The Test and Measurement Equipment Market is expected to grow at a 5.6% CAGR from US$ 30.9 billion in 2021 to US$ 54.9 billion in 2032.
Government mandates and the growing need for quality maintenance drive up demand for test and measurement equipment. The emergence of COVID-19 prompted an increase in pharmaceutical and medical equipment manufacturing.
This has resulted in increased demand for test and measurement equipment in the healthcare and pharmaceutical end-use industries, resulting in increased demand for test and measurement equipment products and solutions, as well as trends in test and measurement equipment adoption.
An increase in end-user demand for test and measurement equipment solutions is one of the primary factors driving the growth of the test and measurement equipment market.
Get a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14739
List of Key Players Covered in Test and Measurement Equipment Market are:
- Fortive Corporation
- Rohde & Schwarz GmbH & Co. KG
- Anritsu Corporation
- Keysight Technologies
- Yokogawa Electric Corporation
- National Instruments Corporation
- EXFO Inc.
- Advantest Corporation
- VIAVI Solutions Inc.
- Texas Instruments Incorporated
The price sensitivity of test and measurement equipment, on the other hand, is projected to limit test and measurement equipment market growth. During the forecast period, each of these factors is expected to have a significant influence on the test and measurement equipment market.
The introduction of 5G technology and the implementation of LTE & LTE-Advanced (4G) Networks, as well as the rapid penetration of IoT Devices, are expected to give potential possibilities for test and measurement equipment market expansion.
North America has the greatest test and measurement equipment market share due to the presence of multiple significant companies.
Asia-Pacific is predicted to develop at the quickest rate, as governments in these areas implement numerous measures to support innovation and R&D in their respective countries. Given current advancements in connected and driverless vehicles, the automotive industry is likely to capture the test and measurement equipment market share.
The healthcare sector is likely to drive the test and measurement equipment market due to the development of new healthcare equipment, patient-monitoring systems, and personal emergency reporting systems, which are some of the other factors expected to positively influence the test and measurement equipment market trends.
KEY TAKEAWAYS:
- In the United States, the test and measurement equipment market is estimated to reach US$ 1.3 Billion by 2032, increasing at a CAGR of 10.7% through 2032.
- The test and measurement equipment market in the United Kingdom is expected to be worth US$ 154.2 million by 2032, with a CAGR of 9.8% through 2032.
- The test and measurement equipment market’s services segment form the component category is predicted to develop at a CAGR of 10.4% through 2032.
- Through 2032, Threat Intelligence in the test and measurement equipment market’s application sector will grow at a CAGR of 10.1% through 2032.
- China’s test and measurement equipment market is expected to reach US$ 275.2 million by 2032, with a CAGR of 10.2% through 2032.
- The market for test and measurement equipment in Japan is expected to be valued at US$ 221.9 million by 2032, expanding at a 9.2% annual rate through 2032.
- South Korea is expected to reach a market size of US$ 136.7 million in test and measurement equipment by 2032, with a CAGR of 8.6% through 2032.
Ask for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-14379
COMPETITIVE LANDSCAPE:
Fortive Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Keysight Technologies, Yokogawa Electric Corporation, National Instruments Corporation, EXFO, Inc., Advantest Corporation, VIAVI Solutions Inc., and Texas Instruments Incorporated are among the major companies profiled in the test and measurement equipment market.
These companies provide test and measurement equipment solutions to meet test and measurement equipment market demands and needs.
To extend their influence in the test and measurement equipment market trends, these vendors have used a variety of organic and inorganic growth tactics.
RECENT DEVELOPMENT:
A couple of recent developments in test and measurement equipment market are as follows:
- VIAVI Solutions released new fibre test and measurement equipment solutions in March 2021, enhancing the industry’s most comprehensive offering for fiber-optic testing. The company’s new optical power metres, fibre characterization modules, and an enhanced optical time-domain reflectometer (OTDR) solution enable service providers, colocation and hyperscale data centres, enterprises, and contractors to reduce manufacturing costs, improve service quality, minimise downtime, and generate more revenue.
- Anritsu introduced the TRX Test module, MU887002A, in March 2021, to increase the efficiency of production-line inspections of 5G wireless communication equipment, as well as its space-saving universal wireless test set, MT8872A.
- As part of its OpreX analyzer lineup for use in water treatment facilities, Yogokawa launched TB820D right-angle scattered light turbidity detectors, FC800D non-reagent type free available chlorine sensor units, RC800D reagent type residual chlorine sensor units, FLXA402T liquid analyzers for turbidity and chlorine, and PG400 pulse generators for clean units in February 2021.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us :
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports