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Test and Measurement Equipment Market: Global Forecast until 2023

  • November 2017
  • 180 pages
  • ID: 5220264
In this report:
The healthcare (medical) segment, by end-use sector, is projected to reach USD ##.## billion by 2023, at the highest CAGR of ##.##% during the forecast period.
The market for general purpose test equipment for industrial end-use sector was valued at USD ##,##.## million in 2016, and is projected to reach USD ##,##.## million by 2023, at a CAGR of ##.##% during the forecast period.

Summary

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"The test and measurement equipment market is forecasted to grow at a CAGR (Compound annual growth rate) of ~3.5 percent between 2017 and 2023"

The test and measurement equipment market is forecasted to reach ~$29.0B by 2023 from ~$23.5B in 2017, at a compound annual growth rate (CAGR) of ~3.5 percent. The increased penetration of modular instrumentation, growing technological advancement towards networking and communication, rise in the adoption of electronic devices, and rised R&D spending are the factors driving the rise of the test and measurement equipment market.

"The sector for modular instrumentation is anticipated to rise at the highest CAGR (Compound annual growth rate) during the outlook period"

The test and measurement equipment market for modular instrumentation is anticipated to witness the top compound annual growth rate between 2017 and 2023. The main factors providing to this increase are the rising production and consumption in the automotive industry, technological improvements pertaining to the 5G solutions in the IT and telecommunication markets, and increasing focus of stakeholders on the industry 4.0 and smart applications.

"Machine vision inspection is intended to hold the largest market share during the estimate period"

The machine vision inspection equipment is forecasted to hold the biggest share of the market during the outlook period. The industry is influenced by the growing adoption of 3D machine vision systems, increasing need for quality inspection and automation, increasing demand for vision-guided robotic systems, and growing demand for application-specific machine vision systems. Furthermore, realizing the future demand for intelligent transport systems and automated vehicles, the connected vehicle firms and city authorities are increasingly adopting machine vision systems.

"The test and measurement equipment market in Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) between 2017 and 2023"

This business report includes the sector in North America (NA), Europe (EU), Asia-Pac, and Rest of the globe. India (IN) and China (CN) are considered as huge industries for test and measurement equipment according to their increasing economy. Asia-Pac is the prominent market in the global communication market due to the considerable increase in the number of mobile Internet subscribers in the emerging economies including India and China (CN). Asia-Pacific also provides significant increase opportunities for the test and measurement solutions for communications, as the end-users, including mobile device manufacturers, are highly dependent on the communication test and measurement solutions to offer the high-quality and high-performing services to their customers.

Key players' distribution profiles:

• By Company category: Tier 1 = 27.0 percent, Tier 2 = 41.0 percent, and Tier 3 = 32.0 percent

• By Description: C-suite executives = 26.0 percent, Directors = 40.0 percent, and Others = 34.0 percent

• By Area: North America continent = 47.0 percent, EU = 28.0 percent, Asia-Pac = 19.0 percent, and RoW = 6.0 percent

Fortive, Rohde & Schwarz, Anritsu, Keysight, Yokogawa Electric, National Instruments, EXFO, Advantest, Viavi, and Cobham, Teledyne, and Texas Instruments are the main players in the test and measurement equipment market.

Segment Research

• The market established on product contains general purpose test equipment and mechanical test equipment.

• The market established on service includes calibration, repair/after-sales, and other services.

• The market established on application covers the automotive, aerospace and defense, semiconductor and electronics, IT and telecommunications, education and government, healthcare, and industrial applications.

• The geographic review is done with regard to 4 main regions-North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe. Rest of the world comprises South America region, and the Middle East (ME) and African continent.

Why Purchasing This Study Can Help You:

From an insight prospect, this market research is mostly focused on several levels of study, market ranking review of top actors, and value chain study. This industry report also offers the corporation reviews, which present the basic overviews on the competitive landscape, coming out and high-growth segments of the studied market, high-growth areas, and market dynamics including drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on different types of equipment/products and services provided by the top actors in the global test and measurement equipment market.

• Product development/innovative products: Detailed insights regarding research and growth activities, emerging technologies, and launches of new product in the test and measurement equipment market.

• Market development: Highlighted information about lucrative emerging markets-the report examines the industries for test and measurement equipment across localities.

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the global test and measurement equipment market.

• opposing assessment: In-depth assessment of market ranking review, strategies, products, and manufacturing competences of the key players in the test and measurement equipment market.

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