Global Test and Measurement Equipment Market to Reach $43 Billion by 2030
The global market for Test and Measurement Equipment estimated at US$25.9 Billion in the year 2022, is projected to reach a revised size of US$43 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030. Mechanical Test Equipment, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$28.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the General Purpose Test Equipment segment is readjusted to a revised 6.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 9.8% CAGR
The Test and Measurement Equipment market in the U.S. is estimated at US$7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9.2 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.Select Competitors (Total 37 Featured) -
- Adlink Technology
- Advantest
- Ametek
- Anritsu
- B&K Precision
- Ds Instruments
- Dynamicsignals
- EXFO
- Fortive
- Freedom Communication
- Giga-Tronics
- Gw Instek
- Keysight Technologies
- Leader Instruments
- National Instruments Corp.
- Rigol Technologies
- Rohde & Schwarz
- Saluki
- Stanford Research Systems
- Teledyne Technologies Incorporated
- Texas Instruments Incorporated
- Vaunix
- Viavi Solutions
- Yokogawa Electric
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adlink Technology
- Advantest
- Ametek
- Anritsu
- B&K Precision
- Ds Instruments
- Dynamicsignals
- EXFO
- Fortive
- Freedom Communication
- Giga-Tronics
- Gw Instek
- Keysight Technologies
- Leader Instruments
- National Instruments Corp.
- Rigol Technologies
- Rohde & Schwarz
- Saluki
- Stanford Research Systems
- Teledyne Technologies Incorporated
- Texas Instruments Incorporated
- Vaunix
- Viavi Solutions
- Yokogawa Electric
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 25.9 Billion |
Forecasted Market Value ( USD | $ 43 Billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |