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PUBLISHER: IMARC | PRODUCT CODE: 1451369
PUBLISHER: IMARC | PRODUCT CODE: 1451369
Test and Measurement Equipment Market Report by Product (General Purpose Test Equipment, Mechanical Test Equipment ), Service Type, End Use Industry, and Region 2024-2032
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PAGES: 144 Pages
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The global test and measurement equipment market size reached US$ 25.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032.
Test and measurement equipment refers to various tools used to measure, analyze, display, test and record electrical data. These tools generate electrical signals and capture the responses from multiple devices in the testing phase to identify faults and ensure the proper functioning of the equipment. Some of the commonly used test and measurement equipment include oscilloscopes, ammeter, voltmeter, wattmeter, digital multimeters and spectrum analyzers. They are designed to indicate a specific parameter, such as length, weight, current, voltage and temperature and indicate the presence or absence of specific physical characteristics.
Rapid industrialization, along with significant growth in the electronics industry, represents one of the key factors creating a positive impact on the industry growth. Test and measurement equipment are used for checking defects in high-performance and power-efficient consumer electronics and semiconductors during manufacturing. Consequently, increasing utilization of test and measurement equipment for regular testing and diagnosing any faults in aircraft, helicopters and other machines is also driving the market growth. They are also used for machine control, factory automation and establishing remote sensor connections in the automotive and transportation sectors. Various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and the development of machine-to-machine (M2M) interaction systems, are acting as other growth-inducing factors. These systems offer portable and embedded testing and measurement solutions with remote troubleshooting capabilities and interactive interfaces. Other factors, including improvements in the networking and communications infrastructure, along with the increasing automation of laboratory instruments, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global test and measurement equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, service type and end use industry.
Breakup by Product:
General Purpose Test Equipment (GPTE)
Oscilloscopes
Signal Generators
Multimeters
Logic Analyzers
Spectrum Analyzers
Bert (Bit Error Rate Test)
Network Analyzers
Others
Mechanical Test Equipment (MTE)
Non-Destructive Test Equipment
Machine Vision Inspection
Machine Condition Monitoring
Breakup by Service Type:
Calibration Services
Repair Services/After-Sales Services
Breakup by End Use Industry:
Automotive and Transportation
Aerospace and Defense
IT and Telecommunication
Education
Semiconductor and Electronics
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Advantest Corporation, Anritsu Corporation, EXFO Inc., Fortive, Keysight Technologies, Inc., National Instruments Corporation, Rohde & Schwarz GmbH & Co. KG, Teledyne Technologies Incorporated, Texas Instruments Incorporated, VIAVI Solutions Inc., and Yokogawa Electric Corporation.
Key Questions Answered in This Report
- 1. How big is the global test and measurement equipment market?
- 2. What is the expected growth rate of the global test and measurement equipment market during 2024-2032?
- 3. What are the key factors driving the global test and measurement equipment market?
- 4. What has been the impact of COVID-19 on the global test and measurement equipment market?
- 5. What is the breakup of the global test and measurement equipment market based on the product?
- 6. What is the breakup of the global test and measurement equipment market based on the service type?
- 7. What is the breakup of the global test and measurement equipment market based on the end use industry?
- 8. What are the key regions in the global test and measurement equipment market?
- 9. Who are the key players/companies in the global test and measurement equipment market?
Product Code: SR112024A2596
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Test and Measurement Equipment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 General Purpose Test Equipment (GPTE)
- 6.1.1 Market Trends
- 6.1.2 Major Types
- 6.1.2.1 Oscilloscopes
- 6.1.2.2 Signal Generators
- 6.1.2.3 Multimeters
- 6.1.2.4 Logic Analyzers
- 6.1.2.5 Spectrum Analyzers
- 6.1.2.6 Bert (Bit Error Rate Test)
- 6.1.2.7 Network Analyzers
- 6.1.2.8 Others
- 6.1.3 Market Forecast
- 6.2 Mechanical Test Equipment (MTE)
- 6.2.1 Market Trends
- 6.2.2 Major Types
- 6.2.2.1 Non-Destructive Test Equipment
- 6.2.2.2 Machine Vision Inspection
- 6.2.2.3 Machine Condition Monitoring
- 6.2.3 Market Forecast
7 Market Breakup by Service Type
- 7.1 Calibration Services
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Repair Services/After-Sales Services
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Automotive and Transportation
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aerospace and Defense
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 IT and Telecommunication
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Education
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Semiconductor and Electronics
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Advantest Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Anritsu Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 EXFO Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Fortive
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Keysight Technologies, Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 National Instruments Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Rohde & Schwarz GmbH & Co. KG
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Teledyne Technologies Incorporated
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Texas Instruments Incorporated
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 VIAVI Solutions Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 Yokogawa Electric Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.1 Advantest Corporation
Product Code: SR112024A2596
List of Figures
- Figure 1: Global: Test and Measurement Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Test and Measurement Equipment Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Test and Measurement Equipment Market: Breakup by Product (in %), 2023
- Figure 4: Global: Test and Measurement Equipment Market: Breakup by Service Type (in %), 2023
- Figure 5: Global: Test and Measurement Equipment Market: Breakup by End Use Industry (in %), 2023
- Figure 6: Global: Test and Measurement Equipment Market: Breakup by Region (in %), 2023
- Figure 7: Global: Test and Measurement Equipment Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 8: Global: Test and Measurement Equipment (General Purpose Test Equipment) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Test and Measurement Equipment (General Purpose Test Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Test and Measurement Equipment (Mechanical Test Equipment) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Test and Measurement Equipment (Mechanical Test Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Test and Measurement Equipment (Calibration Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Test and Measurement Equipment (Calibration Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Test and Measurement Equipment (Repair Services/After-Sales Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Test and Measurement Equipment (Repair Services/After-Sales Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Test and Measurement Equipment (Automotive and Transportation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Test and Measurement Equipment (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Test and Measurement Equipment (Aerospace and Defense) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Test and Measurement Equipment (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Test and Measurement Equipment (IT and Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Test and Measurement Equipment (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Test and Measurement Equipment (Education) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Test and Measurement Equipment (Education) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Test and Measurement Equipment (Semiconductor and Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Test and Measurement Equipment (Semiconductor and Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Test and Measurement Equipment (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Test and Measurement Equipment (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: United States: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: United States: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Canada: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Canada: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia Pacific: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia Pacific: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: China: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: China: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Japan: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Japan: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: India: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: India: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: South Korea: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: South Korea: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Australia: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Australia: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Indonesia: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Indonesia: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Europe: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Europe: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Germany: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Germany: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: France: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: France: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: United Kingdom: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: United Kingdom: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Italy: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Italy: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Spain: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Spain: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Russia: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Russia: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Latin America: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Latin America: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Brazil: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Brazil: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Mexico: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Mexico: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Middle East and Africa: Test and Measurement Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Middle East and Africa: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Global: Test and Measurement Equipment Industry: SWOT Analysis
- Figure 77: Global: Test and Measurement Equipment Industry: Value Chain Analysis
- Figure 78: Global: Test and Measurement Equipment Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Test and Measurement Equipment Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Test and Measurement Equipment Market Forecast: Breakup by Product (in Million US$), 2024-2032
- Table 3: Global: Test and Measurement Equipment Market Forecast: Breakup by Service Type (in Million US$), 2024-2032
- Table 4: Global: Test and Measurement Equipment Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 5: Global: Test and Measurement Equipment Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Test and Measurement Equipment Market Structure
- Table 7: Global: Test and Measurement Equipment Market: Key Players
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