Global Test and Measurement Market 2024-2028

Global Test And Measurement Market 2024-2028


The test and measurement market is forecasted to grow by USD 10.25 bn during 2023-2028, accelerating at a CAGR of 5.36% during the forecast period. The report on the test and measurement market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from end-user industries, rise in technological developments in communication sector, and increasing adoption of smart connected devices.

Technavio's test and measurement market is segmented as below:

By Product
  • Wireless test equipment
  • GPTE
  • Semiconductor test equipment
  • Real-time test equipment
By End-user
  • Aerospace and defense
  • Telecommunication
  • Semiconductor and electronics
  • Automotive and others
By Geographical Landscape
  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the growing popularity of modular test and measurement equipment as one of the prime reasons driving the test and measurement market growth during the next few years. Also, automation of laboratory instruments and recent developments in test and measurement equipment will lead to sizable demand in the market.

The report on the test and measurement market covers the following areas:
  • Test and measurement market sizing
  • Test and measurement market forecast
  • Test and measurement market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading test and measurement market vendors that include Advanced Energy Industries Inc., Advantest Corp., Altanova Group, Anritsu Corp., Camtek Ltd., Ceyear Technologies Co. Ltd., DEKRA SE, Emerson Electric Co., EXFO Inc., Fastech Telecommunications, FormFactor Inc., Good Will Instrument Co. Ltd., Hitachi Ltd., Keysight Technologies Inc., Premier Measurement Solutions Pvt. Ltd., Qmax Test Equipments Pvt. Ltd., Rohde and Schwarz GmbH and Co. KG, Scientech Technologies Pvt. Ltd., Spirent Communications plc, SPX Corp., Teledyne Technologies Inc., Teradyne Inc., Viavi Solutions Inc., Yokogawa Electric Corp., Mission Critical Electronics LLC, and OWON Technology Inc.. Also, the test and measurement market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Product
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global test and measurement market 2018 - 2022
      • Table Historic Market Size – Data Table on global test and measurement market 2018 - 2022 ($ million)
    • Product Segment Analysis 2018 - 2022
      • Table Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2023-2028 (%)
      • Table Data Table on Product - Market share 2023-2028 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • Wireless test equipment - Market size and forecast 2023- 2028
      • Table Chart on Wireless test equipment - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Wireless test equipment - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Wireless test equipment - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Wireless test equipment - Year-over-year growth 2023-2028 (%)
    • GPTE - Market size and forecast 2023-2028
      • Table Chart on GPTE - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on GPTE - Market size and forecast 2023-2028 ($ million)
      • Table Chart on GPTE - Year-over-year growth 2023-2028 (%)
      • Table Data Table on GPTE - Year-over-year growth 2023-2028 (%)
    • Semiconductor test equipment - Market size and forecast 2023-2028
      • Table Chart on Semiconductor test equipment - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Semiconductor test equipment - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Semiconductor test equipment - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Semiconductor test equipment - Year-over-year growth 2023-2028 (%)
    • Real-time test equipment - Market size and forecast 2023-2028
      • Table Chart on Real-time test equipment - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Real-time test equipment - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Real-time test equipment - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Real-time test equipment - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ million)
      • Table Data Table on Market opportunity by Product ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Aerospace and defense - Market size and forecast 2023- 2028
      • Table Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
    • Telecommunication - Market size and forecast 2023- 2028
      • Table Chart on Telecommunication - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Telecommunication - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Telecommunication - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Telecommunication - Year-over-year growth 2023-2028 (%)
    • Semiconductor and electronics - Market size and forecast 2023-2028
      • Table Chart on Semiconductor and electronics - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Semiconductor and electronics - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Semiconductor and electronics - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Semiconductor and electronics - Year-over-year growth 2023-2028 (%)
    • Automotive and others - Market size and forecast 2023- 2028
      • Table Chart on Automotive and others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Automotive and others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Automotive and others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Automotive and others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
      • Table Data Table on Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • South Korea - Market size and forecast 2023-2028
      • Table Chart on South Korea - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing demand from end-user industries
      • Rise in technological developments in communication sector
      • Increasing adoption of smart connected devices
    • Market challenges
      • Rising demand for rental test and measurement equipment and outsourcing
      • Increase in equipment cost and fluctuations in raw materials prices
      • Economic volatility and highly cyclic nature of electronics industry
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Growing popularity of modular test and measurement equipment
      • Automation of laboratory instruments
      • Recent developments in test and measurement equipment
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Advantest Corp.
      • Table Advantest Corp. - Overview
      • Table Advantest Corp. - Business segments
      • Table Advantest Corp. - Key offerings
      • Table Advantest Corp. - Segment focus
    • Anritsu Corp.
      • Table Anritsu Corp. - Overview
      • Table Anritsu Corp. - Business segments
      • Table Anritsu Corp. - Key news
      • Table Anritsu Corp. - Key offerings
      • Table Anritsu Corp. - Segment focus
    • Emerson Electric Co.
      • Table Emerson Electric Co. - Overview
      • Table Emerson Electric Co. - Business segments
      • Table Emerson Electric Co. - Key news
      • Table Emerson Electric Co. - Key offerings
      • Table Emerson Electric Co. - Segment focus
    • EXFO Inc.
      • Table EXFO Inc. - Overview
      • Table EXFO Inc. - Product / Service
      • Table EXFO Inc. - Key offerings
    • Fastech Telecommunications
      • Table Fastech Telecommunications - Overview
      • Table Fastech Telecommunications - Product / Service
      • Table Fastech Telecommunications - Key offerings
    • Good Will Instrument Co. Ltd.
      • Table Good Will Instrument Co. Ltd. - Overview
      • Table Good Will Instrument Co. Ltd. - Product / Service
      • Table Good Will Instrument Co. Ltd. - Key offerings
    • Hitachi Ltd.
      • Table Hitachi Ltd. - Overview
      • Table Hitachi Ltd. - Business segments
      • Table Hitachi Ltd. - Key news
      • Table Hitachi Ltd. - Key offerings
      • Table Hitachi Ltd. - Segment focus
    • Keysight Technologies Inc.
      • Table Keysight Technologies Inc. - Overview
      • Table Keysight Technologies Inc. - Business segments
      • Table Keysight Technologies Inc. - Key news
      • Table Keysight Technologies Inc. - Key offerings
      • Table Keysight Technologies Inc. - Segment focus
    • OWON Technology Inc.
      • Table OWON Technology Inc. - Overview
      • Table OWON Technology Inc. - Product / Service
      • Table OWON Technology Inc. - Key offerings
    • Premier Measurement Solutions Pvt. Ltd.
      • Table Premier Measurement Solutions Pvt. Ltd. - Overview
      • Table Premier Measurement Solutions Pvt. Ltd. - Product / Service
      • Table Premier Measurement Solutions Pvt. Ltd. - Key offerings
    • Qmax Test Equipments Pvt. Ltd.
      • Table Qmax Test Equipments Pvt. Ltd. - Overview
      • Table Qmax Test Equipments Pvt. Ltd. - Product / Service
      • Table Qmax Test Equipments Pvt. Ltd. - Key offerings
    • Rohde and Schwarz GmbH and Co. KG
      • Table Rohde and Schwarz GmbH and Co. KG - Overview
      • Table Rohde and Schwarz GmbH and Co. KG - Product / Service
      • Table Rohde and Schwarz GmbH and Co. KG - Key offerings
    • Scientech Technologies Pvt. Ltd.
      • Table Scientech Technologies Pvt. Ltd. - Overview
      • Table Scientech Technologies Pvt. Ltd. - Product / Service
      • Table Scientech Technologies Pvt. Ltd. - Key offerings
    • Teradyne Inc.
      • Table Teradyne Inc. - Overview
      • Table Teradyne Inc. - Business segments
      • Table Teradyne Inc. - Key news
      • Table Teradyne Inc. - Key offerings
      • Table Teradyne Inc. - Segment focus
    • Yokogawa Electric Corp.
      • Table Yokogawa Electric Corp. - Overview
      • Table Yokogawa Electric Corp. - Business segments
      • Table Yokogawa Electric Corp. - Key offerings
      • Table Yokogawa Electric Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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