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
[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.
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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.
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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.
Frequently Asked Questions (FAQ):
What is current size of global Test and measurement equipment market?
The global Test and measurement equipment market is estimated to be around USD 27.7 billion in 2021 and projected to reach USD 33.3 billion by 2026 at a CAGR of 3.70%.
What is COVID-19 impact on global Test and measurement equipment market?
The requirement of Test and measurement equipment technique in different body temperature measuring sensors and COVID-19 diagnostic kits might drive the IR imaging market. However, companies might find it challenging to cope with increased business requirements and may have to increase the production of IR spectroscopic products. This sudden demand will require them to increase their production, which might hamper the quality of these products. It would be challenging for the IR imaging players to maintain the quality and production to meet the required demands.
Where will all these developments take the industry in the mid-to-long term?
Technology will continue to play a critical role in the Test and measurement equipment ecosystem. Key players operating in the Test and measurement equipment marketplace are integrating emerging technologies within their existing ecosystem, which has helped to improve test and measurement equipment products.
Who are the winners of global Test and measurement equipment market?
Companies such as Fortive, Keysight technologies and Anritsu fall under the winners’ category. These companies cater to the requirements of their customers by providing Test and measurement equipment products.
What are some features of Test and measurement?
Different types of test and measurement equipment are used to analyze, validate, and verify measurements of electronic and mechanical systems. They create signals and capture responses of electronic devices under test (DUTs). Such equipment are used to make decisions regarding the effectiveness of operational processes and help manufacturers monitor and improve the quality, safety, and productivity of their products. General-purpose test equipment (GPTE) (oscilloscopes, signal generators, arbitrary waveform generators, digital multimeter logic analyzers, power meters, power supplies, and modular instruments) and mechanical test equipment (MTE) (non-destructive test equipment, machine vision inspection systems, and machine conditioning monitoring systems) are the 2 major categories of test and measurement equipment. In the vertical segment, healthcare and IT & telecommunications sectors are expected to contribute most to the test and measurement equipment market growth during the forecast period. The overall market for the test and measurement equipment is fragmented in into products and services. .
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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.
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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.
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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
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Company Information:
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Growth opportunities and latent adjacency in Test and Measurement Equipment Market