Market Overview

Worldwide Test and Measurement Equipment Market by Product, Service Type, End-Use Sector and Geography - Forecast to 2023 - ResearchAndMarkets.com

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The "Test
and Measurement Equipment Market by Product (General Purpose Test
Equipment, Mechanical Test Equipment), Service Type (Calibration
Services, Repair Services/After Sales Services), End-Use Sector, and
Geography - Global Forecast to 2024"
report has been added to ResearchAndMarkets.com's
offering.

The overall test and measurement equipment market is expected to grow
from USD 25.7 billion in 2018 to USD 32.3 billion by 2024, at a CAGR of
3.9%.

The market is growing due to the increasing demand for this equipment in
end-use sectors, such as automotive & transportation, aerospace &
defense, IT & telecommunications, education & government, semiconductor
& electronics, industrial, and healthcare.

The test and measurement equipment market is expected to grow at the
highest CAGR in the healthcare sector during the forecast period. There
is a significant potential for growth of the test and measurement
equipment market in this sector due to the development of new healthcare
equipment, patient-monitoring systems, and personal emergency reporting
systems.

Key Highlights

  • Automotive and transportation segment projected to lead the test and
    measurement equipment market during forecast period
  • General purpose test equipment segment to grow at the highest CAGR in
    the test and measurement equipment market during forecast period
  • North America to lead the test and measurement equipment market

Market Dynamics

Drivers

  • Growing Adoption of Electronic Devices
  • Increased Penetration of Modular Instrumentation
  • Technological Advancement Towards Networking & Communication
  • Growing Demand for High-Performance & Power-Efficient Electronic
    Devices

Restrain

  • Price Sensitivity of Test & Measurement Equipment

Opportunities

  • Advent of 5G Technology and Deployment of LTE & LTE-Advanced (4G)
    Networks
  • Rapid Penetration of IoT Devices

Challenges

  • Increased Penetration of Rental & Leasing Services
  • Matching Up With the Constantly Changing Technologies
  • Antenna Array Complexity, Calibration and Irregularity

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insight

5 Market Overview

6 Test and Measurement Equipment Market, By Product

7 Test and Measurement Equipment Market, By Service Type

8 Test and Measurement Equipment Market, By End-Use Sector

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

  • Adlink Technology
  • Advantest
  • Ametek
  • Anritsu
  • B&K Precision
  • DS Instruments
  • DynamicSignals
  • EXFO
  • Fortive
  • Freedom Communication
  • Giga-Tronics
  • GW Instek
  • Keysight Technologies
  • Leader Instruments
  • National Instruments
  • Rigol Technologies
  • Rohde & Schwarz
  • Saluki
  • Stanford Research Systems
  • Teledyne
  • Texas Instruments
  • Vaunix
  • Viavi Solutions
  • Yokogawa Electric

For more information about this report visit https://www.researchandmarkets.com/research/hn4p7d/worldwide_test?w=4

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