Test and Measurement Equipment Market 2018: Gross Margin Analysis, Development Strategy, Company Profile, Competitive Landscape, Future Prospects and Industry Poised for Rapid Growth by 2023

Market Research Future
Market Research Future published a research report on “Test & Measurement Equipment Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Overview:

Test and measurement equipment market is estimated to exhibit high growth potential during the forecast period owing to the increasing demand for test and measurement equipment solutions and services across various industry verticals. Additionally, innovations and advancements in technology and increasing market for test and measurement equipment solutions owing to the increasing demand for test and measurement equipment in industrial applications is adding fuel to the growth of the market.

Fortive, Rohde & Schwarz, Anritsu Corporation, Keysight Technologies, Yokogawa Electric Corporation, National Instruments Corporation, Teledyne Technologies, Inc. and Texas Instruments Inc. are some of the leading players in the market. Texas Instruments offers high-performance analog products and embedded processors to their consumers. The company believes in continually pushing the performance limits of precision test and measurement solutions. The test and measurement solutions being offered by the company include signal measurement, source generation, application specific and instrumentation. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements. The increasing push towards the use of test and measurement equipment solutions across different industry verticals is one major factor driving the growth of test and measurement equipment market. The growth of the global test and measurement equipment market is anticipated due to the convenience being provided to the users with the adoption of test and measurement equipment solutions,

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The global test and measurement equipment market is a segmented product, service, and application.

The application segment is classified into automotive, aerospace & defense, electronics & semiconductors, industrial, education, IT & telecommunication, and healthcare. However, the industrial application sub-segment is expected to hold a major share of the global test and measurement equipment market during the forecast period. This is owing to the increasing dependency of business operations on industrial applications. The test and measurement equipment are being used at different stages of the product’s development lifecycle and hence are increasingly being deployed for testing industrial applications. However, the lack of awareness regarding the test and measurement equipment solutions and price sensitivity are major factors that could cause hindrance in the growth of global test and measurement equipment market.

According to the analysis of Market Research Future, the global Test and Measurement Equipment Market is estimated to generate revenue of approximately USD 28 billion by 2023 growing at a CAGR of 4% during the forecast period 2017-2023.

Key Players:

Some of the prominent players in the global test and measurement equipment market are Fortive (U.S.), Rohde & Schwarz (Germany), Anritsu Corporation (Japan), Keysight Technologies (U.S.), Yokogawa Electric Corporation (Japan), National Instruments Corporation (U.S.), EXFO (Canada), Advantest Corporation (Japan), Viavi Solutions (U.S.), Cobham plc. (U.K), Teledyne Technologies, Inc. (U.S.), and Texas Instruments Inc., (U.S.) among others.

Segments

The global test and measurement equipment market is segmented by product, service, and application. Based on the product, the market is segmented into mechanical test equipment and general purposes test equipment. The mechanical test equipment segment is further classified into machine vision inspection, machine condition monitoring, and non-destructive test equipment. Whereas, the general-purpose test equipment sub-segment is further classified into oscilloscopes, signal generator, digital multimeter, logic analyzer, spectrum analyzer, network analyzer, power meter, electronic counter, modular instrumentation, and automatic test equipment. Based on the service, the market is segmented into after-sales services, calibration services, and others. The other services include asset management, climatic product testing, training & consulting, and shock testing. Whereas, based on application, the market is segmented into automotive, aerospace & defense, electronics & semiconductors, industrial, education, IT & telecommunication and healthcare.

Regional Analysis

The global test and measurement equipment market is studied in Asia Pacific, North America, Europe, and the Rest of the World. Asia Pacific is estimated to account for the largest share of the market, whereas North America is projected to grow at the fastest rate during the forecast period. The growth of the market in Asia Pacific is attributed to technological advancements and increased adoption of test and measurement equipment solutions across various industry verticals.

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Intended Audience

  • Technology Investors
  • Research/Consultancy Firms
  • Government Bodies
  • Consulting Service Providers
  • Technology Providers
  • System Integrators
  • Software Vendors
  • Web Content Developers
  • Service Providers
  • Cloud Platform Providers
  • Mobile Application Developers
  • Communication Service Providers (CSPs)

About Us:

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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