試験測定機器市場 – 2029年までの世界予測

Test and Measurement Equipment Market - Global Forecast To 2029

試験測定機器市場 - 自動テスト装置、スペクトラム・アナライザ、オシロスコープ、BERT、モジュラー計測器、NDT装置、マシンビジョン検査システム、マシン状態監視システム - 2029年までの世界予測
Test and Measurement Equipment Market by Automated Test Equipment, Spectrum Analyzers, Oscilloscopes, BERT, Modular Instruments, NDT Equipment, Machine Vision Inspection Systems and Machine Condition Monitoring System - Global Forecast to 2029
出版社MarketsandMarkets
出版年月2024年8月
ページ数255
図表数250
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The test and measurement equipment market is expected to reach USD 47.01 billion by 2029 from USD 38.91 billion in 2024, at a CAGR of 3.9% during the 2024-2029 period.

試験測定機器市場は、2024年の389億1,000万米ドルから2029年までに470億1,000万米ドルに達し、2024年から2029年までのCAGRは3.9%になると予想されています。

Telecommunication and Internet are the primary structures of any economy, and technological changes in these industries affect numerous markets. Wireless technologies are also on demand due to factors like the emergence of smart devices, mobility factors and the mobile data traffic factor.

試験測定機器市場 - 2029年までの世界予測
Test and Measurement Equipment Market – Global Forecast To 2029

To ensure the seamless operation of advanced technology, network and associated components including headsets and connectors through testing is necessary. This require a range of test and measurement equipment including signal generator, logic analyzer, network analyzer and many others. The speedy growth of networking and communications technologies has brought accelerated demand of equipment analyzers for programs like spectrum evaluation, antenna evaluation, base station trying, radio parameter verification, antenna alignment, interference detection, line-of-sight verification, and interference hunting.

試験測定機器市場 - 2029年までの世界予測 12
Test and Measurement Equipment Market

“Incorporation of test automation and robotics is driving the market”

Integration/ incorporation of test automation and robotics into test and calibration systems is becoming more common, greatly increasing productivity, repeatability and versatility in production and lab environments

Robot-assisted testing is especially valuable in high-volume product testing, where rapid and accurate analysis is required. By integrating robotic systems into assembly lines, manufacturers can streamline operations, reduce downtime, and ensure consistent quality. This system can perform complex tasks such as component placement, alignment and inspection with accuracy and speed, making it ideal for quality control applications

Experimental laboratory systems use robots to manage repetitive, labor-intensive tasks, releasing skilled workers to focus on more complex research tasks. This helps to improve the efficiency of testing process also enhance the accuracy and reliability of the result. Additionally, the information collected by using these automatic systems may be effortlessly fed into digital databases for real-time evaluation and reporting, allowing higher selection-making and progressed response time.

試験測定機器市場 - 2029年までの世界予測 ecosystem
Test and Measurement Equipment Market – ecosystem

The integration of test automation and robotics additionally facilitates the deployment of industry 4.0 initiatives, where smart production and interconnected systems are essential.  By adopting those superior technologies, agencies can attain extra operational agility, lessen expenses, and maintain a competitive facet in the marketplace. As the call for incredible and reliable products maintains to develop, the function of check automation and robotics in making sure product excellence becomes more and more essential.

“General-purpose test equipment projected to have the highest market share during the forecast period.”

General Purpose Test Equipment (GPTE) are equipment that are used for measuring different electronic parameters including voltage, frequency, and power, etc. Some of the examples of GPTE include oscilloscope, signal generator, digital multimeter, logic analyzer, spectrum analyzer and network analyzer etc. As the demand rises for small, flexible and efficient test and measurement equipment the companies started focusing on developing single equipment with multiple functionality.

Advancements of the test and measurement technology has introduced equipment that provide high bandwidth, accuracy, and resolution in comparison with conventional equipment of testing. These equipment are used in different applications such as IT & telecommunications, healthcare, automotive and industrial applications.

The break-up of the profile of primary participants in the test and measurement equipment market-

  • By Company Type: Tier 1 – 30%, Tier 2 – 50%, Tier 3 – 20%
  • By Designation Type: C Level – 25%, Director Level – 35%, Others – 40%
  • By Region Type: Asia Pacific – 25%, North America –35 %, Europe– 30%, RoW – 10%,
試験測定機器市場 - 2029年までの世界予測 region
Test and Measurement Equipment Market – region

The major players in the test and measurement equipment market are Keysight Technologies (US), Fortive (US), AMETEK.Inc. (US), Rohde & Schwarz (Germany), NATIONAL INSTRUMENTS CORP. (US), Teledyne Technologies (US), VIAVI Solutions Inc. (US), Anritsu (Japan), Yokogawa Electric Corporation (Japan), Advantest Corporation (Japan), EXFO Inc. (Canada), Fujian Lilliput Optoelectronics Technology Co., Ltd (OWON) (China), IKM Instrutek (Norway), Uni-Trend Technology (China) Co., Ltd. (China), Particle Measuring Systems is a Spectris Company (US), Mextech Technologies India Private Limited (India), RIGOL TECHNOLOGIES, Co. LTD. (China), Good Will Instrument Co., Ltd. (Taiwan), ADLINK Technology Inc. (Taiwan), Leader Electronics Corporation (Japan), Crystal Instruments Corporation (US), Astronics Corporation (US), Vaunix Technology Corporation (US), DS Instruments (US), Saluki Technology (Taiwan), and Insplorion (Sweden).

Research Coverage

The report segments the test and measurement equipment market and forecasts its size based and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Reasons to buy the report:

The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall test and measurement equipment market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of key drivers (Incorporation of test automation and robotics is driving the market), restraints (Elevated installation and ownership costs and need for skilled professionals), opportunities (Growing emphasis on environmental and electromagnetic compatibility (EMC) testing), and challenges (Challenges in adapting test equipment to rapid technological advancements)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the test and measurement equipment market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the test and measurement equipment market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the test and measurement equipment market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Keysight Technologies (US), Fortive (US), AMETEK.Inc. (US), Rohde & Schwarz (Germany), and NATIONAL INSTRUMENTS CORP. (US)

Table of Contents

1               INTRODUCTION        24

1.1            STUDY OBJECTIVES 24

1.2            MARKET DEFINITION                25

1.3            STUDY SCOPE          26

1.3.1        MARKETS COVERED AND REGIONAL SCOPE           26

1.3.2        INCLUSIONS AND EXCLUSIONS               27

1.3.3        YEARS CONSIDERED                27

1.4            CURRENCY CONSIDERED        28

1.5            UNIT CONSIDERED  28

1.6            LIMITATIONS            28

1.7            STAKEHOLDERS      28

1.8            SUMMARY OF CHANGES         29

2               RESEARCH METHODOLOGY    30

2.1            RESEARCH DATA     30

2.1.1        SECONDARY DATA   31

2.1.1.1     Key data from secondary sources           32

2.1.1.2     Key secondary sources            32

2.1.2        PRIMARY DATA         32

2.1.2.1     Key data from primary sources                33

2.1.2.2     Key participants in primary interviews    34

2.1.2.3     Key industry insights                34

2.1.3        SECONDARY AND PRIMARY RESEARCH  35

2.2            MARKET SIZE ESTIMATION      35

2.2.1        BOTTOM-UP APPROACH          38

2.2.1.1     Approach to arrive at market size using bottom-up analysis

(demand side)          38

2.2.2        TOP-DOWN APPROACH            39

2.2.2.1     Approach to arrive at market size using top-down analysis

(supply side)             39

2.3            MARKET SHARE ESTIMATION 40

2.4            DATA TRIANGULATION              41

2.5            RISK ASSESSMENT 42

2.6            RESEARCH ASSUMPTIONS AND LIMITATIONS        43

2.6.1        RESEARCH ASSUMPTIONS     43

2.6.2        RESEARCH LIMITATIONS         43

3               EXECUTIVE SUMMARY             44

4               PREMIUM INSIGHTS                 48

4.1            ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TEST AND MEASUREMENT

EQUIPMENT MARKET               48

4.2            TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE   49

4.3            TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL             49

4.4            TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION                50

4.5            TEST AND MEASUREMENT EQUIPMENT MARKET IN ASIA PACIFIC,

BY PRODUCT TYPE AND COUNTRY          51

5               MARKET OVERVIEW 52

5.1            INTRODUCTION        52

5.2            TEST AND MEASUREMENT MARKET DYNAMICS    52

5.2.1        DRIVERS  53

5.2.1.1     Integration of AI and ML into test and measurement equipment           53

5.2.1.2     Stringent government regulations for product safety and environmental protection                  53

5.2.1.3     Rapid expansion of advanced networking and

communication technologies 54

5.2.1.4     Implementation of automation and robotics into test and measurement processes                  54

5.2.1.5     Inclination toward portable and field-deployable test instruments         55

5.2.2        RESTRAINTS             56

5.2.2.1     High installation and ownership costs and need for

skilled professionals                56

5.2.2.2     Increasing utilization of test and measurement equipment

on rental basis         57

5.2.3        OPPORTUNITIES      58

5.2.3.1     Growing emphasis on environmental and EMC testing           58

5.2.3.2     Deployment of 5G and proliferation of high-speed data interfaces        59

5.2.4        CHALLENGES           60

5.2.4.1     Keeping pace with rapid technological advancements and managing technology obsolescence          60

5.2.4.2     Complexity, calibration, and irregularity in antenna arrays     60

5.3            VALUE CHAIN ANALYSIS           62

5.4            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS  63

5.5            ECOSYSTEM ANALYSIS            64

5.6            INVESTMENT AND FUNDING SCENARIO 66

5.7            TECHNOLOGY ANALYSIS          66

5.7.1        KEY TECHNOLOGIES                66

5.7.1.1     IoT-based testing tools             66

5.7.2        COMPLEMENTARY TECHNOLOGIES        67

5.7.2.1     Cloud-based testing platforms                 67

5.7.3        ADJACENT TECHNOLOGIES     67

5.7.3.1     Robotics and automation systems          67

5.8            PATENT ANALYSIS   68

5.9            TRADE ANALYSIS     70

5.9.1        IMPORT SCENARIO (HS CODE 9030)      70

5.9.2        EXPORT SCENARIO (HS CODE 9030)      71

5.10         PORTER’S FIVE FORCES ANALYSIS          72

5.10.1      THREAT OF NEW ENTRANTS   73

5.10.2      THREAT OF SUBSTITUTES        73

5.10.3      BARGAINING POWER OF SUPPLIERS      73

5.10.4      BARGAINING POWER OF BUYERS            73

5.10.5      INTENSITY OF COMPETITIVE RIVALRY     74

5.11         KEY STAKEHOLDERS AND BUYING CRITERIA          74

5.11.1      KEY STAKEHOLDERS IN BUYING PROCESS             74

5.11.2      BUYING CRITERIA    75

5.12         PRICING ANALYSIS  75

5.12.1      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY GENERAL-PURPOSE TEST EQUIPMENT TYPE    76

5.12.2      AVERAGE SELLING PRICE TREND OF OSCILLOSCOPES, BY REGION      77

5.13         CASE STUDY ANALYSIS            78

5.13.1      VODAFONE ENHANCES 5G USER EXPERIENCE WITH KEYSIGHT’S NETWORK VISIBILITY SOLUTIONS              78

5.13.2      SSIR STREAMLINES 5G WORKFLOW WITH KEYSIGHT’S S-FTL SOLUTION              78

5.13.3      EMITECH ADOPTS ROHDE & SCHWARZ’S T&M SOLUTIONS TO TEST ADAS SOLUTIONS AND ENSURE COMPLIANCE WITH STANDARDS               79

5.14         TARIFF AND REGULATORY LANDSCAPE  79

5.14.1      TARIFF ANALYSIS    79

5.14.2      REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 80

5.15         KEY CONFERENCES AND EVENTS, 2024–2025    81

5.16         IMPACT OF GEN AI/AI ON TEST AND MEASUREMENT EQUIPMENT MARKET          82

5.16.1      INTRODUCTION        82

5.16.2      CASE STUDIES         84

5.16.2.1  LNE and Inria’s strategic initiative in AI evaluation 84

5.16.2.2  AI-driven predictive maintenance enhances efficiency at

BMW Group’s Regensburg plant              84

5.16.3      ADJACENT ECOSYSTEM WORKING ON GEN AI        85

6               TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE   86

6.1            INTRODUCTION        87

6.2            GENERAL-PURPOSE TEST EQUIPMENT   90

6.2.1        OSCILLOSCOPES     94

6.2.1.1     Increasing demand for miniature electronic devices to

fuel market growth  94

6.2.2        SIGNAL GENERATORS              95

6.2.2.1     Ability to generate diverse, precise, and stable signals to

boost demand          95

6.2.3        MULTIMETERS         96

6.2.3.1     Portability and versatility to boost adoption in fields and testing labs    96

6.2.4        LOGIC ANALYZERS  96

6.2.4.1     Comprehensive use in troubleshooting digital circuits and communication systems to foster market growth                96

6.2.5        SPECTRUM ANALYZERS           97

6.2.5.1     Ability to provide detailed insights into frequency content, power, and modulation of signals to accelerate demand 97

6.2.6        BERT SOLUTIONS    98

6.2.6.1     Pressing need to make informed choices about product development, process improvements, and resource allocation to stimulate demand                98

6.2.7        NETWORK ANALYZERS            98

6.2.7.1     Strong focus on improving reliability and efficiency of electronic networks to contribute to market growth         98

6.2.8        POWER METERS      99

6.2.8.1     Increasing adoption to test output power in IT & telecommunications sector to fuel segmental growth    99

6.2.9        ELECTRONIC COUNTERS         100

6.2.9.1     Ability to handle complex counting, positioning, and measurement tasks to accelerate demand   100

6.2.10      MODULAR INSTRUMENTS       100

6.2.10.1  Increasing technology convergence and device complexity to stimulate demand 100

6.2.11      AUTOMATED TEST EQUIPMENT                101

6.2.11.1  Rising focus on shortening manufacturing time and reducing product recall rate to augment demand    101

6.2.12      POWER SUPPLIES   101

6.2.12.1  Elevating demand for precise load control system framework to support market growth                  101

6.3            MECHANICAL TEST EQUIPMENT              102

6.3.1        NON-DESTRUCTIVE TEST EQUIPMENT    104

6.3.1.1     Significant focus of manufacturing firms on enhancing brand reputation to create opportunities           104

6.3.2        MACHINE VISION INSPECTION SYSTEMS                105

6.3.2.1     Escalating demand for quality inspection and automation to fuel segmental growth                  105

6.3.3        MACHINE CONDITION MONITORING SYSTEMS       106

6.3.3.1     Transition from preventive to predictive maintenance approach to contribute to market growth      106

7               TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE     107

7.1            INTRODUCTION        108

7.2            CALIBRATION SERVICES          111

7.2.1        NEED TO ALIGN ACTUAL PERFORMANCE WITH STANDARD BENCHMARKS TO DRIVE SEGMENTAL GROWTH             111

7.3            REPAIR/AFTER-SALES SERVICES             113

7.3.1        REQUIREMENT TO MAINTAIN PRODUCT QUALITY TO BOOST

SEGMENTAL GROWTH             113

7.4            OTHER SERVICES    114

7.4.1        ASSET MANAGEMENT              114

7.4.2        CONSULTING & TRAINING        114

7.4.3        CLIMATIC PRODUCT TESTING 114

7.4.4        ENVIRONMENTAL PRODUCT TESTING     115

7.4.5        SHOCK TESTING      115

7.4.6        EXTENDED WARRANTY/GUARANTEE SERVICES     116

8               TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL             117

8.1            INTRODUCTION        118

8.2            AUTOMOTIVE & TRANSPORTATION          119

8.2.1        INTEGRATION OF ADVANCED ELECTRONIC SYSTEMS IN VEHICLES TO

DRIVE MARKET        119

8.3            AEROSPACE & DEFENSE         122

8.3.1        GROWING FOCUS ON AIR TRAFFIC CONTROL TO BOOST DEMAND         122

8.4            IT & TELECOMMUNICATIONS  124

8.4.1        RISING ADOPTION OF WIRELESS TECHNOLOGIES TO CONTRIBUTE

TO MARKET GROWTH               124

8.5            EDUCATION & GOVERNMENT 126

8.5.1        INCREASING FOCUS ON PRACTICAL EDUCATION AND SMART CITY INITIATIVES TO ACCELERATE DEMAND             126

8.6            ELECTRONICS & SEMICONDUCTOR        128

8.6.1        PROLIFERATION OF SMART DEVICES TO FUEL MARKET GROWTH         128

8.7            INDUSTRIAL              131

8.7.1        SIGNIFICANT FOCUS ON REDUCING RISK OF COSTLY RECALLS

TO SPIKE DEMAND 131

8.8            HEALTHCARE            133

8.8.1        ELEVATING DEMAND FOR HIGHLY ACCURATE AND RELIABLE MEDICAL DEVICES TO DRIVE MARKET  133

9               TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION                136

9.1            INTRODUCTION        137

9.2            NORTH AMERICA     138

9.2.1        MACROECONOMIC OUTLOOK FOR NORTH AMERICA               141

9.2.2        US             141

9.2.2.1     Rising adoption by IT & telecom and aerospace & defense companies to fuel market growth      141

9.2.3        CANADA   143

9.2.3.1     Extensive manufacturing base to create opportunities           143

9.2.4        MEXICO   143

9.2.4.1     Escalating demand for automobiles and electronic products to

drive market            143

9.3            EUROPE   144

9.3.1        MACROECONOMIC OUTLOOK FOR EUROPE            147

9.3.2        GERMANY                 148

9.3.2.1     Government initiatives boosting EV purchases to support

market growth         148

9.3.3        UK            148

9.3.3.1     Rising adoption for testing hybrid and electric vehicle parts

to drive market        148

9.3.4        FRANCE   149

9.3.4.1     Growing production of high-tech aircraft and components to accelerate demand 149

9.3.5        ITALY        149

9.3.5.1     Presence of several test and measurement equipment manufacturers to contribute to market growth         149

9.3.6        SPAIN       150

9.3.6.1     Government’s aim to achieve leading position in microelectronics market to spur demand                  150

9.3.7        NETHERLANDS        150

9.3.7.1     Robust presence of semiconductor industry and RF power technology providers to foster market growth         150

9.3.8        REST OF EUROPE    151

9.4            ASIA PACIFIC            151

9.4.1        MACROECONOMIC OUTLOOK FOR ASIA PACIFIC    154

9.4.2        CHINA      155

9.4.2.1     Government-led subsidy and R&D initiatives supporting semiconductor companies to support market growth            155

9.4.3        JAPAN      155

9.4.3.1     Surging demand for consumer goods, medical devices, and telecom solutions to drive market     155

9.4.4        INDIA        156

9.4.4.1     Government focus on enhancing semiconductor supply chain resiliency and diversity to support market growth            156

9.4.5        SOUTH KOREA         156

9.4.5.1     Rising requirement from electronics and semiconductor manufacturers to drive market                  156

9.4.6        AUSTRALIA                157

9.4.6.1     Evolving standards for next-generation telecommunications equipment to fuel market growth      157

9.4.7        SINGAPORE              157

9.4.7.1     Increasing emphasis on manufacturing quality products to

boost demand          157

9.4.8        REST OF ASIA PACIFIC              157

9.5            ROW         158

9.5.1        MACROECONOMIC OUTLOOK FOR ROW 160

9.5.2        SOUTH AMERICA      160

9.5.2.1     Brazil        161

9.5.2.1.1 Expanding semiconductor industry to boost demand              161

9.5.2.2     Argentina 162

9.5.2.2.1 Increasing deployment of wireless communication technologies to propel market                  162

9.5.2.3     Rest of South America             162

9.5.3        AFRICA     162

9.5.3.1     Focus on infrastructure development with increasing urbanization to support market growth      162

9.5.4        MIDDLE EAST           163

9.5.4.1     Increasing demand for wireless testing solutions and presence of test and equipment providers to contribute to market growth                 163

9.5.4.2     GCC countries          163

9.5.4.3     Rest of Middle East 164

10             COMPETITIVE LANDSCAPE      165

10.1         OVERVIEW                165

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023–2024         165

10.3         REVENUE ANALYSIS, 2019–2023          167

10.4         MARKET SHARE ANALYSIS, 2023            167

10.5         COMPANY VALUATION AND FINANCIAL METRICS   170

10.6         BRAND/PRODUCT COMPARISON            171

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023            172

10.7.1      STARS      172

10.7.2      EMERGING LEADERS               172

10.7.3      PERVASIVE PLAYERS                172

10.7.4      PARTICIPANTS         172

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023          174

10.7.5.1  Company footprint  174

10.7.5.2  Product type footprint              175

10.7.5.3  Service type footprint               176

10.7.5.4  Vertical footprint      177

10.7.5.5  Region footprint       178

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023     179

10.8.1      PROGRESSIVE COMPANIES    179

10.8.2      RESPONSIVE COMPANIES       179

10.8.3      DYNAMIC COMPANIES             179

10.8.4      STARTING BLOCKS 179

10.8.5      COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023     181

10.8.5.1  Detailed list of startups/SMEs                 181

10.8.5.2  Competitive benchmarking of key startups/SMEs 181

10.9         COMPETITIVE SCENARIO         182

10.9.1      PRODUCT LAUNCHES/DEVELOPMENTS 182

10.9.2      DEALS      186

11             COMPANY PROFILES                188

11.1         INTRODUCTION        188

11.2         KEY PLAYERS           188

11.2.1      KEYSIGHT TECHNOLOGIES     188

11.2.1.1  Business overview  188

11.2.1.2  Products/Solutions/Services offered     190

11.2.1.3  Recent developments              192

11.2.1.3.1                Product launches/Developments            192

11.2.1.3.2                Deals       193

11.2.1.4  MnM view                 193

11.2.1.4.1                Key strengths/Right to win      193

11.2.1.4.2                Strategic choices     194

11.2.1.4.3                Weaknesses/Competitive threats           194

11.2.2      FORTIVE   195

11.2.2.1  Business overview  195

11.2.2.2  Products/Solutions/Services offered     196

11.2.2.3  Recent developments              198

11.2.2.3.1                Deals       198

11.2.2.4  MnM view                 198

11.2.2.4.1                Key strengths/Right to win      198

11.2.2.4.2                Strategic choices     198

11.2.2.4.3                Weaknesses/Competitive threats           198

11.2.3      AMETEK.INC.            199

11.2.3.1  Business overview  199

11.2.3.2  Products/Solutions/Services offered     200

11.2.3.3  Recent developments              201

11.2.3.3.1                Product launches/Developments            201

11.2.3.3.2                Deals       202

11.2.3.4  MnM view                 202

11.2.3.4.1                Key strengths/Right to win      202

11.2.3.4.2                Strategic choices     202

11.2.3.4.3                Weaknesses/Competitive threats           202

11.2.4      ROHDE & SCHWARZ                 203

11.2.4.1  Business overview  203

11.2.4.2  Products/Services/Solutions offered     204

11.2.4.3  Recent developments              206

11.2.4.3.1                Product launches/Developments            206

11.2.4.3.2                Deals       207

11.2.4.4  MnM view                 208

11.2.4.4.1                Key strengths/Right to win      208

11.2.4.4.2                Strategic choices     208

11.2.4.4.3                Weaknesses/Competitive threats           208

11.2.5      NATIONAL INSTRUMENTS CORP.             209

11.2.5.1  Business overview  209

11.2.5.2  Products/Services/Solutions offered     210

11.2.5.3  Recent developments              212

11.2.5.3.1                Product launches/Developments            212

11.2.5.4  MnM view                 212

11.2.5.4.1                Key strengths/Right to win      212

11.2.5.4.2                Strategic choices     212

11.2.5.4.3                Weaknesses/Competitive threats           212

11.2.6      TELEDYNE TECHNOLOGIES INCORPORATED           213

11.2.6.1  Business overview  213

11.2.6.2  Products/Services/Solutions offered     214

11.2.6.3  Recent developments              215

11.2.6.3.1                Product launches/Developments            215

11.2.6.3.2                Deals       215

11.2.7      VIAVI SOLUTIONS INC.              216

11.2.7.1  Business overview  216

11.2.7.2  Products/Services/Solutions offered     217

11.2.7.3  Recent developments              218

11.2.7.3.1                Product launches/Developments            218

11.2.7.3.2                Deals       219

11.2.8      ANRITSU  220

11.2.8.1  Business overview  220

11.2.8.2  Products/Services/Solutions offered     221

11.2.8.3  Recent developments              223

11.2.8.3.1                Product launches/Developments            223

11.2.8.3.2                Deals       224

11.2.9      YOKOGAWA ELECTRIC CORPORATION    225

11.2.9.1  Business overview  225

11.2.9.2  Products/Services/Solutions offered     226

11.2.10   ADVANTEST CORPORATION     228

11.2.10.1                 Business overview  228

11.2.10.2                 Products/Services/Solutions offered     229

11.2.10.3                 Recent developments              230

11.2.10.3.1              Product launches/Developments            230

11.2.10.3.2              Deals       230

11.3         OTHER PLAYERS      231

11.3.1      EXFO INC. 231

11.3.2      FUJIAN LILLIPUT OPTOELECTRONICS TECHNOLOGY CO., LTD                 232

11.3.3      IKM INSTRUTEK       233

11.3.4      UNI-TREND TECHNOLOGY (CHINA) CO., LTD.           234

11.3.5      PARTICLE MEASURING SYSTEMS            235

11.3.6      MEXTECH TECHNOLOGIES INDIA PRIVATE LIMITED                 236

11.3.7      RIGOL TECHNOLOGIES, CO. LTD.             237

11.3.8      GOOD WILL INSTRUMENT CO., LTD.        238

11.3.9      ADLINK TECHNOLOGY INC.     239

11.3.10   LEADER ELECTRONICS CORPORATION   240

11.3.11   CRYSTAL INSTRUMENTS CORPORATION 241

11.3.12   ASTRONICS CORPORATION     242

11.3.13   VAUNIX TECHNOLOGY CORPORATION    243

11.3.14   DS INSTRUMENTS   244

11.3.15   SALUKI TECHNOLOGY              245

11.3.16   INSPLORION             246

12             APPENDIX                 247

12.1         INSIGHTS FROM INDUSTRY EXPERTS     247

12.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                251

12.3         CUSTOMIZATION OPTIONS      253

12.4         RELATED REPORTS 253

12.5         AUTHOR DETAILS     254

LIST OF TABLES

TABLE 1   RISK FACTOR ANALYSIS          42

TABLE 2   ROLE OF COMPANIES IN TEST AND MEASUREMENT EQUIPMENT ECOSYSTEM    65

TABLE 3   TEST AND MEASUREMENT EQUIPMENT MARKET: MAJOR PATENTS, 2023–2024                  69

TABLE 4   IMPACT ANALYSIS OF PORTER’S FIVE FORCES       72

TABLE 5   INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)                  74

TABLE 6   KEY BUYING CRITERIA FOR TOP 3 VERTICALS         75

TABLE 7   AVERAGE SELLING PRICE TREND OF KEY GENERAL-PURPOSE TEST EQUIPMENT (OSCILLOSCOPES) OFFERED BY MAJOR PLAYERS, 2020–2023 (USD) 76

TABLE 8   AVERAGE SELLING PRICE TREND OF KEY GENERAL-PURPOSE TEST EQUIPMENT (SPECTRUM ANALYZERS) OFFERED BY MAJOR PLAYERS, 2020–2023 (USD)       77

TABLE 9   AVERAGE SELLING PRICE TREND OF KEY GENERAL-PURPOSE TEST EQUIPMENT (SIGNAL GENERATORS) OFFERED BY MAJOR PLAYERS, 2020–2023 (USD)        77

TABLE 10 AVERAGE SELLING PRICE TREND OF OSCILLOSCOPES, BY REGION,

2020–2023 (USD)  78

TABLE 11 MFN TARIFF FOR HS CODE 9030-COMPLIANT PRODUCTS EXPORTED BY US, 2023                  79

TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 80

TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 80

TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 80

TABLE 15 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 81

TABLE 16 KEY CONFERENCES AND EVENTS, 2024–2025    81

TABLE 17 ENHANCING AI APPLICATIONS THROUGH RESEARCH AND COMPLIANCE               84

TABLE 18 USING AI-SUPPORTED PREDICTIVE MAINTENANCE SYSTEM TO A

VOID UNPLANNED DOWNTIME                 84

TABLE 19 TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE,

2020–2023 (USD MILLION)   88

TABLE 20 TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE,

2024–2029 (USD MILLION)   88

TABLE 21 PRODUCT TYPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2020–2023 (USD MILLION)                88

TABLE 22 PRODUCT TYPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)                89

TABLE 23 PRODUCT TYPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION)                89

TABLE 24 PRODUCT TYPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION)                89

TABLE 25 GENERAL-PURPOSE TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2020–2023 (USD MILLION)    91

TABLE 26 GENERAL-PURPOSE TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2024–2029 (USD MILLION)    91

TABLE 27 GENERAL-PURPOSE TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2020–2023 (THOUSAND UNITS)              92

TABLE 28 GENERAL-PURPOSE TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2024–2029 (THOUSAND UNITS)              92

TABLE 29 GENERAL-PURPOSE TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2020–2023 (USD MILLION)              93

TABLE 30 GENERAL-PURPOSE TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)              93

TABLE 31 GENERAL-PURPOSE TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION)                 93

TABLE 32 GENERAL-PURPOSE TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION)                 94

TABLE 33 MECHANICAL TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2020–2023 (USD MILLION)          102

TABLE 34 MECHANICAL TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY TYPE, 2024–2029 (USD MILLION)          103

TABLE 35 MECHANICAL TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2020–2023 (USD MILLION)  103

TABLE 36 MECHANICAL TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)  103

TABLE 37 MECHANICAL TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION)     104

TABLE 38 MECHANICAL TEST EQUIPMENT: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION)     104

TABLE 39 TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE,

2020–2023 (USD MILLION)   108

TABLE 40 TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE,

2024–2029 (USD MILLION)   109

TABLE 41 SERVICE TYPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2020–2023 (USD MILLION)                109

TABLE 42 SERVICE TYPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)                110

TABLE 43 SERVICE TYPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2020–2023 (USD MILLION)         110

TABLE 44 SERVICE TYPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION, 2024–2029 (USD MILLION)         111

TABLE 45 CALIBRATION SERVICES: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY VERTICAL, 2020–2023 (USD MILLION)              112

TABLE 46 CALIBRATION SERVICES: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)              112

TABLE 47 REPAIR/AFTER-SALES SERVICES: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2020–2023 (USD MILLION)  113

TABLE 48 REPAIR/AFTER-SALES SERVICES: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)  113

TABLE 49 OTHER SERVICES: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2020–2023 (USD MILLION)                116

TABLE 50 OTHER SERVICES: TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)                116

TABLE 51 TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL,

2020–2023 (USD MILLION)   118

TABLE 52 TEST AND MEASUREMENT EQUIPMENT MARKET, BY VERTICAL,

2024–2029 (USD MILLION)   119

TABLE 53 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)              120

TABLE 54 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)              120

TABLE 55 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)         121

TABLE 56 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)         121

TABLE 57 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)           121

TABLE 58 AUTOMOTIVE & TRANSPORTATION: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)           121

TABLE 59 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)               122

TABLE 60 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)         123

TABLE 61 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)    123

TABLE 62 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)    123

TABLE 63 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY SERVICE TYPE, 2020–2023 (USD MILLION)      123

TABLE 64 AEROSPACE & DEFENSE: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY SERVICE TYPE, 2024–2029 (USD MILLION)      124

TABLE 65 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)         125

TABLE 66 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)         125

TABLE 67 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)    125

TABLE 68 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)    125

TABLE 69 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY SERVICE TYPE, 2020–2023 (USD MILLION)      126

TABLE 70 IT & TELECOMMUNICATIONS: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY SERVICE TYPE, 2024–2029 (USD MILLION)      126

TABLE 71 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)         127

TABLE 72 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)         127

TABLE 73 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)    127

TABLE 74 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE, 2024–2029 (USD MILLION)    127

TABLE 75 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY SERVICE TYPE, 2020–2023 (USD MILLION)      128

TABLE 76 EDUCATION & GOVERNMENT: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY SERVICE TYPE, 2024–2029 (USD MILLION)      128

TABLE 77 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)              129

TABLE 78 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)              129

TABLE 79 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)         129

TABLE 80 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)         130

TABLE 81 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)           130

TABLE 82 ELECTRONICS & SEMICONDUCTOR: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)           130

TABLE 83 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)           131

TABLE 84 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)           131

TABLE 85 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)                132

TABLE 86 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)                132

TABLE 87 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)                132

TABLE 88 INDUSTRIAL: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)                133

TABLE 89 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)           134

TABLE 90 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)           134

TABLE 91 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)   134

TABLE 92 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)   134

TABLE 93 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)                135

TABLE 94 HEALTHCARE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)                135

TABLE 95 TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION,

2020–2023 (USD MILLION)   137

TABLE 96 TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION,

2024–2029 (USD MILLION)   138

TABLE 97 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)                139

TABLE 98 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)                140

TABLE 99 NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)         140

TABLE 100               NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)         140

TABLE 101               NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE, 2020–2023 (USD MILLION)    140

TABLE 102               NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY PRODUCT TYPE, 2023–2028 (USD MILLION)    141

TABLE 103               EUROPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY,

2020–2023 (USD MILLION)   146

TABLE 104               EUROPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY,

2024–2029 (USD MILLION)   146

TABLE 105               EUROPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)       146

TABLE 106               EUROPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)       147

TABLE 107               EUROPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)   147

TABLE 108               EUROPE: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)   147

TABLE 109               ASIA PACIFIC: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)   153

TABLE 110               ASIA PACIFIC: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)   153

TABLE 111               ASIA PACIFIC: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)               153

TABLE 112               ASIA PACIFIC: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)               154

TABLE 113               ASIA PACIFIC: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)          154

TABLE 114               ASIA PACIFIC: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)          154

TABLE 115               ROW: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION,

2020–2023 (USD MILLION)   158

TABLE 116               ROW: TEST AND MEASUREMENT EQUIPMENT MARKET, BY REGION,

2024–2029 (USD MILLION)   159

TABLE 117               ROW: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2020–2023 (USD MILLION)           159

TABLE 118               ROW: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE & SERVICE TYPE, 2024–2029 (USD MILLION)           159

TABLE 119               ROW: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE,

2020–2023 (USD MILLION)   159

TABLE 120               ROW: TEST AND MEASUREMENT EQUIPMENT MARKET, BY PRODUCT TYPE,

2024–2029 (USD MILLION)   160

TABLE 121               SOUTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY, 2020–2023 (USD MILLION)  161

TABLE 122               SOUTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)  161

TABLE 123               MIDDLE EAST & AFRICA: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)              163

TABLE 124               MIDDLE EAST & AFRICA: TEST AND MEASUREMENT EQUIPMENT MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)              163

TABLE 125               TEST AND MEASUREMENT EQUIPMENT MARKET: KEY STRATEGIES ADOPTED

BY LEADING PLAYERS, 2023–2024       165

TABLE 126               TEST AND MEASUREMENT EQUIPMENT MARKET: DEGREE OF COMPETITION                  168

TABLE 127               TEST AND MEASUREMENT EQUIPMENT MARKET: PRODUCT TYPE FOOTPRINT                  175

TABLE 128               TEST AND MEASUREMENT EQUIPMENT MARKET: SERVICE TYPE FOOTPRINT                  176

TABLE 129               TEST AND MEASUREMENT EQUIPMENT MARKET: VERTICAL FOOTPRINT                  177

TABLE 130               TEST AND MEASUREMENT EQUIPMENT MARKET: REGION FOOTPRINT 178

TABLE 131               TEST AND MEASUREMENT EQUIPMENT MARKET: KEY STARTUPS/SMES                  181

TABLE 132               TEST AND MEASUREMENT EQUIPMENT MARKET: COMPETITIVE

BENCHMARKING OF KEY STARTUPS/SMES           181

TABLE 133               TEST AND MEASUREMENT EQUIPMENT MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JUNE 2023–JULY 2024           182

TABLE 134               TEST AND MEASUREMENT EQUIPMENT MARKET: DEALS, JUNE 2023–JULY 2024        186

TABLE 135               KEYSIGHT TECHNOLOGIES: COMPANY OVERVIEW 189

TABLE 136               KEYSIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED                  190

TABLE 137               KEYSIGHT TECHNOLOGIES: PRODUCT LAUNCHES/DEVELOPMENTS    192

TABLE 138               KEYSIGHT TECHNOLOGIES: DEALS         193

TABLE 139               FORTIVE: COMPANY OVERVIEW               195

TABLE 140               FORTIVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED        196

TABLE 141               FORTIVE: DEALS      198

TABLE 142               AMETEK.INC.: COMPANY OVERVIEW       199

TABLE 143               AMETEK.INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200

TABLE 144               AMETEK.INC.: PRODUCT LAUNCHES/DEVELOPMENTS          201

TABLE 145               AMETEK.INC.: DEALS                202

TABLE 146               ROHDE & SCHWARZ: COMPANY OVERVIEW            203

TABLE 147               ROHDE & SCHWARZ: PRODUCT/SERVICE/SOLUTION OFFERINGS        204

TABLE 148               ROHDE & SCHWARZ: PRODUCT LAUNCHES/DEVELOPMENTS                206

TABLE 149               ROHDE & SCHWARZ: DEALS   207

TABLE 150               NATIONAL INSTRUMENTS CORP.: COMPANY OVERVIEW        209

TABLE 151               NATIONAL INSTRUMENTS CORP.: PRODUCT/SERVICE/SOLUTION OFFERINGS                  210

TABLE 152               NATIONAL INSTRUMENTS CORP.: PRODUCT LAUNCHES/DEVELOPMENTS                  212

TABLE 153               TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY OVERVIEW      213

TABLE 154               TELEDYNE TECHNOLOGIES INCORPORATED:

PRODUCT/SERVICE/SOLUTION OFFERINGS           214

TABLE 155               TELEDYNE TECHNOLOGIES INCORPORATED: PRODUCT LAUNCHES/DEVELOPMENTS 215

TABLE 156               TELEDYNE TECHNOLOGIES INCORPORATED: DEALS               215

TABLE 157               VIAVI SOLUTIONS INC.: COMPANY OVERVIEW         216

TABLE 158               VIAVI SOLUTIONS INC.: PRODUCT/SERVICE/SOLUTION OFFERINGS      217

TABLE 159               VIAVI SOLUTIONS INC.: PRODUCT LAUNCHES/DEVELOPMENTS             218

TABLE 160               VIAVI SOLUTIONS INC.: DEALS 219

TABLE 161               ANRITSU: COMPANY OVERVIEW               220

TABLE 162               ANRITSU: PRODUCT/SERVICE/SOLUTION OFFERINGS           221

TABLE 163               ANRITSU: PRODUCT LAUNCHES/DEVELOPMENTS 223

TABLE 164               ANRITSU: DEALS      224

TABLE 165               YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW                 225

TABLE 166               YOKOGAWA ELECTRIC CORPORATION: PRODUCT/SERVICE/SOLUTION OFFERINGS              226

TABLE 167               ADVANTEST CORPORATION: COMPANY OVERVIEW 228

TABLE 168               ADVANTEST CORPORATION: PRODUCT/SERVICE/SOLUTION OFFERINGS                  229

TABLE 169               ADVANTEST CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS   230

TABLE 170               ADVANTEST CORPORATION: DEALS         230

TABLE 171               EXFO INC.: BUSINESS OVERVIEW             231

TABLE 172               FUJIAN LILLIPUT OPTOELECTRONICS TECHNOLOGY CO., LTD: BUSINESS OVERVIEW                232

TABLE 173               IKM INSTRUTEK: BUSINESS OVERVIEW  233

TABLE 174               UNI-TREND TECHNOLOGY (CHINA) CO., LTD.: BUSINESS OVERVIEW      234

TABLE 175               PARTICLE MEASURING SYSTEMS: BUSINESS OVERVIEW       235

TABLE 176               MEXTECH TECHNOLOGIES INDIA PRIVATE LIMITED: BUSINESS OVERVIEW                  236

TABLE 177               RIGOL TECHNOLOGIES, CO. LTD.: BUSINESS OVERVIEW        237

TABLE 178               GOOD WILL INSTRUMENT CO., LTD.: BUSINESS OVERVIEW   238

TABLE 179               ADLINK TECHNOLOGY INC.: BUSINESS OVERVIEW 239

TABLE 180               LEADER ELECTRONICS CORPORATION: BUSINESS OVERVIEW                240

TABLE 181               CRYSTAL INSTRUMENTS CORPORATION: BUSINESS OVERVIEW             241

TABLE 182               ASTRONICS CORPORATION: BUSINESS OVERVIEW 242

TABLE 183               VAUNIX TECHNOLOGY CORPORATION: BUSINESS OVERVIEW                 243

TABLE 184               DS INSTRUMENTS: BUSINESS OVERVIEW               244

TABLE 185               SALUKI TECHNOLOGY: BUSINESS OVERVIEW         245

TABLE 186               INSPLORION: BUSINESS OVERVIEW        246

LIST OF FIGURES

FIGURE 1 TEST AND MEASUREMENT EQUIPMENT MARKET SEGMENTATION        26

FIGURE 2 TEST AND MEASUREMENT EQUIPMENT MARKET: RESEARCH DESIGN 31

FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS 34

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS IN TEST AND

MEASUREMENT EQUIPMENT MARKET   36

FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN TEST AND MEASUREMENT EQUIPMENT MARKET                  37

FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 3 (DEMAND SIDE): TEST AND MEASUREMENT EQUIPMENT MARKET BASED ON REGION    38

FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH   39

FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    39

FIGURE 9 DATA TRIANGULATION              41

FIGURE 10                AUTOMATED TEST EQUIPMENT SEGMENT TO ACCOUNT FOR LARGEST SHARE OF GENERAL-PURPOSE TEST AND MEASUREMENT EQUIPMENT MARKET IN 2029               45

FIGURE 11                CALIBRATION SERVICES SEGMENT TO HOLD LARGEST MARKET SHARE

DURING FORECAST PERIOD    46

FIGURE 12                ASIA PACIFIC DOMINATED TEST AND MEASUREMENT EQUIPMENT

MARKET IN 2023    47

FIGURE 13                INTEGRATION OF AI AND ML TECHNOLOGIES INTO TEST AND MEASUREMENT EQUIPMENT TO FUEL MARKET GROWTH                 48

FIGURE 14                GENERAL-PURPOSE TEST EQUIPMENT SEGMENT TO HOLD MAJORITY OF

MARKET SHARE IN 2024        49

FIGURE 15                INDUSTRIAL SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2024                  49

FIGURE 16                INDIA TO REGISTER HIGHEST CAGR IN GLOBAL TEST AND MEASUREMENT EQUIPMENT MARKET DURING FORECAST PERIOD 50

FIGURE 17                GENERAL-PURPOSE TEST EQUIPMENT AND CHINA HELD LARGEST SHARES OF TEST AND MEASUREMENT EQUIPMENT MARKET IN ASIA PACIFIC IN 2023           51

FIGURE 18                TEST AND MEASUREMENT MARKET: DRIVERS, RESTRAINTS,

OPPORTUNITIES, AND CHALLENGES       52

FIGURE 19                TEST AND MEASUREMENT MARKET DRIVERS: IMPACT ANALYSIS         56

FIGURE 20                TEST AND MEASUREMENT MARKET RESTRAINTS: IMPACT ANALYSIS   58

FIGURE 21                TEST AND MEASUREMENT MARKET OPPORTUNITIES: IMPACT ANALYSIS                  59

FIGURE 22                TEST AND MEASUREMENT MARKET CHALLENGES: IMPACT ANALYSIS 61

FIGURE 23                TEST AND MEASUREMENT EQUIPMENT VALUE CHAIN ANALYSIS           62

FIGURE 24                TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            64

FIGURE 25                KEY PLAYERS IN TEST AND MEASUREMENT EQUIPMENT MARKET        64

FIGURE 26                INVESTMENT AND FUNDING SCENARIO FOR STARTUPS, 2017–2023  66

FIGURE 27                PATENTS APPLIED AND GRANTED, 2014–2023    68

FIGURE 28                IMPORT DATA FOR HS CODE 9030-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023     70

FIGURE 29                EXPORT DATA FOR HS CODE 9030-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023     71

FIGURE 30                TEST AND MEASUREMENT EQUIPMENT MARKET:

PORTER’S FIVE FORCES ANALYSIS          72

FIGURE 31                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL   74

FIGURE 32                KEY BUYING CRITERIA, BY VERTICAL       75

FIGURE 33                AVERAGE SELLING PRICE TREND OF MAJOR TYPES OF GENERAL-PURPOSE TEST EQUIPMENT PROVIDED BY KEY PLAYERS                76

FIGURE 34                AVERAGE SELLING PRICE TREND OF OSCILLOSCOPES, BY REGION, 2020–2023                  77

FIGURE 35                IMPACT OF AI ON TEST AND MEASUREMENT EQUIPMENT INDUSTRY    83

FIGURE 36                GENERAL-PURPOSE TEST EQUIPMENT SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD           87

FIGURE 37                AUTOMATED TEST EQUIPMENT TO ACCOUNT FOR LARGEST

MARKET SHARE IN 2029        90

FIGURE 38                NON-DESTRUCTIVE TEST EQUIPMENT SEGMENT TO RECORD HIGHEST CAGR IN MECHANICAL TEST EQUIPMENT MARKET DURING FORECAST PERIOD 102

FIGURE 39                REPAIR/AFTER-SALES SERVICES TO WITNESS HIGHEST CAGR

DURING FORECAST PERIOD    108

FIGURE 40                INDUSTRIAL VERTICAL TO HOLD LARGEST MARKET SHARE

THROUGHOUT FORECAST PERIOD           118

FIGURE 41                MARKET SEGMENTATION, BY REGION    137

FIGURE 42                ASIA PACIFIC TO RECORD HIGHEST CAGR IN TEST AND MEASUREMENT EQUIPMENT MARKET BETWEEN 2024 AND 2029 137

FIGURE 43                NORTH AMERICA: TEST AND MEASUREMENT EQUIPMENT MARKET SNAPSHOT                  139

FIGURE 44                EUROPE: TEST AND MEASUREMENT EQUIPMENT MARKET SNAPSHOT 145

FIGURE 45                ASIA PACIFIC: TEST AND MEASUREMENT EQUIPMENT MARKET SNAPSHOT                  152

FIGURE 46                SOUTH AMERICA TO DOMINATE TEST AND MEASUREMENT EQUIPMENT MARKET IN ROW THROUGHOUT FORECAST PERIOD               158

FIGURE 47                REVENUE ANALYSIS OF KEY COMPANIES IN TEST AND MEASUREMENT EQUIPMENT MARKET, 2019–2023        167

FIGURE 48                TEST AND MEASUREMENT EQUIPMENT MARKET SHARE ANALYSIS, 2023                  168

FIGURE 49                TEST AND MEASUREMENT EQUIPMENT MARKET: COMPANY VALUATION                  170

FIGURE 50                TEST AND MEASUREMENT EQUIPMENT MARKET: FINANCIAL METRICS                  171

FIGURE 51                BRAND/PRODUCT COMPARISON            171

FIGURE 52                TEST AND MEASUREMENT EQUIPMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023                 173

FIGURE 53                TEST AND MEASUREMENT EQUIPMENT MARKET: COMPANY FOOTPRINT                  174

FIGURE 54                TEST AND MEASUREMENT EQUIPMENT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023          180

FIGURE 55                KEYSIGHT TECHNOLOGIES: COMPANY SNAPSHOT 189

FIGURE 56                FORTIVE: COMPANY SNAPSHOT              196

FIGURE 57                AMETEK.INC.: COMPANY SNAPSHOT      200

FIGURE 58                ROHDE & SCHWARZ: COMPANY SNAPSHOT           204

FIGURE 59                NATIONAL INSTRUMENTS CORP.: COMPANY SNAPSHOT       210

FIGURE 60                TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY SNAPSHOT     214

FIGURE 61                VIAVI SOLUTIONS INC.: COMPANY SNAPSHOT        217

FIGURE 62                ANRITSU: COMPANY SNAPSHOT              221

FIGURE 63                YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT                226

FIGURE 64                ADVANTEST CORPORATION: COMPANY SNAPSHOT                229