Press release
Test & Measurement Equipment Market 2018 Global Leaders: Viavi Solutions, Keysight Technologies, National Instruments, Teledyne Technologies, Texas Instruments, Fortive, Rohde & Schwarz
Market Overview
The worldwide test and measurement equipment market size is estimated to expand at a CAGR close to 4% from 2017 to 2023 (forecast period), according to a report by Market Research Future (MRFR). Its valuation is expected to touch USD 28 Bn. by 2023. Test and measurement equipment comprise devices which can display accurate values of electronic devices. Strict regulations and quality standards pertaining to these devices are expected to drive its demand during the forecast period.
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Drivers and Restraints
Increasing adoption of modular equipment and adoption of consumer electronic devices are factors anticipated to boost market demand. Popularity of Internet of Things (IoT) and increased budget on quality assurance can elicit demand for test & measurement equipment. Continuous advances in technology coupled with innovations are boosting market growth. Development of the 5G network technology and application in sectors such as automotive and healthcare can open up new growth opportunities. Lack of awareness and variations in price wars of products can pose a challenge to market growth.
Key Players:
Some of the prominent players in the global test and measurement equipment market are Fortive (U.S.), Rohde & Schwarz (Germany), Anritsu Corporation (Japan), Keysight Technologies (U.S.), Yokogawa Electric Corporation (Japan), National Instruments Corporation (U.S.), EXFO (Canada), Advantest Corporation (Japan), Viavi Solutions (U.S.), Cobham plc. (U.K), Teledyne Technologies, Inc. (U.S.), and Texas Instruments Inc., (U.S.) among others.
Segments
The global test and measurement equipment market is segmented by product, service, and application. Based on the product, the market is segmented into mechanical test equipment and general purposes test equipment. The mechanical test equipment segment is further classified into machine vision inspection, machine condition monitoring, and non-destructive test equipment. Whereas, the general-purpose test equipment sub-segment is further classified into oscilloscopes, signal generator, digital multimeter, logic analyzer, spectrum analyzer, network analyzer, power meter, electronic counter, modular instrumentation, and automatic test equipment. Based on the service, the market is segmented into after-sales services, calibration services, and others. The other services include asset management, climatic product testing, training & consulting, and shock testing. Whereas, based on application, the market is segmented into automotive, aerospace & defense, electronics & semiconductors, industrial, education, IT & telecommunication and healthcare.
Regional Analysis
The global test and measurement equipment market is studied in Asia Pacific, North America, Europe, and the Rest of the World. Asia Pacific is estimated to account for the largest share of the market, whereas North America is projected to grow at the fastest rate during the forecast period. The growth of the market in Asia Pacific is attributed to technological advancements and increased adoption of test and measurement equipment solutions across various industry verticals.
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Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Government Bodies
• Consulting Service Providers
• Technology Providers
• System Integrators
• Software Vendors
• Web Content Developers
• Service Providers
• Cloud Platform Providers
• Mobile Application Developers
• Communication Service Providers (CSPs)
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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