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.