Test and Measurement Equipment Market Research Report 2021, Size, Share, Trends and Forecast 2026

According to the latest report by IMARC Group, titled “Test and Measurement Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global test and measurement equipment market to reach a value of US$ 30.09 Billion by 2026, exhibiting a CAGR of 3.70% during 2021-2026.

Test and measurement equipment refers to several tools used to measure, analyze, display, and record electrical data. These tools generate electrical signals and capture the responses from multiple devices in order to identify faults and ensure the smooth functioning of the machine. Some of the commonly used test and measurement equipment include an ammeter, voltmeter, wattmeter, oscilloscopes, digital multimeters, and spectrum analyzers. They are designed to determine length, weight, current, voltage and temperature in various industrial applications. As a result, test and measurement equipment find extensive applications across the medical, automotive, telecommunication, aerospace, defense and consumer electronic sectors.

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Market Trends:

The market is primarily driven by the rapid industrialization coupled with the significant growth in the consumer electronics industry. Test and measurement equipment help in detecting faults in high-performance and power-efficient consumer electronics, aircraft, helicopters, and other machines during their manufacturing processes. Moreover, numerous technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and the development of machine-to-machine (M2M) interaction systems, are positively influencing the market. These systems offer portable and embedded testing and measurement solutions with remote troubleshooting capabilities and interactive interfaces.

Test and Measurement Equipment Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Advantest Corporation
• Anritsu Corporation
• EXFO Inc.
• Fortive
• Keysight Technologies
• National Instruments
• Rohde & Schwarz
• Teledyne Technologies Incorporated
• Texas Instruments Incorporated
• VIAVI Solutions Inc.
• Yokogawa Electric Corporation

The report has segmented the market on the basis of product, service type, end use industry and region.

Breakup by Product:

• General Purpose Test Equipment (GPTE)
o Oscilloscopes
o Signal Generators
o Multimeters
o Logic Analyzers
o Spectrum Analyzers
o Bert (Bit Error Rate Test)
o Network Analyzers
o Others

• Mechanical Test Equipment (MTE)
o Non-Destructive Test Equipment
o Machine Vision Inspection
o Machine Condition Monitoring

Breakup by Service Type:

• Calibration Services
• Repair Services/After-Sales Services

Breakup by End Use Industry:

• Automotive and Transportation
• Aerospace and Defense
• IT and Telecommunication
• Education
• Semiconductor and Electronics
• Others

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Breakup by Region:

• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.