Factors driving the need for test and measurement equipment include growing demand for electronics products which is in turn boosting the need for testing and measurement equipment, rising investments in research and development, technological innovations and advancement in communication and networking, and complimentary government policies in various emerging countries. The fast growth of the communication sector in Asia-Pacific region is one of the significant factors propelling the growth of test and measurement equipment market, globally. The rising adoption of test and measurement solutions by mobile device manufacturers, telecom service providers, and network equipment manufacturers is expected to boost the growth of this market in coming years. Also, Asia-Pacific provides major growth opportunities for communication test and measurement solutions as mobile device manufacturers heavily depend on communication test and measurement solutions to offer their consumers with high-performance and high-quality service. In the global communications sector, Asia-Pacific is one of the rapidly growing markets, and thereby has created a significant base of mobile Internet subscribers in developing countries such as China and India. This is expected to generate high demand for faster 4G network and capacity expansion. The growth of 4G network in Asia-Pacific region will boost the growth of test and measurement equipment market in near future.
This market research report covers detailed analysis of test and measurement equipment market on the basis of service, application, equipment type, and geography. Based on application, the industrial segment commands largest share in the global test and measurement equipment market. Different test and measurement equipment are used at various stages of product life cycle such as manufacturing, designing, research and development, and so on. Test and measurement equipment play a significant role in each of these stages. Based on services, the market for calibration services commands the largest share in global test measurement equipment market.
The market for modular instrumentation such as VXI/PXI-based equipment in general purpose test and measurement equipment is expected to grow at a rapid pace during the future years as it represents an advanced instrumentation platform, in which engineers can test the entire system with the help of integrated software and hardware present in this instrumentation. The market for non-destructive test equipment in case of mechanical test equipment type is estimated to grow at a rapid pace during the future years.
Based on geography, the Asia-Pacific region is expected to command a large share and grow at a rapid pace during the forecast period. The rise in research and development in the sector of testing and measurement and high demand from emerging countries such as China and India would further fuel the market growth. The complimentary government policies for manufacturing industries and the usherance of major companies in Asia-Pacific would further build up the market potential.
Owing to the rapid technological development in telecommunications sector, it is extremely challenging to design and develop new equipment for test and measurement. The major companies in this market include Rohde & Schwarz, Tektronix, Inc., Anritsu Corporation, Fluke Corporation, Yokogawa Electric Corporation, EXFO Inc., Agilent Technologies, Vaivi Solution, Inc., National Instruments, Keysight Technologies, Texas Instruments, Inc., Advantest Corporation, and Texas Instruments Inc. among others. These companies adopted numerous strategies such as partnerships, new product developments, business expansions and collaborations to meet the demands of this market.
Market by Type
· General purpose test equipment
o Signal generators
o Arbitrary waveform generators
o Logic analyzers
o Spectrum analyzers
o Network analyzers
o BERT (bit error rate test)
o Modular instrumentation (VXI/PXI)
o Automatic test equipment
o Others (power meters, electronic counters)
· Mechanical test equipment
o Non-destructive test equipment
o Machine vision inspection
o Condition monitoring
Market by Service
· Calibration services
· Repair service/after-sales services
Market by End-use Industry
· Semiconductor and Electronics
· Automotive & Transportation
· Aerospace & Defense
· Education and Government
· Healthcare (Medical)
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction According to Acumen Research and Consulting, the global ultrasonic testing equipment market is expected to grow at noteworthy CAGR around 7.5 % throughout the forecast period and reach around US$ 1.8 billion by 2026. Ultrasound tests are a non-destructive test procedure that uses high frequency sound energy for testing and measuring
Introduction It is a crucial process for the production of semiconductor equipment and is a component of the set of instruments for nanotechnological materials synthesis. ALD is regarded as one of the superior methods of deposition for thin and conformal film production. The report provides analysis of global Atomic Layer Deposition market for t
Introduction The report provides analysis of global Split Air Conditioning Systems market for the period 2016-2026, wherein 2019 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global Split Air Conditioning Systems market is expected to grow at noteworthy CAGR around 4.3 % throughout the forecast peri
Introduction The worldwide Fiber Optic Preform industry’s size is approximately reach USD 9.2 billion by 2026 and the market is anticipated to show a CAGR of 19.1% during the forecast years. Market Dynamics The development can be credited to the Growing fame of high-ban
Introduction The global advanced commercial laundry machines Market is projected worth US$ 9,250.3 million by 2026 and the market is projected to showcase 6.4% CAGR during the forecast period. The advanced commercial laundry machines market is driven by an increase in demand for advanced commercial laundry machines by residential users.
Introduction Light sensor is an electronic device used for the detection of light. These sensors are available in various types. Light sensors are also used in energy conservation solutions as well as power and energy saving. Generally, light sensors convert light energy into an electrical signal, which is used in electronic products. Photodiodes, photoresistors and phototransistors are types of the light