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Global Test and measurement equipment Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

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Global Test and measurement equipment Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

Global Test and measurement equipment Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

  • Published Date: 19 May 2021
  • Report ID: M&E 0031
  • Pages:191
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Test and measurement equipment are anticipated to make inroads at a value CAGR of ~6% over 2019-2028. According to a study published by Insure Insights on the Test and measurement equipment market, The growing popularity for accuracy and speed in designing, manufacturing, or repairing of electronic products is anticipated to augment the demand in the global test and measurement equipment market.

Top Driver: Increased Use of IoT Devices to Generate demand for Test and Measurement Equipment

Test and measurement equipment has rich demand in IoT devices testing as such devices need to be tested in a real-time environment. IoT devices require controlled signal integrity and power integrity as devices spend most of their time in sleep mode and draw nanoamps of current. However, most of the devices need tens of milliamps when processing or communicating. Hence, to measure accurate low-power and dynamic range, and to analyze fast power-draw passing requires power measurement test systems.

IT and telecommunication to Make Crucial Contribution to Growth of Global Test and Measurement Equipment Market

Among end-user segments of the global test and measurement equipment market, IT and telecommunication are predicted to show significant growth in the future. The demand for telecommunication equipment such as RF MEMEs switches, Ethernet, and others is increasing owing to increasing deployment of the 4G/5g network infrastructure. RF MEMES switches are majorly used in microwave and radio frequency communication devices such as transmitters and receivers. The growing need for efficient communication networks of 4G and 5G is boosting demand for telecom test equipment to measure the transmissions from all of the systems. To cater to such demand in March 2019, Anritsu launched a new Field Master Pro MS2090A high-performance spectrum analyzer.

Rising Demand for Electronic Testing is expected to Benefit Market Growth in APAC Market

APAC has contributed majority of the market share, it is expected that the during the forecast period the trend will continue owing to increasing demand for test and measurement equipment from numerous industries such as automotive, semiconductor and electronics, IT, and telecommunication. China is dominating the market in the region, owing to the increased development of semiconductor products and IoT devices. In the country, demand for semiconductor components are used in consumer and industrial products such as PCs, smart mobile phones, servers, storage devices, IoT devices, wearable devices, automotive sensors, and others. Thus, the rising demand for semiconductor enables products, which incorporate ICs, sensors, and chips will drive the demand for test and measurement equipment during the forecast period.

 

Players to Focus on Expanding Applications in Pharmaceutical, Automotive, and Other Industries

The global test and measurement equipment market is expected to stay fragmented with the increase in the number of new entrants in the coming years. UL LLC, SGS AG, Keysight Technologies, Rohde & Schwarz, Fluke Corp., and Teledyne Technologies among others could be at the forefront of the competition in the global test and measurement equipment market. The vendors are either launching new products or forming partnership to grow in the market or gain more customers.

SGS AG: In May 2019, the company announced to acquire a US-based testing company Chemical Solutions Ltd. (“CSL”), specialized in in elemental and heavy metal testing for pharmaceutical, nutraceuticals, food, and cosmetic products across globally to expand its position in Agriculture, Food  and Life business in the US, and expanding its scope and geographical presence in the US market.

UL LLC: The company in July 2019, acquired UK based Wintech Testing and Certification company that offers testing and certification services to the building envelope market. The aim behind the acquisition is to strengthen UL’s capability in the field of building envelope evaluation, testing and certification.

Keysight Technologies: in June 2018, the company launched a new a suite of test and measurement solutions to cater Hybrid Electric Vehicle (HEV)/Electric Vehicle (EV), and Home Energy Management Systems (HEMS) markets worldwide.

Scope of the Report

By Type

  • Calibration Services
  • Repair Services/After-Sales Services

By Product

  • Mechanical Test Equipment (MTE)
  • General Purpose Test Equipment (GPTE)

By End-User

  • Aerospace & Defense
  • Automotive
  • Education & Government
  • IT & Telecommunication
  • Healthcare (Medical)
  • Semiconductor & Electronics
  • Industrial

By Region

  • North America
  • Europe
  • Asia Pacific
  • LAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.

4.      It builds a seven-year estimate based on how the market is predicted to

Chapter 1 Overview And Scope

1.1 Market Vision

1.1.1 Market Definition

1.1.2 Market Scope

1.2 Market Segmentation

Chapter 2 Our Research Practice

2.1 Our Research Methodology

2.2 Data Triangulation

2.3 Data Sources

2.4 Assumptions for the study

2.5 Approach Adopted

Chapter 3 Executive Summary

3.1 Market Snapshot

3.2 Regional Snapshot

3.3 Segment Summary

Chapter 4 Covid-19 Impact Analysis

4.1 Overview

4.2 Prevalence analysis

4.3 Key Factor Impact Analysis

Chapter 5 Global Smart Manufacturing Market Forces

5.1 What’s Driving the Market

5.2 Porter’s Five Forces Analysis

5.2.1 Power of Suppliers

5.2.2 Threats From New Entrants

5.2.3 Power of Buyer

5.2.4 Threat From Substitute Product

5.2.5 Degree of Competition

Chapter 6 Global Smart Manufacturing Market -Industry Snapshots

6.1 Overview

6.1.1 Global Smart Manufacturing Market Value, 2019 – 2028, (US$ Bn)

6.2 Market Overview

6.2.1 Drivers Analysis

6.2.2 Restraint/Challenges analysis

6.2.3 Opportunity Analysis

6.3 Supply Chain/Value Chain Analysis

6.4 Market SWOT Analysis

Chapter 7 Global Smart Manufacturing Market Analysis, by Technology

7.1 Overview

7.2 Key Findings for Smart Manufacturing Market- By Technology

7.2.1 Smart Manufacturing Market- Supervisory Controller and Data Acquisition (SCADA)

7.2.2 Smart Manufacturing Market- Manufacturing Execution System (MES)

7.2.3 Smart Manufacturing Market- Programmable Logic Controller (PLC)

7.2.4 Smart Manufacturing Market- Distributed Control System (DCS)

7.2.5 Smart Manufacturing Market- Enterprise Resource and Planning (ERP)

7.2.6 Smart Manufacturing Market- Product Lifecycle Management (PLM)

7.2.7 Smart Manufacturing Market- Human Machine Interface (HMI)

Chapter 8 Global Smart Manufacturing Market Analysis, by Component

8.1 Overview

8.2 Key Findings for Smart Manufacturing Market- By Component

8.2.1 Smart Manufacturing Market- Robotics

8.2.2 Smart Manufacturing Market- Communication Segment

8.2.3 Smart Manufacturing Market- Control Device

8.2.4 Smart Manufacturing Market- Sensor

8.2.5 Smart Manufacturing Market- Machine Vision Systems

Chapter 9 Global Smart Manufacturing Market Analysis, by End User

9.1 Overview

9.2 Key Findings for Smart Manufacturing Market- By End User

9.2.1 Smart Manufacturing Market- Oil and Gas

9.2.2 Smart Manufacturing Market- Automotive

9.2.3 Smart Manufacturing Market- Pharmaceutical

9.2.4 Smart Manufacturing Market- Chemical and Petrochemical

9.2.5 Smart Manufacturing Market- Metals and Mining

9.2.6 Smart Manufacturing Market- Food and Beverage

Chapter 10 Smart Manufacturing Market Analysis by Region

10.1 Key Findings for Smart Manufacturing Market- By region

10.2 Overview

10.2.1 Global Smart Manufacturing Market Analysis, By Technology, 2019 – 2028

10.2.2 Global Smart Manufacturing Market Analysis, By Component, 2019 – 2028

10.2.3 Global Smart Manufacturing Market Analysis, By End User, 2019 – 2028

10.3 Smart Manufacturing Market – North America

10.3.1 Overview

10.3.2 U.S.

10.3.3 Canada

10.3.4 Mexico

10.3.5 North America Market, By Technology

10.3.6 North America Market, By Component

10.3.7 North America Market, By End User

10.4 Smart Manufacturing Market – Europe

10.4.1 Overview

10.4.2 Germany

10.4.3 United Kingdom

10.4.4 France

10.4.5 Italy

10.4.6 Rest Of Europe

10.4.7 Europe Market, By Technology

10.4.8 Europe Market, By Component

10.4.9 Europe market by, End User

10.5 Smart Manufacturing Market – Asia Pacific

10.5.1 Overview

10.5.2 China

10.5.3 Japan

10.5.4 India

10.5.5 Rest of APAC

10.5.6 Asia Pacific Market, By Technology

10.5.7 Asia Pacific Market, By Component

10.5.8 Asia Pacific Market, By End User

10.6 Smart Manufacturing Market – LAMEA

10.6.1 Overview

10.6.2 Middle East & Africa (MEA)

10.6.3 Latin America

10.6.4 Rest Of World

10.6.5 Latin America, Middle East and Africa Market, By Technology

10.6.6 Latin America, Middle East and Africa Market, By Component

10.6.7 Latin America, Middle East and Africa Market, By End User

Chapter 11 Market Competition Analysis

11.1 Market Share/Positioning Analysis

11.1.1 Market Positioning of Key Vendors, 2019

11.1.2 Key Strategies Adopted by the Leading Players

11.1.3 Recent Developments

Chapter 12 Company Profiles- Snapshot

12.1 ABB

12.1.1 Business Fundamentals

12.1.2 Financial Snapshots

12.1.3 Product Portfolio

12.1.4 Recent Developments

12.2 Rockwell

12.3 Emerson Electric

12.4 Schneider

12.5 Siemens

12.6 IBM

12.7 General Electric

12.8 Honeywell

12.9 Texas Instruments Incorporated

12.10 Mitsubishi Electric Corporation

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13 Appendix

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