Test and measurement equipment market share forecast to witness considerable growth from 2019-2025

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Test and Measurement Equipment market share
research by applications and regions for
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Overview of Test and Measurement Equipment market

• North America is expected to dominate the test
  and measurement equipment market due to
  supportive government initiatives to facilitate
  the deployment of test and measurement equipment
  in the IT telecommunications industry. For
  instance, in January 2019, the Canadian
  Department of Innovation, Sciences and Economic
  Development issued Interference-Causing Equipment
  Standard (ICES-003), which sets technical
  requirements related to radio noise generated by
  Information Technology Equipment (ITE). In March
  2018, the U.S. Food and Drug Administration (FDA)
  implemented Federal Regulations under Section
  820.72 that defines the calibration requirements
  for medical equipment. As per the regulation,
  manufacturers must inspect, measure, and test
  equipment to ensure that it is suitable for its
  intended use, providing valid results. As per the
  regulation, manufacturers must have provisions to
  handle, preserve, or store the equipment.
• Test and Measurement Equipment Market size is
  expected to grow significantly over the forecast
  period due to increasing demand for testing and
  measurement equipment in various industrial
  sectors such as automotive transportation,
  aerospace, defense, IT telecommunications,
  government, semiconductor electronics, and
  healthcare. Test and measurement equipment in the
  automotive industry is used to ensure
  high-quality and safety of automotive devices,
  supporting the market growth. Also, favorable
  government initiatives for the deployment of
  testing and measurement solutions in the
  automotive sector will further lead to test and
  measurement equipment market growth. For
  instance, in May 2019, the 5G Automotive
  Association conducted Cellular Vehicle-to-Everythi
  ng (C-V2X) testing in Berlin in which several
  companies such as BMW Group, Daimler, and
  DeutscheTelekom were involved in automotive
  testing and the development of vehicle-related
  technologies.

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• Test and measurement equipment is mainly used for
  ratifying the performance of a wide range of
  electronic products. In the electronics industry,
  the demand for test and measurement equipment
  market is increasing rapidly due to the shrinking
  sizes of electronic gadgets, advancements in
  wireless technologies, and increasing network
  complexity of electronic circuits. Timely testing
  and measurement of the performance of electronic
  devices help in defect elimination and prevention
  of late-stage equipment failure. The adoption of
  testing solutions is expected to rise over the
  forecast timeline due to the increasing necessity
  of producing and maintaining high-quality
  products and supporting time-to-time testing,
  which will help in lowering the costs associated
  with product malfunctions, repairs, replacements,
  and product callbacks.
• The growing awareness about predictive
  maintenance among electric and automotive
  manufacturers is contributing to the growth of
  test and measurement equipment market. For
  instance, test and measurement equipment help in
  detecting failure of the automotive and
  electronic devices. Automotive industry is
  focusing on predictive maintenance to avoid loses
  in the future, that will increase demand for test
  and measurement equipment in this industry.
  Increasing customer demands for smart devices,
  such as smart watches and smart home appliances,
  will lead to a rise in the adoption of test and
  measurement equipment among testing managers and
  engineers to ensure the development of
  high-quality products and to lower the associated
  costs.

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• APAC test and measurement equipment market is
  expected to show rapid growth over the forecast
  period due to favorable government initiatives in
  the Asian countries, such as Japan, China, and
  India, that encourage telecom industries to
  establish RD facilities to support activities in
  all levels covering testing and measurement. The
  government agencies are also taking steps to
  address the challenges related to adequate
  testing infrastructure. For instance, in
  September 2018, the Telecom Engineering Centre
  (TEC) passed an order under which equipment such
  as Wi-Fi access points, satellite equipment, and
  telephone instruments can be sold only after
  testing and obtaining a certificate from an
  authorized agency such as Department of Telecom
  (DoT).
• The Chinese government also organized an
  exhibition of testing instrument and equipment to
  provide a user-oriented representation of
  market-ready solutions in the industry. In March
  2019, China Instrument Manufacturers Association
  (CIMA) organized 17th China International
  Scientific Instrument and Laboratory Equipment
  Exhibition (CISILE) in which the leading
  enterprises including NOVEL Optics, Techcomp,
  INESA Group, and others demonstrated their
  instruments and technologies. This enabled the
  exchange of information among technical experts
  to further accelerate the development of testing
  and measurement solutions.

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• The companies operating in test and measurement
  equipment market are focusing on new product
  developments or enhancing qualities or features
  of their existing products to gain more market
  share. For instance, in July 2018, Tektronix
  launched USB-based spectrum analyzers, such as
  RSA500, RSA513A, and RSA518A, that can operate in
  different frequency ranges within 13 GHz and 18
  GHz to expand its product line. In June 2018,
  Keysight Technologies launched a wide range of
  test and measurement solutions such as RF Test
  Solution and BSA Spectrum Analyzers for several
  developing markets such as Hybrid Electric
  Vehicle (HEV)/Electric Vehicle (EV), Home Energy
  Management Systems (HEMS), and batteries. In
  April 2018, Rohde Schwarz launched SMA100B
  high-end analog RF and microwave signal generator
  for RF semiconductor, wireless communication, and
  aerospace defense applications. These new
  products help in improving the quality of their
  electronic products thereby catering to the
  market demands.
• Prominent players operating in test and
  measurement equipment market are Fortive
  Corporation, Giga-tronics Inc. Texas Instruments
  Inc., Keysight Technologies, Microsemi, National
  Instruments Corporation, Rishabh Instruments Pvt.
  Ltd., Rohde Schwarz GmbH Co. KG, Scientific
  Mes-Technik Pvt. Ltd., and Teledyne Technologies
  Inc.

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Methodology

• Market
  research reports Key analytical components

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