Press release
Test and Measurement Equipment Market Research Report 2023
Test and Measurement Equipment MarketThe global Test and Measurement Equipment market was valued at USD 10810 Million in 2020 and it is expected to reach USD 16400 Million by the end of 2027, growing at a CAGR of 6.8% during 2021-2027.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-34P8756/Global_Test_and_Measurement_Equipment_Market_Outlook_2022
Test and Measurement Equipment Market Trends
Automotive industry expansion
The automobile industry is a fast-changing market. Numerous product launches in the form of hybrid, electrical and autonomous cars, and changes in car components are taking place at a breakneck speed. As the manufacturing of vehicles rises up effective testing strategies are required at every stage of the production. A variety of innovative testing equipment is used such as UV light testers, gloss meters, tensile testing machines, Din abrasion testing, or color measuring devices. This ensures quality, reliability and matches industry standards. Thus the continuous optimization will propel the growth of the test and measurement equipment market during the review period.
Booming IT and telecom industry
The advent of 5G, wireless internet networks, and the growing penetration of IoT has enabled the rise of smart connected devices. The need for maintaining fast internet speed has become a necessity in many end-user industries. Hence telecom operators use testing equipment for load analysis, conformance testing, fault detection, web-based control, and remote accessibility. The significant investments for the up-gradation of IT infrastructure are also contributing towards the growth. These factors will drive the expansion of the test and measurement equipment market during the forecast period.
Use of electronic devices
Consumer electronics such as washing machines, refrigerators, flat-screen TVs, air conditioners, mobile phones are being used extensively. Optimum semiconductor chips are required in high-level electronic appliances. They are continuously monitored for preventing degradation due to vibration, shocks, heating, and environmental conditions. These will increase the use of testing equipment thereby driving the growth of the test and measurement equipment market in the coming years.
Test and Measurement Equipment Market Share
Based on product type, microwave/millimeter-wave is expected to grow the highest in the testing and measurement equipment market share with 31%.
Based on application, the automotive industry is expected to provide huge opportunities for growth in the testing and measurement equipment market share due to the growing number of hybrid, electric vehicles, and autonomous cars which need testing.
Based on region, Asia-Pacific is the largest segment in the testing and measurement equipment market with 47% due to growing demand from the automotive and electronic industry from emerging economies.
By Type
• Microwave/ Millimeter-wave Measuring Instruments
• Photoelectric Measuring Instruments
• Communication Measuring Instruments
• Basic Measuring Instruments
By Application
• Automotive
• Aerospace & Defense
• IT & Telecommunications
• Healthcare (Medical & Pharmaceuticals)
• Semiconductor & Electronics
• Industrial
• Others
By Company
• Keysight
• Anritsu
• Tektronix
• Rohde & Schwarz
• Ametek
• Viavi
• Teledyne
• Ceyear
• Advantest
• National Instruments
• Exfo
• Yokogawa Electric
• Gw Instek
• RIGOL Technologies
• Transcom Instrument
• Siglent
• Uni Trend Technology
• Scientech Technologies Pvt. Ltd
View Full Report: https://reports.valuates.com/reports/QYRE-Auto-34P8756/global-test-and-measurement-equipment
Similar Reports:
1. https://reports.valuates.com/market-reports/QYRE-Auto-22Y183/global-united-states-european-union-and-china-printed-electronics
2. https://reports.valuates.com/market-reports/QYRE-Auto-1A9303/global-vr-lens
3. https://reports.valuates.com/market-reports/QYRE-Auto-9H8843/global-digital-signal-processors
Phone:
U.S. (TOLL FREE) : +1 (315) 215-3225
India: +91 8040957137
Email Id:
Please reach us at sales@valuates.com
Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Test and Measurement Equipment Market Research Report 2023 here
News-ID: 3222888 • Views: …
More Releases from Valuates Reports
Ultrasonic Cleaning Equipment Market Set to Surge - Key Insights You Must Know
Ultrasonic Cleaning Equipment Market Size
The global market for Ultrasonic Cleaning Equipment was valued at US$ 2641 million in the year 2024 and is projected to reach a revised size of US$ 3349 million by 2031, growing at a CAGR of 3.5% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-10B11373/Global_Ultrasonic_Cleaning_Equipment_Market_Research_Report_2022
The implementation of patient protection acts and affordable treatment policies across the globe has intensified the demand for effective medical care equipment, in…
Ultrasound Gel Market Set to Surge - Key Insights You Must Know
Ultrasound Gel Market Size
The global market for Ultrasound Gel was estimated to be worth US$ 25.9 million in 2024 and is forecast to a readjusted size of US$ 29.3 million by 2031 with a CAGR of 1.8% during the forecast period 2025-2031.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-1160/Global_Ultrasound_Gel_Market_Insights_and_Forecast_to_2028
North America is the largest Ultrasound Gel market with about 34% market share. Europe is follower, accounting for about 25% market share.
The key players are Sonotech,…
High and Ultra High Molecular Weight Polyethylene Market Set to Surge - Key Insi …
High and Ultra High Molecular Weight Polyethylene Market Size
The global market for High and Ultra High Molecular Weight Polyethylene was valued at US$ 1017 million in the year 2024 and is projected to reach a revised size of US$ 1351 million by 2031, growing at a CAGR of 4.2% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-16J9911/Global_High_and_Ultra_High_Molecular_Weight_Polyethylene_Market_Insights_Forecast_to_2028
Global core manufactures of ultra-high molecular weight polyethylene (UHMWPE) include Celanese, Braskem, KPIC, Shanghai Lianle,…
Logistics Management and Tracking Software Market Set to Surge - Key Insights Yo …
Logistics Management and Tracking Software Market
Logistics Management and Tracking Software refers to specialized software solutions designed to streamline and optimize the management of transportation, inventory, warehousing, and other logistical operations within supply chains. This software provides comprehensive tools and functionalities to effectively plan, execute, and monitor the flow of goods and materials from suppliers to customers. Key features typically include order management, route optimization, warehouse management, inventory tracking, and real-time…
More Releases for Instrument
Market Unveiling Promising Growth with Major Giants| National Instrument, GS Ins …
The latest released on Global Digital Network Analyzers Market delivers a comprehensive data ecosystem with a 360° view of customer activities, segment-based analytics-and-data to drive opportunities of evolving Digital Network Analyzers marketplace and future outlook to 2029. It includes integrated insights into surveys conducted with executives and experts from leading institutions across various countries. Some of the listed companies profiled in the report are Keysight Technologies, Rohde & Schwarz, Anritsu,…
Cutting-Edge Clarify Tester for Analysis | NANBEI, BIOBASE GROUP, FAITHFUL Instr …
Clarify Tester Market 2023 Forecast: Unveiling Opportunities and Growth
Clarify Tester market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Clarify Tester market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give users an extensive viewpoint of the…
Global Automotive Instrument Cluster Market
All of the top selling models in Europe feature hybrid instrument cluster.
The 2 wheelers are sold in high numbers in Asia region, account for a sizeable instrument cluster market volume in the region.
The digital instrument cluster market accounts for a small share of the market but has been growing at the fastest rate,especially in China.
VW now offers biggest range of Digital instrument cluster starting from Polo, Golf, to…
Hv Instrument Transformers Market 2025: Top Key Players Hengyang Nanfang Instrum …
HV Instrument Transformers Market: Introduction
HV instrument transformers or high voltage instrument transformers are designed to measure and convert high current and high voltage to low current and low voltage according to the transformer ratio. HV instrument transformers are used in AC systems for the measurement of electrical quantities, such as current, voltage, power, energy, power factor and frequency. HV instrument transformers are essential constituents for the safe and efficient operation…
Hv Instrument Transformers Market Participants Siyuan Electric Co. Ltd Hengyang …
HV Instrument Transformers Market: Introduction
HV instrument transformers or high voltage instrument transformers are designed to measure and convert high current and high voltage to low current and low voltage according to the transformer ratio. HV instrument transformers are used in AC systems for the measurement of electrical quantities, such as current, voltage, power, energy, power factor and frequency. HV instrument transformers are essential constituents for the safe and efficient operation…
Global Beauty Instrument Market 2018 Stryker, Medtronic, Johnson & Johnson, Beau …
Beauty Instrument Market Summary
Global Beauty Instrument Market Size, Share, Growth, Trends, Regional Outlook, and Forecasts, 2018 - 2025' to its vast database of research reports. This intelligence study focuses on the current market trends and development patterns, in order to assist the new entrants in discovering market opportunities and develop effective ways to expand their presence in the global market.
Get a Sample PDF Report : https://is.gd/tjJnMl
This research report provides…
