Global Test and Measurement Equipment Market Growth (Status and Outlook) 2023-2029

Global Test and Measurement Equipment Market Growth (Status and Outlook) 2023-2029

Test and Measurement equipment comprises tools or instruments that can help analyze, validate, and verify electronic, electrical, and mechanical systems and their output.
LPI (LP Information)' newest research report, the “Test and Measurement Equipment Industry Forecast” looks at past sales and reviews total world Test and Measurement Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Test and Measurement Equipment sales for 2023 through 2029. With Test and Measurement Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Test and Measurement Equipment industry.
This Insight Report provides a comprehensive analysis of the global Test and Measurement Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Test and Measurement Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Test and Measurement Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Test and Measurement Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Test and Measurement Equipment.
The global Test and Measurement Equipment market size is projected to grow from US$ 11550 million in 2022 to US$ 18070 million in 2029; it is expected to grow at a CAGR of 6.6% from 2023 to 2029.
Global test and measurement equipment key players include Keysight, Anritsu, Tektronix, Rohde & Schwarz, Ametek etc. Global top 5 manufacturers hold a share over 30%. North America is the largest market, with a share about 37%, followed byJapan and China. In terms of product, microwave/ millimeter-wave is the largest segment, with a share over 30%. And in terms of application, the largest application is IT & telecommunicationsAutomotive, followed by automotive.
This report presents a comprehensive overview, market shares, and growth opportunities of Test and Measurement Equipment market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Microwave / Millimeter-wave
Photoelectric
Communication
Basic
Segmentation by application
Automotive
Aerospace and Defense
IT and Telecommunications
Medical and Pharmaceuticals
Semiconductor and Electronics
Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Keysight
Rohde & Schwarz
Tektronix
Teledyne
National Instruments
Anritsu
Viavi
Ceyear
Ametek
Advantest
Exfo
Yokogawa Electric
Gw Instek
RIGOL
Transcom Instruments
SIGLENT
UNI-T
Scientech Technologies
B&K Precision

Please note: The report will take approximately 2 business days to prepare and deliver.