What's Driving the Test and Measurement Equipment Market Trends? | Top Key Players: Fortive Corporation, Giga-Tronics Inc. Texas Instruments Inc., Keysight Technologies, Microsemi, National Instruments Corporation
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.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4066
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.
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.
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.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4066
Test and Measurement Equipment Market, By Product Type, 2014-2025 (USD Million)
o General Purpose Test Equipment
o Mechanical Test Equipment
Test and Measurement Equipment Market, By Service Type 2014-2025 (USD Million)
• 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
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, Application, renewable energy and bio Application.
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release What's Driving the Test and Measurement Equipment Market Trends? | Top Key Players: Fortive Corporation, Giga-Tronics Inc. Texas Instruments Inc., Keysight Technologies, Microsemi, National Instruments Corporation here
News-ID: 1866088 • Views: 573
More Releases from Global Market Insights
Expanded Perlite Market 2020 – Global Industry Trends and Growth Forecast to 2 …
Global expanded perlite market size will exceed USD 1.3 billion in terms of annual valuation by 2024. Driven by positive application in various end use industries including petroleum refining, pharmaceutical, construction and horticulture, expanded perlite market size will witness significant growth through 2024. Expanded perlite is an ultra-lightweight aggregate with low density ranging from 70-600 kg/m3 and offers unique benefits including fire resistance, heat and sound insulation. This has led
Packaging Materials Market: Global Industry Analysis, Growth, Trends and Forecas …
A report by Global Market Insights, Inc., predicts that the packaging materials market size is expected to reach a valuation of USD 1.3 trillion by the end of 2024 subject to their expansive use across various business domains, including the likes of cosmetics, food and beverages, chemicals, pharmaceuticals, and vivid household products. With consumer preferences undergoing a major transformation in the recent times, packaging materials market has registered itself as
How are evolving eating habits of people driving spout & non-spout liquid pouch …
Growing consumer inclination towards convenient packaging due to change in lifestyle is the primary factor driving global spout & non-spout liquid pouch packaging market trends. Spout & non-spout liquid pouch packaging offers several benefits such as lower manufacturing costs, extended shelf life, enhanced supply chain effectiveness, greater consumer appeal, light-weight and augmented sales. Rise in disposable income, healthy food consumption along with consumer inclination towards convenient packaging is supporting product proliferation.
Strong demand for water treatment plans poised to boost FRP rebars market size
In the latest research report by Global Market Insights, Inc., FRP rebars market size has been projected to surpass $1.25 bn by 2024. Fiber reinforced polymer (FRP) rebars are gradually going mainstream as organizations seek the rebars as an efficacious long-term solution for construction projects. Even though steel bar is relatively inexpensive and functionally efficient, it is vulnerable to corrosion, moisture, and aggressive chemicals. Of late, fiber reinforced polymer (FRP) polymers
More Releases for Test
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption
Global Mechanical Test Equipment Industry Global Mechanical Test Equipment Indus …
This study focuses on the production side and consumption side of Mechanical Test Equipment, presents the global Mechanical Test Equipment market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Mechanical Test Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type. In terms of
Test Automation Market
Test automation is being utilized in software for comparing the tangible outcomes with expected software outcomes. Automatically, there are various tools that help in operation of controlling the test execution. Software testing which is done manually through which person operates on the computer and go through several stages needed for testing purpose such as trying various usage, application screens, and input combinations that compares the results to be projected behavior
Test Series for Gate
As the market is not only based on talent any more but demands smart brains scoring stupendous. As just being a graduate from a simple or less renowned college does not make you stand in the market that demands highly educated and professional citizens people are switching themselves for higher education to reputed university and the entrance gate for reputed colleges are only through exams like GATE. People are spending
immigration DNA Test In
Immigration Dna Test in India Advanced DNA offer Paternity, Maternity, Siblings, Immigration Dna Test etc. in India. We offer a wide range of testing methods available for establishing a biological relationship for immigration, which include both paternity, and maternity testing. However other relationships can be proved between Siblings, Aunts/Uncles, Nieces/Nephews and Grandparents through our Relationship Testing. What Is The Process I Need To Follow for an Immigration Test? Advanced DNA India our Immigration department
itelligence wins ERP test
SAP consulting house wins first place Bielefeld (Germany), June 12, 2009 – In a comparison for ERP systems, GPS Gesellschaft für Prüfung von Software mbH and MQ result consulting AG tested the state of technology for 2009. With its it.manufacturing solution, the SAP consulting house itelligence won first place in multi-site solutions for ERP systems with the best rating – both from the technical jury as well as from the public. On