Market Overview:
The global test and measurement equipment market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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, along with forecasts at the global, regional and country level from 2022-2027. 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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Service Type, Product, End Use Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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 |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global test and measurement equipment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global test and measurement equipment market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the service type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global test and measurement equipment market and who are the key players?
- What is the degree of competition in the industry?
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
9.2 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
9.3 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
9.4 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
9.5 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
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$), 2016-2021
Figure 3: Global: Test and Measurement Equipment Market: Breakup by Product (in %), 2021
Figure 4: Global: Test and Measurement Equipment Market: Breakup by Service Type (in %), 2021
Figure 5: Global: Test and Measurement Equipment Market: Breakup by End Use Industry (in %), 2021
Figure 6: Global: Test and Measurement Equipment Market: Breakup by Region (in %), 2021
Figure 7: Global: Test and Measurement Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Test and Measurement Equipment (General Purpose Test Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Test and Measurement Equipment (General Purpose Test Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Test and Measurement Equipment (Mechanical Test Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Test and Measurement Equipment (Mechanical Test Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Test and Measurement Equipment (Calibration Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Test and Measurement Equipment (Calibration Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Test and Measurement Equipment (Repair Services/After-Sales Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Test and Measurement Equipment (Repair Services/After-Sales Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Test and Measurement Equipment (Automotive and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Test and Measurement Equipment (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Test and Measurement Equipment (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Test and Measurement Equipment (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Test and Measurement Equipment (IT and Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Test and Measurement Equipment (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Test and Measurement Equipment (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Test and Measurement Equipment (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Test and Measurement Equipment (Semiconductor and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Test and Measurement Equipment (Semiconductor and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Test and Measurement Equipment (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Test and Measurement Equipment (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia Pacific: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia Pacific: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Test and Measurement Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Test and Measurement Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Test and Measurement Equipment Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Test and Measurement Equipment Market Forecast: Breakup by Service Type (in Million US$), 2022-2027
Table 4: Global: Test and Measurement Equipment Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Test and Measurement Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Test and Measurement Equipment Market Structure
Table 7: Global: Test and Measurement Equipment Market: Key Players