Global Test and Measurement Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Test and Measurement Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Test and Measurement Equipment is equipment used to inspect, test, calibrate, or measure parameters. They are widely used in the fields of IT & telecommunication, semiconductors and electronics, aerospace and defense, automotive and healthcare, etc.

Market Overview:

The latest research study on the global Test and Measurement Equipment market finds that the global Test and Measurement Equipment market reached a value of USD 31922.18 million in 2022. It’s expected that the market will achieve USD 63925.62 million by 2028, exhibiting a CAGR of 12.27% during the forecast period.

Growing demand of downstream industries

The Development of 5G and Network of Things (NoT) Technology
Driven by the aging population, the demand for Test and Measurement Equipment in the health care market will expand.

With the increasing demand of customers, it is difficult for a single measurement to meet the basic measurement requirements of users.

The production and sales of Test and Measurement Equipment are affected by Covid-19

Competition in the industry is fierce

The labor cost of Test and Measurement Equipment company will be more obvious

Region Overview:

In 2022, the share of the market in North America stood at 43.95%.

Company Overview:

Keysight, Advantest Corporation, Rohde & Schwarz GmbH & Co KG were the top 3 players in the market in 2022, taking up a market share of 24.05% together.

Keysight Technologies, or Keysight, is an American company that manufactures electronic test and measurement equipment and software. Keysight's products include hardware and software for benchtop, modular, and field instruments.

Advantest offers solutions for a wide variety of semiconductors and test needs, from SoC and memory, to R&D evaluation and system level test. Over many years, Advantest has built strong partnerships around the globe with a wide range of semiconductor suppliers ranging from IDMs to fabless, foundry and OSAT companies, as well as universities and research institutes. Advantest provides one-stop shopping for the test systems, test handlers, and device interfaces which are essential to semiconductor package test.

Segmentation Overview:

By type, General Purpose Test Equipment segment accounted for the largest share of market in 2022.

General purpose test equipment includes equipment which measure basic parameters like watts, voltage, frequency and other diagnostic data.

Mechanical test equipment covers equipment used for adhesion, compression, drop (shock), tensile, vibration, and fatigue testing.

Application Overview:

The market's largest segment by application is the segment IT & telecommunication, with a market share of 25.00% in 2022.

Key Companies in the global Test and Measurement Equipment market covered in Chapter 3:

Yokogawa Electric Corporation
Gw Instek
National Instruments Corporation
VIAVI Solutions Inc.
Keysight
Rohde & Schwarz GmbH & Co KG
Fortive Corporation
EXFO, Inc.
Advantest Corporation
Ametek
Texas Instruments Incorporated
SIGLENT Technologies
Anritsu Corporation
SPX Corporation
Teledyne Technologies, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Test and Measurement Equipment market from 2018 to 2029 is primarily split into:

General Purpose Test Equipment
Mechanical Test Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Test and Measurement Equipment market from 2018 to 2029 covers:

IT & telecommunication
Semiconductor & Electronics
Aerospace & Defense
Automotive
Healthcare

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)