Test and Measurement Equipment Market: Moving Towards Brighter Future

Posted by Andre on September 9th, 2019

The Global Test and Measurement Equipment Market is expected to reach USD 32.5 billion by 2025, from USD 23.5 billion in 2017, growing at a CAGR of 3.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025. Key players profiled in this report are: Fortive.,Keysight Technologies, ROHDE&SCHWARZ, ADVANTEST CORPORATION, National Instruments.  , Anritsu, VIAVI Solutions Inc., Yokogawa India Ltd., EXFO Inc.  , Cobham plc,   Teledyne Technologies Incorporated. , Texas Instruments Incorporated. , Good Will Instrument Co., Ltd.  , Rigol Technologies Inc., Giga-tronics Incorporated. , B&K Precision Corporation, Stanford Research Systems

Market Segmentation: Global Test and Measurement Equipment Market

•          The global test and measurement equipment market is segmented into product, end-user sector, service and by geography.
•          Based on product, the global test and measurement equipment market is segmented into general purpose test equipment and mechanical test equipment. General purpose test equipment is further segmented into oscilloscopes, signal generators, digital multimeters, logic analyzers, spectrum analyzers, BERT (bit error rate test), network analyzers, power meters, electronic counters, modular instrumentation and automated test equipment (ATE). Mechanical test equipment is further segmented into non-destructive test equipment, machine vision inspection and machine condition monitoring.
•          On the basis of service type, the global test and measurement equipment market is segmented into calibration services, repair services/after-sales service and other services.
•          On the basis of end-user sector, the global test and measurement equipment market is segmented into automotive, aerospace & defence, it & telecommunication, education & government, semiconductor & electronics, industrial and healthcare (medical).
•          Based on geography, the global  test and measurement equipment market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-Pacific And, Middle East & Africa.

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Major Market Drivers And Restrains:

•          Acceptance of electronic devices increased.
•          Growth in research and development expenses.
•          Increasing technical development in networking and communication.
•          High cost for test and measurement equipment.

This market report defines the market trends and forecast the upcoming opportunities and threats of the test and measurement equipment market in the next 8 years. Test and measurement equipment are the equipment’s which are used to produce signals and hold responses from electronic devices. This equipment takes measurements towards the effectiveness of processes and confirms product quality. Test and measurement equipment are used in various fields such as electronics, research labs, material analysis, manufacturing, and particle to measure and analyse various components of the materials.

Key insights in the report:

•          Complete and distinct analysis of the market drivers and restraints
•          Key Market players involved in this industry
•          Detailed analysis of the Market Segmentation
•          Competitive analysis of the key players involved

Reasons to Purchase this Report

•          Current and future of global Test and Measurement Equipment Market outlook in the developed and emerging markets
•          The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
•          Regions/Countries that are expected to witness the fastest growth rates during the forecast period
•          The latest developments, market shares, and strategies that are employed by the major market players

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