPANY OVERVIEW

13 APPENDIX (Page No. - 245)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the Test and measurement equipment market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information important for this study. These secondary sources include biometric technologies journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the Test and measurement equipment market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information, as well as to verify and validate the critical numbers arrived at.

Test and Measurement Equipment Market Size, and Share

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

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the Test and measurement equipment market and other dependent submarkets listed in this report.

  • Key players in the industry and markets were identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Test and Measurement Equipment Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data was triangulated by studying various factors and trends identified from both demand and supply sides in government, consumer electronics, healthcare, banking & finance, travel & immigration, automotive, and military & defense verticals, among others.

Report Objectives

The following are the primary objectives of the study.

  • To define, describe, and forecast the Test and measurement equipment market based on the product type, service type, verticals and geography
  • To forecast the market size of various segments with respect to 4 main regions: North America, Europe, Asia Pacific, and Rest of the World
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze the competitive developments such as agreements, contracts, partnerships, acquisitions, and product launches & developments carried out in the Test and measurement equipment market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
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