Test and Measurement Equipment Market Forecast and Trends Analysis Research Report 2020-2027

The GMI Research forecasts that the test and measurement equipment market is witnessing an upsurge in demand during the forecast period. This is mainly due to the growing adoption of IoT devices and the deployment of 4G networks.

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Top Manufacturers in the Test and Measurement Equipment Market:

  • Fortive
  • Keysight Technologies
  • Rohde & Schwarz USA, Inc.
  • National Instruments Corp.
  • VIAVI Solutions Inc.
  • Anritsu
  • Yokogawa India Ltd.
  • EXFO Inc.
  • Texas Instruments Incorporated

Test and Measurement Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The strong demand for test and measurement equipment in various end-user sectors, such as IT & Telecommunications, healthcare, aerospace & defense, semiconductor & electronics, the aerospace sector, and the education & government is boosting the growth of the global test and measurement equipment market. Moreover, the growing adoption of IoT devices, and the deployment of 4G networks is one of the emerging test and measurement industry trends that is surging the growth of the market. As per test and measurement industry report, the rapid digital transformation in the automotive sector is rising the retrofitting of devices and equipment fitted with multiple ranges of test and measurement equipment, such as automotive, digital advanced telecom infrastructure, and electrical tester. There is an upsurge in the demand of the data centers for many test and measurement equipment for the monitoring of device condition, signal strength, and data transmission condition. According to the test and measurement industry analysis, the factors hampering the growth of the global test and measurement equipment market include the growing penetration of rental and leasing services and the increasing price of test and measurement equipment.

Regional Drivers

Based on the region, Asia-pacific is projected to dominate the market over the forecast period. This is attributed to the presence of top producers of consumer electronic devices, including laptops, gaming consoles, and smartphones. China is the becoming a hub for semiconductor fabrication and manufacturing and has been included in the introduction and development of IoT, which is leading to an increase of these sectors, thereby enhancing the demand of the market in the region.

Test and Measurement Equipment Market Segmentation:

Segmentation by Product:
  • General Purpose Test Equipment (GPTE)
  • Mechanical Test Equipment (MTE)
Segmentation by Service Type:
  • Calibration Services
  • Repair Services/After-Sales Services
  • Other Services
Segmentation by End-Use Sector:
  • Automotive & Transportation
  • Aerospace & Defense
  • Equipment in Aerospace & Defense
  • Education & Government
  • Semiconductor & Electronics
  • Industrial
  • Healthcare (Medical)
Segmentation by Region:
  • North America

o   United States of America

o   Canada

  • Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

  • Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

  • RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research’s extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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