Test and Measurement Equipment Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, Australia & New Zealand, South Korea, Brazil, Mexico, Argentina, UAE, Saudi Arabia, Israel, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4066
Test and Measurement Equipment Market size is expected to grow significantly over the forecast period due to increasing demand for testing and measurement equipment in various industrial sectors such as automotive & transportation, aerospace, defense, IT & telecommunications, government, semiconductor & electronics, and healthcare. Test and measurement equipment in the automotive industry is used to ensure high-quality and safety of automotive devices, supporting the market growth. Also, favorable government initiatives for the deployment of testing and measurement solutions in the automotive sector will further lead to test and measurement equipment market growth. For instance, in May 2019, the 5G Automotive Association conducted Cellular Vehicle-to-Everything (C-V2X) testing in Berlin in which several companies such as BMW Group, Daimler, and DeutscheTelekom were involved in automotive testing and the development of vehicle-related technologies.
Test and measurement equipment is mainly used for ratifying the performance of a wide range of electronic products. In the electronics industry, the demand for test and measurement equipment market is increasing rapidly due to the shrinking sizes of electronic gadgets, advancements in wireless technologies, and increasing network complexity of electronic circuits. Timely testing and measurement of the performance of electronic devices help in defect elimination and prevention of late-stage equipment failure. The adoption of testing solutions is expected to rise over the forecast timeline due to the increasing necessity of producing and maintaining high-quality products and supporting time-to-time testing, which will help in lowering the costs associated with product malfunctions, repairs, replacements, and product callbacks.
The growing awareness about predictive maintenance among electric and automotive manufacturers is contributing to the growth of test and measurement equipment market. For instance, test and measurement equipment help in detecting failure of the automotive and electronic devices. Automotive industry is focusing on predictive maintenance to avoid loses in the future, that will increase demand for test and measurement equipment in this industry. Increasing customer demands for smart devices, such as smart watches and smart home appliances, will lead to a rise in the adoption of test and measurement equipment among testing managers and engineers to ensure the development of high-quality products and to lower the associated costs.
North America is expected to dominate the test and measurement equipment market due to supportive government initiatives to facilitate the deployment of test and measurement equipment in the IT & telecommunications industry. For instance, in January 2019, the Canadian Department of Innovation, Sciences and Economic Development issued Interference-Causing Equipment Standard (ICES-003), which sets technical requirements related to radio noise generated by Information Technology Equipment (ITE). In March 2018, the U.S. Food and Drug Administration (FDA) implemented Federal Regulations under Section 820.72 that defines the calibration requirements for medical equipment. As per the regulation, manufacturers must inspect, measure, and test equipment to ensure that it is suitable for its intended use, providing valid results. As per the regulation, manufacturers must have provisions to handle, preserve, or store the equipment.
APAC test and measurement equipment market is expected to show rapid growth over the forecast period due to favorable government initiatives in the Asian countries, such as Japan, China, and India, that encourage telecom industries to establish R&D facilities to support activities in all levels covering testing and measurement. The government agencies are also taking steps to address the challenges related to adequate testing infrastructure. For instance, in September 2018, the Telecom Engineering Centre (TEC) passed an order under which equipment such as Wi-Fi access points, satellite equipment, and telephone instruments can be sold only after testing and obtaining a certificate from an authorized agency such as Department of Telecom (DoT). The Chinese government also organized an exhibition of testing instrument and equipment to provide a user-oriented representation of market-ready solutions in the industry. In March 2019, China Instrument Manufacturers Association (CIMA) organized 17th China International Scientific Instrument and Laboratory Equipment Exhibition (CISILE) in which the leading enterprises including NOVEL Optics, Techcomp, INESA Group, and others demonstrated their instruments and technologies. This enabled the exchange of information among technical experts to further accelerate the development of testing and measurement solutions.
The companies operating in test and measurement equipment market are focusing on new product developments or enhancing qualities or features of their existing products to gain more market share. For instance, in July 2018, Tektronix launched USB-based spectrum analyzers, such as RSA500, RSA513A, and RSA518A, that can operate in different frequency ranges within 13 GHz and 18 GHz to expand its product line. In June 2018, Keysight Technologies launched a wide range of test and measurement solutions such as RF Test Solution and BSA Spectrum Analyzers for several developing markets such as Hybrid Electric Vehicle (HEV)/Electric Vehicle (EV), Home Energy Management Systems (HEMS), and batteries. In April 2018, Rohde & Schwarz launched SMA100B high-end analog RF and microwave signal generator for RF semiconductor, wireless communication, and aerospace & defense applications. These new products help in improving the quality of their electronic products thereby catering to the market demands. Some of the leading players are involved in partnerships and acquisitions to maintain a competitive position in the market. For instance, in April 2019, Telestream acquired Tektronix Video for enhancing the quality of video testing, monitoring, and improving file-based quality control.
Prominent players operating in test and measurement equipment market are Fortive Corporation, Giga-tronics Inc. Texas Instruments Inc., Keysight Technologies, Microsemi, National Instruments Corporation, Rishabh Instruments Pvt. Ltd., Rohde & Schwarz GmbH & Co. KG, Scientific Mes-Technik Pvt. Ltd., and Teledyne Technologies Inc.
Test and Measurement Equipment Market, By Product Type, 2014-2025 (USD Million)
- General Purpose Test Equipment
- Mechanical Test Equipment
Test and Measurement Equipment Market, By Service Type 2014-2025 (USD Milli
- Calibration Services
- Repair Services/After Sales Services
Test and Measurement Equipment Market, By End-Use 2014-2025 (USD Million)
- Automotive & Transportation
- IT & Telecommunications
- Semiconductor & Electronics
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Advantest Corporation
- AMETEK Inc.
- Anritsu Corporation
- Aplab Ltd.
- EXFO, Inc.
- Fortive Corporation
- Giga-tronics Incorporated
- Keysight Technologies
- National Instruments Corporation
- Rishabh Instruments Pvt. Ltd.
- Rohde & Schwarz GmbH & Co. KG
- Scientific Mes-Technik Pvt. Ltd
- Teledyne Technologies Inc.
- Telestream, LLC
- Texas Instruments Incorporated
- VIAVI Solutions Inc.
- Yokogawa Electric Corporation
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