Europe Test and Measurement Equipment Market Size, Share & Industry Trends Analysis Report By Offering, By Vertical, By Country and Growth Forecast, 2023 - 2030
The Europe Test and Measurement Equipment Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030).
The aerospace and defense industries will be heavily dependent on test and measurement products. For example, every form of security agency is boosting attempts to detect the existence of unmanned aerial vehicles (UAVs) or drones in unauthorized spaces, so communication is essential in this industry. A spectrum analyzer can be used to achieve this. Therefore, various T&M tools, including power meters, spectrum analyzers, signal generators, vector network analyzers (VNAs), and long-distance communication equipment, are needed for the crucial testing of many defense-specific components.
An essential component of a communication network is testing and measuring the devices, equipment, and signals. Therefore, any advancement in the communication network will benefit the market. Due to the development of 5G technology as well as data centers, the communication industry is currently undergoing numerous shifts.
The visible outcome of a procedure that includes conformity assessment in the broadest sense is the CE marking as well as the supplemental metrology marking, which indicates the conformance of a measuring device. In accordance with Regulation (EC) No. 765/2008, general guidelines for CE marking are provided. As a result, all industries in the region, especially the automotive and healthcare sectors, must test and measure their products before marketing them. Therefore, the region has immense growth opportunities for test and measurement equipment manufacturers.
The Germany market dominated the Europe Test and Measurement Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,801.2 million by 2030. The UK market is estimated to grow a CAGR of 3.1% during (2023 - 2030). Additionally, The France market would display a CAGR of 4.8% during (2023 - 2030).
Based on Offering, the market is segmented into Product (General Purpose Test Equipment, and Mechanical Test Equipment), and Services (Calibration Services, Repair or After Sale Services, Others). Based on Vertical, the market is segmented into Industrial, Automotive & Transportation, Electronics & Semiconductor, Education & Government, Healthcare & Dental, Aerospace & Defense, Manufacturing, Telecom & IT, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Viavi Solutions, Inc., Yokogawa Electric Corporation, Keysight Technologies, Inc., Fortive Corporation (Tektronix, Inc.), Ametek, Inc., Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Advantest Corporation, Teledyne FLIR LLC (Teledyne Technologies Incorporated), and EXFO, Inc.
Scope of the Study
Market Segments covered in the Report:
By Offering
- Product
- General Purpose Test Equipment
- Mechanical Test Equipment
- Services
- Calibration Services
- Repair or After Sale Services
- Others
- Industrial
- Automotive & Transportation
- Electronics & Semiconductor
- Education & Government
- Healthcare & Dental
- Aerospace & Defense
- Manufacturing
- Telecom & IT
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Viavi Solutions, Inc.
- Yokogawa Electric Corporation
- Keysight Technologies, Inc.
- Fortive Corporation (Tektronix, Inc.)
- Ametek, Inc.
- Rohde & Schwarz GmbH & Co. KG
- Anritsu Corporation
- Advantest Corporation
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- EXFO, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Test and Measurement Equipment Market, by Offering
- 1.4.2 Europe Test and Measurement Equipment Market, by Vertical
- 1.4.3 Europe Test and Measurement Equipment Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Aug – 2023, May) Leading Players
- Chapter 4. Europe Test and Measurement Equipment Market by Offering
- 4.1 Europe Product Market by Country
- 4.2 Europe Test and Measurement Equipment Market by Product Type
- 4.2.1 Europe General Purpose Test Equipment Market by Country
- 4.2.2 Europe Mechanical Test Equipment Market by Country
- 4.3 Europe Services Market by Country
- 4.4 Europe Test and Measurement Equipment Market by Services Type
- 4.4.1 Europe Calibration Services Market by Country
- 4.4.2 Europe Repair or After Sale Services Market by Country
- 4.4.3 Europe Others Market by Country
- Chapter 5. Europe Test and Measurement Equipment Market by Vertical
- 5.1 Europe Industrial Market by Country
- 5.2 Europe Automotive & Transportation Market by Country
- 5.3 Europe Electronics & Semiconductor Market by Country
- 5.4 Europe Education & Government Market by Country
- 5.5 Europe Healthcare & Dental Market by Country
- 5.6 Europe Aerospace & Defense Market by Country
- 5.7 Europe Manufacturing Market by Country
- 5.8 Europe Telecom & IT Market by Country
- 5.9 Europe Others Market by Country
- Chapter 6. Europe Test and Measurement Equipment Market by Country
- 6.1 Germany Test and Measurement Equipment Market
- 6.1.1 Germany Test and Measurement Equipment Market by Offering
- 6.1.1.1 Germany Test and Measurement Equipment Market by Product Type
- 6.1.1.2 Germany Test and Measurement Equipment Market by Services Type
- 6.1.2 Germany Test and Measurement Equipment Market by Vertical
- 6.2 UK Test and Measurement Equipment Market
- 6.2.1 UK Test and Measurement Equipment Market by Offering
- 6.2.1.1 UK Test and Measurement Equipment Market by Product Type
- 6.2.1.2 UK Test and Measurement Equipment Market by Services Type
- 6.2.2 UK Test and Measurement Equipment Market by Vertical
- 6.3 France Test and Measurement Equipment Market
- 6.3.1 France Test and Measurement Equipment Market by Offering
- 6.3.1.1 France Test and Measurement Equipment Market by Product Type
- 6.3.1.2 France Test and Measurement Equipment Market by Services Type
- 6.3.2 France Test and Measurement Equipment Market by Vertical
- 6.4 Russia Test and Measurement Equipment Market
- 6.4.1 Russia Test and Measurement Equipment Market by Offering
- 6.4.1.1 Russia Test and Measurement Equipment Market by Product Type
- 6.4.1.2 Russia Test and Measurement Equipment Market by Services Type
- 6.4.2 Russia Test and Measurement Equipment Market by Vertical
- 6.5 Spain Test and Measurement Equipment Market
- 6.5.1 Spain Test and Measurement Equipment Market by Offering
- 6.5.1.1 Spain Test and Measurement Equipment Market by Product Type
- 6.5.1.2 Spain Test and Measurement Equipment Market by Services Type
- 6.5.2 Spain Test and Measurement Equipment Market by Vertical
- 6.6 Italy Test and Measurement Equipment Market
- 6.6.1 Italy Test and Measurement Equipment Market by Offering
- 6.6.1.1 Italy Test and Measurement Equipment Market by Product Type
- 6.6.1.2 Italy Test and Measurement Equipment Market by Services Type
- 6.6.2 Italy Test and Measurement Equipment Market by Vertical
- 6.7 Rest of Europe Test and Measurement Equipment Market
- 6.7.1 Rest of Europe Test and Measurement Equipment Market by Offering
- 6.7.1.1 Rest of Europe Test and Measurement Equipment Market by Product Type
- 6.7.1.2 Rest of Europe Test and Measurement Equipment Market by Services Type
- 6.7.2 Rest of Europe Test and Measurement Equipment Market by Vertical
- Chapter 7. Company Profiles
- 7.1 Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Recent strategies and developments:
- 7.1.4.1 Product Launches and Product Expansions:
- 7.1.5 SWOT Analysis
- 7.2 Viavi Solutions, Inc.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.5.2 Product Launches and Product Expansions:
- 7.2.5.3 Acquisition and Mergers:
- 7.3 Yokogawa Electric Corporation
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Product Launches and Product Expansions:
- 7.3.5.2 Acquisition and Mergers:
- 7.4 Keysight Technologies, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Product Launches and Product Expansions:
- 7.4.5.2 Acquisition and Mergers:
- 7.5 Fortive Corporation (Tektronix, Inc.)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Product Launches and Product Expansions:
- 7.6 Ametek, Inc.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Acquisition and Mergers:
- 7.7 Rohde & Schwarz GmbH & Co. KG
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Product Launches and Product Expansions:
- 7.7.2.2 Acquisition and Mergers:
- 7.8 Anritsu Corporation
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 Recent strategies and developments:
- 7.8.5.1 Partnerships, Collaborations, and Agreements:
- 7.8.5.2 Product Launches and Product Expansions:
- 7.9 Advantest Corporation
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 Recent strategies and developments:
- 7.9.5.1 Product Launches and Product Expansions:
- 7.9.5.2 Acquisition and Mergers:
- 7.10. EXFO, Inc.
- 7.10.1 Company Overview
- 7.10.2 Recent strategies and developments:
- 7.10.2.1 Product Launches and Product Expansions:
- 7.10.2.2 Acquisition and Mergers:
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