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Global Test and Measurement Equipment Market - Analysis and Forecast (2019-2025) Industry Insights by Product (Oscilloscopes, Signal Generators, Multimeters, Logic Analyzers, Spectrum Analyzers, Bit Error Rate Test (BERT), Network Analyzers, Power Meters,
Global Test and Measurement Equipment Market Highlights
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Some of the major factors responsible for the growth of test and measurement equipment across the globe are increase in uses in the IT & telecommunications sector, technological advancement, and increase in demand for electronic devices. Moreover, arrival of 5G technology and deployment of LTE & LTE-Advanced (4G) Networks Rapid Penetration of IoT Devices are expected to support the growth of the market.
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Based on product, the global test and measurement equipment market is categorized into oscilloscopes, signal generators, multimeters, logic analyzers, spectrum analyzers, bit error rate test (BERT), network analyzers, power meters, electronic counters, modular instrumentation, automated test equipment [ATE], power supplies, non-destructive test equipment, machine vision inspection, and machine condition monitoring.
Asia-Pacific is expected to be the largest revenue contributor in the test and measurement equipment market during the forecast period. The Asia-Pacific region is a major industrial hub in the world, which includes automotive, electrical, and electronics. Asia-Pacific is the largest automobile manufacturer in the world.
Some of the major players in the global test and measurement equipment market include Keysight Technologies, Advantest, Rohde & Schwarz, Fortive, National Instruments, Anritsu, EXFO, Yokogawa Electric, Texas Instruments, and Teledyne.
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