The test and measurement equipment market is expected to grow at a CAGR of 3.7% from USD 27.7 billion in 2021 to USD 33.3 billion. Increasing demand of test and measurement equipment products in the healthcare and IT & telecommunications industry will drive the market.
“Test and measurement equipment market for repair services/ after-sales services is expected to grow at highest CAGR during forecast period”
Repair services are provided for material and workmanship defects. The purpose of repairing is similar to troubleshooting, which includes detecting and eliminating faults present in a product in various stages of the product cycle. Companies connect with their customers through toll-free numbers, online chat, or emails to provide round-the-clock technical assistance. This helps test and measurement equipment service providers to minimize their turnaround time and enhance the quality of the product under inspection.
Players in this market also offer training and development programs to their customers or end users. Training helps users better understand the technical and operational aspects to be able to reduce the error rate. For instance, Yokogawa Electric provides training programs on basic aspects and application, control technologies, and maintenance. Rohde & Schwarz offers services such as repair, warranty extension, repair packages, express repair, and spare parts under its repair services.
“Test and measurement equipment market for GPTE accounted for largest share in 2020”
General-purpose test equipment include oscilloscopes, signal generators, digital multimeters, logic analyzers, spectrum analyzers, bit error rate tester (BERT) solutions, network analyzers, power meters, electronic counters, modular instruments, and automated test equipment (ATE), and power supplies. The characteristics of the above-mentioned type of equipment include large size, bulky displays, and slightly complicated control system and customer user interface. These characteristics are expected to change to an extent owing to the rising demand for miniature devices and the strong focus of test and measurement equipment manufacturers on integrating different types of equipment into one offering.
Most test and measurement equipment offer high bandwidth, more accuracy, and higher resolution than those in the earlier ones. Some prominent verticals in which such equipment are used include IT & telecommunications, healthcare, automotive, and industrial.
“Test and measurement equipment market for industrial end-user industry to hold the largest share during forecast period”
In the industrial sector, test and measurement equipment are used at different product life cycles, such as designing, manufacturing, and maintenance. These products could be solar inverters, MP3 players, cell phones, radar systems, etc. Also, products related to mechanical engineering such as wind turbines, car suspensions, machine health monitoring systems, and steel manufacturing assembly need to be tested for their reliability and performance. Thus, test and measurement equipment play an integral role in the industrial vertical.
According to Rohde-Schwarz (Germany), in the automotive industry, the percentage of electronic devices in cars has been growing at an annual rate of 15%. New applications are continuously being added. For instance, mechanical components are being replaced by industrial robot components of steer-by-wire systems, radar-based safety systems, and new telematics systems designed for collision avoidance and traffic flow control applications. Due to such technological advancements, there is a potential demand for testing and measuring equipment to ensure the proper functioning of all systems and devices.
“North America is expected to hold the largest market for Test and measurement equipment during forecast period”
The market in this region is expected to be driven by the growing demand from the healthcare, and IT and telecommunications sectors. With advancements in autonomous driving technology and recent Internet of Things (IoT) technology trends, there is a need for improved bandwidth and latency reduction, which can be easily achieved through 5G. The US is one of the active participants in the league for commercializing the 5G network throughout the country.
Additionally, the shift toward connected cars and intelligent transportation systems, along with increasing demand for medical devices in the wake of COVID-19, is expected to drive the test and measurement equipment market in the region. Also, the significant presence of major companies offering test and measurement devices in this region and the high demand for test and measurement applications for different applications in the healthcare and telecom verticals fuel market growth in North America.
North America is home to many tier 1 companies in the test and measurement equipment market, including National Instruments (US), Fortive (US), and Keysight Technologies (US). Additionally, Teledyne LeCroy (US), B&K Precision (US), and Stanford Research Systems (US) are among a few private companies in the North American test and measurement equipment market.
Breakdown of the profile of primary participants:
- By Company Type: Tier 1 - 30 %, Tier 2 - 38%, and Tier 3 - 32%
- By Designation: C-level Executives - 44%, Directors - 38%, and Others -18%
- By Region: APAC - 30%, North America- 25%, Europe - 26%, and RoW - 19%
The major players profiled in this report include:
- Fortive (Japan)
- Keysight Technologies (US)
- Anritsu (Japan)
- Advantest (Japan)
- National Instrument (US)
- Yogokawa Electric (Japan)
- VIAVI solutions, Inc. (US)
- EXFO (Canada)
- Rohde & Schwarz (Germany)
- Texas Instruments (US)
Research Coverage
The study segments the test and measurement equipment market report into product type (General Purpose test Equipment and Mechanical Test Equipment), services type (calibration services, repair services/after-sales services and others) and verticals (healthcare, automotive & transportation, aerospace & defense, electronics & semiconductor, education & government, IT & telecommunications). The study also provides market size for various segments regarding four main regions - North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Reasons to buy the report
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the Test and measurement equipment market comprehensively provides the closest approximations of the overall market size and those of the subsegments across different applications and regions.
2. The report provides a detailed analysis of the Test and measurement equipment market with the help of competitive leadership mapping, including crucial companies in the market and their relations in the ecosystem.
3. The report helps stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
4. This report would help stakeholders understand their competitors better and gain insights to enhance their position in the business. The competitive landscape section includes the competitor ecosystem, product developments, partnerships, and mergers & acquisitions in the Test and measurement equipment market."
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| Report Attribute | Details |
|---|---|
| No. of Pages | 245 |
| Published | April 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 27.7 Billion |
| Forecasted Market Value ( USD | $ 33.3 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Years Considered
1.5 Currency
1.6 Package Size
1.7 Limitations
1.8 Stakeholders
1.9 Summary of Changes
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 Key Data from Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Estimating Market Size by Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Estimating Market Size by Top-Down Analysis (Supply Side)
2.2.2.2 Demand- and Supply-Side Approach Analyses
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
3.1 Realistic Scenario (Post-COVID-19)
3.2 Optimistic Scenario (Post-COVID-19)
3.3 Pessimistic Scenario (Post-COVID-19)
4 Premium Insight
4.1 Attractive Opportunities in Test and Measurement Equipment Market
4.2 Test and Measurement Equipment Market, by Product Type
4.3 Test and Measurement Equipment Market for GPTE, by Region
4.4 Test and Measurement Equipment Market, by Vertical
4.5 Test and Measurement Equipment Market, by Service Type
4.6 Test and Measurement Equipment Market for Network Analyzers, by Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Adoption of Electronic Devices
5.2.1.2 Increasing Demand for Modular Instruments by Product Designers and Manufacturers
5.2.1.3 Surging Deployment of Advanced Networking and Communication Technologies
5.2.1.4 Rising Demand for High-Performance and Power-Efficient Electronic Devices
5.2.2 Restraints
5.2.2.1 High Installation and Ownership Costs, Along with Requirement for Skilled Professionals
5.2.2.2 Strong Inclination of Customers Toward Adoption of Test and Measurement Equipment on Rental Basis
5.2.3 Opportunities
5.2.3.1 Advent of 5G Technology and Deployment of LTE and LTE-Advanced (4G) Networks
5.2.3.2 Penetration of IoT Devices
5.2.4 Challenges
5.2.4.1 Difficulties Faced by Vendors in Keeping Up with Constantly Changing Technologies
5.2.4.2 Calibration, Irregularity, and Complexity Issues in Antenna Arrays
5.3 Ycc Drivers
6 Industry Trends
6.1 Value Chain Analysis
6.1.1 Research and Development Engineers
6.1.2 Manufacturers and System Integrators
6.1.3 Distributors and End-User Industries
6.1.4 Post-Sales Service Providers
6.2 Key Industry Trends
6.2.1 Commercialization of IoT Technology
6.2.2 Inclination Toward Adoption of Test and Measurement Equipment on Rental Basis
6.2.3 Trend of Modular Test Instruments
6.2.4 Emergence of 5G Network
6.3 Average Selling Price (ASP) Trends
6.4 Test and Measurement Equipment Market: Patent Analysis
6.5 Import and Export Data
6.6 Tariff and Regulatory Landscape
6.6.1 Regulations Pertaining to Electric and Electronic Testing
6.6.2 Standards Related to Electrical Equipment
6.7 Test and Measurement Equipment Market: Ecosystem Market Map
6.8 Test and Measurement Equipment Market: Porter's Five Forces Analysis
6.8.1 Threat of New Entrants
6.8.2 Threat of Substitutes
6.8.3 Bargaining Power of Suppliers
6.8.4 Bargaining Power of Buyers
6.8.5 Intensity of Competitive Rivalry
6.9 Case Studies
6.9.1 TBG Solutions
6.9.2 Viewpoint Systems
6.9.3 TBG Solutions
7 Test and Measurement Equipment Market, by Product Type
7.1 Introduction
7.1.1 Volume Data
7.2 General-Purpose Test Equipment (GPTE)
7.2.1 Oscilloscopes
7.2.1.1 Wide Use of Oscilloscopes to Carry Out High-Speed Testing
7.2.2 Signal Generators
7.2.2.1 Increased Demand for Signal Generators in Aerospace & Defense, Automotive, Electronics & Semiconductor, and Healthcare Verticals
7.2.3 Multimeters
7.2.3.1 High Adoption of Multimeters Owing to Their High Accuracy
7.2.4 Logic Analyzers
7.2.4.1 High Usefulness of Logic Analyzers in Debugging Digital Hardware and Embedded Software
7.2.5 Spectrum Analyzers
7.2.5.1 Measurement of Critical Parameters for Communication Made Easy with Spectrum Analyzers
7.2.6 Bert Solutions
7.2.6.1 High Implementation of Bert Solutions to Test Digital Communication Circuits
7.2.7 Network Analyzers
7.2.7.1 Effective Use of Network Analyzers in R&D and Production Stages
7.2.8 Power Meters
7.2.8.1 Surged Demand for Power Meters for Testing Output Power of Communication Base-Station Transmitters, Cellular Telephones, Residential Electricity Meters
7.2.9 Electronic Counters
7.2.9.1 High Adoption of Electronic Counters in Applications Such as Display of Batch Counting, Numeric Positioning, Coil Winds,
7.2.10 Modular Instruments
7.2.10.1 Technology Convergence and Device Complexity Drive Need for Modular Architecture
7.2.11 Automated Test Equipment (Ate)
7.2.11.1 High Utilization of Automated Test Equipment to Reduce Manufacturing Time
7.2.12 Power Supplies
7.2.12.1 Increased Need to Control a Higher Degree of Load Creating Demand for Power Supplies
7.3 Mechanical Test Equipment (Mte)
7.3.1 Utilization of Mechanical Test Equipment to Perform Stress Analysis of Product
7.3.2 Non-Destructive Test Equipment
7.3.2.1 Non-Destructive Testing Market is in Maturity Stage
7.3.3 Machine Vision Inspection Systems
7.3.3.1 Machine Vision is Key Technology in Area of Manufacturing and Quality Control
7.3.4 Machine Condition Monitoring Systems
7.3.4.1 Machine Condition Monitoring System is Essential Part of Predictive Maintenance Program
8 Test and Measurement Equipment Market, by Service Type
8.1 Introduction
8.2 Calibration Services
8.2.1 Calibration Services Are Adopted to Identify Gap Between Actual Performance and Standard Performance of Any Equipment
8.3 Repair Services/After-Sales Services
8.3.1 Repair/After-Sales Services Minimize Turnaround Time and Enhance Under-Inspection Product Quality
8.4 Other Services
8.4.1 Asset Management
8.4.1.1 Asset Management Services Are Outsourced to Ensure Total Technical Compliance
8.4.2 Consulting and Training
8.4.2.1 Consulting and Training Service Providers Assist in Implementing and Optimizing Industrial Processes
8.4.3 Climatic Product Testing
8.4.3.1 Climatic Product Testing Ensures Products Can Function Even Under Extreme Climatic Conditions
8.4.4 Environment Product Testing
8.4.4.1 Environment Tests Carried Out to Verify If Products Can Withstand Different Environmental Conditions
8.4.5 Shock Testing
8.4.5.1 Shock Testing Mostly Conducted on Products Deployed in Military and Consumer Applications
8.4.6 Extended Premium Plans
8.4.6.1 Attractive Offers on Services for Two or More Years
9 Test and Measurement Equipment Market, by Vertical
9.1 Introduction
9.2 Automotive and Transportation
9.2.1 Sophisticated Electronic Systems Are in Demand for Luxury Cars and Sport Utility Vehicles
9.3 Aerospace & Defense
9.3.1 High Adoption of Test and Measurement Equipment in Aerospace & Defense with Growing Concerns of Air Traffic Control
9.4 It and Telecommunications
9.4.1 Increased Demand for Wireless Technologies Drives Demand for Test and Measurement Equipment in It and Telecommunications
9.5 Education and Government
9.5.1 Surged Need for General-Purpose Test Equipment in Education and Government Vertical Propels Market Growth
9.6 Electronics & Semiconductor
9.6.1 Strong Focus of Providers of Consumer Electronics to Reduce Time to Market Creating Demand for Test and Measurement Equipment
9.7 Industrial
9.7.1 Escalated Demand for Testing and Measuring Equipment in Industrial Vertical to Ensure Proper Functioning of Machinery
9.8 Healthcare (Medical)
9.8.1 Strong Requirement to Enhance Efficiency and Accuracy of Medical Devices Accelerates Demand for Testing Equipment in Healthcare
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Surging Adoption of Communication Test and Measurement Solutions to Deliver High-Quality Video, Voice, and Data Services
10.2.2 Canada
10.2.2.1 Increasing Demand for Communication Testing and Broadband Services Boosting Market Growth
10.2.3 Mexico
10.2.3.1 Rising Demand for Compact Cars to Foster Test and Measurement Equipment Market Growth
10.3 Europe
10.3.1 Germany
10.3.1.1 Escalating Demand from Automotive Industry to Drive Test and Measurement Equipment Market Growth
10.3.2 UK
10.3.2.1 Increasing Investment in Privatization of Energy Sector to Foster Market Growth
10.3.3 France
10.3.3.1 Rising Adoption of Test and Measurement Equipment in Aerospace & Defense Vertical
10.3.4 Italy
10.3.4.1 Surging Adoption of Test and Measurement Equipment in Consumer Goods and Aerospace & Defense Verticals
10.3.5 Spain
10.3.5.1 Thriving It & Telecom and Industrial Manufacturing Sectors to Support Test and Measurement Equipment Market Growth
10.3.6 Netherlands
10.3.6.1 Booming It & Telecom and Industrial Manufacturing Vertical to Help Revive Demand for Test and Measurement Equipment
10.3.7 Rest of Europe
10.4 APAC
10.4.1 China
10.4.1.1 Flourishing Consumer Electronics and Manufacturing Sectors Drives Demand for Test and Measurement Equipment in China
10.4.2 Japan
10.4.2.1 Thriving Consumer Goods, Medical Devices, and It & Telecom Industries to Drive Demand for Test and Measurement Equipment
10.4.3 India
10.4.3.1 Ongoing Initiatives by Government of India to Boost Foreign Direct Investments in Country to Support Market Growth
10.4.4 South Korea
10.4.4.1 Surging Adoption of Test and Measurement Equipment in Semiconductor and Electronics Sectors Continues to Drive Market Growth Amidst Pandemic
10.4.5 Australia
10.4.5.1 Rising Utilization of Test and Measurement Equipment by It and Telecom Service Providers to Promote Market Growth
10.4.6 Singapore
10.4.6.1 Growing Focus on Improving Product Quality and High Standard of Living Allowing Market in Singapore to Witness Swift Bounce Back
10.4.7 Rest of APAC
10.5 RoW
10.5.1 South America
10.5.1.1 Brazil
10.5.1.1.1 Booming Medical and Life Sciences Industry to Create Revenue Pockets for Test and Measurement Equipment Providers in Brazil
10.5.1.2 Argentina
10.5.1.2.1 Rising Adoption of Wireless Communication Solutions and Increasing Demand for Improved Medical Devices Drive Market Growth
10.5.1.3 Rest of South America
10.5.2 Middle East & Africa
10.5.2.1 Saudi Arabia
10.5.2.1.1 Increased Need for Improved Medical Devices to Fuel Demand for Test and Measurement Equipment
10.5.2.2 United Arab Emirates (Uae)
10.5.2.2.1 Positive Reinforcement of Government to Exhibit Rapid Market Growth During Forecast Period
10.5.2.3 Rest of Middle East and Africa
11 Competitive Landscape
11.1 Introduction
11.2 Market Share Analysis: Test and Measurement Equipment Market
11.3 Historical Revenue Analysis, 2015-2019
11.4 Company Evaluation Quadrant
11.4.1 Star
11.4.2 Emerging Leader
11.4.3 Pervasive
11.4.4 Participant
11.5 Startup/Sme Evaluation Matrix
11.5.1 Progressive Company
11.5.2 Responsive Company
11.5.3 Dynamic Company
11.5.4 Starting Block
11.6 Competitive Situations and Trends
11.6.1 Product/Solution Launches
11.6.2 Partnerships/Agreements
11.6.3 Acquisitions
12 Company Profiles
12.1 Introduction
12.2 Key Players
12.2.1 Fortive
12.2.1.1 Business Overview
12.2.1.2 Products/Solutions Offered
12.2.1.3 Recent Developments
12.2.1.4 Analyst's View
12.2.1.4.1 Key Strengths/Right to Win
12.2.1.4.2 Strategic Choices Made
12.2.1.4.3 Weaknesses and Competitive Threats
12.2.2 Keysight Technologies
12.2.2.1 Business Overview
12.2.2.2 Products/Solutions Offered
12.2.2.3 Recent Developments
12.2.2.4 Analyst's View
12.2.2.4.1 Key Strengths/Right to Win
12.2.2.4.2 Strategic Choices Made
12.2.2.4.3 Weaknesses and Competitive Threats
12.2.3 Rohde & Schwarz
12.2.3.1 Business Overview
12.2.3.2 Products/Solutions Offered
12.2.3.3 Recent Developments
12.2.3.4 Analyst's View
12.2.3.4.1 Key Strengths/Right to Win
12.2.3.4.2 Strategic Choices Made
12.2.3.4.3 Weaknesses and Competitive Threats
12.2.4 Advantest
12.2.4.1 Business Overview
12.2.4.2 Products/Solutions Offered
12.2.4.3 Recent Developments
12.2.4.4 Analyst's View
12.2.4.4.1 Key Strengths/Right to Win
12.2.4.4.2 Strategic Choices Made
12.2.4.4.3 Weaknesses and Competitive Threats
12.2.5 National Instruments
12.2.5.1 Business Overview
12.2.5.2 Products/Solutions Offered
12.2.5.3 Recent Developments
12.2.5.4 Analyst's View
12.2.5.4.1 Key Strengths/Right to Win
12.2.5.4.2 Strategic Choices Made
12.2.5.4.3 Weaknesses and Competitive Threats
12.2.6 Viavi Solutions
12.2.6.1 Business Overview
12.2.6.2 Products/Solutions Offered
12.2.6.3 Recent Developments
12.2.7 Anritsu
12.2.7.1 Business Overview
12.2.7.2 Products/Solutions Offered
12.2.7.3 Recent Developments
12.2.8 Yokogawa Electric
12.2.8.1 Business Overview
12.2.8.2 Products/Solutions Offered
12.2.8.3 Recent Developments
12.2.9 Exfo
12.2.9.1 Business Overview
12.2.9.2 Products/Solutions Offered
12.2.9.3 Recent Developments
12.2.10 Texas Instruments
12.2.10.1 Business Overview
12.2.10.2 Products/Solutions Offered
12.2.10.3 Recent Developments
12.2.10.4 Analyst's View
12.2.10.4.1 Key Strengths/Right to Win
12.2.10.4.2 Strategic Choices Made
12.2.10.4.3 Weaknesses and Competitive Threats
12.3 Other Players
12.3.1 Gw Instek
12.3.2 Ametek
12.3.3 Adlink Technology
12.3.4 Leader Instruments
12.3.5 Leonardo
12.3.6 Dynamicsignals
12.3.7 Freedom Communication
12.3.8 Vaunix
12.3.9 Ds Instruments
12.3.10 Saluki
13 Appendix
13.1 Insights from Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (179 Table)
Table 1 Currency Conversion Rates
Table 2 Top 10 Patent Owners for Test and Measurement Equipment
Table 3 Regulations in US
Table 4 Standards and Description
Table 5 Test and Measurement Equipment Market: Porter's Five Forces Analysis
Table 6 Tbg Solutions Provided Automated Test System to Test Seat Belt Quality in Lesser Time
Table 7 Viewpoint Systems Provided Reliable Sensor Subsystem That Ensured Uninterrupted Data to Client
Table 8 TBG Solutions Provided with Test System That Tested Range of Led Products
Table 9 Test and Measurement Equipment Market, by Product Type, 2017-2020 (USD Million)
Table 10 Test and Measurement Equipment Market, by Product Type, 2021-2026 (USD Million)
Table 11 Test and Measurement Equipment Market for Product Types, by Vertical, 2017-2020 (USD Million)
Table 12 Test and Measurement Equipment Market for Product Types, by Vertical, 2021-2026 (USD Million)
Table 13 Test and Measurement Equipment Market for Product Type, by Region, 2017-2020 (USD Million)
Table 14 Test and Measurement Equipment Market for Product Types, by Region, 2021-2026 (USD Million)
Table 15 General-Purpose Testing Equipment Market, in Terms of Value and Volume, 2017-2020
Table 16 General-Purpose Testing Equipment Market, in Terms of Value and Volume, 2021-2026
Table 17 General-Purpose Testing Equipment Market, by Region, 2017-2020 (Thousand Units)
Table 18 General-Purpose Testing Equipment Market, by Region, 2021-2026 (Thousand Units)
Table 19 Test and Measurement Equipment Market for GPTE, by Type, 2017-2020 (Thousand Units)
Table 20 Test and Measurement Equipment Market for GPTE, by Type, 2021-2026 (Thousand Units)
Table 21 Test and Measurement Equipment Market for GPTE, by Type, 2017-2020 (USD Million)
Table 22 Test and Measurement Equipment Market for GPTE, by Type, 2021-2026 (USD Million)
Table 23 Test and Measurement Equipment Market for GPTE, by Vertical, 2017-2020 (USD Million)
Table 24 Test and Measurement Equipment Market for GPTE, by Vertical, 2021-2026 (USD Million)
Table 25 Test and Measurement Equipment Market for GPTE, by Region, 2017-2020 (USD Million)
Table 26 Test and Measurement Equipment Market for GPTE, by Region, 2021-2026 (USD Million)
Table 27 Test and Measurement Equipment Market for Oscilloscopes, by Vertical, 2017-2020 (USD Million)
Table 28 Test and Measurement Equipment Market for Oscilloscopes, by Vertical, 2021-2026 (USD Million)
Table 29 Test and Measurement Equipment Market for Oscilloscopes, by Region, 2017-2020 (USD Million)
Table 30 Test and Measurement Equipment Market for Oscilloscopes, by Region, 2021-2026 (USD Million)
Table 31 Test and Measurement Equipment Market for Signal Generators, by Vertical, 2017-2020 (USD Million)
Table 32 Test and Measurement Equipment Market for Signal Generators, by Vertical, 2021-2026 (USD Million)
Table 33 Test and Measurement Equipment Market for Signal Generators, by Region, 2017-2020 (USD Million)
Table 34 Test and Measurement Equipment Market for Signal Generators, by Region, 2021-2026 (USD Million)
Table 35 Test and Measurement Equipment Market for Multimeters, by Vertical, 2017-2020 (USD Million)
Table 36 Test and Measurement Equipment Market for Multimeters, by Vertical, 2021-2026 (USD Million)
Table 37 Test and Measurement Equipment Market for Multimeters, by Region, 2017-2020 (USD Million)
Table 38 Test and Measurement Equipment Market for Multimeters, by Region, 2021-2026 (USD Million)
Table 39 Test and Measurement Equipment Market for Logic Analyzers, by Vertical, 2017-202 0 (USD Million)
Table 40 Test and Measurement Equipment Market for Logic Analyzers, by Vertical, 2021-2026 (USD Million)
Table 41 Test and Measurement Equipment Market for Logic Analyzers, by Region, 2017-2020 (USD Million)
Table 42 Test and Measurement Equipment Market for Logic Analyzers, by Region, 2021-2026 (USD Million)
Table 43 Test and Measurement Equipment Market for Spectrum Analyzers, by Vertical, 2017-2020 (USD Million)
Table 44 Test and Measurement Equipment Market for Spectrum Analyzers, by Vertical, 2021-2026 (USD Million)
Table 45 Test and Measurement Equipment Market for Spectrum Analyzers, by Region, 2017-2020 (USD Million)
Table 46 Test and Measurement Equipment Market for Spectrum Analyzers, by Region, 2021-2026 (USD Million)
Table 47 Test and Measurement Equipment Market for Bert Solutions, by Vertical, 2017-2020 (USD Million)
Table 48 Test and Measurement Equipment Market for Bert Solutions, by Vertical, 2021-2026 (USD Million)
Table 49 Test and Measurement Equipment Market for Bert Solutions, by Region, 2017-2020 (USD Million)
Table 50 Test and Measurement Equipment Market for Bert Solutions, by Region, 2021-2026 (USD Million)
Table 51 Test and Measurement Equipment Market for Network Analyzers, by Vertical, 2017-2020 (USD Million)
Table 52 Test and Measurement Equipment Market for Network Analyzers, by Vertical, 2021-2026 (USD Million)
Table 53 Test and Measurement Equipment Market for Network Analyzers, by Region, 2017-2020 (USD Million)
Table 54 Test and Measurement Equipment Market for Network Analyzers, by Region, 2021-2026 (USD Million)
Table 55 Test and Measurement Equipment Market for Power Meters, by Vertical, 2017-2020 (USD Million)
Table 56 Test and Measurement Equipment Market for Power Meters, by Vertical, 2021-2026 (USD Million)
Table 57 Test and Measurement Equipment Market for Power Meters, by Region, 2017-2020 (USD Million)
Table 58 Test and Measurement Equipment Market for Power Meters, by Region, 2021-2026 (USD Million)
Table 59 Test and Measurement Equipment Market for Electronic Counters, by Vertical, 2017-2020 (USD Million)
Table 60 Test and Measurement Equipment Market for Electronic Counters, by Vertical, 2021-2026 (USD Million)
Table 61 Test and Measurement Equipment Market for Electronic Counters, by Region, 2017-2020 (USD Million)
Table 62 Test and Measurement Equipment Market for Electronic Counters, by Region, 2021-2026 (USD Million)
Table 63 Test and Measurement Equipment Market for Modular Instrumentation, by Vertical, 2017-2020 (USD Million)
Table 64 Test and Measurement Equipment Market for Modular Instrumentation, by Vertical, 2021-2026 (USD Million)
Table 65 Test and Measurement Equipment Market for Modular Instruments, by Region, 2017-2020 (USD Million)
Table 66 Test and Measurement Equipment Market for Modular Instruments, by Region, 2021-2026 (USD Million)
Table 67 Test and Measurement Equipment Market for Automated Test Equipment, by Vertical, 2017-2020 (USD Million)
Table 68 Test and Measurement Equipment Market for Automated Test Equipment, by Vertical, 2021-2026 (USD Million)
Table 69 Test and Measurement Equipment Market for Automated Test Equipment, by Region, 2017-2020 (USD Million)
Table 70 Test and Measurement Equipment Market for Automated Test Equipment, by Region, 2021-2026 (USD Million)
Table 71 Test and Measurement Equipment Market for Power Supplies, by Vertical, 2017-2020 (USD Million)
Table 72 Test and Measurement Equipment Market for Power Supplies, by Vertical, 2021-2026 (USD Million)
Table 73 Test and Measurement Equipment Market for Power Supplies, by Region, 2017-2020 (USD Million)
Table 74 Test and Measurement Equipment Market for Power Supplies, by Region, 2021-2026 (USD Million)
Table 75 Test and Measurement Equipment Market, by Mte Type, 2017-2020 (USD Million)
Table 76 Test and Measurement Equipment Market, by Mte Type, 2021-2026 (USD Million)
Table 77 Test and Measurement Equipment Market for Mte, by Vertical, 2017-2020 (USD Million)
Table 78 Test and Measurement Equipment Market for Mte, by Vertical, 2021-2026 (USD Million)
Table 79 Test and Measurement Equipment Market for Mte, by Region, 2017-2020 (USD Million)
Table 80 Test and Measurement Equipment Market for Mte, by Region, 2021-2026 (USD Million)
Table 81 Test and Measurement Equipment Market for Non-Destructive Test Equipment, by Vertical, 2017-2020 (USD Million)
Table 82 Test and Measurement Equipment Market for Non-Destructive Test Equipment, by Vertical, 2021-2026 (USD Million)
Table 83 Test and Measurement Equipment Market for Non-Destructive Test Equipment, by Region, 2017-2020 (USD Million)
Table 84 Test and Measurement Equipment Market for Non-Destructive Test Equipment, by Region, 2021-2026 (USD Million)
Table 85 Test and Measurement Equipment Market for Machine Vision Inspection Systems, by Vertical, 2017-2020 (USD Million)
Table 86 Test and Measurement Equipment Market for Machine Vision Inspection Systems, by Vertical, 2021-2026 (USD Million)
Table 87 Test and Measurement Equipment Market for Machine Vision Inspection Systems, by Region, 2017-2020 (USD Million)
Table 88 Test and Measurement Equipment Market for Machine Vision Inspection Systems, by Region, 2021-2026 (USD Million)
Table 89 Test and Measurement Equipment Market for Machine Condition Monitoring Systems, by Vertical, 2017-2020 (USD Million)
Table 90 Test and Measurement Equipment Market for Machine Condition Monitoring Systems, by Vertical, 2021-2026 (USD Million)
Table 91 Test and Measurement Equipment Market for Machine Condition Monitoring Systems, by Region, 2017-2020 (USD Million)
Table 92 Test and Measurement Equipment Market for Machine Condition Monitoring Systems, by Region, 2021-2026 (USD Million)
Table 93 Test and Measurement Equipment Market, by Service Type, 2017-2020 (USD Million)
Table 94 Test and Measurement Equipment Market, by Service Type, 2021-2026 (USD Million)
Table 95 Test and Measurement Equipment Market for Services, by Application, 2017-2020 (USD Million)
Table 96 Test and Measurement Equipment Market for Services, by Application, 2021-2026 (USD Million)
Table 97 Test and Measurement Equipment Market for Services, by Region, 2017-2020 (USD Million)
Table 98 Test and Measurement Equipment Market for Services, by Region, 2021-2026 (USD Million)
Table 99 Test and Measurement Equipment Market, by Vertical, 2017-2020 (USD Million)
Table 100 Test and Measurement Equipment Market, by Vertical, 2021-2026 (USD Million)
Table 101 Test and Measurement Equipment Market for Automotive and Transportation, by Product Type, 2017-2020 (USD Million)
Table 102 Test and Measurement Equipment Market for Automotive and Transportation, by Product Type, 2021-2026 (USD Million)
Table 103 Test and Measurement Equipment Market for Aerospace & Defense, by Product Type, 2017-2020 (USD Million)
Table 104 Test and Measurement Equipment Market for Aerospace & Defense, by Product Type, 2021-2026 (USD Million)
Table 105 Test and Measurement Equipment Market for It and Telecommunications, by Product Type, 2017-2020 (USD Million)
Table 106 Test and Measurement Equipment Market for It and Telecommunications, by Product Type, 2021-2026 (USD Million)
Table 107 Test and Measurement Equipment Market for Education and Government, by Product Type, 2017-2020 (USD Million)
Table 108 Test and Measurement Equipment Market for Education and Government, by Product Type, 2021-2026 (USD Million)
Table 109 Test and Measurement Equipment Market for Electronics & Semiconductor, by Product Type, 2017-2020 (USD Million)
Table 110 Test and Measurement Equipment Market for Electronics & Semiconductor, by Product Type, 2021-2026 (USD Million)
Table 111 Test and Measurement Equipment Market for Industrial, by Product Type, 2017-2020 (USD Million)
Table 112 Test and Measurement Equipment Market for Industrial, by Product Type, 2021-2026 (USD Million)
Table 113 Test and Measurement Equipment Market for Healthcare, by Product Type, 2017-2020 (USD Million)
Table 114 Test and Measurement Equipment Market for Healthcare, by Product Type, 2021-2026 (USD Million)
Table 115 Test and Measurement Equipment Market, by Region, 2017-2020 (USD Million)
Table 116 Test and Measurement Equipment Market, by Region, 2021-2026 (USD Million)
Table 117 Test and Measurement Equipment Market in North America, by Country, 2017-2020 (USD Million)
Table 118 Test and Measurement Equipment Market in North America, by Country, 2021-2026 (USD Million)
Table 119 Test and Measurement Equipment Market in North America, by Product Type, 2017-2020 (USD Million)
Table 120 Test and Measurement Equipment Market in North America, by Product Type, 2021-2026 (USD Million)
Table 121 Test and Measurement Equipment Market in North America, by GPTE, 2017-2020 (USD Million)
Table 122 Test and Measurement Equipment Market in North America, by GPTE Type, 2021-2026 (USD Million)
Table 123 Test and Measurement Equipment Market in North America, by Mte Type, 2017-2020 (USD Million)
Table 124 Test and Measurement Equipment Market in North America, by Mte Type, 2021-2026 (USD Million)
Table 125 Test and Measurement Equipment Market in Europe, by Country, 2017-2020 (USD Million)
Table 126 Test and Measurement Equipment Market in Europe, by Country, 2021-2026 (USD Million)
Table 127 Test and Measurement Equipment Market in Europe, by Product Type, 2017-2020 (USD Million)
Table 128 Test and Measurement Equipment Market in Europe, by Product Type, 2021-2026 (USD Million)
Table 129 Test and Measurement Equipment Market in Europe, by GPTE Type, 2017-2020 (USD Million)
Table 130 Test and Measurement Equipment Market in Europe, by GPTE Type, 2021-2026 (USD Million)
Table 131 Test and Measurement Equipment Market in Europe, by Mte Type, 2017-2020 (USD Million)
Table 132 Test and Measurement Equipment Market in Europe, by Mte Type, 2021-2026 (USD Million)
Table 133 Test and Measurement Equipment Market in APAC, by Country, 2017-2020 (USD Million)
Table 134 Test and Measurement Equipment Market in APAC, by Country, 2021-2026 (USD Million)
Table 135 Test and Measurement Equipment Market in APAC, by Product Type, 2017-2020 (USD Million)
Table 136 Test and Measurement Equipment Market in APAC, by Product Type, 2021-2026 (USD Million)
Table 137 Test and Measurement Equipment Market in APAC, by GPTE Type, 2017-2020 (USD Million)
Table 138 Test and Measurement Equipment Market in APAC, by GPTE Type, 2021-2026 (USD Million)
Table 139 Test and Measurement Equipment Market in APAC, by Mte Type, 2017-2020 (USD Million)
Table 140 Test and Measurement Equipment Market in APAC, by Mte Type, 2021-2026 (USD Million)
Table 141 Test and Measurement Equipment Market in RoW, by Region, 2017-2020 (USD Million)
Table 142 Test and Measurement Equipment Market in RoW, by Region, 2021-2026 (USD Million)
Table 143 Test and Measurement Equipment Market in RoW, by Product Type, 2017-2020 (USD Million)
Table 144 Test and Measurement Equipment Market in RoW, by Product Type, 2021-2026 (USD Million)
Table 145 Test and Measurement Equipment Market in RoW, by GPTE Type, 2017-2020 (USD Million)
Table 146 Test and Measurement Equipment Market in RoW, by GPTE Type, 2021-2026 (USD Million)
Table 147 Test and Measurement Equipment Market in RoW, by Mte Type, 2017-2020 (USD Million)
Table 148 Test and Measurement Equipment Market in RoW, by Mte Type, 2021-2026 (USD Million)
Table 149 Test and Measurement Equipment Market in South America, by Country, 2017-2020 (USD Million)
Table 150 Test and Measurement Equipment Market in South America, by Country, 2021-2026 (USD Million)
Table 151 Test and Measurement Equipment Market in Mea, by Country, 2017-2020 (USD Million)
Table 152 Test and Measurement Equipment Market in Mea, by Country, 2021-2026 (USD Million)
Table 153 Market Share Analysis of Key Companies in Test and Measurement Equipment, 2020
Table 154 Company Footprint
Table 155 Company Industrial Footprint
Table 156 Company Regional Footprint
Table 157 Product/Solution Launches, 2018-March 2021
Table 158 Partnerships/Agreements, 2018-February 2021
Table 159 Acquisitions, 2020-February 2021
Table 160 Fortive: Company Overview
Table 161 Keysight Technologies: Company Overview
Table 162 Rohde & Schwarz: Company Overview
Table 163 Advantest: Company Overview
Table 164 National Instruments: Company Overview
Table 165 Viavi Solutions: Company Overview
Table 166 Anritsu: Company Overview
Table 167 Yogokawa Electric: Company Overview
Table 168 Exfo: Company Overview
Table 169 Texas Instruments: Company Overview
Table 170 Gw Instek: Company Overview
Table 171 Ametek: Company Overview
Table 172 Adlink Technology: Company Overview
Table 173 Leader Instruments: Company Overview
Table 174 Leonardo: Company Overview
Table 175 Dynamic Signals: Company Overview
Table 176 Freedom Communication: Company Overview
Table 177 Vaunix: Company Overview
Table 178 Ds Instruments: Company Overview
Table 179 Saluki: Company Overview
List of Figures (64 Figures)
Figure 1 Test and Measurement Equipment Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for Research Study
Figure 7 Test and Measurement Equipment Market: Pre- and Post-COVID-19 Scenario Analysis, 2017-2026 (USD Billion)
Figure 8 Automated Test Equipment Market, by Region, 2021 Vs. 2026 (USD Million)
Figure 9 Automated Test Equipment to Hold Largest Size of GPTE Market During Forecast Period
Figure 10 Calibration Services to Hold Largest Market Size in 2021
Figure 11 Mechanical Test Equipment to Hold Larger Market Size for Industrial Sector in 2021
Figure 12 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 13 APAC Region to Offer Attractive Growth Opportunities for Test and Measurement Market
Figure 14 General-Purpose Test Equipment to Hold Larger Market Size Than Mechanical Test Equipment from 2021 to 2026
Figure 15 Market for Oscilloscopes in North America to Grow at Highest Rate During Forecast Period
Figure 16 Industrial Vertical to Hold Largest Size of Test and Measurement Equipment Market During Forecast Period
Figure 17 APAC Accounted for Largest Share of Test and Measurement Equipment Market for Calibration Services in 2020
Figure 18 Network Analyzers Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 19 Market Dynamics: Overview
Figure 20 Impact Analysis of Drivers on Test and Measurement Equipment Market
Figure 21 Impact Analysis of Restraints on Test and Measurement Equipment Market
Figure 22 Impact Analysis of Opportunities on Test and Measurement Equipment Market
Figure 23 Growth in Volume of IoT Devices, 2018-2030 (Billion Units)
Figure 24 Impact Analysis of Challenges on Test and Measurement Equipment Market
Figure 25 Ycc Drivers of Keysights Technology Acquiring Sanjole on Test and Measurement Equipment Market
Figure 26 Test and Measurement Equipment Value Chain
Figure 27 Leading Trend in Test and Measurement Equipment Market
Figure 28 Average Selling Price of General-Purpose Test Equipment (USD)
Figure 29 Number of Patents for Test and Measurement Equipment from 2010 to 2021
Figure 30 Country-Wise Export Data for Oscilloscopes, Spectrum Analyzers, and Apparatus for Measuring or Checking Electrical Quantities, Hs Code: 9030, 2016-2019 (USD Million)
Figure 31 Country-Wise Import Data for Oscilloscopes, Spectrum Analyzers and Apparatus for Measuring or Checking Electrical Quantities, Hs Code: 9030, 2016-2019 (USD Million)
Figure 32 Country-Wise Export Data for Measuring or Checking Instruments, Appliances, and Machines, Hs Code: 9031, 2016-2019 (USD Million)
Figure 33 Country-Wise Import Data for Measuring or Checking Instruments, Appliances, and Machines, Hs Code: 9031, 2016-2019 (USD Million)
Figure 34 Test and Measurement Equipment Market: Ecosystem
Figure 35 Test and Measurement Equipment Market: Porter's Five Forces Analysis
Figure 36 Test and Measurement Equipment Market: Impact of Forces on Test and Measurement Equipment Market
Figure 37 Major Equipment Considered Under Test and Measurement Equipment Market
Figure 38 Healthcare to Exhibit Highest CAGR in GPTE Market During Forecast Period
Figure 39 Market for Non-Destructive Test Equipment Projected to Grow at Highest CAGR Between 2021 and 2026
Figure 40 Test and Measurement Market, by Service Type
Figure 41 APAC Expected to Dominate Test and Measurement Equipment Market for Services During Forecast Period
Figure 42 Test and Measurement Equipment Market, by Vertical
Figure 43 Mechanical Test Equipment to Lead Market for Automotive and Transportation Vertical/ During Forecast Period
Figure 44 Mechanical Testing Equipment to Exhibit Highest CAGR in Market for Education and Government During Forecast Period
Figure 45 Geographic Snapshot: Test and Measurement Equipment Market in North America Expected to Grow at Highest CAGR During Forecast Period
Figure 46 North America to Exhibit Highest CAGR in Test and Measurement Equipment Market from 2021 to 2026
Figure 47 North America: Test and Measurement Equipment Market Snapshot
Figure 48 Europe: Test and Measurement Equipment Market Snapshot
Figure 49 APAC: Test and Measurement Equipment Market Snapshot
Figure 50 Row: Test and Measurement Equipment Market Snapshot
Figure 51 Key Growth Strategies Adopted by Top Companies from 2017 to March 2021
Figure 52 Historical Revenue Analysis of Major Companies Offering Test and Measurement Equipment, 2015-2019 (USD Million)
Figure 53 Test and Measurement Equipment Market (Global): Company Evaluation Matrix, 2020
Figure 54 Test and Measurement Equipment Market (Global): Startup/Sme Evaluation Matrix, 2020
Figure 55 Company Vertical Footprint
Figure 56 Fortive: Company Snapshot
Figure 57 Keysight Technologies: Company Snapshot
Figure 58 Rohde & Schwarz: Company Snapshot
Figure 59 National Instruments: Company Snapshot
Figure 60 Viavi Solutions: Company
Figure 61 Anritsu: Company Snapshot
Figure 62 Yokogawa Electric: Company Snapshot
Figure 63 Exfo: Company Snapshot
Figure 64 Texas Instruments: Company Snapshot
Executive Summary
Companies Mentioned
- Adlink Technology
- Advantest
- Ametek
- Anritsu
- DS Instruments
- Dynamicsignals
- Exfo
- Fortive
- Freedom Communication
- GW Instek
- Keysight Technologies
- Leader Instruments
- Leonardo
- National Instruments
- Rohde & Schwarz
- Saluki
- Texas Instruments
- Vaunix
- Viavi Solutions
- Yokogawa Electric
