Asia Pacific (APAC) - Test and Measurement Equipment Market by Product and End-user - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 181 SKU: IRTNTR73114

Asia Pacific (APAC) Test and Measurement Equipment Market Forecast 2023-2027

The Asia Pacific (APAC) Test and Measurement Equipment Market size is forecast to increase by USD 2.56 billion at a CAGR of 5.27% between 2022  and 2027. The market growth is subject to various factors, including the expansion of telecommunication networks, increased research and development investments in the Asia-Pacific region, and the growth of the automotive, aerospace, and defense industries. This report on market research and growth delves into a thorough analysis of the current market scenario, along with examining the historic data from 2017 to 2021. The report provides an in-depth understanding of the market trends, challenges, and opportunities, which can help businesses make informed decisions to achieve sustainable growth.

What will be the size of the APAC Test And Measurement Equipment Market During the Forecast Period?

Market Forecast 2023-2027

To learn more about this report,  Request Free Sample

The market is influenced by various factors such as compliance with industry standards and regulations, particularly in emerging economies. Research and Development (R&D) efforts drive product development, while preventive and predictive maintenance are essential for equipment longevity. Despite the high initial cost and technological complexity, economic downturns and regulatory challenges pose additional hurdles. The absence of skilled labor and the rapid technical obsolescence of equipment further impact the market. General-purpose test equipment like oscilloscopes play a crucial role in addressing these challenges and driving innovation in the region.

Market Dynamics

The market is driven by the growing adoption of IoT, AI, and electronic devices across various industries. It supports the semiconductor production, telecommunications, and consumer electronics sectors by ensuring quality assurance and compliance with industry standards and regulations. Emerging economies in the region invest heavily in research and development, fostering product development and innovation. While preventive and predictive maintenance solutions address concerns like high initial costs and technological complexity, challenges persist due to economic downturns, regulatory hurdles, and the absence of skilled labor. Specialized equipment like Automated Testing Tools and Oscilloscopes cater to the region's diverse technological needs. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.    

Key Market Driver - Expansion of telecommunication networks

The largest end-user of test and measurement equipment is the communication industry. It is of critical significance for telecommunication service providers, mobile device manufacturers, and network equipment manufacturers to offer their customers high-quality and high-performing services and products.  There has been an ongoing expansion of 4G networks in the region and it is expected that 4G networks will be available to 69% of the population in the region by 2025. 

Consequently, from developing countries such as China, India, Indonesia, and Vietnam, the primary demand for the deployment of new 4G networks is anticipated to expand. Such factors are expected to drive the demand for the market equipment. These factors will drive the growth of the market during the forecast period.

Significant Market Trends-Growing popularity of modular test and measurement equipment

The demand is driven by the advancements in electronics and test and measurement technology, which helps end-users increase the service life of T&M equipment while lowering repair and maintenance costs and enhancing operational efficiency in the industry. The adoption of high-complexity electronics and devices and the requirement to lower the cost of testing are anticipated to expand the growth in demand for modular test and measurement equipment for instrumentation.

However, the demand for market equipment is presently driven by manufacturing industries. Here equipment replacement plays a significant role owing to process downtime constraints and operational efficiency, the demand is anticipated to experience growth in the research and development and field testing settings which will positively influence the growth of the market during the forecast period.

Major Market Challenge- Competition between existing test and measurement equipment vendors

The major challenge in the industry is the competition between test and measurement equipment manufacturers.  The profit margins of individual vendors in the market depend on their ability to minimize manufacturing costs, maintain continuous order book and production, and provide cyclic product innovation, which can contribute to greater sales. In such cases, most large companies can achieve substantial profit margins owing to the large economies of scale in component and material sourcing, production, and global distribution. Smaller companies may find it difficult to maintain profitable operations in such a competitive environment.

Moreover, some of the smaller companies continue to compete in the market by supplying specialized test and measurement equipment for niche end-user industries or through the development of customized, high-quality products. These factors are expected to present a significant challenge for the market vendors. Such factors will negatively impact the growth of the market in APAC during the forecast period.

Market Segmentation

This report extensively covers market segmentation by product (GPTE, ATE, WTE, calibration, and others) and end-user (electronics, communication, general industry, A and D, and others). It also includes an in-depth analysis of drivers, trends, and challenges. In the product segment of the market, there's a significant emphasis on cutting-edge technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI). These advancements drive the development of innovative electronic devices and consumer electronics, which are essential components of the region's booming tech industry. Telecommunications companies heavily rely on test and measurement equipment to ensure the reliability and efficiency of their networks. Automated Testing Tools (ATE) play a crucial role in streamlining testing processes, enhancing productivity, and reducing time-to-market for telecommunications products and services. Moreover, in semiconductor production, precise and accurate test and measurement equipment are indispensable for maintaining high standards of quality assurance. As the semiconductor industry continues to expand rapidly in APAC, the demand for these solutions is expected to soar. Overall, the market caters to various industries, providing essential tools for quality assurance, product testing, and technological advancement across the region's dynamic electronics and telecommunications sectors.

By Product

The GPTE segment will account for a major share of the market's growth during the forecast period. This segment includes different test and measurement equipment such as oscilloscopes, multimeters, arbitrary waveform generators, power meters, electronic counters, and power quality analyzers. Sectors such as communications, aerospace and defence, mechanical engineering, electronics, and power use this equipment to test their design prototypes and finished products, also to check conformity with the required specifications and ascertain whether the devices fulfil the intended purpose.

Get a Customised Report as per your requirements for FREE!

The GPTE segment was valued at USD 2,63 billion in 2017. The demand from the automotive, aerospace, and defense industries is expected to increase which can expand the APAC - test and measurement equipment market possibilities. Automotive production in India, including commercial and passenger vehicles, increased by 30% in 2021 compared to 2020. Similarly, in China, automotive production in 2021 increased by 3% compared to 2020. Growing automotive production needs substantial investments in new manufacturing facilities, which will boost the growth of the test and measurement equipment market in the region through the GPTE segment during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Advantest Corp.- The company offers test and measurement equipment such as V93000, EVA100 and AirLogger. 

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Bruker Corp., Cohu Inc., EXFO Inc., Fortive Corp., Hitachi Ltd., HORIBA Ltd., Keysight Technologies Inc., National Instruments Corp., NetScout Systems Inc., Oxford Instruments plc, Renishaw Plc, Rohde and Schwarz GmbH and Co. KG, Spirent Communications plc, Teradyne Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., and Yokogawa Electric Corp. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

The market is experiencing robust growth driven by the rapid adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technologies across various industries. With the proliferation of electronic devices and consumer electronics, telecommunications companies are investing heavily in Automated Testing Tools (ATE) to ensure quality assurance and compliance with industry standards and regulations. Emerging economies in the region are witnessing increased research and development (R&D) activities and product development initiatives, focusing on preventive maintenance and predictive maintenance strategies. Despite facing challenges such as high initial cost, technological complexity, and regulatory hurdles, the market continues to thrive, addressing the absence of skilled labor and overcoming rapid technical obsolescence with innovative solutions and general-purpose test equipment. In the market, economic downturns and regulatory challenges pose obstacles, yet specialized tools like vibration meters are vital for ensuring quality and safety in critical sectors such as aerospace, semiconductors, helicopters, and airplanes, supported by essential services like calibration and repair/after-sales services.

The market is witnessing rapid growth fueled by technological developments and increasing demand from various industries such as semiconductor production, aerospace, automotive, and healthcare. With the rise of condition monitoring and the need to address flaws in critical systems, signal generators, mechanical test equipment, force gauges, and torque meters play crucial roles in ensuring quality and reliability. Additionally, application-specific test equipment and integrated circuit (IC) testers are essential for electronics production and semiconductor testing. Environmental test chambers are indispensable for testing products in extreme conditions, while calibration, repair, and rental services cater to diverse industry needs. As the market evolves, advancements in wireless device testers and remote sensor connections further enhance efficiency and accuracy in industrial solutions and factory automation, supporting sectors like machine control and healthcare.

Segment Overview

The market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook 
    • GPTE
    • ATE
    • WTE
    • Calibration
    • Others
  • End-user Outlook 
    • Electronics
    • Communication
    • General Industry
    • A and D
    • Others

Market Scope

Report Coverage

Details

Page number

181

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.27%

Market growth 2023-2027

USD 2.56 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.03

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Bruker Corp., Cohu Inc., EXFO Inc., Fortive Corp., Hitachi Ltd., HORIBA Ltd., Keysight Technologies Inc., National Instruments Corp., NetScout Systems Inc., Oxford Instruments plc, Renishaw Plc, Rohde and Schwarz GmbH and Co. KG, Spirent Communications plc, Teradyne Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Market growth analysis across APAC
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Market forecasting of factors that will challenge the key market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on APAC: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)

    4 Historic Market Size

    • 4.1 Test and measurement equipment market in APAC 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on test and measurement equipment market in APAC 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 End User Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End User Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 29: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 30: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 31: Chart on Comparison by Product
      • Exhibit 32: Data Table on Comparison by Product
    • 6.3 GPTE - Market size and forecast 2022-2027
      • Exhibit 33: Chart on GPTE - Market size and forecast 2022-2027 ($ million)
      • Exhibit 34: Data Table on GPTE - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Chart on GPTE - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on GPTE - Year-over-year growth 2022-2027 (%)
    • 6.4 ATE - Market size and forecast 2022-2027
      • Exhibit 37: Chart on ATE - Market size and forecast 2022-2027 ($ million)
      • Exhibit 38: Data Table on ATE - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Chart on ATE - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on ATE - Year-over-year growth 2022-2027 (%)
    • 6.5 WTE - Market size and forecast 2022-2027
      • Exhibit 41: Chart on WTE - Market size and forecast 2022-2027 ($ million)
      • Exhibit 42: Data Table on WTE - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Chart on WTE - Year-over-year growth 2022-2027 (%)
      • Exhibit 44: Data Table on WTE - Year-over-year growth 2022-2027 (%)
    • 6.6 Calibration - Market size and forecast 2022-2027
      • Exhibit 45: Chart on Calibration - Market size and forecast 2022-2027 ($ million)
      • Exhibit 46: Data Table on Calibration - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Chart on Calibration - Year-over-year growth 2022-2027 (%)
      • Exhibit 48: Data Table on Calibration - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 49: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 52: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 53: Market opportunity by Product ($ million)
      • Exhibit 54: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 57: Chart on Comparison by End-user
      • Exhibit 58: Data Table on Comparison by End-user
    • 7.3 Electronics - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Electronics - Year-over-year growth 2022-2027 (%)
    • 7.4 Communication - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Communication - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Communication - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Communication - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Communication - Year-over-year growth 2022-2027 (%)
    • 7.5 General industry - Market size and forecast 2022-2027
      • Exhibit 67: Chart on General industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on General industry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on General industry - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on General industry - Year-over-year growth 2022-2027 (%)
    • 7.6 A and D - Market size and forecast 2022-2027
      • Exhibit 71: Chart on A and D - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on A and D - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on A and D - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on A and D - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 79: Market opportunity by End-user ($ million)
      • Exhibit 80: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 81: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 82: Chart on Market share by geography - 2022-2027 (%)
      • Exhibit 83: Data Table on Market share by geography - 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 84: Chart on Geographic comparison
      • Exhibit 85: Data Table on Geographic comparison
    • 9.3 Japan - Market size and forecast 2022-2027
      • Exhibit 86: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.4 South Korea - Market size and forecast 2022-2027
      • Exhibit 90: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 93: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.5 China - Market size and forecast 2022-2027
      • Exhibit 94: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 97: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.6 Taiwan - Market size and forecast 2022-2027
      • Exhibit 98: Chart on Taiwan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Data Table on Taiwan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
      • Exhibit 101: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)
    • 9.7 Rest of APAC - Market size and forecast 2022-2027
      • Exhibit 102: Chart on Rest of APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Data Table on Rest of APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Chart on Rest of APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 105: Data Table on Rest of APAC - Year-over-year growth 2022-2027 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 106: Market opportunity by geography ($ million)
      • Exhibit 107: Data Table on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 108: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 109: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 110: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 111: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 112: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 113: Matrix on vendor position and classification
            • 12.3 Advantest Corp.
              • Exhibit 114: Advantest Corp. - Overview
              • Exhibit 115: Advantest Corp. - Business segments
              • Exhibit 116: Advantest Corp. - Key offerings
              • Exhibit 117: Advantest Corp. - Segment focus
            • 12.4 Agilent Technologies Inc.
              • Exhibit 118: Agilent Technologies Inc. - Overview
              • Exhibit 119: Agilent Technologies Inc. - Business segments
              • Exhibit 120: Agilent Technologies Inc. - Key offerings
              • Exhibit 121: Agilent Technologies Inc. - Segment focus
            • 12.5 Anritsu Corp.
              • Exhibit 122: Anritsu Corp. - Overview
              • Exhibit 123: Anritsu Corp. - Business segments
              • Exhibit 124: Anritsu Corp. - Key news
              • Exhibit 125: Anritsu Corp. - Key offerings
              • Exhibit 126: Anritsu Corp. - Segment focus
            • 12.6 Bruker Corp.
              • Exhibit 127: Bruker Corp. - Overview
              • Exhibit 128: Bruker Corp. - Business segments
              • Exhibit 129: Bruker Corp. - Key news
              • Exhibit 130: Bruker Corp. - Key offerings
              • Exhibit 131: Bruker Corp. - Segment focus
            • 12.7 Cohu Inc.
              • Exhibit 132: Cohu Inc. - Overview
              • Exhibit 133: Cohu Inc. - Product / Service
              • Exhibit 134: Cohu Inc. - Key offerings
            • 12.8 EXFO Inc.
              • Exhibit 135: EXFO Inc. - Overview
              • Exhibit 136: EXFO Inc. - Product / Service
              • Exhibit 137: EXFO Inc. - Key offerings
            • 12.9 Fortive Corp.
              • Exhibit 138: Fortive Corp. - Overview
              • Exhibit 139: Fortive Corp. - Business segments
              • Exhibit 140: Fortive Corp. - Key news
              • Exhibit 141: Fortive Corp. - Key offerings
              • Exhibit 142: Fortive Corp. - Segment focus
            • 12.10 Hitachi Ltd.
              • Exhibit 143: Hitachi Ltd. - Overview
              • Exhibit 144: Hitachi Ltd. - Business segments
              • Exhibit 145: Hitachi Ltd. - Key news
              • Exhibit 146: Hitachi Ltd. - Key offerings
              • Exhibit 147: Hitachi Ltd. - Segment focus
            • 12.11 HORIBA Ltd.
              • Exhibit 148: HORIBA Ltd. - Overview
              • Exhibit 149: HORIBA Ltd. - Business segments
              • Exhibit 150: HORIBA Ltd. - Key offerings
              • Exhibit 151: HORIBA Ltd. - Segment focus
            • 12.12 Keysight Technologies Inc.
              • Exhibit 152: Keysight Technologies Inc. - Overview
              • Exhibit 153: Keysight Technologies Inc. - Business segments
              • Exhibit 154: Keysight Technologies Inc. - Key news
              • Exhibit 155: Keysight Technologies Inc. - Key offerings
              • Exhibit 156: Keysight Technologies Inc. - Segment focus
            • 12.13 National Instruments Corp.
              • Exhibit 157: National Instruments Corp. - Overview
              • Exhibit 158: National Instruments Corp. - Product / Service
              • Exhibit 159: National Instruments Corp. - Key news
              • Exhibit 160: National Instruments Corp. - Key offerings
            • 12.14 NetScout Systems Inc.
              • Exhibit 161: NetScout Systems Inc. - Overview
              • Exhibit 162: NetScout Systems Inc. - Product / Service
              • Exhibit 163: NetScout Systems Inc. - Key offerings
            • 12.15 Oxford Instruments plc
              • Exhibit 164: Oxford Instruments plc - Overview
              • Exhibit 165: Oxford Instruments plc - Business segments
              • Exhibit 166: Oxford Instruments plc - Key offerings
              • Exhibit 167: Oxford Instruments plc - Segment focus
            • 12.16 Renishaw Plc
              • Exhibit 168: Renishaw Plc - Overview
              • Exhibit 169: Renishaw Plc - Business segments
              • Exhibit 170: Renishaw Plc - Key offerings
              • Exhibit 171: Renishaw Plc - Segment focus
            • 12.17 Yokogawa Electric Corp.
              • Exhibit 172: Yokogawa Electric Corp. - Overview
              • Exhibit 173: Yokogawa Electric Corp. - Business segments
              • Exhibit 174: Yokogawa Electric Corp. - Key offerings
              • Exhibit 175: Yokogawa Electric Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              test and measurement equipment market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis