Market Report

Test and Measurement Market Overview The Test and Measurement Equipment market is forecast to reach $33 billion by 2025 and is estimated to grow at a CAGR of 4.05% during the forecast period 2019-2025. The ongoing digital transformation in automotive industry 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 automotives are some major end-use applications that require advanced 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, and data transmission condition. Test and Measurement Market Report Coverage The report: “Test and Measurement Market – Forecast ...

Test and Measurement Market Overview: International Organization of Motor Vehicles Manufacturers (OICA) has come up with statistics that 97.30 million cars and commercial vehicles were produced globally in 2017, which was 2.36% more than the previous year [1] .  Now, this production of new vehicles requires test and measurement during the quality assurance stage, which is leading to a myriad of opportunities in test and measurement market which had a market size of $25 billion as of 2018. Furthermore, the analyst estimates the market to grow with a global CAGR of 4% during the forecast period of 2019-2025. Industrialization is proliferating in Asian countries at a rapid pace now. China has emerged as one of the leading manufacturers of consumers’ electronics like mobile phones, tablet, laptops, and some others. Furthermore, manufacturing industries that require test and measurement are booming in India, Taiwan, Indonesia, and a few other countries in the APAC region are perpetuall...