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Global Test and Measurement Equipment Market to reach USD XX billion by 2028.

Global Test and Measurement Equipment Market Size Study, By Services (Calibration Services, Repair Services/ After-Sales Services), By Product Type (General Purpose Test Equipment, Mechanical Test Equipment), By Verticals (Healthcare, Electronics & Semiconductor, IT & Telecommunications, Aerospace & Defense, Automobile & Transportation, Education & Government), and Regional Forecasts 2022-2028

Product Code: ICTICTI-48092134
Publish Date: 10-05-2022
Page: 200

Global Test and Measurement Equipment Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

Test and measurement equipment is a variety of equipment that is mainly adopted for manufacturing and designing a product to offers the optimum customer satisfaction level. Test and measurement equipment is gaining huge traction among various end-use verticals such as medical, telecommunications, automotive, consumer electronics, semiconductors, aerospace & defense, and many others. The increasing demand for electronic devices, rising adoption of modular instruments by manufacturers and product designers, growing need for communication technologies, and advanced networking are the primary factors that are fostering the market demand around the world. For instance, as per the survey of the German Electrical and Electronics Manufacturers Association (ZVEI), in 2017, the total sales of electrical & electronic appliances were accounted for USD 4.60 trillion across the globe and is projected to reach around USD 5.15 trillion by 2020. Thereby, the surging adoption of electronic gadgets is propelling the demand for test and measurement equipment, which may augment the market growth worldwide. However, high installation and ownership costs, along with the requirement for skilled professionals and calibration, irregularity, and complexity issues in antenna arrays impede the growth of the market over the forecast period of 2022-2028. Also, the advent of 5G technology and deployment of LTE and LTE-Advanced (4G) networks, along with rising penetration of IoT devices are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Test and Measurement Equipment Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growth of the IT & telecommunications and healthcare sector, along with rapid developments in the Internet of Things (IoT) technology in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the rising inclination towards connected cars and intelligent transportation systems, as well as increasing investments in R&D activities, would create lucrative growth prospects for the Test and Measurement Equipment Market across the Asia-Pacific region.

Major market players included in this report are:
Fortive Corporation
Rohde & Schwarz GmbH & Co. KG
Anritsu Corporation
Keysight Technologies, Inc.
Yokogawa Electric Corporation
National Instruments Corporation
EXFO, Inc.
Advantest Corporation
VIAVI Solutions Inc.
Texas Instruments Incorporated

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Services
Calibration Services
Repair Services/ after-sales Services
By Product Type
General Purpose Test Equipment
Mechanical Test Equipment
By Verticals
Healthcare
Electronics & Semiconductor
IT & Telecommunications
Aerospace & Defense
Automobile & Transportation
Education & Government
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Test and Measurement Equipment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Test and Measurement Equipment Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Test and Measurement Equipment Market, by Services, 2020-2028 (USD Billion)
1.2.3. Global Test and Measurement Equipment Market, by Product Type, 2020-2028 (USD Billion)
1.2.4. Global Test and Measurement Equipment Market, by Verticals, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Test and Measurement Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Test and Measurement Equipment Market Dynamics
3.1. Test and Measurement Equipment Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growing demand for electronic devices
3.1.1.2. Rising needs for high-performance and power-efficient electronic devices
3.1.2. Market Challenges
3.1.2.1. High installation and ownership costs, along with requirement for skilled professionals
3.1.2.2. Calibration, irregularity, and complexity issues in antenna arrays
3.1.3. Market Opportunities
3.1.3.1. advent of 5G technology and deployment of LTE and LTE-Advanced (4G) networks
3.1.3.2. Rising penetration of IoT devices
Chapter 4. Global Test and Measurement Equipment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Test and Measurement Equipment Market, by Services
6.1. Market Snapshot
6.2. Global Test and Measurement Equipment Market by Services, Performance – Potential Analysis
6.3. Global Test and Measurement Equipment Market Estimates & Forecasts by Services 2018-2028 (USD Billion)
6.4. Test and Measurement Equipment Market, Sub Segment Analysis
6.4.1. Calibration Services
6.4.2. Repair Services/ after-sales Services
Chapter 7. Global Test and Measurement Equipment Market, by Product Type
7.1. Market Snapshot
7.2. Global Test and Measurement Equipment Market by Product Type, Performance – Potential Analysis
7.3. Global Test and Measurement Equipment Market Estimates & Forecasts by Product Type 2018-2028 (USD Billion)
7.4. Test and Measurement Equipment Market, Sub Segment Analysis
7.4.1. General Purpose Test Equipment
7.4.2. Mechanical Test Equipment
Chapter 8. Global Test and Measurement Equipment Market, by Verticals
8.1. Market Snapshot
8.2. Global Test and Measurement Equipment Market by Verticals, Performance – Potential Analysis
8.3. Global Test and Measurement Equipment Market Estimates & Forecasts by Verticals 2018-2028 (USD Billion)
8.4. Test and Measurement Equipment Market, Sub Segment Analysis
8.4.1. Healthcare
8.4.2. Electronics & Semiconductor
8.4.3. IT & Telecommunications
8.4.4. Aerospace & Defense
8.4.5. Automobile & Transportation
8.4.6. Education & Government
Chapter 9. Global Test and Measurement Equipment Market, Regional Analysis
9.1. Test and Measurement Equipment Market, Regional Market Snapshot
9.2. North America Test and Measurement Equipment Market
9.2.1. U.S. Test and Measurement Equipment Market
9.2.1.1. Services estimates & forecasts, 2018-2028
9.2.1.2. Product Type estimates & forecasts, 2018-2028
9.2.1.3. Verticals estimates & forecasts, 2018-2028
9.2.2. Canada Test and Measurement Equipment Market
9.3. Europe Test and Measurement Equipment Market Snapshot
9.3.1. U.K. Test and Measurement Equipment Market
9.3.2. Germany Test and Measurement Equipment Market
9.3.3. France Test and Measurement Equipment Market
9.3.4. Spain Test and Measurement Equipment Market
9.3.5. Italy Test and Measurement Equipment Market
9.3.6. Rest of Europe Test and Measurement Equipment Market
9.4. Asia-Pacific Test and Measurement Equipment Market Snapshot
9.4.1. China Test and Measurement Equipment Market
9.4.2. India Test and Measurement Equipment Market
9.4.3. Japan Test and Measurement Equipment Market
9.4.4. Australia Test and Measurement Equipment Market
9.4.5. South Korea Test and Measurement Equipment Market
9.4.6. Rest of Asia Pacific Test and Measurement Equipment Market
9.5. Latin America Test and Measurement Equipment Market Snapshot
9.5.1. Brazil Test and Measurement Equipment Market
9.5.2. Mexico Test and Measurement Equipment Market
9.6. Rest of The World Test and Measurement Equipment Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Fortive Corporation
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Rohde & Schwarz GmbH & Co. KG
10.2.3. Anritsu Corporation
10.2.4. Keysight Technologies, Inc.
10.2.5. Yokogawa Electric Corporation
10.2.6. National Instruments Corporation
10.2.7. EXFO, Inc.
10.2.8. Advantest Corporation
10.2.9. VIAVI Solutions Inc.
10.2.10. Texas Instruments Incorporated
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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