Europe Test and Measurement Equipment Market Size, Trends & Growth Opportunity and By Product Type (General Purpose Test Equipment (GPTE) (Oscilloscopes, Signal Generators, Multimeters, Logic Analyzers, Spectrum Analyzers, Bert (Bit Error Rate Test), Netw

Europe Test and Measurement Equipment Market Size, Trends & Growth Opportunity and By Product Type (General Purpose Test Equipment (GPTE) (Oscilloscopes, Signal Generators, Multimeters, Logic Analyzers, Spectrum Analyzers, Bert (Bit Error Rate Test), Network Analyzers, and Others), Mechanical Test Equipment (MTE) (Non-Destructive Test Equipment, Machine Vision Repair Services/After-Sales Services, and Machine Condition Monitoring), By Service Type (Calibration Services and Repair Services/After-Sales Services), By End Use Industry (Automotive and Transportation, Aerospace and Defense, IT and Telecommunication, Education, Semiconductor and Electronics and Others) By Region and Forecast till 2027.

Europe Test and Measurement Equipment Market

The Europe Test and Measurement Equipment Market is expected to grow from US$ 541.91 Million in 2021 to US$ 967.44 Million by 2027; it is estimated to grow at a CAGR of 8.63% from 2021 to 2027.

Drivers: The test and measurement tools can determine how well electronic gadgets work. The component's timely degradations caused by external turbulences including heat, vibration, shock, and changing environmental conditions are identified thanks to this testing. The performance, shelf life, precision, and efficiency of devices are all improved by this equipment. Engineers and Original Equipment Manufacturers (OEMs) of test and measurement equipment are concentrating on producing cutting-edge semiconductor devices like robots and various sorts of sensors with extra functionality.

Restraints: Setting up testing facilities and installing testing and measurement equipment is quite expensive. To use testing and measurement equipment and conduct tests, qualified experts are needed. These are the things holding back the market for test and measurement equipment. Electronic gadgets' energy usage is decreased while using antenna arrays. The market's difficulties, however, are caused by the irregularities, calibration, and complexity problems in antennas.

Opportunities: Future trends in the test and measurement equipment market are anticipated to be driven by the continued trend of developing and implementing 5G wave technologies, along with an increase in the number of new products that are compatible with higher bandwidths. Future trends in the use of test and measurement equipment are expected to be driven by the development of cutting-edge gear that leaves no room for flaws, such as robotics, space technology, and other technologies. The manufacture of semiconductor devices has exploded in many places in tandem with the adoption of cutting-edge digital technologies like the internet of things (IoT), machine learning (ML), or even data analytics.

Impact of Covid-19

The Europe test and measurement equipment market, in contrast to the majority of other markets, appears to have endured the economic recession that followed the Covid-19 outbreak. In actuality, the Covid-19 pandemic outbreak led to an increase in the development of electric medical devices and appliances. Despite a slump in other parts of the economy, the market for test and measurement equipment actually expanded to help with the quick procurement of such devices.

Segmentation By Product Type: Europe Test and Measurement Equipment Market is classified on the basis of Product Type into General Purpose Test Equipment (GPTE) and Mechanical Test Equipment (MTE). Further General Purpose Test Equipment (GPTE) is divided into Oscilloscopes, Signal Generators, Multimeters, Logic Analyzers, Spectrum Analyzers, Bert (Bit Error Rate Test), Network Analyzers, and Others. Mechanical Test Equipment (MTE) is divided into Non-Destructive Test Equipment, Machine Vision Repair Services/After-Sales Services, and Machine Condition Monitoring.

Segmentation By Service Type: Europe Test and Measurement Equipment Market is classified on the basis of Service Type into Calibration Services and Repair Services/After-Sales Services.

Segmentation By End Use Industry: Europe Test and Measurement Equipment Market is classified on the basis of End Use Industry into Automotive and Transportation, Aerospace and Defense, IT and Telecommunication, Education, Semiconductor and Electronics and Others.

Segmentation By Region: Europe Test and Measurement Equipment Market is classified on the basis of Region into Germany, France, UK, Turkey, Switzerland, Norway, Sweden, Spain, Denmark, Finland, Iceland, Poland, Luxembourg, Netherlands, and Belgium.

Competitive Landscape: The key players of Europe Test and Measurement Equipment Market are TTI Europe, FORTIVE, Keysight Technologies, Rohde & Schwarz, Advantest Europe GmbH, National Instruments, Viavi Solutions, Anritsu Europe, Yokogawa Europe, and Texas Instruments Europe. Industrial Development

The next generation of wireless communication, known as 6G technology, will be further researched and developed thanks to a deal between Keysight Technologies and Samsung Research.

At electronica 2022, the Rohde & Schwarz R&S MXO 4 next-generation oscilloscope will take centre stage. The 13.3" full-HD capacitive touchscreen is only one of many outstanding features found in the R&S MXO 4 series' next-generation oscilloscopes. Visitors to electronica 2022 will be able to directly witness a variety of industry firsts with the 4-channel oscilloscopes.

Advantest Europe GmbH, a leading provider of semiconductor test equipment, has announced that it has reached an agreement to purchase CREA - Collaudi Elettronici Automatizzati S.r.l., situated in Italy ("CREA").

NH Research, LLC (NHR), a pioneer in high power test and measurement applications such as electric vehicles (EVs) and batteries, has been acquired by NI. On October 19, 2021, the deal was finalised. The EV Systems division of Rosenheim, Germany-based Heinzinger GmbH, a pioneer in high-current and high-voltage power systems, is now up for sale, and the transaction is anticipated to completion in the first quarter of 2022, according to NI.

Market Taxonomy

By Product Type

General Purpose Test Equipment (GPTE)

o Oscilloscopes

o Signal Generators

o Multimeters

o Logic Analyzers

o Spectrum Analyzers

o Bert (Bit Error Rate Test)

o Network Analyzers

o Others

Mechanical Test Equipment (MTE)

o Non-Destructive Test Equipment

o Machine Vision Repair Services/After-Sales Services

o Machine Condition Monitoring

By Service Type

Calibration Services

Repair Services/After-Sales Services

By End Use Industry

Automotive and Transportation

Aerospace and Defense

IT and Telecommunication

Education

Semiconductor and Electronics

Others

By Region

Germany

France

UK

Turkey

Switzerland

Norway

Sweden

Spain

Denmark

Finland

Iceland

Poland

Luxembourg

Netherlands

Belgium

Key Questions Addressed by the Report

What are the Key Opportunities in Europe Test and Measurement Equipment Market?

What will be the growth rate from 2021 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the competitive Landscape in the Industry?

What is the role of key players in the value chain?