Global Test and Measurement Equipment Market Outlook, 2030

The test and measurement (T&M) equipment industry plays a vital role in ensuring the quality, reliability, and compliance of products across various sectors such as electronics, telecommunications, automotive, healthcare, and aerospace. As industries continue to advance technologically, the demand for sophisticated and precise testing solutions is growing. Whether it is for research and development, manufacturing quality control, or field diagnostics, T&M equipment is essential for verifying performance and functionality. The global test and measurement equipment market is experiencing significant growth, driven by rapid technological advancements and increased R&D investments. Key factors influencing market expansion include the rise of wireless communication technologies like 5G, the growing adoption of IoT devices, and the transition towards Industry 4.0. The market is broadly categorized into various product types, including oscilloscopes, signal analyzers, spectrum analyzers, network analyzers, and multimeters. These devices serve multiple industries, from semiconductor manufacturing and automotive testing to medical diagnostics and aerospace engineering. Leading companies in the industry, such as Keysight Technologies, Rohde & Schwarz, Tektronix, Fluke Corporation, National Instruments, and Anritsu Corporation, continue to innovate to meet the growing demand for precise and automated testing solutions.

According to the research report “Global Test and Measurement (T&M) Equipment Market Outlook, 2030” published by Bonafide Research, the global market is projected to reach market size of USD 43.64 Billion by 2030 increasing from USD 32.36 in 2024, growing with 5.22% CAGR by 2025-30. Several factors contribute to this growth, including the expansion of wireless technologies, the proliferation of IoT devices, the rise of electric vehicles (EVs), and increasing government regulations on product safety and quality. The 5G rollout has significantly impacted the demand for T&M solutions, particularly in RF and microwave testing. The shift to millimeter-wave (mmWave) frequencies requires highly specialized testing equipment to validate network infrastructure, devices, and communication protocols. Similarly, the semiconductor industry, a major consumer of T&M solutions is expanding rapidly, driven by the increasing demand for microchips in consumer electronics, AI applications, and autonomous vehicles. The need for advanced testing solutions in chip manufacturing, including wafer-level and final product testing, is fuelling industry growth. Another key driver is the automotive industry's transformation, particularly with the rise of electric and autonomous vehicles. EV manufacturers require specialized testing equipment to assess battery efficiency, charging systems, and power electronics. Meanwhile, the development of self-driving technology demands precise testing of sensors, cameras, and AI-driven control systems. This has led to increased investment in hardware-in-the-loop (HIL) simulation, an advanced testing method used to evaluate automotive electronic systems in real-time. In addition, the increasing focus on medical devices and healthcare technology is creating opportunities for the T&M industry. The demand for accurate and reliable diagnostic equipment, patient monitoring systems, and wearables has surged, particularly after the COVID-19 pandemic. Medical device manufacturers rely on rigorous testing protocols to ensure regulatory compliance and patient safety, further boosting the need for high-performance measurement tools.

Market Drivers

• Quantum Computing and Next-Generation Computing Architectures: The rise of quantum computing and advanced computing architectures is creating a need for highly precise and specialized test equipment. Quantum processors operate at extremely low temperatures and use qubits that require advanced measurement techniques, such as cryogenic test systems and ultra-low-noise signal analyzers. This emerging field is driving demand for entirely new categories of test and measurement solutions.
• Cybersecurity Compliance and Data Protection Testing: With increasing cyber threats and stringent data protection regulations, companies are investing in security-focused test and measurement solutions. Industries such as finance, healthcare, and defense require rigorous penetration testing, encryption validation, and network security assessments to ensure compliance with global cybersecurity standards like GDPR, ISO 27001, and NIST frameworks. This growing need is fueling demand for advanced network analyzers and cybersecurity testing tools.

Market Challenges

• Testing Complexity in Hybrid and Multi-Layered Networks: Modern communication and industrial networks are shifting towards hybrid architectures, integrating 5G, Wi-Fi 6, fiber optics, cloud computing, and IoT. Ensuring seamless operation across multiple network layers requires highly complex testing solutions that can simultaneously analyze latency, data integrity, bandwidth efficiency, and cross-platform compatibility. This increases the technical challenges for test equipment manufacturers.
• Sustainability and E-Waste Management in Test Equipment: The test and measurement industry faces increasing pressure to develop sustainable and energy-efficient testing solutions. Traditional test equipment consumes significant power, and electronic waste (e-waste) from outdated devices is a growing environmental concern. Companies must balance the demand for cutting-edge technology with the push for eco-friendly materials, longer product life cycles, and recyclable components.

Market Trends

• Digital Twins for Real-Time Testing and Simulation: Digital twin technology is transforming the way industries conduct testing. By creating virtual replicas of physical systems, companies can simulate, test, and optimize product performance in real-time without requiring physical prototypes. This trend is particularly impactful in sectors like automotive (for autonomous driving validation), aerospace (for flight system simulations), and industrial automation.
• Edge Computing and On-Device Testing Solutions: As industries adopt edge computing to process data closer to the source (rather than relying on cloud computing), test equipment is also evolving to support on-device testing. This includes embedded test solutions that integrate directly into smart sensors, IoT devices, and industrial controllers, enabling real-time monitoring and diagnostics without centralized data processing. This reduces latency, enhances security, and improves efficiency in distributed computing environments.

General Purpose Test Equipment (GPTE) leads the test and measurement equipment market primarily due to its versatility and broad applicability across multiple industries, including electronics, telecommunications, automotive, aerospace, healthcare, and industrial automation.

Unlike specialized test solutions tailored for niche applications, GPTE-such as oscilloscopes, signal analyzers, spectrum analyzers, multimeters, and power meters-can be used in a wide range of testing scenarios, from research and development (R&D) to manufacturing quality control and field service diagnostics. This flexibility makes GPTE an essential investment for companies of all sizes, allowing them to conduct multiple types of tests with a single device, thus reducing costs and increasing efficiency. Additionally, as industries continue to innovate with emerging technologies like 5G, IoT, and electric vehicles, the demand for adaptable testing solutions has surged, further solidifying GPTE’s dominance in the market. The growing trend of modular and software-defined test systems also enhances the appeal of GPTE, enabling users to upgrade and customize their equipment through software updates rather than purchasing entirely new hardware. This adaptability ensures that GPTE remains relevant even as technological advancements reshape industries, making it the preferred choice for businesses looking for cost-effective, scalable, and future-proof test solutions.

The semiconductor and electronics industry is leading the test and measurement equipment market primarily because of the growing need for high-precision testing to ensure quality, performance, and reliability in increasingly complex and miniaturized electronic components.

As consumer electronics, computing devices, and industrial automation systems advance, semiconductor manufacturers must meet strict performance and compliance standards, requiring sophisticated testing solutions at every stage of production-from wafer fabrication and chip packaging to final product assembly. The rapid evolution of technologies such as AI-driven processors, 5G communication chips, automotive semiconductors, and high-performance computing (HPC) chips has intensified the demand for advanced testing tools like oscilloscopes, spectrum analyzers, logic analyzers, and semiconductor parameter testers. Additionally, as chips become smaller and more powerful, ensuring their functionality under extreme conditions (such as varying temperatures, voltages, and electromagnetic interference) has become crucial, further driving the demand for specialized measurement solutions. With the rise of Internet of Things (IoT) devices, wearable technology, and quantum computing, semiconductor manufacturers must invest heavily in cutting-edge testing equipment to maintain product integrity and competitiveness in the market. Furthermore, the global semiconductor supply chain is under pressure to accelerate production cycles while maintaining high yields, making automation and AI-driven test solutions essential for optimizing testing efficiency. This ongoing innovation in semiconductor design and manufacturing ensures that the electronics sector remains the largest consumer of test and measurement equipment, reinforcing its dominance in the market.

Calibration services are leading in the test and measurement equipment market because they are critical for maintaining the accuracy, reliability, and compliance of measurement instruments across various industries, including aerospace, healthcare, automotive, manufacturing, and telecommunications.

As industries become more reliant on precise measurements for quality control, safety, and regulatory compliance, ensuring that test equipment remains accurate over time is essential. Calibration services help detect and correct deviations in measurement instruments, ensuring they perform within defined tolerances and meet industry standards such as ISO/IEC 17025, ANSI/NCSL Z540.3, and NIST traceability requirements. This is particularly important in high-stakes fields like pharmaceuticals, aviation, and semiconductor manufacturing, where even the slightest measurement inaccuracies can lead to costly product failures, legal non-compliance, or safety risks. Additionally, as test and measurement equipment becomes more sophisticated, regular calibration is necessary to maintain peak performance, especially in industries using RF and microwave test systems, precision power meters, and environmental monitoring instruments. The increasing adoption of automated and remote calibration solutions, AI-driven predictive maintenance, and cloud-based calibration record-keeping has further fueled the demand for calibration services, making them an indispensable part of the test and measurement industry. Moreover, companies are increasingly outsourcing calibration to accredited third-party service providers to ensure compliance while reducing in-house maintenance costs, further contributing to the segment’s growth. As global regulations tighten and quality assurance becomes a priority for businesses, the demand for precise, certified calibration services will continue to drive the market forward.

North America is leading the test and measurement equipment market primarily due to its strong presence of high-tech industries, extensive R&D investments, and early adoption of cutting-edge technologies across sectors such as aerospace, defense, telecommunications, automotive, and healthcare.

The region is home to some of the world’s largest technology companies, semiconductor manufacturers, and defense contractors, all of which require highly advanced test and measurement solutions to ensure product quality, safety, and compliance with strict regulatory standards. The rapid expansion of 5G networks, AI-driven computing, autonomous vehicles, and medical diagnostics has further fueled the demand for sophisticated testing equipment in North America. Additionally, the U.S. government and private sector invest heavily in research and development, particularly in emerging fields like quantum computing, electric vehicles, and industrial automation, which rely on precise measurement tools. The presence of leading T&M equipment manufacturers such as Keysight Technologies, National Instruments, and Tektronix provides the region with direct access to cutting-edge solutions and innovation. Furthermore, North America’s highly regulated industries, including aerospace (FAA and NASA regulations) and healthcare (FDA compliance), require rigorous testing and calibration, driving continuous demand for test and measurement services. The rise of IoT, smart manufacturing, and cybersecurity testing has also contributed to market growth, as industries seek reliable testing solutions to maintain efficiency and security. Additionally, government initiatives and defense contracts in the U.S. drive significant demand for military-grade testing equipment, reinforcing North America's dominance in the global market. With a strong technological ecosystem, a skilled workforce, and ongoing advancements in automation and AI-driven testing, North America remains at the forefront of the test and measurement equipment industry.

• In July 2024, VIAVI Solutions Inc. introduced NITRO Fiber Sensing, a comprehensive real-time asset monitoring and analytics solution designed to safeguard critical infrastructure, including oil, gas, and water pipelines, electrical power transmission, border security, and data center interconnects.
• Also in July 2024, VIAVI Solutions Inc. partnered with the Telecom Infra Project (TIP) to strengthen the testing capabilities of the VIAVI Automated Lab-as-a-Service for Open RAN (VALOR). This collaboration, backed by a USD 21.7 million grant from the US National Telecommunications and Information Administration (NTIA) Public Wireless Supply Chain Innovation Fund (PWSCIF), aims to provide automated, open, and impartial testing and integration for Open RAN. VALOR supports certification in the US, benefiting startups, new entrants, and academic institutions while ensuring interoperability, performance, and security of Open RAN components.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Test and Measurement Equipment Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• General Purpose Test Equipment
• Mechanical Test Equipment

By End-User Industry
• Automotive and Transportation,
• Aerospace and Defense,
• IT and Telecommunication,
• Education,
• Semiconductor and Electronics,
• Others

By Service Type
• Calibration Services
• Repair Services/After-Sales Services

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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