Test & Measurement Equipment Market
Test & Measurement Equipment Market Analysis by (General Test & Measurement, Mechanical Testing Equipment, and Software & Services from 2023 to 2033
Analysis of Test & Measurement Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Mounting EV Testing and Fuel Cell Testing is Creating Growth Opportunities for Test & Measurement Equipment Market
The global test and measurement equipment market is set to enjoy a valuation of US$ 32.3 Billion in 2023 and further expand at a CAGR of 5.7% to reach US$ 56.4 Billion by the end of 2033.
The increasing development in the battery powered devices, electric vehicle production, and the development of 5G infrastructure will stimulate the demand for test & measurement equipment. Whereas, increasing adoption of automation and advanced technology in different industry verticals is paving the way towards the healthy growth of the market by 1.9X over the assessment period.
| Report Attributes | Details |
|---|---|
| Test and Measurement Equipment Market Size (2022A) | US$ 30.8 Billion |
| Estimated Market Value (2023E) | US$ 32.3 Billion |
| Forecasted Market Value (2033F) | US$ 56.4 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.7% CAGR |
| North America Market Share (2023) | ~ 26.7% |
| Europe Market Growth Rate (2023 to 2033) | ~ 4.9% CAGR |
| United States Market Growth Rate (2023 to 2033) | ~ 4.9% CAGR |
| Market Share of Top 3 Countries | ~ 65.8% |
| Key Companies Profiled | Keysight Technologies; Fluke; Instek; Rohde & Schwarz; Tektronix; Keithley; Pico Technology; RIGOL; Siglent; Sorensen; TDK-Lambda; Teledyne FLIR; Vitrek; Illinois Tool Works Inc.; Shimadzu Corporation; Ametek, Inc.; Matest S.p.A; Admet, Inc.; Other Key Players |
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Sales Analysis of Test and Measurement Equipment (2018 to 2022) Vs. Market Forecast Outlook (2023 to 2033)
Global test and measurement equipment has gained significant demand in different industry verticals in the last few years. The market observed growth globally in value of about 2.3% during the historic period (2018 to 2022), despite the adverse impact of COVID-19 on global sales during 2020. General test and measurement equipment is a key contributor to the overall market development with substantial demand in the manufacturing sector.
During the forecast period, the market is expected to rise with a CAGR of 5.7%. The supportive government norms promoting the 5G network, increasing development of battery-powered devices, and establishment of Industry 4.0 in emerging and developed nations will fuel the demand for test and measurement equipment. Whereas, IT & telecommunication and consumer electronics will be key industries projected to provide consistency in demand over short term period.
In the segment by end-use vertical, IT & telecommunication is projected to rise with the highest CAGR of 6.7% during the forecast period, followed by consumer electronics, discrete manufacturing, and automotive.
- Short Term (2023 to 2026): The test and measurement equipment market in the defence industry will see opportunities as electronic gadgets are increasingly used on a global scale. During the projected period for the near future, this element is anticipated to steer market expansion towards further incremental $ opportunities.
- Medium Term (2026 to 2029): Increased use of electric vehicles and significant 5G network development will create growth opportunities for the test and measurement equipment market.
- Long Term (2029 to 2033): Over the long-term forecast period of 2029 to 2033, investments in product R&D, technology development, and marketing to boost product sales will expand the market growth.
The global test and measurement equipment market historically grew at a CAGR of 2.3% from 2018 to 2022, and Fact.MR, a provider of market research and competitive information, projects that the market will grow at a CAGR of 5.7% from 2023 to 2033.
Market share analysis of test and measurement equipment based on customer type and region is illustrated briefly in the above image. Under the customer type segment, OEMs will dominate with 43.0% market share in 2023.
How Technological Advancements Necessitating Development of High-quality Measurement Equipment?
Technological advancements are a key driving factor for the growth of the test and measurement equipment market. With the development of new and more complex technologies, the need for precise and accurate testing equipment becomes more important. As devices become smaller and more advanced, the margin of error in testing becomes smaller, necessitating higher-quality equipment.
This includes advancements in telecommunications, aerospace, defense, and healthcare, which require specialized testing and measurement equipment. For instance, the growth of the Internet of Things (IoT) has led to the need for testing equipment that can handle large volumes of data and detect defects in connected devices.
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Substantial Growth in Development of Electronic Devices Worldwide Will Uplift the Market Growth
The increasing demand for electronics is a significant driving force behind the growth of the test and measurement equipment market. As digitalization continues to advance, electronic devices are becoming increasingly prevalent in our daily lives, which has created a need for reliable and durable high-quality electronic components.
Precise testing and measurement are necessary to ensure that these components meet the required standards of quality and reliability. The following are some of the primary factors contributing to the rise in demand for the test and measurement equipment industry such as product testing, quality control, product development, certification and regulatory compliance and repair & maintenance.
How Global Standardization of Products is Driving the Demand?
The globalization of products has a significant impact on the test and measurement equipment industry, as it creates a need for standardization and quality control across different regions and countries.
When companies manufacture products for the global market, they must ensure that their products meet the regulatory requirements and quality standards imposed by every country they sell to. This requires rigorous testing and measurement of the products, both during the manufacturing process and before they are shipped to the end customer.
Test and measurement equipment plays a critical role in this process, as it allows companies to accurately measure and verify the quality of their products. This includes testing for factors such as reliability, durability, and safety, as well as compliance with local regulations and standards.
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What are Limiting Factors Affecting Market Growth?
“High Cost of Test and Measurement Equipment Restricting Product Adoption”
One of the primary challenges faced by the test and measurement equipment industry is the high cost of equipment. The equipment used in testing and measuring various parameters can be expensive, making it difficult for smaller companies to invest in them. Additionally, the cost of maintaining and calibrating the equipment can be high, adding to the overall cost.
Also, companies opting for outsourcing of the testing services leads to additional cost which limits further adoption. Following the global standards and policies for testing makes timely calibration of the equipment mandatory increasing the operational cost. All in all, higher cost involved in developing testing equipment creates barriers for adoption from SMEs.
What Factor Will Create Lucrative Opportunity for the Market?
“Rising Importance of Cybersecurity Fueling Sales of Test and Measurement Equipment”
Cybersecurity is driving demand for efficient test and measurement equipment in several ways. One of the primary reasons is that cybersecurity threats are becoming increasingly sophisticated and frequent, requiring companies and organizations to invest more in testing and measuring their security systems and protocols.
To stay ahead of these threats, companies need to constantly update and improve their security measures. As a result, there is a growing demand for test and measurement equipment that can help companies test and evaluate their cybersecurity systems.
Some examples of test and measurement equipment that are in high demand in the cybersecurity industry include network analysers, protocol analysers, intrusion detection systems, vulnerability scanners, and penetration testing tools. These tools allow companies to test their systems for vulnerabilities and identify any weaknesses that may be exploited by cybercriminals.
Country-wise Insights
Factors Contributing the Demand for Test and Measurement Equipment in the United States
The United States is witnessed to have substantial development in commercializing the 5G network. This is attributed to the increasing adoption of IoTs in various industry verticals and the procurement of advanced technologies.
As 5G network improves the bandwidth and latency reduction and makes smooth processing of advanced tech & IoTs. To support the development of the 5G network the country is witnessing the modernization of outdated regulations established to promote 5G networks, which include key concerns like 5g fund for rural America, speeding the ip transition, and others.
The country has a vast healthcare infrastructure where test equipment is required immensely to have the utmost quality in the diagnosis of diseases and patient care. Moreover, tremendous development in the adoption of connected cars and the establishment of supporting infrastructure to it has leveraged the demand for test and measurement equipment. This equipment helps increase the shelf life, performance, accuracy, and efficiency of devices.
With respect to the aforementioned dynamics, the U.S. test and measurement equipment market would nurture at a compound annual growth rate of 5.7% over the forecast years 2023 to 2033.
What Are The Key Factors Stimulated The Demand For Test And Measurement Equipment In China?
China holds a substantial share of the manufacturing sector worldwide. With the increasing manufacturing sector, the country is observed the adoption of advanced technologies and promoted Industry 4.0 significantly to the uplift manufacturing sector. As it ensures the quality and reliability of smart manufacturing systems.
The manufacturing of intricate and highly personalized products, a characteristic of Industry 4.0, necessitates a high degree of automation and machine autonomy to manage product differentiation at high volumes. Test and measurement equipment companies are responding to industry demand by adapting their offerings to meet the diverse needs of end-users in the region.
Category-wise Insights
General Test and Measurement Equipment to Exhibit leading Share by Product Type
General test and measurement equipment is predicted to have the leading share of the product type segment. In 2023, the category is projected to have a share of almost 47.9%, due to the rising demand for electronics, automation, and connection across a variety of industries, including automotive, aerospace and defense, telecommunications and others.
Along with these elements, the test and measurement sector is now more crucial than ever due to the growing use of modular equipment and consumer electronics. Engineers must measure current, voltage, and other parameters quickly and accurately to assure quality and dependability as general test and measurement tools become less bulky and stationary and more portable, handheld, and miniaturized.
Owing to which the segment is expected to create absolute dollar opportunity of US$ 24 billion over the assessment period.
Does Electric Vehicle Testing will Uplift the Global Market for Test and Measurement Market?
The demand for test and measurement tools is driven by an increase in the production of electric vehicles around the world and the adoption of cutting-edge technology such as smart connected devices, smart EV charging, self-healing algorithms for EV charging management, and others.
In EV the test and measurement equipment helps in accurately determine the flow of electrical currents and efficient operation of electronic devices installed in the vehicle. Because of this, the market is anticipated to grow 1.7X throughout the forecast period, reaching a market worth of US$ 201.7 million by 2033's end.
Developing economies like India, China, South Korea and others0020are witnessed with prominent adoption of elective vehicles and expected to have significant demand for testing equipment during the forthcoming period.
Competitive Landscape
Prominent test and measurement manufacturers are Keysight Technologies, Fluke, Instek, Rohde & Schwarz, Tektronix, Keithley, Pico Technology, RIGOL, Siglent, Sorensen, TDK-Lambda, Teledyne FLIR, Vitrek, Illinois Tool Works Inc., Shimadzu Corporation, Ametek, Inc., Matest S.p.A, Admet, Inc. and other key players.
The test and measurement equipment market is highly fragmented with the presence of various large and small market players in the industry. With the substantial utility of test and measurement equipment in various industry verticals, these market players are taking strategic moves like product launch and expansion to enhance their footprint in the respective economy and capitalize on large customer base.
For instance :
- In March 2021, The most comprehensive portfolio for fiber-optic testing in the market was expanded by VIAVI Solutions which introduced new fibre test and measurement products. The business offers service providers, colocation and hyperscale data centres, businesses, and contractors new optical power metres, fibre characterization modules, and an improved optical
- In March 2021, Anritsu released the space-saving universal wireless test set, MT8872A, and the TRX Test module, MU887002A, intended to increase the effectiveness of production-line inspections of wireless communication equipment based on 5G.
Fact.MR has provided detailed information about the price points of key manufacturers of test and measurement equipment positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Test and Measurement Equipment Industry Research
-
By Product Type :
- General Test and Measurement
- Multimeters
- Borescope
- Current Testers
- Meghometer
- Rheometers & Viscometers
- Oscilloscopes
- Other General Test and Measurement Instruments
- Mechanical Testing Equipment
- Universal Testing Machine
- Fatigue Testing Machine
- Physical Properties Testing Instruments
- Pressure testing machine
- Torsion testing machine
- Creep testing machine
- Others Mechanical Testing Equipment
- Software
- Services
- General Test and Measurement
-
By Customer Type :
- OEMs (Product Manufacturers)
- OES (Suppliers to final product Cos.)
- Research Lab and Educational Institutions / University
- Others (Service Providers and MRO centers)
-
By End-Use Vertical :
- Medical & Life Science
- Automotive
- Consumer Electronics
- Aerospace
- Defense
- IT & Telecommunication
- Power Generation
- Discrete Manufacturing
- Others
-
By Application :
- Battery Testing
- Electronic Testing
- 5 G Testing
- EV Testing
- Fuel Cell Testing
- Power Train Testing
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Units) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ Million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. General Test and Measurement Equipment
- 7.1.1. Multimeters
- 7.1.2. Borescope
- 7.1.3. Current Testers
- 7.1.4. Meghometer
- 7.1.5. Rheometers & Viscometers
- 7.1.6. Oscilloscopes
- 7.1.7. Other General Instruments
- 7.2. Mechanical Testing Equipment
- 7.2.1. Universal Testing Machine
- 7.2.2. Fatigue Testing Machine
- 7.2.3. Physical Properties Testing Instruments
- 7.2.4. Pressure testing machine
- 7.2.5. Torsion testing machine
- 7.2.6. Creep testing machine
- 7.2.7. Others Mechanical Testing Equipment
- 7.3. Software
- 7.4. Services
- 7.1. General Test and Measurement Equipment
- 8. Global Market Analysis and Forecast, By Customer Type
- 8.1. OEMs
- 8.2. OES
- 8.3. Research Lab and Educational Institutions / University
- 8.4. Others
- 9. Global Market Analysis and Forecast, By End-Use Vertical
- 9.1. Medical & Life Science
- 9.2. Automotive
- 9.3. Consumer Electronics
- 9.4. Aerospace
- 9.5. Defense
- 9.6. IT & Telecommunication
- 9.7. Power Generation
- 9.8. Discrete Manufacturing
- 9.9. Others
- 10. Global Market Analysis and Forecast, By Application
- 10.1. Battery Testing
- 10.2. Electronic Testing
- 10.3. 5 G Testing
- 10.4. EV Testing
- 10.5. Others
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & Oceania
- 11.6. MEA
- 12. North America Market Analysis and Forecast
- 13. Latin America Market Analysis and Forecast
- 14. Europe Market Analysis and Forecast
- 15. East Asia Market Analysis and Forecast
- 16. South Asia & Oceania Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Country-level Market Analysis and Forecast
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Keysight Technologies
- 20.2. Fluke
- 20.3. Instek
- 20.4. Rohde & Schwarz
- 20.5. Tektronix
- 20.6. Keithley
- 20.7. Pico Technology
- 20.8. RIGOL
- 20.9. Siglent
- 20.10. Sorensen
- 20.11. TDK-Lambda
- 20.12. Teledyne FLIR
- 20.13. Vitrek
- 20.14. Illinois Tool Works Inc.
- 20.15. Shimadzu Corporation
- 20.16. Ametek, Inc.
- 20.17. Matest S.p.A
- 20.18. Admet, Inc.
- 20.19. Other Key Players
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Forecast by Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 03. Global Market Volume (Units) and Forecast by Region, 2018 to 2022
Table 04. Global Market Volume (Units) and Forecast by Region, 2023 to 2033
Table 05. Global Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 07. Global Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 08. Global Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 09. Global Market Value (US$ million) and Forecast By Customer Type, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Customer Type, 2023 to 2033
Table 11. Global Market Volume (Units) and Forecast By Customer Type, 2018 to 2022
Table 12. Global Market Volume (Units) and Forecast By Customer Type, 2023 to 2033
Table 13. Global Market Value (US$ million) and Forecast By End-Use Vertical, 2018 to 2022
Table 14. Global Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 15. Global Market Volume (Units) and Forecast By End-Use Vertical, 2018 to 2022
Table 16. Global Market Volume (Units) and Forecast By End-Use Vertical, 2023 to 2033
Table 17. Global Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 18. Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 19. Global Market Volume (Units) and Forecast By Application, 2018 to 2022
Table 20. Global Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 21. North America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 23. North America Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 24. North America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 25. North America Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 26. North America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 27. North America Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 28. North America Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 29. North America Market Value (US$ million) and Forecast By Customer Type, 2018 to 2022
Table 30. North America Market Value (US$ million) and Forecast By Customer Type, 2023 to 2033
Table 31. North America Market Volume (Units) and Forecast By Customer Type, 2018 to 2022
Table 32. North America Market Volume (Units) and Forecast By Customer Type, 2023 to 2033
Table 33. North America Market Value (US$ million) and Forecast By End-Use Vertical, 2018 to 2022
Table 34. North America Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 35. North America Market Volume (Units) and Forecast By End-Use Vertical, 2018 to 2022
Table 36. North America Market Volume (Units) and Forecast By End-Use Vertical, 2023 to 2033
Table 37. North America Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 38. North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 39. North America Market Volume (Units) and Forecast By Application, 2018 to 2022
Table 40. North America Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 41. Latin America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 42. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 43. Latin America Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 44. Latin America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 45. Latin America Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 46. Latin America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 47. Latin America Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 48. Latin America Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 49. Latin America Market Value (US$ million) and Forecast By Customer Type, 2018 to 2022
Table 50. Latin America Market Value (US$ million) and Forecast By Customer Type, 2023 to 2033
Table 51. Latin America Market Volume (Units) and Forecast By Customer Type, 2018 to 2022
Table 52. Latin America Market Volume (Units) and Forecast By Customer Type, 2023 to 2033
Table 53. Latin America Market Value (US$ million) and Forecast By End-Use Vertical, 2018 to 2022
Table 54. Latin America Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 55. Latin America Market Volume (Units) and Forecast By End-Use Vertical, 2018 to 2022
Table 56. Latin America Market Volume (Units) and Forecast By End-Use Vertical, 2023 to 2033
Table 57. Latin America Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 58. Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 59. Latin America Market Volume (Units) and Forecast By Application, 2018 to 2022
Table 60. Latin America Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 61. Europe Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 62. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63. Europe Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 64. Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 65. Europe Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 66. Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 67. Europe Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 68. Europe Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 69. Europe Market Value (US$ million) and Forecast By Customer Type, 2018 to 2022
Table 70. Europe Market Value (US$ million) and Forecast By Customer Type, 2023 to 2033
Table 71. Europe Market Volume (Units) and Forecast By Customer Type, 2018 to 2022
Table 72. Europe Market Volume (Units) and Forecast By Customer Type, 2023 to 2033
Table 73. Europe Market Value (US$ million) and Forecast By End-Use Vertical, 2018 to 2022
Table 74. Europe Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 75. Europe Market Volume (Units) and Forecast By End-Use Vertical, 2018 to 2022
Table 76. Europe Market Volume (Units) and Forecast By End-Use Vertical, 2023 to 2033
Table 77. Europe Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 78. Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 79. Europe Market Volume (Units) and Forecast By Application, 2018 to 2022
Table 80. Europe Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 81. East Asia Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 82. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 83. East Asia Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 84. East Asia Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 85. East Asia Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 86. East Asia Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 87. East Asia Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 88. East Asia Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 89. East Asia Market Value (US$ million) and Forecast By Customer Type, 2018 to 2022
Table 90. East Asia Market Value (US$ million) and Forecast By Customer Type, 2023 to 2033
Table 91. East Asia Market Volume (Units) and Forecast By Customer Type, 2018 to 2022
Table 92. East Asia Market Volume (Units) and Forecast By Customer Type, 2023 to 2033
Table 93. East Asia Market Value (US$ million) and Forecast By End-Use Vertical, 2018 to 2022
Table 94. East Asia Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 95. East Asia Market Volume (Units) and Forecast By End-Use Vertical, 2018 to 2022
Table 96. East Asia Market Volume (Units) and Forecast By End-Use Vertical, 2023 to 2033
Table 97. East Asia Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 98. East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 99. East Asia Market Volume (Units) and Forecast By Application, 2018 to 2022
Table 100. East Asia Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 101. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 102. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 103. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 104. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 105. South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 106. South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 107. South Asia & Oceania Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 108. South Asia & Oceania Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 109. South Asia & Oceania Market Value (US$ million) and Forecast By Customer Type, 2018 to 2022
Table 110. South Asia & Oceania Market Value (US$ million) and Forecast By Customer Type, 2023 to 2033
Table 111. South Asia & Oceania Market Volume (Units) and Forecast By Customer Type, 2018 to 2022
Table 112. South Asia & Oceania Market Volume (Units) and Forecast By Customer Type, 2023 to 2033
Table 113. South Asia & Oceania Market Value (US$ million) and Forecast By End-Use Vertical, 2018 to 2022
Table 114. South Asia & Oceania Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 115. South Asia & Oceania Market Volume (Units) and Forecast By End-Use Vertical, 2018 to 2022
Table 116. South Asia & Oceania Market Volume (Units) and Forecast By End-Use Vertical, 2023 to 2033
Table 117. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 118. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 119. South Asia & Oceania Market Volume (Units) and Forecast By Application, 2018 to 2022
Table 120. South Asia & Oceania Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 121. MEA Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 122. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 123. MEA Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 124. MEA Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 125. MEA Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 126. MEA Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 127. MEA Market Volume (Units) and Forecast By Product Type, 2018 to 2022
Table 128. MEA Market Volume (Units) and Forecast By Product Type, 2023 to 2033
Table 129. MEA Market Value (US$ million) and Forecast By Customer Type, 2018 to 2022
Table 130. MEA Market Value (US$ million) and Forecast By Customer Type, 2023 to 2033
Table 131. MEA Market Volume (Units) and Forecast By Customer Type, 2018 to 2022
Table 132. MEA Market Volume (Units) and Forecast By Customer Type, 2023 to 2033
Table 133. MEA Market Value (US$ million) and Forecast By End-Use Vertical, 2018 to 2022
Table 134. MEA Market Value (US$ million) and Forecast By End-Use Vertical, 2023 to 2033
Table 135. MEA Market Volume (Units) and Forecast By End-Use Vertical, 2018 to 2022
Table 136. MEA Market Volume (Units) and Forecast By End-Use Vertical, 2023 to 2033
Table 137. MEA Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 138. MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 139. MEA Market Volume (Units) and Forecast By Application, 2018 to 2022
Table 140. MEA Market Volume (Units) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Units) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 60. Global Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Units) By Customer Type, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Customer Type, 2023 to 2033
Figure 09. Global Market Value (US$ million) and Volume (Units) By End-Use Vertical, 2023 & 2033
Figure 10. Global Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 11. Global Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 12. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 14. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 17. North America Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 18. North America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 19. North America Market Value (US$ million) and Volume (Units) By Customer Type, 2023 & 2033
Figure 20. North America Market Y-o-Y Growth Rate By Customer Type, 2023 to 2033
Figure 21. North America Market Value (US$ million) and Volume (Units) By End-Use Vertical, 2023 & 2033
Figure 22. North America Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 23. North America Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 24. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 25. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 26. North America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 27. North America Market Attractiveness Analysis By Customer Type, 2023 to 2033
Figure 28. North America Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 29. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 30. Latin America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 31. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 32. Latin America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 33. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 34. Latin America Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 35. Latin America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 36. Latin America Market Value (US$ million) and Volume (Units) By Customer Type, 2023 & 2033
Figure 37. Latin America Market Y-o-Y Growth Rate By Customer Type, 2023 to 2033
Figure 38. Latin America Market Value (US$ million) and Volume (Units) By End-Use Vertical, 2023 & 2033
Figure 39. Latin America Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 40. Latin America Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 41. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 42. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 43. Latin America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 44. Latin America Market Attractiveness Analysis By Customer Type, 2023 to 2033
Figure 45. Latin America Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 46. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 47. Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 48. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 49. Europe Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 50. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 51. Europe Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 52. Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 53. Europe Market Value (US$ million) and Volume (Units) By Customer Type, 2023 & 2033
Figure 54. Europe Market Y-o-Y Growth Rate By Customer Type, 2023 to 2033
Figure 55. Europe Market Value (US$ million) and Volume (Units) By End-Use Vertical, 2023 & 2033
Figure 56. Europe Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 57. Europe Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 58. Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 59. Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 60. Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 61. Europe Market Attractiveness Analysis By Customer Type, 2023 to 2033
Figure 62. Europe Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 63. Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64. East Asia Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 65. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66. East Asia Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 67. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 68. East Asia Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 69. East Asia Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 70. East Asia Market Value (US$ million) and Volume (Units) By Customer Type, 2023 & 2033
Figure 71. East Asia Market Y-o-Y Growth Rate By Customer Type, 2023 to 2033
Figure 72. East Asia Market Value (US$ million) and Volume (Units) By End-Use Vertical, 2023 & 2033
Figure 73. East Asia Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 74. East Asia Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 75. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 76. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 77. East Asia Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 78. East Asia Market Attractiveness Analysis By Customer Type, 2023 to 2033
Figure 79. East Asia Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 80. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 81. South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 82. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 83. South Asia & Oceania Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 84. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 85. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 86. South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 87. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Customer Type, 2023 & 2033
Figure 88. South Asia & Oceania Market Y-o-Y Growth Rate By Customer Type, 2023 to 2033
Figure 89. South Asia & Oceania Market Value (US$ million) and Volume (Units) By End-Use Vertical, 2023 & 2033
Figure 90. South Asia & Oceania Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 91. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 92. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 93. South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 94. South Asia & Oceania Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 95. South Asia & Oceania Market Attractiveness Analysis By Customer Type, 2023 to 2033
Figure 96. South Asia & Oceania Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 97. South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 98. MEA Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 99. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 100. MEA Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 101. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 102. MEA Market Value (US$ million) and Volume (Units) By Product Type, 2023 & 2033
Figure 103. MEA Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 104. MEA Market Value (US$ million) and Volume (Units) By Customer Type, 2023 & 2033
Figure 105. MEA Market Y-o-Y Growth Rate By Customer Type, 2023 to 2033
Figure 106. MEA Market Value (US$ million) and Volume (Units) By End-Use Vertical, 2023 & 2033
Figure 107. MEA Market Y-o-Y Growth Rate By End-Use Vertical, 2023 to 2033
Figure 108. MEA Market Value (US$ million) and Volume (Units) By Application, 2023 & 2033
Figure 109. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 110. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 111. MEA Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 112. MEA Market Attractiveness Analysis By Customer Type, 2023 to 2033
Figure 113. MEA Market Attractiveness Analysis By End-Use Vertical, 2023 to 2033
Figure 114. MEA Market Attractiveness Analysis By Application, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How far the market is projected to reach during 2023-2033?
The market value is expected to be US$ 56.4 billion by the end of 2033.
How did the market performed during the historic period?
During the historic period 2018-2022, the market registered a CAGR of 2.3%.
Which region accounts for dominating share in the market?
North America holds about 26.7% of share of total test and measurement equipment market.
Which product type segment holds the leading share in the te market?
General test and measurement equipment accounts for leading share of 47.5% in the global test and measurement equipment market.
Test & Measurement Equipment Market