Test and Measurement Equipment Market – Global Industry Analysis and Forecast (2017-2026)
Test and Measurement Equipment Market is expected to grow from USD 23.45 Billion in 2017 to USD 31.82 Billion by 2026, at a CAGR of 3.45% between 2017 and 2026. (Detailed analysis of the market CAGR is provided in the report)
Increase in the adoption of electronic devices, increased penetration of modular instrumentation, increasing adoption of T&M solutions by end-users such as telecommunication service providers, mobile device manufacturers, network equipment manufacturers, and telecommunication service providers, and increasing technological advancement towards networking and communication are the major factors driving the growth of Test and Measurement Equipment Market. However, price sensitivity of test and measurement equipment is the major restraining factor for market growth.
Test and Measurement Equipment Market
Further key findings from the report:
• General-purpose test equipment accounted for the larger share of the overall test and measurement equipment market in 2016. This can be attributed to increasing opportunities in the consumer electronics sector related to smartphones and growing advancements in the IT and telecom sector. Additionally, developments related to the 5G network are likely propel the growth of the overall market for general purpose test equipment
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• Test and measurement equipment market for industrial applications is anticipated to account for the larger share of the overall market by 2026. Since different kinds of testing are regularly conducted across all stages of the product life cycle in the overall industrial segment, the industrial application is estimated to hold a maximum share of test and measurement equipment market
• Healthcare application in the Test and measurement equipment market to grow at the highest CAGR during the forecast period. This growth can be attributed to development of new healthcare equipment, patient-monitoring systems, and personal emergency reporting systems
• Among all geographical regions, APAC is anticipated to hold the larger share of the test and measurement equipment market during the forecast period. Major economies in APAC such as China and India, are experiencing huge growth in test and measurement equipment market owing to increasing number of smartphones, continuous upgrading of next-generation telecommunication standards
Key Highlights:
• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Test and Measurement Equipment Market
• The objective of the report is to provide a detailed analysis of the Test and Measurement Equipment Market on the basis of product, service type, end-use industry, and geography
• Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Analysis of the Test and Measurement Equipment Market with respect to individual growth trends, prospects, and contribution to the total market
• Segment wise business performance detailed in report will be worthwhile for the organizations willing to enhance its business
• Provides detailed information regarding the major factors influencing the growth of the Test and Measurement Equipment Market (drivers, restraints, opportunities, and challenges)
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2026
For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
Research Methodology
Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Test and Measurement Equipment Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Test and Measurement Equipment Market globally.
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Key Players in the Test and Measurement Equipment Market Are:
• Keysight
• Advantest
• Fortive
• Rohde & Schwarz
• Anritsu
• National Instruments
• Exfo
• Yokogawa Electric
• Viavi
• Cobham
• Texas Instruments
• Teledyne
• Ametek
• Adlink
• Vaunix
• Giga-Tronics
Key Target Audience:
• Raw material and manufacturing equipment suppliers
• Original equipment manufacturers (OEMs)
• End-users/enterprise-users
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals
The scope of the Test and Measurement Equipment Market:
Research report categorizes the Test and Measurement Equipment Market based on product, service type, end-use industry, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Test and Measurement Equipment Market with key developments in companies and market trends.
Test and Measurement Equipment Market, By Product:
• Mechanical Test Equipment (MTE)
• General Purpose Test Equipment (GPTE)
Test and Measurement Equipment Market, by Service Type:
• Calibration Services
• Repair Services/After-Sales Services
Test and Measurement Equipment Market, By End-Use Industry:
• Aerospace & Defense
• Automotive
• Education & Government
• IT & Telecommunication
• Healthcare (Medical)
• Semiconductor & Electronics
• Industrial
Test and Measurement Equipment Market, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
MAJOR TOC OF THE REPORT
Chapter One: Test and Measurement Equipment Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Test and Measurement Equipment Market Competition, by Players
Chapter Four: Global Test and Measurement Equipment Market Size by Regions
Chapter Five: North America Test and Measurement Equipment Revenue by Countries
Chapter Six: Europe Test and Measurement Equipment Revenue by Countries
Chapter Seven: Asia-Pacific Test and Measurement Equipment Revenue by Countries
Chapter Eight: South America Test and Measurement Equipment Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Test and Measurement Equipment by Countries
Chapter Ten: Global Test and Measurement Equipment Market Segment by Type
Chapter Eleven: Global Test and Measurement Equipment Market Segment by Application
Chapter Twelve: Global Test and Measurement Equipment Market Size Forecast (2019-2026)
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