The test and measurement equipment market is expected to reach USD 35.45 billion by 2022, at a CAGR of 6.8% between 2016 and 2022.
The major driving factors for the test and measurement equipment market are the rising demand for electronics products that is giving rise to the need for testing and measurement equipment, increased investments in R&D, technological advancement in networking and communication sector, and increased manufacturing activity in developing countries.
Calibration services are expected to hold the largest market share by 2022. The calibration of the test and measurement equipment is vital for precision, quality assurance, and compliance of quality standards required in production, maintenance, and servicing. Calibration helps increase the operational life of the equipment.
Key countries in APAC are Japan, China, India, Taiwan, and others. The APAC region is home to a number of OEMs as well as semiconductor device and product manufacturers. Moreover, favorable regulatory policies for the approval of new semiconductor technologies and the saturation of the market in developed countries are further intensifying the interest of foreign players in expanding in Asia-Pacific.
Keysight Technologies, Inc.
Rohde & Schwarz GmbH & Co Kg
Texas Instruments, Inc.
Vaivi Solution, Inc.
Yokogawa Electric Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Test and Measurement Equipment Market, By Equipment Type
8 Test and Measurement Equipment Market, By Service
9 Test and Measurement Equipment Market, By Application
10 Test and Measurement Equipment Market By Geographic Analysis