Global Test and Measurement Equipment Market, By Product Type (General Purpose Test Equipment, Mechanical Test Equipment), Service Type (Calibration Services, Repair Services/After-Sales Services, Other Services), End User (Automotive and Transportation, Aerospace and Defense, IT and Telecommunications, Education and Government, Semiconductor and Electronics, Industrial, Healthcare), 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 2027
Test and measurement equipment market is expected to witness market growth at a rate of 4.30% in the forecast period of 2020 to 2027. Data Bridge Market Research report on test and measurement equipment market 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 increasing demand for test and measurement equipment in several applications such as telecommunications, consumer electronics, and semiconductors, rising disposable income of people, growing technological advancements in networking and communication are some of the factors expected to boost the growth of the test and measurement equipment market in the forecast period of 2020-2027. On the other hand, the growing adoption of IoT devices, advent of 5G technology, and deployment of 4G networks will further create several opportunities that will lead to the growth of the test and measurement equipment market in the above mentioned forecast period.
However, high price of test and measurement equipment is expected to restrain the growth of the test and measurement equipment market in the above mentioned period. Also, the penetration of rental and leasing services will act as a challenge to the test and measurement equipment market growth.
This 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 localised 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 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.
Test and Measurement Equipment Market Scope and Market Size
Test and measurement equipment market is segmented on the basis of product type, service, and end user. The growth among segments helps you analyse 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 test and measurement equipment market has been segmented into general purpose test equipment, and mechanical test equipment.
- On the basis of service type, the test and measurement equipment market has been segmented into calibration services, repair services/after-sales services, and other services. Other services have been further segmented into asset management, consulting and training services, climatic product testing, environment product testing, and shock testing.
- On the basis of end user, the test and measurement equipment market has been segmented into automotive and transportation, aerospace and defense, IT and telecommunications, education and government, semiconductor and electronics, industrial, and healthcare.
Test and Measurement Equipment Market Country Level Analysis
Test and measurement equipment market is analysed and market size, volume information is provided by country, product type, service type and end user as referenced above.
The countries covered in the test and measurement equipment market report are the 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 dominates the test and measurement equipment market due to the growing demand for test and measurement equipment from several end-use sectors such as automotive, electrical, and electronics while Asia-Pacific is expected to grow in the forecast period of 2020-2027 because of the increasing demand for high-performance and power-efficient electronic devices.
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 Test and Measurement Equipment Market Share Analysis
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 test and measurement equipment market.
The major players covered in the test and measurement equipment market report are Fortive, Anritsu, Rohde & Schwarz, Keysight Technologies, Advantest, Viavi Solutions, Yokogawa Electric, EXFO, Teledyne Technologies Incorporated, Texas Instruments Incorporated, EXFO, NATIONAL INSTRUMENTS CORP and NATIONAL INSTRUMENTS CORP 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.
Customization Available : Global Test and Measurement Equipment Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.