Test And Measurement Equipment Market In Apac 2024-2028
The test and measurement equipment market in APAC is forecasted to grow by USD 2884.8 mn during 2023-2028, accelerating at a CAGR of 5.62% during the forecast period. The report on the test and measurement equipment market in APAC 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 expansion of telecommunication networks, rise in research and development investments in APAC, and growth in automotive, aerospace, and defense industries.
Technavio's test and measurement equipment market in APAC is segmented as below:
- By Product
- GPTE
- ATE
- WTE
- Calibration
- Others
- By End-user
- Electronics
- Communication
- General industry
- A and D
- Others
- By Geographical Landscape
- APAC
This study identifies the growing popularity of modular test and measurement equipment as one of the prime reasons driving the test and measurement equipment market in APAC growth during the next few years. Also, automation of laboratory instruments and increasing advancements in medical device manufacturing in APAC will lead to sizable demand in the market.
The report on the test and measurement equipment market in APAC covers the following areas:
- Test and measurement equipment market in APAC sizing
- Test and measurement equipment market in APAC forecast
- Test and measurement equipment market in APAC 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 equipment market in APAC vendors that include Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Bruker Corp., Cohu Inc., EXFO Inc., Fortive Corp., Hitachi Ltd., HORIBA Ltd., Keysight Technologies Inc., National Instruments Corp., NetScout Systems Inc., Oxford Instruments plc, Renishaw Plc, Rohde and Schwarz GmbH and Co. KG, Spirent Communications plc, Teradyne Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., and Yokogawa Electric Corp.. Also, the test and measurement equipment market in APAC 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 primary and secondary research. 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 accurate market growth.