The test and measurement equipment market is estimated to generate a market size of USD 37.68 billion in 2025 and is expected to reach USD 64.98 billion by 2035, reflecting a compound annual growth rate (CAGR) of 5.6% during the forecast period.
The demand for test and measurement equipment is rising across industries such as telecommunications, aerospace, automotive, and electronics due to the increasing need for precision testing, performance monitoring, and quality control in the development and production of advanced technologies. These equipment play a vital role in ensuring the reliability, functionality, and safety of products and systems.
A significant driver of the market’s growth is the increasing demand for more sophisticated and accurate testing solutions driven by the advancement of technology. As industries such as 5G telecommunications, electric vehicles, and semiconductor manufacturing continue to grow, the need for high-performance test and measurement equipment is also expanding.
The transition to more complex systems, such as autonomous vehicles and IoT-enabled devices, is pushing the limits of traditional testing methods, driving innovation in test equipment that can handle these new challenges.
| Attribute | Value |
|---|---|
| Market Size in 2025 | USD 37.68 billion |
| Market Size in 2035 | USD 64.98 billion |
| CAGR (2025 to 2035) | 5.6% |
Recent developments in the test and measurement equipment market focus on the integration of digital technologies such as artificial intelligence (AI), machine learning, and cloud computing. These innovations are enabling faster data analysis, remote monitoring, and predictive maintenance, thus enhancing the capabilities and efficiency of test systems.
The rise of smart devices and increasing connectivity are also influencing the demand for more precise, real-time test equipment that can deliver actionable insights for the development of next-generation technologies.
On March 25, 2025, Keysight Technologies introduced two new high-speed DCA‑M sampling oscilloscopes (single- and dual‑channel) designed for 1.6 T optical transceiver testing, targeting R&D and manufacturing of next-gen AI data center interconnects-as per Keysight’s press release.
These instruments feature integrated clock recovery up to 120 GBaud, ultra-low optical channel noise (< 15 µW), and intrinsic jitter under 90 fs, ensuring precise and scalable validation of 1.6 T optical networks. Dr. Joachim Peerlings, Vice President of Network & Data Center Solutions, commented, “Enabling next‑generation data centers and AI clusters. we are proud of our progress.” This launch positions Keysight as a key enabler in high-speed optical testing for AI-powered infrastructure.
As the test and measurement equipment market continues to expand, ongoing advancements in digital technologies, increased investments in research and development, and the growing need for efficient, accurate testing in emerging industries will contribute to the market's continued growth and innovation.
The global test and measurement equipment market is projected to expand steadily from 2025 to 2035, driven by advancements in electronics, telecommunications, and automotive sectors. In 2025, calibration services are expected to account for 67.4% of the services segment, while general purpose test equipment is projected to hold 62.4% of the product type segment. Leading players include Keysight Technologies, Rohde & Schwarz, and Tektronix.
The calibration services segment is projected to capture 67.4% of the services segment market share in 2025. Growing regulatory emphasis on quality assurance and precision across industries such as aerospace, defense, automotive, and healthcare is driving demand for professional calibration services. Companies are increasingly relying on third-party service providers to ensure equipment compliance with stringent international standards.
Keysight Technologies and Rohde & Schwarz are leading the market with comprehensive calibration offerings, including on-site, in-lab, and automated calibration services. Innovations such as cloud-based calibration management and real-time compliance tracking are enhancing service value.
Moreover, the rapid evolution of complex electronic devices and high-frequency communication systems is increasing the need for more frequent and accurate calibrations. As manufacturing processes become more digitized and data-driven, calibration services are playing a pivotal role in ensuring equipment reliability, process efficiency, and long-term operational integrity. This trend positions the segment for continued expansion across both developed and emerging markets.
The general purpose test equipment segment is projected to command 62.4% of the product type segment market share in 2025. The segment benefits from its wide-ranging applicability across industries such as telecommunications, automotive, electronics manufacturing, and aerospace. Equipment such as oscilloscopes, signal generators, multimeters, and spectrum analyzers forms the backbone of R&D, quality control, and production testing environments.
Key players like Tektronix and Anritsu are introducing next-generation general purpose test equipment with advanced features such as higher bandwidth, faster sampling rates, and enhanced signal analysis capabilities. The rising adoption of 5G, IoT devices, and electric vehicles is driving demand for versatile and future-ready testing solutions.
Additionally, trends toward miniaturization and higher complexity in electronic components are fueling the need for more precise and adaptable test equipment. As industries increasingly adopt digital technologies, the ability of general purpose test equipment to support a broad spectrum of testing requirements ensures its sustained relevance and strong market growth trajectory.
Increased Demand for Wireless Testing Equipment
The soaring significance of 5G networks has revolutionized the telecom industry entirely. Countries like China, Japan, India, and the United States are some of the first countries that have successfully deployed 5G networks. This has led to a surge in demand for test and measurement equipment capable of handling the higher frequencies, wider bandwidths, and increased data rates associated with 5G technology in these countries.
Integration of Test and Measurement Equipment with AI Benefits the Industry
Ongoing automation trends have also changed the way test and measurement equipment is used. With the emergence of artificial intelligence and machine learning algorithms capable of processing large volumes of data generated by test and measurement equipment much faster and more accurately than traditional methods, the demand for these equipment is touching the skies.
High Initial Investment and Complexity of Equipment to Slow Down Industry Growth
Modern-day testing and measurement equipment is very costly. This factor has kept an enormous number of small businesses and companies away from the industry. However, government grants and subsidies in some countries have solved this problem. Besides this, the high complexity of this equipment often requires trained professionals to operate it.
The section discusses region-wise insights into the test and measurement equipment market. Based on these analytics, it can be inferred that Asian countries like China, India, and Thailand are at the forefront of this sector. In the Western world, the United States and the United Kingdom are also performing very well, thanks to robust investments in technological advancements and innovation by both private and public companies.
| Countries | CAGR 2025 to 2035 |
|---|---|
| India | 8.3% |
| China | 6.3% |
| Spain | 4.2% |
| United Kingdom | 2.2% |
| United States | 3.1% |
India is one of the most prominent countries in the test and measurement devices industry. It is very likely to register a CAGR of 8.3% through 2035.
In the past few years, India has made considerable progress in its IT and electronics sector. The Indian government is also actively promoting these industries as they have the potential to transform the country’s economic landscape and position India as a global leader in technology. This development has naturally generated an excellent demand for test and measurement devices in India. Besides this, the influx of multinational companies into the country has also contributed significantly to the test and measurement devices sector in India.
The United States test and measurement equipment market is slated to show a 3.1% CAGR during the forecast period. The United States has always been welcoming to new technology in industrial settings.
Key industries in the country, such as healthcare, automotive, and telecommunications, are now heavily reliant on advanced test and measurement equipment. Besides this, the development of autonomous vehicles and next-gen communication technologies has fueled industry growth in the United States.
Just like the United States, the United Kingdom is also very likely to exhibit a sluggish CAGR of 2.2% from 2025 to 2035 in the test and measurement device sector.
The United Kingdom is a leader in several high-tech sectors, including aerospace, defense, telecommunications, and renewable energy. The presence of industry giants in the country automatically generates a huge demand for advanced test and measurement solutions for product development, regulatory compliance, and quality assurance. This factor has been driving the growth of the test and measurement equipment market in the country.
With the influx of new innovations and the presence of several key players in the international marketplace, the test and measurement equipment market globally seems very competitive.
Various leaders such as Agilent Technologies, Keysight Technologies, Tektronix, Rohde & Schwarz, and National Instruments already have a loyal consumer base and widespread distribution channels due to their prolonged presence and vast experience in the sector.
Besides this, companies are also engaging in mergers and acquisitions to expand their product portfolios, enter new markets, and acquire advanced technologies.
Industry Updates
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2025) | USD 37.68 billion |
| Projected Market Size (2035) | USD 64.98 billion |
| CAGR (2025 to 2035) | 5.6% |
| Base Year for Estimation | 2024 |
| Historical Period | 2020 to 2024 |
| Projections Period | 2025 to 2035 |
| Quantitative Units | USD billion for dollar sales |
| Services Analyzed (Segment 1) | Calibration Services, After-sales Services |
| Product Types Analyzed (Segment 2) | General-purpose Test Equipment, Mechanical Test Equipment |
| Verticals Analyzed (Segment 3) | Healthcare, Electronics and Semiconductor, IT and Telecommunication, Aerospace and Defense, Automobile and Transportation, Others |
| Regions Covered | North America, Latin America, Europe, Asia Pacific, Middle East and Africa |
| Countries Covered | United States, Canada, Mexico, Brazil, Argentina, Germany, France, United Kingdom, Italy, Spain, Netherlands, China, India, Japan, South Korea, ANZ, GCC Countries, South Africa |
| Key Players influencing the Test and Measurement Equipment Market | FORTIVE, Keysight Technologies, Rohde & Schwarz, Advantest, National Instruments, Viavi Solutions, Anritsu, Yokogawa Electric, EXFO Company, Texas Instruments |
| Additional Attributes | dollar sales, CAGR trends, service segmentation, product type distribution, vertical industry share, competitor dollar sales & market share, regional growth patterns |
On the basis of services, the sector is bifurcated into calibration services and after-sales services.
Based on the product type, the industry is bifurcated into general-purpose test equipment and mechanical test equipment.
On account of verticals, the sector is segmented into, healthcare, electronics and semiconductor, IT and telecommunication, aerospace and defense, automobile and transportation, etc.
Depending on the region, the industry is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
The global valuation is USD 37.68 billion as of 2025.
The industry is expected to reach USD 64.98 billion by 2035.
The industry is set to develop at a CAGR of 5.6% through 2035.
Agilent Technologies, Keysight Technologies, Tektronix, Rohde & Schwarz, and National Instrument, are some of the leading players.
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