PUBLISHER: The Business Research Company | PRODUCT CODE: 1933650
PUBLISHER: The Business Research Company | PRODUCT CODE: 1933650
Test and measurement equipment comprise tools and devices employed for measuring, analyzing, and testing diverse parameters. These instruments are crafted to deliver precise measurements, ensure quality control, troubleshoot issues, and validate the performance of electronic devices, components, and systems.
The primary product categories of test and measurement equipment include general-purpose test equipment (GPTE) and mechanical test equipment (MTE). General-purpose test equipment (GPTE) serves as a versatile instrument capable of measuring, testing, and analyzing various parameters across different industries and applications. Various service types associated with these instruments include calibration services, repair services, and after-sales services. Test and measurement equipment find applications in various sectors such as automotive and transportation, aerospace and defense, information technology (IT) and telecommunication, education, government, industrial, healthcare, semiconductor, and electronics.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have impacted the test and measurement equipment market by increasing costs of imported electronic components, precision sensors, signal processors, and calibration modules used in equipment manufacturing. General purpose test equipment and advanced oscilloscopes are most affected, particularly in asia pacific and north america where global electronics supply chains are deeply interconnected. Higher equipment prices have influenced capital expenditure decisions across semiconductor, automotive, and industrial users. At the same time, tariffs are encouraging localized manufacturing, regional calibration service expansion, and development of cost optimized testing solutions.
The test and measurement equipment market research report is one of a series of new reports from The Business Research Company that provides test and measurement equipment market statistics, including test and measurement equipment industry global market size, regional shares, competitors with a test and measurement equipment market share, detailed test and measurement equipment market segments, market trends and opportunities, and any further data you may need to thrive in the test and measurement equipment industry. This test and measurement equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The test and measurement equipment market size has grown steadily in recent years. It will grow from $34.81 billion in 2025 to $36.5 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to growth in electronics manufacturing, expansion of semiconductor production, increasing complexity of electronic devices, demand for quality assurance testing, growth in automotive electronics.
The test and measurement equipment market size is expected to see strong growth in the next few years. It will grow to $45.19 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to electric vehicle electronics expansion, growth in 5g and next generation networks, rising semiconductor fab investments, increased automation in industrial testing, demand for advanced aerospace testing solutions. Major trends in the forecast period include rising adoption of automated test systems, growing demand for high frequency and high speed testing, increased use of portable and handheld instruments, higher focus on measurement accuracy and reliability, expansion of integrated hardware software test platforms.
The rapid implementation of 5G networks is expected to propel the growth of the test and measurement equipment market. 5G networks, representing the fifth generation of wireless technology, operate on higher frequency bands, necessitating specialized equipment for signal measurement and analysis. Test and measurement tools play a crucial role in ensuring the proper allocation and utilization of the frequency spectrum. According to Telefonaktiebolaget LM Ericsson, the deployment of 5G networks was in progress, covering around 240 networks globally, with a projected increase of approximately 85% until 2028. Additionally, 5G Americas reported a 76% increase in 5G wireless connections, reaching 1.05 billion in 2022 and expected to reach 1.9 billion by the end of 2023 and 5.9 billion by 2027. Therefore, the widespread implementation of 5G networks is set to drive the test and measurement equipment market.
Leading companies in the test and measurement equipment market are concentrating on developing advanced products, such as particle measuring equipment, to address the increasing demands for precision and accuracy across various industries. Particle measuring equipment is utilized to detect and quantify the concentration and size of particles in air, liquids, or gases. For example, in June 2024, Advantest Corporation, a Japan-based manufacturer of automated test and measurement equipment, introduced the WEL2100, a particle measuring device specifically designed for the high-precision measurement of fine particles, including lipid nanoparticles (LNP) used in drug delivery systems, as well as viruses and exosomes. The WEL2100 features a highly accurate nanopore sensor, created using semiconductor manufacturing techniques and microcurrent measurement technology. This enables the rapid and precise measurement of individual particles' quantity, size, and zeta potential.
In March 2023, KKR & Co. Inc. acquired Industrial Physics for an undisclosed amount. This acquisition allows KKR & Co. Inc. to achieve its investment target, allocate funds to the equipment testing company, and further diversify its investment portfolio. Industrial Physics is a manufacturing company based in the United States, specializing in the production of test, measurement, and inspection equipment.
Major companies operating in the test and measurement equipment market are AMETEK Inc., Fortive Corporation, Tektronix Inc., Teledyne Technologies Incorporated, Keysight Technologies Inc., Advantest Corporation, Rohde & Schwarz GmbH & Co. KG, Yokogawa Electric Corporation, Bruker Corporation, National Instruments Corporation, Fluke Corporation, Viavi Solutions Inc., EXFO America Inc., Anritsu Corporation, AEM Holdings Ltd., Chroma Systems Solutions, RIGOL Technologies, OWON Technology Inc., Scientech Technologies Pvt. Ltd., GW Instek, B&K Precision Corporation, Tegam Inc.
Asia-Pacific was the largest region in the test and measurement equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the test and measurement equipment market report during the forecast period. The regions covered in the test and measurement equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the test and measurement equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The test and measurement equipment market consists of sales of liquid test and measurement equipment, voltmeters, ohmmeters, ammeters, and mustimeters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Test And Measurement Equipment Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses test and measurement equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for test and measurement equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The test and measurement equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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