The "Test and Measurement Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global test and measurement equipment market reached a value of US$ 24.34 Billion in 2020. Looking forward, the global test and measurement equipment market to reach a value of US$ 30.09 Billion by 2026, exhibiting a CAGR of 3.70% during 2021-2026.
Test and measurement equipment refers to various tools used to measure, analyze, display, test and record electrical data. These tools generate electrical signals and capture the responses from multiple devices in the testing phase to identify faults and ensure the proper functioning of the equipment.
Some of the commonly used test and measurement equipment include oscilloscopes, ammeter, voltmeter, wattmeter, digital multimeters and spectrum analyzers. They are designed to indicate a specific parameter, such as length, weight, current, voltage and temperature and indicate the presence or absence of specific physical characteristics.
Rapid industrialization, along with significant growth in the electronics industry, represents one of the key factors creating a positive impact on the industry growth. Test and measurement equipment are used for checking defects in high-performance and power-efficient consumer electronics and semiconductors during manufacturing.
Consequently, increasing utilization of test and measurement equipment for regular testing and diagnosing any faults in aircraft, helicopters and other machines is also driving the market growth. They are also used for machine control, factory automation and establishing remote sensor connections in the automotive and transportation sectors.
Various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and the development of machine-to-machine (M2M) interaction systems, are acting as other growth-inducing factors. These systems offer portable and embedded testing and measurement solutions with remote troubleshooting capabilities and interactive interfaces.
Other factors, including improvements in the networking and communications infrastructure, along with the increasing automation of laboratory instruments, are expected to drive the market further.
Key Questions Answered in This Report:
How has the global test and measurement equipment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global test and measurement equipment market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global test and measurement equipment market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Test and Measurement Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 General Purpose Test Equipment (GPTE)
6.1.1 Market Trends
6.1.2 Major Types
184.108.40.206 Signal Generators
220.127.116.11 Logic Analyzers
18.104.22.168 Spectrum Analyzers
22.214.171.124 Bert (Bit Error Rate Test)
126.96.36.199 Network Analyzers
6.1.3 Market Forecast
6.2 Mechanical Test Equipment (MTE)
6.2.1 Market Trends
6.2.2 Major Types
188.8.131.52 Non-Destructive Test Equipment
184.108.40.206 Machine Vision Inspection
220.127.116.11 Machine Condition Monitoring
6.2.3 Market Forecast
7 Market Breakup by Service Type
7.1 Calibration Services
7.2 Repair Services/After-Sales Services
8 Market Breakup by End Use Industry
8.1 Automotive and Transportation
8.2 Aerospace and Defense
8.3 IT and Telecommunication
8.5 Semiconductor and Electronics
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
Rohde & Schwarz
Teledyne Technologies Incorporated
Texas Instruments Incorporated
VIAVI Solutions Inc.
Yokogawa Electric Corporation
For more information about this report visit https://www.researchandmarkets.com/r/n2sd9s
View source version on businesswire.com: https://www.businesswire.com/news/home/20210223005663/en/
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