Test and Measurement Market is Expected to Hit $3.7 Billion by 2023

According to the new market research report by IndustryARC titled“Test and Measurement Market: By Product (Wireless Test Equipment, General Purpose Test Equipment (GPTE), Semiconductor Test Equipment, & Real-Time Test Equipment), By End-User, & By Region-Forecast (2018-2023)“, the market is expected to grow from $2.5 billion in 2017 to $3.7 billion by 2023, at a CAGR of 28.6%.

Heavy use of mobile data will play a vital role in growth of communication tests and measurement solutions, such as wireless test equipment and network management. The communication test and measurement marketplace has grown rapidly in recent years, and its further growth will depend highly on the growth of the telecommunication market.

Asia-Pacific continues to expand its market share and growth during 2018-2023.

Since China has an enhanced information communication technology supply chain, which includes semiconductors and related equipment. Therefore, a huge demand for electrical test equipment from this sector has accelerated the growth of the market. A major change has been figured out where Asia-Pacific experienced an increase of 3% in revenue in the existing market. America is still the leading market for test and measurement, as it holds the highest share of 45% since 2015. High frequency of manufacturing, adoption of smartphones by the people and adoption of data connections are other driving factors accelerating the growth of the market in America.

In the industry vertical, telecommunication industry generated the highest revenue for test and measurement market in 2015 and is projected to remain dominant throughout the forecast period. There has been an increasing demand for test and measurement from numerous end user industries including telecommunications, aerospace and defense, semiconductor & electronics, transportation, medical and so on.

Selected Industrial Vertical Analysis done in the full Report:

Globally, there has been a consistent rise in mobile penetration from the past decade. The telecommunications sector is one of the fastest growing industries across the globe. Trends including mobile broadband, IoT, cloud computing and Big Data management are currently propelling the growth of the telecom industry. As wireless technology play a major role in the aerospace and defense market, demand for spectrum analyzers and signal generators with higher frequencies and wider bandwidths are estimated to increase over the forecast period.

Followed by semiconductor & electronics industry and the medical industry, demand for electronic devices has been increasing which is simultaneously increasing the adoption of test and measurement by electronics OEMs in recent years. In the automated test equipment,new energy vehicles such as electric and hybrid vehicles and so on have been estimated to strengthen their footprint, which stimulates the automotive test equipment utilization, and there is a scope of embedding these systems in automobiles, thus increasing the adoption of test and measurement.

A global increase in electricity demand has increased the development of power infrastructure, and this significantly propels the demand for electrical devices. New and efficient products are cost effective which have been boosting the use of test and measurement equipment, simultaneously propelling market growth.

Excerpts Growth Factors Mentioned in the Full Report:

• High manufacturing of electronics parts such as displays, server/storage equipment, electronic measurement, electron-medical equipment and others across the globe have escalated the demand of the wireless test equipment market.
• National Instruments debuted a 5G New Radio (NR), sub-6GHz emulator. The company assures that the technology will reduce time-to-market and lower costs of 5G testing, a new engineering till date.
• Increasing internet penetration, evolution of communication technologies to support high data rates, low latency rate and so on, has elevated the use of consumer electronics. To meet the growing demands of the consumer electronics, OEMs have been focusing on test and measurement as a part of R&D equipment to sustain in a competitive environment and to increase the market revenue, that has significantly propelled the test and measurement market revenue in the recent past.
• Improved wireless standards for smart device communications, coupled with their increasing adoption in smart homes, cities, is also estimated to increase the test and measurement market revenue in the coming years.
• United Arab Emirates (UAE), has been focusing on the implementation of modern and technologically advanced defense systems which have been amplifying the utilization of test and measurement equipment for various test and measurement applications including electrical power generating systems, automatic electronic measurement equipment, testers and test sets, APU test cells and so on.

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Key players of Test and Measurement Market:

The key players for test and measurement market like Anritsu Corp. (Japan), Rohde & Schwarz GmbH & Co. KG (Germany), Tektronix, Inc. (U.S.) and are capturing substantial amount of the market, primarily driven by their global presence, brand image, capabilities of innovation and strong customer base. These companies have been aligning their research and product pipeline with the evolving needs of the customers.

Companies citied and interviewed:

1. Aeroflex Inc.
2. Fluke Corporation
3. Viavi Solutions Inc.
4. Advantest Corporation
5. Danaher
6. Bureau Veritas.
7. Thermo Fisher
8. Fastech Telecommunications
9. National Instruments
10. Yokogawa Electric
11. Ixia
12. TERADYNE, Inc.
13. Cobham
14. Company 16
15. Company 17
16. Company 20+

Related Reports:

1. Testing, Inspection and Certification Market:
2. Maintenance, Repair and Overhaul Aerospace Market

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Test and Measurement Market Report is Segmented as indicated below.

• Test And Measurement Market By Equipment Type

• General Purpose Test Equipment

1. Network Analyzers
2. Bit Error rate Tester(BERT)
3. Electronic Counter
4. Spectrum Analyzer
5. Signal Generator
6. Power Meters / Sensors
7. Oscilloscopes
8. Digital Multi-meter
9. Logic Analyzers
10. Others

• Semiconductor Test Equipment
• Communication Test Equipment

1. Wireless
2. WIRELINE
3. FIBER OPTIC
4. Real-Time Test Equipment

• Test And Measurement Market - By Industry Verticals

1. Automotive
2. Telecommunications
3. Aerospace & defense
4. Semiconductor & electronics
5. Transportation
6. Medical
7. Others

• Test and Measurement Market By Geography ( Covers 15+ Countries )

• Test and Measurement Market Entropy
• Company Profiles

• Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.

What can you expect from the report?

The Test and Measurement Market Report is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis ( By Revenue & Volume )
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

FAQ:

Does IndustryARC publish country, geography or application based reports in Test and Measurement?

Yes, we do have separate reports as mentioned below:

1. America Test and Measurement Market (2018-2023)
2. Europe Test and Measurement Market (2018-2023)
3. Asia Pacific Test and Measurement Market (2018-2023)
4. Middle East and African Test and Measurement Market (2018-2023)
5. Telecommunications Test and Measurement Market (2018-2023)
6. Aerospace & Defense Test and Measurement Market (2018-2023)
7. Semiconductor & Electronics Test and Measurement Market (2018-2023)
8. Transportation Test and Measurement Market (2018-2023)
9. Medical Test and Measurement Market (2018-2023)

Does IndustryARC provide customized reports and charge additionally for limited customization?

Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team; we can provide a separate quote based on your requirement. You can send an e-mail to sales@industryarc.com to discuss more about our consulting services.

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