Title: Test and measurement equipment market share forecast to witness considerable growth from 2019-2025
1Test and Measurement Equipment market share
research by applications and regions for
2019-2025 Global Market Insights, Inc.
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2Overview 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.
3Continue
- 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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5Continue
- 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.
6Continue
- 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.
7Methodology
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