Test and Measurement Equipment Market in APAC to Soar, Forecasts Growth by USD 2.55 Billion Between 2022-2027
Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Test and Measurement Equipment Market in APAC 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The test and measurement equipment industry in the APAC region has entered a phase of accelerating growth, with projections estimating a robust USD 2.55 billion increase in market value over the period from 2022 to 2027. An impressive compound annual growth rate (CAGR) of 5.27% is expected to be sustained throughout the forecast period, according to a thorough market analysis.
Key growth drivers shaping the market landscape include the significant expansion of telecommunication networks in the region, substantial investments in research and development, and progressive advancements within the automotive, aerospace, and defense sectors. The comprehensive report provides a detailed analysis of market size, emerging trends, growth drivers, and the challenges that industry stakeholders may face, along with expert vendor analysis encompassing around 25 major players in the field.
The test and measurement equipment sector in APAC is dissected into several segments:
Products: General Purpose Test Equipment (GPTE), Automated Test Equipment (ATE), Wireless Test Equipment (WTE), Calibration Equipment, among others
End-users: Electronics, Communication, General Industry, Aerospace and Defense (A&D), and other verticals
One of the key trends recognized by the analysis is the growing inclination towards modular test and measurement equipment. Additional factors such as the automation of laboratory instruments and the burgeoning medical device manufacturing sector in APAC are anticipated to propel market demand exponentially. This report underscores not just the current market scenario but also the futuristic potentialities and challenges that may impinge on market progression.
A selection of companies mentioned in this report includes
Advantest Corp.
Agilent Technologies Inc.
Anritsu Corp.
Bruker Corp.
Cohu Inc.
EXFO Inc.
Fortive Corp.
Hitachi Ltd.
HORIBA Ltd.
Keysight Technologies Inc.
National Instruments Corp.
NetScout Systems Inc.
Oxford Instruments PLC
Renishaw PLC
Rohde and Schwarz GmbH and Co. KG
Spirent Communications PLC
Teradyne Inc.
Thermo Fisher Scientific Inc.
Viavi Solutions Inc.
Yokogawa Electric Corp.
For more information about this report visit https://www.researchandmarkets.com/r/2cmgn
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