Global Test and Measurement Equipment Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

Segmented by Product;

General Purpose Test Equipment (GPTE) and Mechanical Test Equipment (MTE).

Segmented by Service Type;

Calibration Services and Repair Services/After-Sales Services.

Segmented by End-Use Sector;

Automotive & Transportation, Aerospace & Defense, It & Telecommunications, Education & Government, Semiconductor & Electronics, Industrial and Healthcare (Medical).

Segmented by Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn156285565 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Test and Measurement Equipment Market (USD Million), 2020 - 2030

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
# Global Market (USD Million), 2020 - 2030
2020 77.1
2021 84.2
2022 98.2
2023 100.0
2024 110.0
2025 125.2
2026 126.2
2027 135.3
2028 160.0
2029 169.2
2030 171.6

In the year 2023, the Global Test and Measurement Equipment Market was valued at USD 29,910.63 million. The size of this market is expected to increase to USD 38,964.67 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.9%.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Service Type
    3. Market Snapshot, By End-Use Sector
    4. Market Snapshot, By Region
    5. Market Opportunity Map
  4. Global Test and Measurement Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Adoption of Electronic Devices
        2. Increased Penetration of Modular Instrumentation
        3. Technological Advancement Towards Networking and Communication
        4. Growing Demand for High-Performance and Power-Efficient Electronic Devices
      2. Restraints
        1. Price Sensitivity of Test and Measurement Equipment
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Test and Measurement Equipment Market, By Product, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. General Purpose Test Equipment (GPTE)
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Mechanical Test Equipment (MTE)
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    2. Global Test and Measurement Equipment Market, By Service Type, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Calibration Services
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Repair Services/After-Sales Services
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    3. Global Test and Measurement Equipment Market, By End-Use Sector, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Segment Trends
        1. Automotive & Transportation
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        2. Aerospace & Defense
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        3. It & Telecommunications
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        4. Education & Government
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        5. Semiconductor & Electronics
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        6. Industrial
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
        7. Healthcare (Medical)
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    4. Global Test and Measurement Equipment Market, By Geography, 2022 - 2032 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2024 and 2030 (%)
      3. Y-o-Y Growth Analysis, 2021 - 2030
      4. Regional Trends
        1. North America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            1. United States
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            2. Canada
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
        2. Europe
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            1. Germany
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            2. United Kingdom
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            3. France
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            4. Italy
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            5. Spain
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            6. Rest of Europe
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
        3. Asia Pacific
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            1. Japan
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            2. China
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            3. India
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            4. Australia & New Zealand
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            5. South Korea
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            6. ASEAN (Association of South East Asian Countries)
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            7. Rest of Asia Pacific
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
        4. Middle East & Africa
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            1. GCC
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            2. Israel
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            3. South Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            4. Rest of Middle East & Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
        5. Latin America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            1. Brazil
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            2. Mexico
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            3. Argentina
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
            4. Rest of Latin America
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product, 2020 - 2030 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020 - 2030 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-Use Sector, 2020 - 2030 (USD Million)
  6. Competitive Landscape
    1. Heat Map Analysis
    2. Company Profiles
      1. Key Players
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      2. Fortive
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      3. Keysight Technologies
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      4. Rohde & Schwarz
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      5. Advantest
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      6. National Instruments
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      7. Viavi Solutions
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      8. Anritsu
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      9. Yokogawa Electric
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      10. EXFO
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      11. Texas Instruments
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      12. Teledyne
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
  7. Analyst Views
  8. Future Outlook of the Market

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