APAC Test and Measurement Market - Forecast(2021 - 2026)
APAC Test and Measurement The APAC test and measurement equipment market size is forecast to reach $7.3 billion by 2026 and is estimated to grow at a CAGR of 5.19% during the forecast period 2021-2026. The ongoing digital transformation in automotive industry and deployment of electric and hybrid electric vehicles is boosting the retrofitting of devices and equipment embedded with a wide range of test and measurement equipment such as electrical tester, digital multi-meters, digital oscilloscope, spectrum analyzer, and environmental testers. Data centers, advanced telecom infrastructure, and automotive are some major end-use applications that require advanced automated test and measuring equipment to meet modern testing requirement. The data centers utilize various complex electronics devices and thus a large number of test and measurement equipment are deployed in these data center to monitor device condition, signal strength, calibration service, and data transmission condition. The...