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Test and Measurement Equipment Market Outlook (2022 to 2032)

[330 Pages Report] The global test and measurement equipment market is predicted to witness a moderate CAGR of 5.6% during the forecast period of 2022 to 2032. The test and measurement equipment market share is estimated to be worth US$ 32 Billion in 2022, with a possibility of reaching a total valuation of US$ 54.9 Billion by 2032.

Test and measurement equipment perform calibrations on various types of appliances that can maximize their accuracy, efficiency, and overall performance creating a reciprocal market growth trend with the electronics manufacturing industry.

All electronic gadgets and devices need to undergo an authentication test before their release into the market. The demand for test and measurement equipment at the electronic manufacturing units for this purpose is set to rise in the coming years with the growing consumption of electronic and electrical gadgets.

Testing and Measurement equipment aids in detecting any possibility of damage that can crop up during the lifetime of any physical good, thus enhancing the quality of the product and brand value of the company employing it. The test and measurement equipment market opportunities are likely to grow robustly in this context during the upcoming years.

Attributes Details
Test and Measurement Equipment Market Share (2021) US$ 30.9 Billion
Test and Measurement Equipment Market Size (2022) US$ 32 Billion
Test and Measurement Equipment Market Size (2032) US$ 54.9 Billion
Test and Measurement Equipment Market Growth Rate (2022 to 2032) 5.6%

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Impact of Covid-19 on Global Test and Measurement Equipment Market

Unlike most of the other markets out there, the global test and measurement equipment market is evident to have sustained the economic slowdown following the Covid-19 pandemic. In fact, this new market research report on test and measurement equipment reveals the profuse increment in its growth rate post the pandemic.

In effect, the outbreak of the Covid-19 pandemic resulted in an escalated production of electric medical equipment and appliances. To assist the speedy procurement of such devices actually boomed the test and measurement equipment market size irrespective of a downturn in other areas of the economy.

As per the global market study on test and measurement equipment for the years 2015 to 2021, the year-on-year growth rate was found to be 3.9%. However, the test and measurement equipment market analysis provides some better than foreseen market performance in the following years with a higher CAGR.

What is the Future of the Global Test and Measurement Equipment Market?

The sales of test and measurement equipment have boomed in the past two to three years owing to its higher demand in the healthcare and pharmaceutical industries.

Verification of any type of device’s performance is achieved by many types of testing and measurement equipment. This equipment assists in locating the prematurely degraded units in a lot by recording external responses such as shocks, vibration, or temperature. Electronic device manufacturers are eager to adopt these technologies to enhance their brand value by eliminating defective pieces, thus creating a huge demand for test and measurement equipment in the present market.

The ongoing trend of developing and adopting 5G wave technologies is also expected to drive the test and measurement equipment market future trends in parallel with a surge of new devices with higher bandwidth compatibility. The development of cutting-edge machinery such as robotics, space technology, and others leaves no room for any faults and is predicted to further drive the test and measurement equipment adoption trends in the future.

In line with the adoption of modern edges digital technologies such as the Internet of Things (IoT), machine learning (ML), or even data analytics, the production volume of semiconductor devices has skyrocketed in many regions. Further advancement in this domain is predicted to be one of the most influencing factors determining the test and measurement equipment market key trends and opportunities during the projected year.

What are the Major Challenges Experienced by the Test and Measurement Equipment Market Players?

The sheer diversity of various types of equipment required for the testing and measuring different types of gadgets and appliances is a major constraint for the sales of test and measurement equipment in regional and local markets. Also, the expenditure incurred for establishing testing facilities proves to be unfeasible for small and medium-scale industries, further limiting the demand for test and measurement equipment at this level.

Being a sort of competent authority to operate the equipment and carry out the testing and measurement activities successfully at several verticals is also posing a greater challenge for test and measurement equipment adoption trends still these days. Price sensitivity among the end-users, mostly those who are skeptical about the quality of the products, has also damaged the emerging trends in the test and measurement equipment market to some extent.

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Comparative Adjacent View of Global Test and Measurement Equipment Market

Test and Measurement Equipment Market:

Attributes Test and Measurement Equipment Market
CAGR (2022 to 2032) 5.6%
Market Value (2027) US$ 42 Billion
Growth Factor Growing consumption of electronics and electrical gadgets and home appliances.
Future Opportunities Emphasis on protecting the brand value by releasing only quality products.
Market Trends Booming electronics market in Asia Pacific region.

Food Safety Testing Market:

Attributes Food Safety Testing Market
CAGR (2022 to 2032) 7.1%
Market Value (2027) US$ 25 Billion
Growth Factor Rising need of exporting and importing large volumes of food products international market
Future Opportunities The emergence of e-commerce or online fresh fruits and vegetables market.
Market Trends A growing number of supermarkets and local dealers across all regions.

Disease Risk and Health Test Market:

Attributes Disease Risk and Health Test Market
CAGR (2022 to 2032) 6.8%
Market Value (2027) US$ 64 Billion
Growth Factor Improving awareness about the importance of regular health check-ups in developing countries.
Future Opportunities The average age statistics in most Western countries are shifting towards the higher end.
Market Trends The proliferation of insurance services across all regions of the globe.

As is evident from the ever-growing global rate of data consumption, the sale of consumer electronics is expected to flourish in the coming days, which can further expand the test and measurement equipment market share. Along with the growing dominance of data-accessing devices in the electronics market, the market is also getting increased opportunities for the sale of household appliances as well.

As stated by the test and measurement equipment market demand analysis, the worldwide electronics market value is projected to exceed US$ 2 Trillion by the end of the year 2032. The emergence of more market players in this domain is contemplated to mobilize the test and measurement equipment market trends and forecast values.

The necessity to follow rigorous preproduction testing and evaluation of test and measurement equipment to comply with the universal standards and precision degree halts the production speed of the test and measurement equipment market players. Further tightening of the evaluation and certification process is anticipated to hamper the test and measurement equipment market trends to a certain degree.

What is the Future of the Test and Measurement Equipment Market According to Different Segments?

The overall sales of test and measurement equipment are predicted to rise amidst the growing demand for safe and quality-checked home appliances in the global market.

On the basis of different types of test and measurement products available in the market, the General purpose test equipment is observed to be the highest-grossing segment of all. It is reported to witness a CAGR of 5.1% during the test and measurement equipment market analysis period of 2022 to 2032.

Integration of a slightly sophisticated user interface with a maximum screen size has turned out to be the most popular type of product, incurring the highest sales of test and measurement equipment in the overall market. For instance, digital insulation testers have captured most of the regional test and measurement equipment market within a very short span of time since their inception.

Which are the Top Services of the Test and Measurement Equipment Market?

According to this test and measurement equipment market survey, repair services or after-sales services are the emerging segments in the present time owing to the higher prevalence of material and workmanship problems. This segment is projected to witness a year-on-year growth rate of 5% as many end users are nowadays adopting long-term engagements from the global test and measurement equipment market to avail of round-the-clock technical assistance.

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What is the Performance of Test and Measurement Equipment Market in Different Geographical Regions?

Country or Region Growth Rate (2022 to 2032)
United States (USA) 5.4%
United Kingdom (UK) 4.6%
China 4.9%
Japan 3.9%
South Korea 3.3%

In terms of market occupancy, North America leads the global test and equipment market. Further, in North America, the USA contributes the lion's share with an overall test and measurement equipment market value of US$ 11.4 Billion, estimated for the year 2022. With advances in autonomous driving technology and modern research fields, the general tendency of bigger players in the US has shifted towards more precise and quality products, further boosting the demand for test and measurement equipment.

Demand for such accuracy in products is predicted to drive the US test and measurement equipment market at an impressive CAGR and reach the market up to a net worth of US$ 19.1 Billion by the end of this forecast period in 2032.

The Asia Pacific follows the North American region in terms of total contribution to the global test and measurement equipment market growth. With the emergence of many test and measurement equipment key players in China, Japan, and South Korea following the booming electronics market, this region is predicted to grow rapidly during the upcoming years.

China's test and measurement equipment market leads the Asia Pacific region at a net worth of US$ 2.4 billion estimated for the ongoing year 2022 and is projected to reach a total valuation of US$ 3.9 Billion by the end of the year 2032.

How Strong is the Competitive Landscape for the Test and Measurement Equipment Market?

Major test and measurement equipment market players are arranging training and development programs for their customers or end users as a major strategy to popularize their niche products. This method has improved their brand presence in the market collaterally ensuing fierce competition among the test and measurement equipment manufacturers and distributors.

Recent Developments in the Global Test and Measurement Equipment Market

  • VIAVI Solutions released a new fiber test and measurement solution in March 2021 that enhanced the company’s most comprehensive fiber-optic testing offering
  • Anritsu introduced the TRX TEST module, ‘MU887002A,’ in March 2021, which is meant to enhance the efficiency of devices used for the inspection of wireless communication gadgets in the production line.
  • Yogokawa released a number of test and measurement equipment in February 2021 for use in water treatment facilities. It included ‘TB820D,’ which is a right-angle scattered light turbidity detector, and a non-reagent type free chlorine sensor ‘FC800D.’

Test and Measurement Equipment Market Key Players

  • FORTIVE
  • Keysight Technologies
  • Rohde & Schwarz
  • Advantest
  • National Instruments
  • Viavi Solutions
  • Anritsu
  • Yokagwa Electric
  • EXFO
  • Texas Instruments

Key Segments

By Services:

  • Calibration Services
  • Repair Service or After-sales Services

By Product Type:

  • General Purpose Test Equipment
  • Mechanical Test Equipment

By Verticals:

  • Healthcare
  • Electronics & Semiconductor
  • IT & Telecommunication
  • Aerospace & Defence
  • Automobile & Transportation
  • Education & Government

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

What is the Growth Outlook of the Test and Measurement Equipment Market?

The global test and measurement equipment market is estimated to record a CAGR of 5.6% during the forecast period.

What is the projected Value of Test and Measurement Equipment Market By 2032?

The global test and measurement equipment market is predicted to be valued at US$ 54.9 Billion by 2032.

What was the Historical Size of the Test and Measurement Equipment Market?

The global test and measurement equipment market was valued at US$ 30.9 Billion in 2021.

Which Country Accounts for the largest Share of the Test and Measurement Equipment Market?

United States accounts for the largest revenue share in the global test and measurement equipment market with a total valuation of US$ 11.4 Billion.

Which Country has the Highest Growth Potential in the Test and Measurement Equipment Market?

United States is predicted to witness the highest CAGR of 5.4% in its test and measurement equipment market during the forecast years of 2022 to 2032.

Table of Content

1. Executive Summary | Test and Measurement Equipment Market

    1.1. Global Market Outlook

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment 

    3.1. Risk Assessment

        3.1.1. COVID-19 Crisis and Impact on Test and Measurement Equipment

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis

        3.1.3. Impact on Market Value (US$ Million)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background 

    4.1. Market, by Key Countries

    4.2. Market Opportunity Assessment (US$ Million)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast

        4.3.1. Demand in Optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario

    4.4. Investment Feasibility Analysis

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact

        4.5.1. Top Companies Historical Growth

        4.5.2. Growth in Automation, By Country

        4.5.3. Patch Management Adoption Rate, By Country

    4.6. Market Dynamics

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Patch Management Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors 

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking

6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032

    6.1. Historical Market Analysis, 2015 to 2021

    6.2. Current and Future Market Projections, 2022 to 2032

    6.3. Y-o-Y Growth Trend Analysis

7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Services 

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Million) Analysis By Services, 2015 to 2021

    8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Services, 2022 to 2032

        8.3.1. Calibration Services

        8.3.2. Repair Services/After-sales Services

    8.4. Market Attractiveness Analysis By Services

9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product Type 

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Million) Analysis By Product Type, 2015 to 2021

    9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Product Type, 2022 to 2032

        9.3.1. General Purpose Test Equipment

        9.3.2. Mechanical Test Equipment

    9.4. Market Attractiveness Analysis By Product Type

10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Verticals 

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) Analysis By Verticals, 2015 to 2021

    10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Verticals, 2022 to 2032

        10.3.1. Healthcare

        10.3.2. Electronics & Semiconductor

        10.3.3. IT & telecommunications

        10.3.4. Aerospace & Defence

        10.3.5. Automobile & transportation

        10.3.6. Education & Government

    10.4. Market Attractiveness Analysis By Verticals

11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021

    11.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. Asia Pacific

        11.3.5. Middle East and Africa (MEA)

    11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

    12.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        12.4.1. By Country

            12.4.1.1. United States of America

            12.4.1.2. Canada

            12.4.1.3. Rest of North America

        12.4.2. By Services

        12.4.3. By Verticals

        12.4.4. By Product Type

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Services

        12.5.3. By Verticals

        12.5.4. By Product Type

13. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

    13.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        13.4.1. By Country

            13.4.1.1. Brazil

            13.4.1.2. Mexico

            13.4.1.3. Rest of Latin America

        13.4.2. By Services

        13.4.3. By Verticals

        13.4.4. By Product Type

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Services

        13.5.3. By Verticals

        13.5.4. By Product Type

14. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

    14.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        14.4.1. By Country

            14.4.1.1. Germany

            14.4.1.2. France

            14.4.1.3. United Kingdom

            14.4.1.4. Italy

            14.4.1.5. Benelux

            14.4.1.6. Nordic Countries

            14.4.1.7. Rest of Europe

        14.4.2. By Services

        14.4.3. By Verticals

        14.4.4. By Product Type

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Services

        14.5.3. By Verticals

        14.5.4. By Product Type

15. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

    15.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        15.4.1. By Country

            15.4.1.1. China

            15.4.1.2. Japan

            15.4.1.3. South Korea

            15.4.1.4. Rest of Asia Pacific

        15.4.2. By Services

        15.4.3. By Verticals

        15.4.4. By Product Type

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Services

        15.5.3. By Verticals

        15.5.4. By Product Type

16. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021

    16.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        16.4.1. By Country

            16.4.1.1. GCC Countries

            16.4.1.2. South Africa

            16.4.1.3. Turkey

            16.4.1.4. Rest of Middle East and Africa

        16.4.2. By Services

        16.4.3. By Verticals

        16.4.4. By Product Type

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Services

        16.5.3. By Verticals

        16.5.4. By Product Type

17. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    17.1. Introduction

        17.1.1. Market Value Proportion Analysis, By Key Countries

        17.1.2. Global Vs. Country Growth Comparison

    17.2. USA Market Analysis

        17.2.1. Value Proportion Analysis by Market Taxonomy

        17.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.2.2.1. By Services

            17.2.2.2. By Verticals

            17.2.2.3. By Product Type

    17.3. Canada Market Analysis

        17.3.1. Value Proportion Analysis by Market Taxonomy

        17.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.3.2.1. By Services

            17.3.2.2. By Verticals

            17.3.2.3. By Product Type

    17.4. Mexico Market Analysis

        17.4.1. Value Proportion Analysis by Market Taxonomy

        17.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.4.2.1. By Services

            17.4.2.2. By Verticals

            17.4.2.3. By Product Type

    17.5. Brazil Market Analysis

        17.5.1. Value Proportion Analysis by Market Taxonomy

        17.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.5.2.1. By Services

            17.5.2.2. By Verticals

            17.5.2.3. By Product Type

    17.6. Germany Market Analysis

        17.6.1. Value Proportion Analysis by Market Taxonomy

        17.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.6.2.1. By Services

            17.6.2.2. By Verticals

            17.6.2.3. By Product Type

    17.7. France Market Analysis

        17.7.1. Value Proportion Analysis by Market Taxonomy

        17.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.7.2.1. By Services

            17.7.2.2. By Verticals

            17.7.2.3. By Product Type

    17.8. Italy Market Analysis

        17.8.1. Value Proportion Analysis by Market Taxonomy

        17.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.8.2.1. By Services

            17.8.2.2. By Verticals

            17.8.2.3. By Product Type

    17.9. BENELUX Market Analysis

        17.9.1. Value Proportion Analysis by Market Taxonomy

        17.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.9.2.1. By Services

            17.9.2.2. By Verticals

            17.9.2.3. By Product Type

    17.10. UK Market Analysis

        17.10.1. Value Proportion Analysis by Market Taxonomy

        17.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.10.2.1. By Services

            17.10.2.2. By Verticals

            17.10.2.3. By Product Type

    17.11. Nordic Countries Market Analysis

        17.11.1. Value Proportion Analysis by Market Taxonomy

        17.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.11.2.1. By Services

            17.11.2.2. By Verticals

            17.11.2.3. By Product Type

    17.12. China Market Analysis

        17.12.1. Value Proportion Analysis by Market Taxonomy

        17.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.12.2.1. By Services

            17.12.2.2. By Verticals

            17.12.2.3. By Product Type

    17.13. Japan Market Analysis

        17.13.1. Value Proportion Analysis by Market Taxonomy

        17.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.13.2.1. By Services

            17.13.2.2. By Verticals

            17.13.2.3. By Product Type

    17.14. South Korea Market Analysis

        17.14.1. Value Proportion Analysis by Market Taxonomy

        17.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.14.2.1. By Services

            17.14.2.2. By Verticals

            17.14.2.3. By Product Type

    17.15. GCC Countries Market Analysis

        17.15.1. Value Proportion Analysis by Market Taxonomy

        17.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.15.2.1. By Services

            17.15.2.2. By Verticals

            17.15.2.3. By Product Type

    17.16. South Africa Market Analysis

        17.16.1. Value Proportion Analysis by Market Taxonomy

        17.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.16.2.1. By Services

            17.16.2.2. By Verticals

            17.16.2.3. By Product Type

    17.17. Turkey Market Analysis

        17.17.1. Value Proportion Analysis by Market Taxonomy

        17.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            17.17.2.1. By Services

            17.17.2.2. By Verticals

            17.17.2.3. By Product Type

        17.17.3. Competition Landscape and Player Concentration in the Country

18. Market Structure Analysis

    18.1. Market Analysis by Tier of Companies

    18.2. Market Concentration

    18.3. Market Share Analysis of Top Players

    18.4. Market Presence Analysis

        18.4.1. By Regional Footprint of Players

        18.4.2. Product Footprint by Players

19. Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Competition Deep Dive

        19.3.1. FORTIVE

            19.3.1.1. Overview

            19.3.1.2. Product Portfolio

            19.3.1.3. Sales Footprint

            19.3.1.4. Strategy Overview

        19.3.2. KEYSIGHT TECHNOLOGIES

            19.3.2.1. Overview

            19.3.2.2. Product Portfolio

            19.3.2.3. Sales Footprint

            19.3.2.4. Strategy Overview

        19.3.3. ROHDE & SCHWARZ

            19.3.3.1. Overview

            19.3.3.2. Product Portfolio

            19.3.3.3. Sales Footprint

            19.3.3.4. Strategy Overview

        19.3.4. ADVANTEST

            19.3.4.1. Overview

            19.3.4.2. Product Portfolio

            19.3.4.3. Sales Footprint

            19.3.4.4. Strategy Overview

        19.3.5. NATIONAL INSTRUMENTS

            19.3.5.1. Overview

            19.3.5.2. Product Portfolio

            19.3.5.3. Sales Footprint

            19.3.5.4. Strategy Overview

        19.3.6. VIAVI SOLUTIONS

            19.3.6.1. Overview

            19.3.6.2. Product Portfolio

            19.3.6.3. Sales Footprint

            19.3.6.4. Strategy Overview

        19.3.7. ANRITSU

            19.3.7.1. Overview

            19.3.7.2. Product Portfolio

            19.3.7.3. Sales Footprint

            19.3.7.4. Strategy Overview

        19.3.8. YOKOGAWA ELECTRIC

            19.3.8.1. Overview

            19.3.8.2. Product Portfolio

            19.3.8.3. Sales Footprint

            19.3.8.4. Strategy Overview

        19.3.9. EXFO

            19.3.9.1. Overview

            19.3.9.2. Product Portfolio

            19.3.9.3. Sales Footprint

            19.3.9.4. Strategy Overview

        19.3.10. TEXAS INSTRUMENTS

            19.3.10.1. Overview

            19.3.10.2. Product Portfolio

            19.3.10.3. Sales Footprint

            19.3.10.4. Strategy Overview

20. Assumptions and Acronyms Used

21. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Million), By Services, 2015 to 2021

Table 2: Global Market Value (US$ Million), By Services, 2022 to 2032

Table 3: Global Market Value (US$ Million), By Verticals, 2015 to 2021

Table 4: Global Market Value (US$ Million), By Verticals, 2022 to 2032

Table 5: Global Market Value (US$ Million), By Product Type, 2015 to 2021

Table 6: Global Market Value (US$ Million), By Product Type, 2022 to 2032

Table 7: Global Market, By Region, 2015 to 2021

Table 8: Global Market, By Region, 2022 to 2032

Table 9: North America Market Value (US$ Million), By Services, 2015 to 2021

Table 10: North America Market Value (US$ Million), By Services, 2022 to 2032

Table 11: North America Market Value (US$ Million), By Verticals, 2015 to 2021

Table 12: North America Market Value (US$ Million), By Verticals, 2022 to 2032

Table 13: North America Market Value (US$ Million), By Product Type, 2015 to 2021

Table 14: North America Market Value (US$ Million), By Product Type, 2022 to 2032

Table 15: North America Market, By Country, 2015 to 2021

Table 16: North America Market, By Country, 2022 to 2032

Table 17: Latin America Market Value (US$ Million), By Services, 2015 to 2021

Table 18: Latin America Market Value (US$ Million), By Services, 2022 to 2032

Table 19: Latin America Market Value (US$ Million), By Verticals, 2015 to 2021

Table 20: Latin America Market Value (US$ Million), By Verticals, 2022 to 2032

Table 21: Latin America Market Value (US$ Million), By Product Type, 2015 to 2021

Table 22: Latin America Market Value (US$ Million), By Product Type, 2022 to 2032

Table 23: Latin America Market, By Country, 2015 to 2021

Table 24: Latin America Market, By Country, 2022 to 2032

Table 25: Europe Market Value (US$ Million), By Services, 2015 to 2021

Table 26: Europe Market Value (US$ Million), By Services, 2022 to 2032

Table 27: Europe Market Value (US$ Million), By Verticals, 2015 to 2021

Table 28: Europe Market Value (US$ Million), By Verticals, 2022 to 2032

Table 29: Europe Market Value (US$ Million), By Product Type, 2015 to 2021

Table 30: Europe Market Value (US$ Million), By Product Type, 2022 to 2032

Table 31: Europe Market, By Country, 2015 to 2021

Table 32: Europe Market, By Country, 2022 to 2032

Table 33: Asia Pacific Market Value (US$ Million), By Services, 2015 to 2021

Table 34: Asia Pacific Market Value (US$ Million), By Services, 2022 to 2032

Table 35: Asia Pacific Market Value (US$ Million), By Verticals, 2015 to 2021

Table 36: Asia Pacific Market Value (US$ Million), By Verticals, 2022 to 2032

Table 37: Asia Pacific Market Value (US$ Million), By Product Type, 2015 to 2021

Table 38: Asia Pacific Market Value (US$ Million), By Product Type, 2022 to 2032

Table 39: Asia Pacific Market, By Country, 2015 to 2021

Table 40: Asia Pacific Market, By Country, 2022 to 2032

Table 41: MEA Market Value (US$ Million), By Services, 2015 to 2021

Table 42: MEA Market Value (US$ Million), By Services, 2022 to 2032

Table 43: MEA Market Value (US$ Million), By Verticals, 2015 to 2021

Table 44: MEA Market Value (US$ Million), By Verticals, 2022 to 2032

Table 45: MEA Market Value (US$ Million), By Product Type, 2015 to 2021

Table 46: MEA Market Value (US$ Million), By Product Type, 2022 to 2032

Table 47: MEA Market, By Country, 2015 to 2021

Table 48: MEA Market, By Country, 2022 to 2032

Table 49: Global Market Incremental $ Opportunity, By Services, 2015 to 2021

Table 50: Global Market Incremental $ Opportunity, By Verticals, 2022 to 2032

Table 51: Global Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 52: Global Market Incremental $ Opportunity, By Region, 2022 to 2032

Table 53: North America Market Incremental $ Opportunity, By Services, 2015 to 2021

Table 54: North America Market Incremental $ Opportunity, By Verticals, 2022 to 2032

Table 55: North America Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 56: North America Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 57: Latin America Market Incremental $ Opportunity, By Services, 2015 to 2021

Table 58: Latin America Market Incremental $ Opportunity, By Verticals, 2022 to 2032

Table 59: Latin America Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 60: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 61: Europe Market Incremental $ Opportunity, By Services, 2015 to 2021

Table 62: Europe Market Incremental $ Opportunity, By Verticals, 2022 to 2032

Table 63: Europe Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 64: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 65: Asia Pacific Market Incremental $ Opportunity, By Services, 2015 to 2021

Table 66: Asia Pacific Market Incremental $ Opportunity, By Verticals, 2022 to 2032

Table 67: Asia Pacific Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 68: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 69: MEA Market Incremental $ Opportunity, By Services, 2015 to 2021

Table 70: MEA Market Incremental $ Opportunity, By Verticals, 2022 to 2032

Table 71: MEA Market Incremental $ Opportunity, By Product Type, 2015 to 2021

Table 72: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
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Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million

Figure 3: Global Market Share, By Services, 2022 & 2032

Figure 4: Global Market Y-o-Y Growth Projections, By Services - 2022 to 2032

Figure 5: Global Market Attractiveness Index, By Services - 2022 to 2032

Figure 6: Global Market Share, By Verticals, 2022 & 2032

Figure 7: Global Market Y-o-Y Growth Projections, By Verticals - 2022 to 2032

Figure 8: Global Market Attractiveness Index, By Verticals - 2022 to 2032

Figure 9: Global Market Share, By Product Type, 2022 & 2032

Figure 10: Global Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032

Figure 11: Global Market Attractiveness Index, By Product Type - 2022 to 2032

Figure 12: Global Market Share, By Region, 2022 & 2032

Figure 13: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032

Figure 14: Global Market Attractiveness Index, By Region - 2022 to 2032

Figure 15: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 16: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 17: North America Market Share, By Services, 2022 & 2032

Figure 18: North America Market Y-o-Y Growth Projections, By Services - 2022 to 2032

Figure 19: North America Market Attractiveness Index, By Services - 2022 to 2032

Figure 20: North America Market Share, By Verticals, 2022 & 2032

Figure 21: North America Market Y-o-Y Growth Projections, By Verticals - 2022 to 2032

Figure 22: North America Market Attractiveness Index, By Verticals - 2022 to 2032

Figure 23: North America Market Share, By Product Type, 2022 & 2032

Figure 24: North America Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032

Figure 25: North America Market Attractiveness Index, By Product Type - 2022 to 2032

Figure 26: North America Market Share, By Country, 2022 & 2032

Figure 27: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 28: North America Market Attractiveness Index, By Country - 2022 to 2032

Figure 29: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 30: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 31: Latin America Market Share, By Services, 2022 & 2032

Figure 32: Latin America Market Y-o-Y Growth Projections, By Services - 2022 to 2032

Figure 33: Latin America Market Attractiveness Index, By Services - 2022 to 2032

Figure 34: Latin America Market Share, By Verticals, 2022 & 2032

Figure 35: Latin America Market Y-o-Y Growth Projections, By Verticals - 2022 to 2032

Figure 36: Latin America Market Attractiveness Index, By Verticals - 2022 to 2032

Figure 37: Latin America Market Share, By Product Type, 2022 & 2032

Figure 38: Latin America Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032

Figure 39: Latin America Market Attractiveness Index, By Product Type - 2022 to 2032

Figure 40: Latin America Market Share, By Country, 2022 & 2032

Figure 41: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 42: Latin America Market Attractiveness Index, By Country - 2022 to 2032

Figure 43: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 44: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 45: Europe Market Share, By Services, 2022 & 2032

Figure 46: Europe Market Y-o-Y Growth Projections, By Services - 2022 to 2032

Figure 47: Europe Market Attractiveness Index, By Services - 2022 to 2032

Figure 48: Europe Market Share, By Verticals, 2022 & 2032

Figure 49: Europe Market Y-o-Y Growth Projections, By Verticals - 2022 to 2032

Figure 50: Europe Market Attractiveness Index, By Verticals - 2022 to 2032

Figure 51: Europe Market Share, By Product Type, 2022 & 2032

Figure 52: Europe Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032

Figure 53: Europe Market Attractiveness Index, By Product Type - 2022 to 2032

Figure 54: Europe Market Share, By Country, 2022 & 2032

Figure 55: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 56: Europe Market Attractiveness Index, By Country - 2022 to 2032

Figure 57: MEA Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 58: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 59: MEA Market Share, By Services, 2022 & 2032

Figure 60: MEA Market Y-o-Y Growth Projections, By Services - 2022 to 2032

Figure 61: MEA Market Attractiveness Index, By Services - 2022 to 2032

Figure 62: MEA Market Share, By Verticals, 2022 & 2032

Figure 63: MEA Market Y-o-Y Growth Projections, By Verticals - 2022 to 2032

Figure 64: MEA Market Attractiveness Index, By Verticals - 2022 to 2032

Figure 65: MEA Market Share, By Product Type, 2022 & 2032

Figure 66: MEA Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032

Figure 67: MEA Market Attractiveness Index, By Product Type - 2022 to 2032

Figure 68: MEA Market Share, By Country, 2022 & 2032

Figure 69: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 70: MEA Market Attractiveness Index, By Country - 2022 to 2032

Figure 71: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 72: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 73: Asia Pacific Market Share, By Services, 2022 & 2032

Figure 74: Asia Pacific Market Y-o-Y Growth Projections, By Services - 2022 to 2032

Figure 75: Asia Pacific Market Attractiveness Index, By Services - 2022 to 2032

Figure 76: Asia Pacific Market Share, By Verticals, 2022 & 2032

Figure 77: Asia Pacific Market Y-o-Y Growth Projections, By Verticals - 2022 to 2032

Figure 78: Asia Pacific Market Attractiveness Index, By Verticals - 2022 to 2032

Figure 79: Asia Pacific Market Share, By Product Type, 2022 & 2032

Figure 80: Asia Pacific Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032

Figure 81: Asia Pacific Market Attractiveness Index, By Product Type - 2022 to 2032

Figure 82: Asia Pacific Market Share, By Country, 2022 & 2032

Figure 83: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 84: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032

Figure 85: USA Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 86: USA Market Share, By Services, 2021

Figure 87: USA Market Share, By Verticals, 2021

Figure 88: USA Market Share, By Product Type, 2021

Figure 89: Canada Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 90: Canada Market Share, By Services, 2021

Figure 91: Canada Market Share, By Verticals, 2021

Figure 92: Canada Market Share, By Product Type, 2021

Figure 93: Brazil Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 94: Brazil Market Share, By Services, 2021

Figure 95: Brazil Market Share, By Verticals, 2021

Figure 96: Brazil Market Share, By Product Type, 2021

Figure 97: Mexico Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 98: Mexico Market Share, By Services, 2021

Figure 99: Mexico Market Share, By Verticals, 2021

Figure 100: Mexico Market Share, By Product Type, 2021

Figure 101: Germany Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 102: Germany Market Share, By Services, 2021

Figure 103: Germany Market Share, By Verticals, 2021

Figure 104: Germany Market Share, By Product Type, 2021

Figure 105: UK Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 106: UK Market Share, By Services, 2021

Figure 107: UK Market Share, By Verticals, 2021

Figure 108: UK Market Share, By Product Type, 2021

Figure 109: France Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 110: France Market Share, By Services, 2021

Figure 111: France Market Share, By Verticals, 2021

Figure 112: France Market Share, By Product Type, 2021

Figure 113: Italy Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 114: Italy Market Share, By Services, 2021

Figure 115: Italy Market Share, By Verticals, 2021

Figure 116: Italy Market Share, By Product Type, 2021

Figure 117: BENELUX Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 118: BENELUX Market Share, By Services, 2021

Figure 119: BENELUX Market Share, By Verticals, 2021

Figure 120: BENELUX Market Share, By Product Type, 2021

Figure 121: Nordic Countries Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 122: Nordic Countries Market Share, By Services, 2021

Figure 123: Nordic Countries Market Share, By Verticals, 2021

Figure 124: Nordic Countries Market Share, By Product Type, 2021

Figure 125: China Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 126: China Market Share, By Services, 2021

Figure 127: China Market Share, By Verticals, 2021

Figure 128: China Market Share, By Product Type, 2021

Figure 129: Japan Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 130: Japan Market Share, By Services, 2021

Figure 131: Japan Market Share, By Verticals, 2021

Figure 132: Japan Market Share, By Product Type, 2021

Figure 133: South Korea Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 134: South Korea Market Share, By Services, 2021

Figure 135: South Korea Market Share, By Verticals, 2021

Figure 136: South Korea Market Share, By Product Type, 2021

Figure 137: GCC Countries Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 138: GCC Countries Market Share, By Services, 2021

Figure 139: GCC Countries Market Share, By Verticals, 2021

Figure 140: GCC Countries Market Share, By Product Type, 2021

Figure 141: South Africa Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 142: South Africa Market Share, By Services, 2021

Figure 143: South Africa Market Share, By Verticals, 2021

Figure 144: South Africa Market Share, By Product Type, 2021

Figure 145: Turkey Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 146: Turkey Market Share, By Services, 2021

Figure 147: Turkey Market Share, By Verticals, 2021

Figure 148: Turkey Market Share, By Product Type, 2021

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