Test and Measurement Equipment Market, By Product Type, By Services, By End-User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2025-2032

Description

REPORT HIGHLIGHT

Test and Measurement Equipment Market size was valued at USD 39,240 Million in 2024, expanding at a CAGR of 4.30% from 2025 to 2032.

Test and measurement equipment includes a wide range of tools and devices used to verify and assess the performance, functionality, and quality of various electronic, electrical, and mechanical systems. Telecommunications, aerospace, automotive, manufacturing, and R&D all require this equipment. It includes oscilloscopes, multimeters, spectrum analyzers, signal generators, power meters, logic analyzers, and network analyzers, among others.

Test and Measurement Equipment Market- Market Dynamics

Automotive Industry Growth Fuels Market Growth

The growing automotive industry is expected to drive future growth in the test and measurement equipment market. The automotive industry is a broad term that refers to the organizations and businesses that design, develop, manufacture, market, sell, and maintain automobiles. Quality control, performance testing, safety assessment, and compliance verification of automotive components are all carried out using test and measurement equipment. For instance, in May 2023, the European Automobile Manufacturers Association, a Belgian automobile manufacturers association, reported that global motor vehicle production reached 85.4 million units in 2022, a 5.7% increase from 2021. Furthermore, according to Brand Finance plc, a UK-based brand valuation company, the automobile sector sold approximately 78 million units in February 2022, representing a significant 10% increase. As a result, the growing automotive industry is propelling the test and measurement equipment market.

Test and Measurement Equipment Market- Key Insights

According to our research analyst, the global market will grow at a CAGR of around 4.30% from 2025-2032.

General-purpose test equipment dominated the test and measurement equipment market, according to Product Type segmentation.

In 2024, the calibration services segment held the majority of the test and measurement equipment market based on services segmentation.

In 2024, North America accounted for the largest revenue generation.

Test and Measurement Equipment Market- Segmentation Analysis:

The Global Test and Measurement Equipment Market is divided into four segments: Product Type, Services, Vertical, and Region.

General-Purpose Test Equipment and Mechanical Test Equipment are the two product-type-based market segments. Throughout the forecast period, the general-purpose test equipment segment is anticipated to continue to dominate the test and measurement equipment market. General-purpose test equipment is used in a variety of industries, including automotive, healthcare, information technology, and telecommunications. There is an increasing demand for general-purpose test equipment for determining equipment performance. The segment's growth is being driven by the increasing adoption of 5G technology in the electronics industry. General-purpose test equipment is used to detect and solve common electronic parameters such as frequency, voltage, wattage, and other electronic components. The PG3 digital pattern generator series is a key component of general-purpose test equipment, used in a variety of testing applications.

The market is segmented into three service categories: calibration services, repair/after-sales services, and other services. The calibration services segment controlled the test and measurement equipment market in 2024. The calibration equipment detects the expected performance of the measuring and testing equipment. A calibrator, a current clamp meter, data loggers, desktop multimeters, digital multimeters handheld, electrical testing instruments, modular measuring systems, oscilloscopes desktop and handheld, probes and accessories, special multimeters, and measurement kits are among the calibration services available for measuring tests. Calibration services are increasingly being used by end-user industries to improve product quality, efficiency, and safety. Calibration reduces measurement errors and ensures precise measurements. Some calibrators used in industrial equipment measurements include electrical calibrators, dry block calibrators, calibration baths, pressure calibrators, deadweight testers, humidity calibrators, flow calibrators, and laser interferometers.

Test and Measurement Equipment Market- Geographical Insights

This market is geographically divided into Europe, North America, Asia Pacific, Latin America, the Middle East, and Africa. These regions are further divided based on which countries bring commerce. North America had the largest market share in 2024. The availability of well-developed industrial infrastructure in industries such as automotive, electronics, aerospace, and defense, among others, is increasing demand for test and measurement equipment used to test the mechanical properties of industrial devices or components, which is driving the market growth. The test and measurement equipment market is expanding due to increased investment in the electronic industry's infrastructure. The ongoing research into the development and innovation of electronic products is driving the test and measurement equipment market.

Asia Pacific is expected to grow significantly during the forecast period. The region's market growth is attributed to the region's growing population and rising demand for industrialization, which drives the demand for testing and optimizing industry processes, positively affecting market growth. Rising economic growth in countries that are expanding industries such as healthcare, automotive, electronics, telecommunications, aviation, and others is increasing demand for the test and measurement process, which will drive market growth. Furthermore, the region's market is growing due to increased research and development activities for technological advancement.

Test and Measurement Equipment Market- Competitive Landscape:

The test and measurement equipment market is extremely competitive, with major players such as Keysight Technologies, Tektronix, VIAVI Solutions Inc., Anritsu, and National Instruments all competing fiercely. The companies place a premium on innovation, offering cutting-edge solutions like automated testing and IoT-enabled devices to boost efficiency and accuracy. Strategic alliances and mergers are common, allowing businesses to broaden their product offerings and market reach. Furthermore, the growing demand for precision in industries such as telecommunications and automotive necessitates investment by companies in R&D to stay ahead in an ever-changing technological environment. For instance, in May 2024, Advantest Corporation introduced the DC Scale XHC32, a new 32-channel power supply for the V93000 EXA Scale SoC test platform. This power supply can deliver up to 640A, meeting the increasing power requirements of AI accelerators, HPC chips, GPUs, and other high-current devices. It includes features such as flexible channel ganging, fast response, and extended profiling, which ensure efficient high-power device testing while lowering testing costs by protecting probe cards and test sockets.

Recent Developments:

In July 2023, Keysight Technologies, Inc. introduced the new N9912C FieldFox Handheld Analyzer, a software-defined radio frequency (RF) test platform for field technicians that includes over 20 vector network analyzers (VNAs), a cable antenna tester (CAT), and Spectrum Analyzer (SA) options. The new FieldFox C-model includes over 20 vector network and spectrum analyzer upgrade and download options, as well as an enhanced software licensing key. It enables engineers to pay for the power required in a single, robust manual probe. It offers broad spectrum and network analysis up to 3 kHz.

In March 2024, Fluke Corp, a wholly owned subsidiary of Fortive Corporation] and a global leader in test and measurement instruments, announced the release of the PVA-1500 Series I-V curve tracer, which is intended to provide utility-scale solar technicians with fast, accurate, and streamlined testing operations for effective service and maintenance. This innovative tool addresses the critical need for efficient and dependable PV array testing, resulting in improved performance and higher ROI.

In May 2024, Extech announced the launch of a new line of measurement tools. The launch will feature the innovative IAQ320 air quality monitor, the advanced EX series of multimeters and clamp meters, and the versatile BR450 W borescopes. The tools will provide excellent value without compromising safety.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Keysight Technologies
Fortive
Rohde & Schwarz
NATIONAL INSTRUMENTS CORP.
Teledyne Technologies
VIAVI Solutions Inc.
Anritsu
Yokogawa Electric Corporation
ADVANTEST CORPORATION
EXFO Inc.
Fujian Lilliput Optoelectronics Technology
IKM Instrutek
UNI-TREND TECHNOLOGY (CHINA) CO
Particle Measuring Systems
Mextech Technologies India Private Limited
Good Will Instrument Co., Ltd.
ADLINK Technology Inc.
Leader Electronics Corporation
RIGOL TECHNOLOGIES, Co. LTD.
Crystal Instruments Corporation
Astronics Corporation
AMETEK. Inc.
Vaunix Technology Corporation
DS Instruments
Saluki Technology
Insplorion
Others

GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032

General-Purpose Test Equipment
Oscilloscopes
Signal Generators
Multimeters
Logic Analyzers
Spectrum Analyzers
Bert Solutions
Network Analyzers
Power Meters
Electronic Counters
Modular Instruments
Automated Test Equipment
Power Supplies
Mechanical Test Equipment
Non-Destructive Test Equipment
Machine Vision Inspection Systems
Machine Condition Monitoring Systems

GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICES- MARKET ANALYSIS, 2019 - 2032

Calibration Services
Repair/After-sales Services
Others Services

GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET, BY END-USER- MARKET ANALYSIS, 2019 - 2032

Automotive & Transportation
Aerospace & Defense
IT & Telecommunication
Education & Government
Industrial
Healthcare
Semiconductor & Electronics

GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA

Product Code: ANV4971

1. Test and Measurement Equipment Market Overview

1.1. Study Scope
1.2. Market Estimation Years

2. Executive Summary

2.1. Market Snippet
- 2.1.1. Test and Measurement Equipment Market Snippet by Product Type
- 2.1.2. Test and Measurement Equipment Market Snippet by Services
- 2.1.3. Test and Measurement Equipment Market Snippet by End-User
- 2.1.4. Test and Measurement Equipment Market Snippet by Country
- 2.1.5. Test and Measurement Equipment Market Snippet by Region
2.2. Competitive Insights

3. Test and Measurement Equipment Key Market Trends

3.1. Test and Measurement Equipment Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
3.2. Test and Measurement Equipment Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
3.3. Test and Measurement Equipment Market Opportunities
3.4. Test and Measurement Equipment Market Future Trends

4. Test and Measurement Equipment Industry Study

4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis

5. Test and Measurement Equipment Market: COVID-19 Impact Analysis

5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments

6. Test and Measurement Equipment Market Landscape

6.1. Test and Measurement Equipment Market Share Analysis, 2024
6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis

7. Test and Measurement Equipment Market - By Product Type

7.1. Overview
- 7.1.1. Segment Share Analysis, By Product Type, 2024 & 2032 (%)
- 7.1.2. General-Purpose Test Equipment
  - 7.1.2.1. Oscilloscopes
  - 7.1.2.2. Signal Generators
  - 7.1.2.3. Multimeters
  - 7.1.2.4. Logic Analyzers
  - 7.1.2.5. Spectrum Analyzers
  - 7.1.2.6. Bert Solutions
  - 7.1.2.7. Network Analyzers
  - 7.1.2.8. Power Meters
  - 7.1.2.9. Electronic Counters
  - 7.1.2.10. Modular Instruments
  - 7.1.2.11. Automated Test Equipment
  - 7.1.2.12. Power Supplies
- 7.1.3. Mechanical Test Equipment
  - 7.1.3.1. Non-Destructive Test Equipment
  - 7.1.3.2. Machine Vision Inspection Systems
  - 7.1.3.3. Machine Condition Monitoring Systems

8. Test and Measurement Equipment Market - By Services

8.1. Overview
- 8.1.1. Segment Share Analysis, By Services, 2024 & 2032 (%)
- 8.1.2. Calibration Services
- 8.1.3. Repair/After-sales Services
- 8.1.4. Others Services

9. Test and Measurement Equipment Market - By End-User

9.1. Overview
- 9.1.1. Segment Share Analysis, By End-User, 2024 & 2032 (%)
- 9.1.2. Automotive & Transportation
- 9.1.3. Aerospace & Defense
- 9.1.4. IT & Telecommunication
- 9.1.5. Education & Government
- 9.1.6. Industrial
- 9.1.7. Healthcare
- 9.1.8. Semiconductor & Electronics

10. Test and Measurement Equipment Market- By Geography

10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
10.2. North America
- 10.2.1. Overview
- 10.2.2. Test and Measurement Equipment Key Manufacturers in North America
- 10.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.2.4. North America Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.5. North America Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
- 10.2.6. North America Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.7. U.S.
  - 10.2.7.1. Overview
  - 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.2.7.3. U.S. Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.2.7.4. U.S. Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.2.7.5. U.S. Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.8. Canada
  - 10.2.8.1. Overview
  - 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.2.8.3. Canada Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.2.8.4. Canada Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.2.8.5. Canada Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
10.3. Europe
- 10.3.1. Overview
- 10.3.2. Test and Measurement Equipment Key Manufacturers in Europe
- 10.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.3.4. Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.3.5. Europe Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
- 10.3.6. Europe Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.3.7. Germany
  - 10.3.7.1. Overview
  - 10.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.7.3. Germany Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.3.7.4. Germany Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.3.7.5. Germany Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.3.8. Italy
  - 10.3.8.1. Overview
  - 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.8.3. Italy Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.3.8.4. Italy Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.3.8.5. Italy Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.3.9. United Kingdom
  - 10.3.9.1. Overview
  - 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.9.3. United Kingdom Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.3.9.4. United Kingdom Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.3.9.5. United Kingdom Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.3.10. France
  - 10.3.10.1. Overview
  - 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.10.3. France Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.3.10.4. France Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.3.10.5. France Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.3.11. Russia
  - 10.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.11.2. Russia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.3.11.3. Russia Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.3.11.4. Russia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.3.12. Netherlands
  - 10.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.12.2. Netherlands Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.3.12.3. Netherlands Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.3.12.4. Netherlands Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.3.13. Sweden
  - 10.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.13.2. Sweden Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.3.13.3. Sweden Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.3.13.4. Sweden Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.3.14. Poland
  - 10.3.14.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.14.2. Poland Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.3.14.3. Poland Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.3.14.4. Poland Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.3.15. Rest of Europe
  - 10.3.15.1. Overview
  - 10.3.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.3.15.3. Rest of the Europe Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.3.15.4. Rest of the Europe Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.3.15.5. Rest of the Europe Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
10.4. Asia Pacific (APAC)
- 10.4.1. Overview
- 10.4.2. Test and Measurement Equipment Key Manufacturers in Asia Pacific
- 10.4.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.4.5. Asia Pacific Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
- 10.4.6. Asia Pacific Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.4.7. India
  - 10.4.7.1. Overview
  - 10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.7.3. India Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.4.7.4. India Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.4.7.5. India Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.4.8. China
  - 10.4.8.1. Overview
  - 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.8.3. China Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.4.8.4. China Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.4.8.5. China Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.4.9. Japan
  - 10.4.9.1. Overview
  - 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.9.3. Japan Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.4.9.4. Japan Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.4.9.5. Japan Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.4.10. South Korea
  - 10.4.10.1. Overview
  - 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.10.3. South Korea Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.4.10.4. South Korea Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.4.10.5. South Korea Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.4.11. Australia
  - 10.4.11.1. Overview
  - 10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.11.3. Australia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.4.11.4. Australia Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.4.11.5. Australia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.4.12. Thailand
  - 10.4.12.1. Overview
  - 10.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.12.3. Thailand Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.4.12.4. Thailand Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.4.12.5. Thailand Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.4.13. Indonesia
  - 10.4.13.1. Overview
  - 10.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.13.3. Indonesia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.4.13.4. Indonesia Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.4.13.5. Indonesia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.4.14. Philippines
  - 10.4.14.1. Overview
  - 10.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.14.3. Philippines Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.4.14.4. Philippines Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.4.14.5. Philippines Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.4.15. Rest of APAC
  - 10.4.15.1. Overview
  - 10.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.4.15.3. Rest of APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.4.15.4. Rest of APAC Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.4.15.5. Rest of APAC Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
10.5. Latin America
- 10.5.1. Overview
- 10.5.2. Test and Measurement Equipment Key Manufacturers in Latin America
- 10.5.3. Latin America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.5.4. Latin America Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.5.5. Latin America Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
- 10.5.6. Latin America Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.5.7. Brazil
  - 10.5.7.1. Overview
  - 10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.7.3. Brazil Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.5.7.4. Brazil Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.5.7.5. Brazil Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.5.8. Mexico
  - 10.5.8.1. Overview
  - 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.8.3. Mexico Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.5.8.4. Mexico Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.5.8.5. Mexico Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.5.9. Argentina
  - 10.5.9.1. Overview
  - 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.9.3. Argentina Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.5.9.4. Argentina Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.5.9.5. Argentina Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.5.10. Colombia
  - 10.5.10.1. Overview
  - 10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.10.3. Colombia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.5.10.4. Colombia Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.5.10.5. Colombia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.5.11. Rest of LATAM
  - 10.5.11.1. Overview
  - 10.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.5.11.3. Rest of LATAM Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.5.11.4. Rest of LATAM Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.5.11.5. Rest of LATAM Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
10.6. Middle East and Africa
- 10.6.1. Overview
- 10.6.2. Test and Measurement Equipment Key Manufacturers in Middle East and Africa
- 10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.6.5. Middle East and Africa Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
- 10.6.6. Middle East and Africa Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.6.7. Saudi Arabia
  - 10.6.7.1. Overview
  - 10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.7.3. Saudi Arabia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.6.7.4. Saudi Arabia Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.6.7.5. Saudi Arabia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.6.8. United Arab Emirates
  - 10.6.8.1. Overview
  - 10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.8.3. United Arab Emirates Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.6.8.4. United Arab Emirates Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.6.8.5. United Arab Emirates Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.6.9. Israel
  - 10.6.9.1. Overview
  - 10.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.9.3. Israel Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.6.9.4. Israel Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.6.9.5. Israel Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.6.10. Turkey
  - 10.6.10.1. Overview
  - 10.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.10.3. Turkey Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.6.10.4. Turkey Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.6.10.5. Turkey Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.6.11. Algeria
  - 10.6.11.1. Overview
  - 10.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.11.3. Algeria Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.6.11.4. Algeria Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.6.11.5. Algeria Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.6.12. Egypt
  - 10.6.12.1. Overview
  - 10.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.12.3. Egypt Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.6.12.4. Egypt Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.6.12.5. Egypt Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.6.13. Rest of MEA
  - 10.6.13.1. Overview
  - 10.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 10.6.13.3. Rest of MEA Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
  - 10.6.13.4. Rest of MEA Market Size and Forecast, By Services, 2019 - 2032 (US$ Million)
  - 10.6.13.5. Rest of MEA Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)

11. Key Vendor Analysis- Test and Measurement Equipment Industry

11.1. Competitive Dashboard
11.2. Company Profiles
- 11.2.1. Keysight Technologies
- 11.2.2. Fortive
- 11.2.3. Rohde & Schwarz
- 11.2.4. NATIONAL INSTRUMENTS CORP.
- 11.2.5. Teledyne Technologies
- 11.2.6. VIAVI Solutions Inc.
- 11.2.7. Anritsu
- 11.2.8. Yokogawa Electric Corporation
- 11.2.9. ADVANTEST CORPORATION
- 11.2.10. EXFO Inc.
- 11.2.11. Fujian Lilliput Optoelectronics Technology
- 11.2.12. IKM Instrutek
- 11.2.13. UNI-TREND TECHNOLOGY (CHINA) CO
- 11.2.14. Particle Measuring Systems
- 11.2.15. Mextech Technologies India Private Limited
- 11.2.16. Good Will Instrument Co., Ltd.
- 11.2.17. ADLINK Technology Inc.
- 11.2.18. Leader Electronics Corporation
- 11.2.19. RIGOL TECHNOLOGIES, Co. LTD.
- 11.2.20. Crystal Instruments Corporation
- 11.2.21. Astronics Corporation
- 11.2.22. AMETEK. Inc.
- 11.2.23. Vaunix Technology Corporation
- 11.2.24. DS Instruments
- 11.2.25. Saluki Technology
- 11.2.26. Insplorion
- 11.2.27. Others

12. 360 Degree Analyst View

13. Appendix

13.1. Research Methodology
13.2. References
13.3. Abbreviations
13.4. Disclaimer
13.5. Contact Us