Global Test and Measurement Equipment Market Growth (Status and Outlook) 2025-2031

Global Test and Measurement Equipment Market Growth (Status and Outlook) 2025-2031

The global Test and Measurement Equipment market size is predicted to grow from US$ 12580 million in 2025 to US$ 17910 million in 2031; it is expected to grow at a CAGR of 6.1% from 2025 to 2031.

Test and Measurement equipment comprises tools or instruments that can help analyze, validate, and verify electronic, electrical, and mechanical systems and their output. This report covers Microwave and Millimeter-wave, Photoelectric, Communication and Basic Test and Measurement Equipment.

Global key players of Test and Measurement Equipment include Keysight, Rohde & Schwarz, National Instruments (Emerson), Teledyne, Tektronix, etc. The top five players hold a share about 44%. Asia Pacific is the largest market for Test and Measurement, which has a share about 45%, followed by North America and Europe, with share 34% and 15%, separately. In terms of product type, Microwave / Millimeter-wave is the largest segment, occupied for a share of 31%. In terms of application, Automotive is the largest field with a share about 22%.

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 2024, providing a comprehensive analysis by region and market sector of projected Test and Measurement Equipment sales for 2025 through 2031. 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 analyses 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.

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.

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.