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Worldwide Test and Measurement Equipment Market by Product, Service Type, End-Use Sector and Geography - Forecast to 2023 - ResearchAndMarkets.com

January 2, 2019

DUBLIN--(BUSINESS WIRE)--Jan 2, 2019--The “Test and Measurement Equipment Market by Product (General Purpose Test Equipment, Mechanical Test Equipment), Service Type (Calibration Services, Repair Services/After Sales Services), End-Use Sector, and Geography - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The overall test and measurement equipment market is expected to grow from USD 25.7 billion in 2018 to USD 32.3 billion by 2024, at a CAGR of 3.9%.

The market is growing due to the increasing demand for this equipment in end-use sectors, such as automotive & transportation, aerospace & defense, IT & telecommunications, education & government, semiconductor & electronics, industrial, and healthcare.

The test and measurement equipment market is expected to grow at the highest CAGR in the healthcare sector during the forecast period. There is a significant potential for growth of the test and measurement equipment market in this sector due to the development of new healthcare equipment, patient-monitoring systems, and personal emergency reporting systems.

Key Highlights

Automotive and transportation segment projected to lead the test and measurement equipment market during forecast period General purpose test equipment segment to grow at the highest CAGR in the test and measurement equipment market during forecast period North America to lead the test and measurement equipment market

Market Dynamics

Drivers

Growing Adoption of Electronic Devices Increased Penetration of Modular Instrumentation Technological Advancement Towards Networking & Communication Growing Demand for High-Performance & Power-Efficient Electronic Devices

Restrain

Price Sensitivity of Test & Measurement Equipment

Opportunities

Advent of 5G Technology and Deployment of LTE & LTE-Advanced (4G) Networks Rapid Penetration of IoT Devices

Challenges

Increased Penetration of Rental & Leasing Services Matching Up With the Constantly Changing Technologies Antenna Array Complexity, Calibration and Irregularity

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insight

5 Market Overview

6 Test and Measurement Equipment Market, By Product

7 Test and Measurement Equipment Market, By Service Type

8 Test and Measurement Equipment Market, By End-Use Sector

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

Adlink Technology Advantest Ametek Anritsu B&K Precision DS Instruments DynamicSignals EXFO Fortive Freedom Communication Giga-Tronics GW Instek Keysight Technologies Leader Instruments National Instruments Rigol Technologies Rohde & Schwarz Saluki Stanford Research Systems Teledyne Texas Instruments Vaunix Viavi Solutions Yokogawa Electric

For more information about this report visit https://www.researchandmarkets.com/research/hn4p7d/worldwide_test?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005398/en/

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Related Topics:Electrical Engineering

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE MANUFACTURING ENGINEERING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/02/2019 10:27 AM/DISC: 01/02/2019 10:26 AM

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