Global Renting and Leasing Test and Measurement Equipment Market, By Product Type (General-Purpose Test Equipment, Wireless Test Equipment, Semiconductor Test Equipment, RF Test Chambers), Component (Connectors, Cable Assemblies, Value-Added Accessories), Application (Aerospace and Defense, Healthcare and Medical Equipment, Telecommunication, Electronics and Semiconductor, Industrial and Manufacturing, Automotive, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Renting and Leasing Test and Measurement Equipment Market
The renting and leasing test and measurement equipment market size is valued at USD 6,889.23 million by 2028 is expected to grow at a compound annual growth rate of 5.40% in the forecast period of 2021 to 2028. Data Bridge Market Research report on renting and leasing test and measurement equipment provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The renting and leasing test and measurement equipment usually proffer high-performance products for the calibration of devices by the semiconductor equipment suppliers. The renting and leasing test and measurement equipment finds its applications in laboratories and research institutes, electronics, manufacturing analysis and material analysis.
The high adoption of consumer electronic devices is expected to influence the growth of renting and leasing test and measurement equipment market over the forecast period of 2021 to 2028. Also the rapid technological advancement in telecommunication and networking and commercialization of IoT services across the globe are also anticipated to flourish the growth of the renting and leasing test and measurement equipment market. Furthermore, the high adoption of 5G cellular technology and high demand for high-performance and power-efficient electronic devices are also likely to positively impact the growth of the market. Moreover, the rise in penetration of modular instrumentation and the rapid technological advancement towards networking and communication are also expected create a huge demand for renting and leasing test and measurement equipment as well as lifting the growth of the renting and leasing test and measurement equipment market.
However, the price sensitivity of test and measurement equipment and the absence of standards and protocols are expected to act as the major limitations for the growth of renting and leasing test and measurement equipment in the above mentioned forecasted period, whereas the lack of a skilled workforce can challenge the renting and leasing test and measurement equipment market growth in the forecast period of 2021 to 2028.
Likewise, the rise in automotive industry and advancements in cellular infrastructure and introduction of 5G technologies and deployment of LTE and LTE-advanced (4G) networks are expected to create various new opportunities that will lead to the growth of the renting and leasing test and measurement equipment market in the above mentioned forecasted period.
This renting and leasing test and measurement equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the renting and leasing test and measurement equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Renting and Leasing Test and Measurement Equipment Market Scope and Market Size
The renting and leasing test and measurement equipment market is segmented on the basis of product type, component and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the renting and leasing test and measurement equipment market is segmented into general-purpose test equipment, wireless test equipment, semiconductor test equipment, and RF test chambers. General-purpose test equipment has further been segmented into oscilloscopes, signal generators, analyzers, meters, thermal imagers, bit error ration testers (BERT) and others. Wireless test equipment has further been segmented into logic analyzers, spectrum analyzers, network analyzers and network simulators.
- Based on component, the renting and leasing test and measurement equipment market is segmented into connectors, cable assemblies and value-added accessories.
The application segment of the renting and leasing test and measurement equipment market is segmented into aerospace and defense, healthcare and medical equipment, telecommunication, electronics and semiconductor, industrial and manufacturing, automotive and others.
Renting and Leasing Test and Measurement Equipment Market Country Level Analysis
The renting and leasing test and measurement equipment market is analyzed and market size, volume information is provided by country, product type, component and application as referenced above.
The countries covered in the renting and leasing test and measurement equipment market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the renting and leasing test and measurement equipment market because of the high demand for high-performance and power-efficient electronic devices. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to strong governmental initiatives and constant projects.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Renting and Leasing Test and Measurement Equipment Market Share Analysis
The renting and leasing test and measurement equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to renting and leasing test and measurement equipment market.
The major players covered in the renting and leasing test and measurement equipment market report are Transcat, Inc., Keysight Technologies, VIAVI Solutions Inc., TEKTRONIX, INC., McGrath RentCorp, Inc., Rhode & Schwarz, Anritsu, EXFO Inc., Megger, Bird, Yokogawa India Ltd., Siemens AG, Fluke Corporation, Texas Instruments Incorporated, AMETEK Inc., Teledyne Technologies Incorporated, Fortive, NATIONAL INSTRUMENTS CORP, B&K Precision Corporation, and ADVANTEST CORPORATION, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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