Test And Measurement Equipment Market
PUBLISHED: 2020 ID: SMRC19427
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Test And Measurement Equipment Market

Test And Measurement Equipment - Global Market Outlook (2019-2027)

4.9 (76 reviews)
4.9 (76 reviews)
Published: 2020 ID: SMRC19427

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Test And Measurement Equipment Market is accounted for $27.22 billion in 2019 and is expected to reach $43.05 billion by 2027 growing at a CAGR of 5.90% during the forecast period. Increasing adoption of electronic devices and technological advancement towards networking and communication are the major factors driving the market growth. However, price sensitivity of these equipments is restraining the market growth.

Test and measurement equipment is utilized to design, manufacture, deploy, and ensure most significant level of customer satisfaction with products and services. It plays a critical role in the delivery of product and service quality to customer. It is widely used in almost every industry, including telecommunications, medical, automotive, energy, consumer electronics, semiconductors, aerospace and defense, and many others. 

Based on end user, the automotive and transportation segment is likely to have a huge demand due to its increasing manufacturing hub. Computer-controlled procedures play an essential role in this sector and Ethernet is one of the most suitable protocols for such computer empowered communication. By geography, Asia Pacific is going to have a lucrative growth during the forecast period as it is a prominent hub for several industries. China is also a major hub for semiconductor fabrication and manufacturing and development of IoT is leading towards market growth in the region.

Some of the key players profiled in the Test And Measurement Equipment Market include Advantest, Anritsu, B&K Precision, EXFO, Fortive, Giga-Tronics, Gw Instek, Keysight Technologies, National Instruments, Rigol Technologies, Rohde & Schwarz, Stanford Research Systems, Teledyne, Texas Instruments, Viavi Solutions and Yokogawa Electric.

Types Covered:
• Non-destructive
• Destructive

Components Covered:
• Value Added Accessories
• Connectors
• Cables Assemblies   

Instrumentation Types Covered:
• Spectroscopy
• Scales & Weight
• Laser Distance Measurement
• Lab Instrumentation
• Field Instrumentation
• Data Acquisition
• Active Probes

Service Types Covered:
• Managed Service
• Calibration Services
• Professional Services
• Other Services

Products Covered:
• Mechanical Test Equipment (MTE)
• Wireless Test Equipment
• General Purpose Test Equipment (GPTE)   

End Users Covered:
• Aerospace & Defense
• Automotive & Transportation
• Education & Government
• Healthcare (Medical)
• Industrial & Manufacturing
• IT & Telecommunications
• Semiconductor & Electronics

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China        
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 Product Analysis     
 3.7 End User Analysis     
 3.8 Emerging Markets     
 3.9 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Test And Measurement Equipment Market, By Type  
 5.1 Introduction     
 5.2 Non-destructive     
 5.3 Destructive     
        
6 Global Test And Measurement Equipment Market, By Component 

 6.1 Introduction     
 6.2 Value Added Accessories    
 6.3 Connectors     
 6.4 Cables Assemblies     
        
7 Global Test And Measurement Equipment Market, By Instrumentation Type
 7.1 Introduction     
 7.2 Spectroscopy     
 7.3 Scales & Weight     
 7.4 Laser Distance Measurement    
 7.5 Lab Instrumentation    
 7.6 Field Instrumentation    
 7.7 Data Acquisition      
 7.8 Active Probes      
        
8 Global Test And Measurement Equipment Market, By Service Type 
 8.1 Introduction     
 8.2 Managed Service     
 8.3 Calibration Services     
 8.4 Professional Services    
  8.4.1 Consulting & Training Services   
  8.4.2 Integration Service    
  8.4.3 Repair Services/After-Sales Services  
 8.5 Other Services     
  8.5.1 Asset Management    
  8.5.2 Climatic Product Testing   
  8.5.3 Environment Product Testing   
  8.5.4 Extended Premium Plans   
  8.5.5 Shock Testing    
        
9 Global Test And Measurement Equipment Market, By Product 
 9.1 Introduction     
 9.2 Mechanical Test Equipment (MTE)   
  9.2.1 Machine Condition Monitoring  
  9.2.2 Machine Vision Inspection   
 9.3 Wireless Test Equipment    
  9.3.1 Logic Analyzers    
  9.3.2 Network Analyzers    
  9.3.3 Network Simulators    
  9.3.4 Spectrum Analyzers    
 9.4 General Purpose Test Equipment (GPTE)   
  9.4.1 Arbitrary Waveform Generators  
  9.4.2 Automated Test Equipment (ATE)  
  9.4.3 Bit Error Ratio Testers (BERT)   
  9.4.4 Electronic Counters    
  9.4.5 Modular Instrumentation   
  9.4.6 Multimeters    
  9.4.7 Oscilloscopes    
  9.4.8 Power Meters    
  9.4.9 Power Supplies    
  9.4.10 RF Test Chambers    
  9.4.11 Semiconductor Test Equipment  
  9.4.12 Signal Generators    
  9.4.13 Thermal Imagers    
        
10 Global Test And Measurement Equipment Market, By End User 
 10.1 Introduction     
 10.2 Aerospace & Defense    
 10.3 Automotive & Transportation    
 10.4 Education & Government    
 10.5 Healthcare (Medical)    
 10.6 Industrial & Manufacturing    
 10.7 IT & Telecommunications    
 10.8 Semiconductor & Electronics    
        
11 Global Test And Measurement Equipment Market, By Geography 
 11.1 Introduction     
 11.2 North America     
  11.2.1 US     
  11.2.2 Canada     
  11.2.3 Mexico     
 11.3 Europe      
  11.3.1 Germany     
  11.3.2 UK     
  11.3.3 Italy     
  11.3.4 France     
  11.3.5 Spain      
  11.3.6 Rest of Europe    
 11.4 Asia Pacific     
  11.4.1 Japan     
  11.4.2 China     
  11.4.3 India     
  11.4.4 Australia     
  11.4.5 New Zealand    
  11.4.6 South Korea    
  11.4.7 Rest of Asia Pacific    
 11.5 South America     
  11.5.1 Argentina    
  11.5.2 Brazil     
  11.5.3 Chile     
  11.5.4 Rest of South America   
 11.6 Middle East & Africa    
  11.6.1 Saudi Arabia    
  11.6.2 UAE     
  11.6.3 Qatar     
  11.6.4 South Africa    
  11.6.5 Rest of Middle East & Africa   
        
12 Key Developments      
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 12.2 Acquisitions & Mergers    
 12.3 New Product Launch    
 12.4 Expansions     
 12.5 Other Key Strategies    
        
13 Company Profiling      
 13.1 Advantest     
 13.2 Anritsu      
 13.3 B&K Precision     
 13.4 EXFO      
 13.5 Fortive      
 13.6 Giga-Tronics     
 13.7 Gw Instek     
 13.8 Keysight Technologies    
 13.9 National Instruments    
 13.10 Rigol Technologies     
 13.11 Rohde & Schwarz     
 13.12 Stanford Research Systems    
 13.13 Teledyne      
 13.14 Texas Instruments     
 13.15 Viavi Solutions     
 13.16 Yokogawa Electric    


List of Tables       
1 Global Test And Measurement Equipment Market Outlook, By Region (2018-2027) ($MN)
2 Global Test And Measurement Equipment Market Outlook, By Type (2018-2027) ($MN)
3 Global Test And Measurement Equipment Market Outlook, By Non-destructive (2018-2027) ($MN)
4 Global Test And Measurement Equipment Market Outlook, By Destructive (2018-2027) ($MN)
5 Global Test And Measurement Equipment Market Outlook, By Component (2018-2027) ($MN)
6 Global Test And Measurement Equipment Market Outlook, By Value Added Accessories (2018-2027) ($MN)
7 Global Test And Measurement Equipment Market Outlook, By Connectors (2018-2027) ($MN)
8 Global Test And Measurement Equipment Market Outlook, By Cables Assemblies (2018-2027) ($MN)
9 Global Test And Measurement Equipment Market Outlook, By Instrumentation Type (2018-2027) ($MN)
10 Global Test And Measurement Equipment Market Outlook, By Spectroscopy (2018-2027) ($MN)
11 Global Test And Measurement Equipment Market Outlook, By Scales & Weight (2018-2027) ($MN)
12 Global Test And Measurement Equipment Market Outlook, By Laser Distance Measurement (2018-2027) ($MN)
13 Global Test And Measurement Equipment Market Outlook, By Lab Instrumentation (2018-2027) ($MN)
14 Global Test And Measurement Equipment Market Outlook, By Field Instrumentation (2018-2027) ($MN)
15 Global Test And Measurement Equipment Market Outlook, By Data Acquisition (2018-2027) ($MN)
16 Global Test And Measurement Equipment Market Outlook, By Active Probes (2018-2027) ($MN)
17 Global Test And Measurement Equipment Market Outlook, By Service Type (2018-2027) ($MN)
18 Global Test And Measurement Equipment Market Outlook, By Managed Service (2018-2027) ($MN)
19 Global Test And Measurement Equipment Market Outlook, By Calibration Services (2018-2027) ($MN)
20 Global Test And Measurement Equipment Market Outlook, By Professional Services (2018-2027) ($MN)
21 Global Test And Measurement Equipment Market Outlook, By Consulting & Training Services (2018-2027) ($MN)
22 Global Test And Measurement Equipment Market Outlook, By Integration Service (2018-2027) ($MN)
23 Global Test And Measurement Equipment Market Outlook, By Repair Services/After-Sales Services (2018-2027) ($MN)
24 Global Test And Measurement Equipment Market Outlook, By Other Services (2018-2027) ($MN)
25 Global Test And Measurement Equipment Market Outlook, By Asset Management (2018-2027) ($MN)
26 Global Test And Measurement Equipment Market Outlook, By Climatic Product Testing (2018-2027) ($MN)
27 Global Test And Measurement Equipment Market Outlook, By Environment Product Testing (2018-2027) ($MN)
28 Global Test And Measurement Equipment Market Outlook, By Extended Premium Plans (2018-2027) ($MN)
29 Global Test And Measurement Equipment Market Outlook, By Shock Testing (2018-2027) ($MN)
30 Global Test And Measurement Equipment Market Outlook, By Product (2018-2027) ($MN)
31 Global Test And Measurement Equipment Market Outlook, By Mechanical Test Equipment (MTE) (2018-2027) ($MN)
32 Global Test And Measurement Equipment Market Outlook, By Machine Condition Monitoring (2018-2027) ($MN)
33 Global Test And Measurement Equipment Market Outlook, By Machine Vision Inspection (2018-2027) ($MN)
34 Global Test And Measurement Equipment Market Outlook, By Wireless Test Equipment (2018-2027) ($MN)
35 Global Test And Measurement Equipment Market Outlook, By Logic Analyzers (2018-2027) ($MN)
36 Global Test And Measurement Equipment Market Outlook, By Network Analyzers (2018-2027) ($MN)
37 Global Test And Measurement Equipment Market Outlook, By Network Simulators (2018-2027) ($MN)
38 Global Test And Measurement Equipment Market Outlook, By Spectrum Analyzers (2018-2027) ($MN)
39 Global Test And Measurement Equipment Market Outlook, By General Purpose Test Equipment (GPTE) (2018-2027) ($MN)
40 Global Test And Measurement Equipment Market Outlook, By Arbitrary Waveform Generators (2018-2027) ($MN)
41 Global Test And Measurement Equipment Market Outlook, By Automated Test Equipment (ATE) (2018-2027) ($MN)
42 Global Test And Measurement Equipment Market Outlook, By Bit Error Ratio Testers (BERT) (2018-2027) ($MN)
43 Global Test And Measurement Equipment Market Outlook, By Electronic Counters (2018-2027) ($MN)
44 Global Test And Measurement Equipment Market Outlook, By Modular Instrumentation (2018-2027) ($MN)
45 Global Test And Measurement Equipment Market Outlook, By Multimeters (2018-2027) ($MN)
46 Global Test And Measurement Equipment Market Outlook, By Oscilloscopes (2018-2027) ($MN)
47 Global Test And Measurement Equipment Market Outlook, By Power Meters (2018-2027) ($MN)
48 Global Test And Measurement Equipment Market Outlook, By Power Supplies (2018-2027) ($MN)
49 Global Test And Measurement Equipment Market Outlook, By RF Test Chambers (2018-2027) ($MN)
50 Global Test And Measurement Equipment Market Outlook, By Semiconductor Test Equipment (2018-2027) ($MN)
51 Global Test And Measurement Equipment Market Outlook, By Signal Generators (2018-2027) ($MN)
52 Global Test And Measurement Equipment Market Outlook, By Thermal Imagers (2018-2027) ($MN)
53 Global Test And Measurement Equipment Market Outlook, By End User (2018-2027) ($MN)
54 Global Test And Measurement Equipment Market Outlook, By Aerospace & Defense (2018-2027) ($MN)
55 Global Test And Measurement Equipment Market Outlook, By Automotive & Transportation (2018-2027) ($MN)
56 Global Test And Measurement Equipment Market Outlook, By Education & Government (2018-2027) ($MN)
57 Global Test And Measurement Equipment Market Outlook, By Healthcare (Medical) (2018-2027) ($MN)
58 Global Test And Measurement Equipment Market Outlook, By Industrial & Manufacturing (2018-2027) ($MN)
59 Global Test And Measurement Equipment Market Outlook, By IT & Telecommunications (2018-2027) ($MN)
60 Global Test And Measurement Equipment Market Outlook, By Semiconductor & Electronics (2018-2027) ($MN)
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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