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Test And Measurement Equipment Market 2023 : Competitive Landscape, Growth And Forecast 2032 - Texas Instruments Inc., Agilent Technologies Inc., AMETEK Inc., Fortive Corporation, Tektronix Inc
Test And Measurement Equipment Market Trends
The Business Research Company's Test And Measurement Equipment Global Market Report 2023 identifies growing automotive industry as the major driver for the Test And Measurement Equipment market's growth in the forecast period. The automotive industry is a sector that encompasses numerous organizations and firms involved in the design, development, manufacture, marketing, selling, and maintenance of motor vehicles. Test and measurement equipment is used for quality control, performance testing, safety assessment, and compliance verification of automotive components.
The global test and measurement equipment market is expected to grow from $30.06 billion in 2022 to $31.92 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global test and measurement equipment are expected to reach $38.98 billion in 2027 at a CAGR of 5.1%.
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Major competitors in the Test And Measurement Equipment market are Texas Instruments Inc., Agilent Technologies Inc., AMETEK Inc., Fortive Corporation, Tektronix Inc., Teledyne Technologies Incorporated, Keysight Technologies Inc., Mouser Electronics Inc., Advantest Corporation, Rohde & Schwarz GmbH & Co. KG, Yokogawa Electric Corporation, Bruker Corporation, National Instruments Corporation, Fluke Corporation, Viavi Solutions Inc., EXFO America Inc., Anritsu Corporation, AEM Holdings Ltd., TestEquity LLC, Chroma Systems Solutions, RIGOL Technologies, OWON Technology Inc., Scientech Technologies Pvt. Ltd., GW Instek, B&K Precision Corporation, and Tegam Inc.
A key trend in the Test And Measurement Equipment market includes technological advancements. Major companies operating in the test and measurement equipment market are focused on technological advancements to sustain their position in the market. For instance, in March 2021, Anritsu Corporation, a Japan-based electronics company, launched the TRX Test module, MU887002A. It is designed to improve the efficiency of production-line inspections of wireless communication devices based on 5G and its space-saving universal wireless test set, MT8872A.
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The Test And Measurement Equipment market is segmented -
By Product: General Purpose Test Equipment (GPTE), Mechanical Test Equipment (MTE)
By Service Type: Calibration Services, Repair Services Or After-Sales Services
By Vertical: Automotive And Transportation, Aerospace And Defense, Information Technology (IT) And Telecommunication, Education And Government, Industrial, Healthcare, Semiconductor And Electronics
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Test And Measurement Equipment market.
The Business Research Company's "Global Test And Measurement Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Test And Measurement Equipment Market Include:
1. Executive Summary
2. Test And Measurement Equipment Market Characteristics
3. Test And Measurement Equipment Market Trends And Strategies
4. Test And Measurement Equipment Market - Macro Economic Scenario
5. Global Test And Measurement Equipment Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Test And Measurement Equipment Market Competitive Benchmarking
33. Global Test And Measurement Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Test And Measurement Equipment Market
35. Test And Measurement Equipment Market Future Outlook and Potential Analysis
36. Appendix
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