Global Test and Measurement Equipment Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 4.0% through 2020 to 2027, reaching US$ XX Bn.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Test and Measurement Equipment Market
Global Test and Measurement Equipment Market
To know about the Research Methodology :- Request Free Sample Report
Test and measurement equipment are utilized to simulate the actual inputs to a system or device under test, and it used in wide verity of fields. The global test and measurement equipment market is driven by the rising demand for electronic devices, growth in research & development expenditures, and the growing adoption of power-efficient and high-performance electronic devices. Augmented penetration of modular instrumentation and technical development towards communication and networking will impel market growth in the upcoming period. However, the price of test and measurement equipment may restrain the market growth at the global level. The arrival of 5g Technology and utilization of advanced LTE and rapid penetration of IoT devices are likely to create valuable growth opportunities for key players in the market. Continuously changing technologies and increased penetration of rental and leasing services are the major challenges for the Test and Measurement Equipment market in the near future.
Based on the end-use industry, the automotive segment led the test and measurement equipment market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Owing to the recent trends related to the connected car and autonomous car. Rising demand for ultra-modern electronic systems in sport utility vehicles and luxury cars will increase the test and measurement equipment demand in the automotive industry. Nowadays, various types of vehicles are utilized for public or private transportation worldwide. These vehicles require consistent testing and servicing that needs test and measurement equipment. The growing environment and safety guidelines for automobiles and the incorporation of advanced systems in automobile manufacturing to safeguard the proper functioning of machines or systems are projected to boost the market growth in the upcoming period.
Geographically, the test and measurement equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. The early adoption of innovative technology and the growing enlargement in the IT and telecom industry will increase the market growth in this region. Developed countries such as the U.S. and Canada are successfully contributing to the North American market growth. The rising adoption of communication testing equipment and broadband services will boost market growth in Canada. Growing demand for communication test and measurement solutions for the improved distribution of voice, video, and data services are fueling the market growth in the U.S.
Asia Pacific is expected to grow at a CAGR of XX% during the forecast period owing to the presence of a large number of key players and the leading hub for various end-use industries such as automobile, electrical, and electronics. India, China, Japan, and South Korea are the prominent manufacturing hub for consumer electronic devices like smartphones, gaming console, and laptops. Among these, China is the leading hub for semiconductor manufacturing, and its necessity in the development and implementation of IoT and the growing telecommunication industry are impelling the Chinese market growth. The government of India has taken various initiatives for advancement in the semiconductor industry is propelling the Indian market growth. Owing to technological improvements, the rise in foreign direct investments in research and development activities for the introduction of advanced test and measurement equipment is estimated to accelerate the Japanese market growth in the near future.
A report covers the recent development in the test and measurement equipment market i.e.,
• UL LLC has announced the acquisition of Wintech Testing and Certification, a provider of testing and certification services to architects, building owners, and manufacturers across the built environment community.
• Teledyne Technologies, a provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems, has announced the acquisition of the Gas and Flame Detection Business of 3M Company.
• SGS SA, a Switzerland-based inspection, verification, testing, and certification provider, has acquired Chemical Solutions Ltd., a U.S.-based testing laboratory specializing in elemental and heavy metal testing for pharmaceutical, food, and cosmetic products across the U.S. and worldwide.
• Fluke Corporation, a U.S.-based subsidiary of Fortive that manufactures test and measurement equipment, has acquired PRUFTECHNIK, a Germany-based test, and measurement company.
The objective of the report is to present a comprehensive analysis of the Global Test and Measurement Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Test and Measurement Equipment Market dynamics, structure by analyzing the market segments and project the Global Test and Measurement Equipment Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Test and Measurement Equipment Market make the report investor’s guide.
For More Information Visit :
https://www.maximizemarketresearch.com/market-report/global-test-and-mea...
Scope of the Global Test and Measurement Equipment Market: Inquire before buying
Global Test and Measurement Equipment Market, by Product:
• Mechanical Test Equipment
• Non-Destructive Test Equipment
• Machine Vision Inspection
• Machine Condition Monitoring
• General Purpose Test Equipment
• Oscilloscopes
• Signal Generators
• Multimeters
• Logic Analyzers
• Spectrum Analyzers
• Others
Global Test and Measurement Equipment Market, by Component:
• Connectors
• Cables Assemblies
• Value Added Accessories
Global Test and Measurement Equipment Market, by Service Type:
• Calibration Services
• Repair Services/After-Sales Services
Global Test and Measurement Equipment Market, by End-Use Industry:
• Aerospace & Defense
• Automotive
• Education & Government
• IT & Telecommunication
• Healthcare (Medical)
• Semiconductor & Electronics
• Industrial
Global Test and Measurement Equipment Market, by Region:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Test and Measurement Equipment Market, Major Players:
• Keysight Technologies
• Advantest Corporation
• Fortive Corporation
• Rohde & Schwarz GmbH & Co. KG
• Anritsu Corporation Corporation
• National Instruments
• Exfo Inc.
• Yokogawa Electric Corporation
• Viavi Solutions Inc.
• Cobham plc
• Texas Instruments Incorporated
• Teledyne Technologies Inc.
• Ametek Inc.
• Adlink Technology Inc.
• Vaunix Technology Corporation
• Giga-tronics Incorporated.
• Good Will Instrument Co., Ltd.
• Rigol Technologies Inc.
• B&K Precision Corporation
• DynamicSignals LLC
• Spirent Communications PLC
• Spectris PLC
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.