Test and Measurement Equipment Market

Test and Measurement Equipment Market Size, Share | Trends Report 2023-28

IMARC Group, a leading market research company, has recently releases report titled “Test and Measurement Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global test and measurement equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the test and measurement equipment market?

The global test and measurement equipment market size reached US$ 24.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.59% during 2023-2028.

What is test and measurement equipment?

Test and measurement equipment are improved electronic devices and systems that measure and test several electrical, physical, and electronic properties and parameters. They are designed to create signals and record responses from numerous electronic devices under test (DUTs) to identify faults and secure the proper functioning of the equipment. These tools are employed in numerous applications, including manufacturing, research and development, quality control, product design, maintenance, and repair. They include instruments such as signal generators, spectrum analyzers, oscilloscopes, digital multimeters, network analyzers, and specialized equipment, including thermal imaging cameras and environmental test chambers. In addition, they help secure products that meet design specifications, requirements, and standards, enhancing product reliability and quality.

Moreover, they allow accurate and precise measurements of several physical and electrical properties, which is essential for research and development across multiple domains. Furthermore, they generate valuable data and information that helps to increase understanding of numerous phenomena and systems, resulting in further advancements and innovations. As a result, test and measurement equipment are extensively utilized in various industrial verticals such as aerospace, automotive, information and technology (IT), defense, transportation, telecom, semiconductor and electronics, and education industries across the globe.

Request for a sample copy of this report: https://www.imarcgroup.com/test-measurement-equipment-market/requestsample

What are the growth prospects and trends in the test and measurement equipment industry?

The global market is majorly driven by the increasing product demand across electronics, telecommunications, automotive, aerospace, and defense industries. In line with this, the rising demand for high-quality products and rapid technological advancements are significantly contributing to market growth. Furthermore, leading companies in the market are focusing on innovation, product differentiation, and expanding their global presence to maintain a competitive edge. Apart from this, the growing technological progress in networking and communication is positively influencing the market. Moreover, the ongoing trend of developing and adopting 5G wave technologies is creating a positive outlook for the market. Besides, significant growth in the electronics industry and the escalating product demand for testing and diagnosing faults in aircraft are catalyzing the market. Additionally, the rapid integration of connected devices with the Internet of Things (IoT) and rapid industrialization worldwide are propelling the market.  

What is included in market segmentation?

The report has segmented the market into the following categories:

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 (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • 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.
  • Yokogawa Electric Corporation.

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US


134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

Leave a Reply

Your email address will not be published. Required fields are marked *