Test and Measurement Equipment Market Worth 28.98 Billion USD by 2023

PUNE, India, November 21, 2017 /PRNewswire/ --

According to the new market research report "Test and Measurement Equipment Market by Product (General Purpose Test Equipment and Mechanical Test Equipment), Service (Calibration Services, and Repair Services/After-Sales Services), Application, and Geography - Global Forecast to 2023", published by MarketsandMarkets™ , the market is expected to grow from USD 23.51 Billion by 2017 to USD 28.98 Billion by 2023, at a CAGR of 3.55% between 2017 and 2023. The market has a huge potential for growth in various end-use applications such as healthcare, IT and telecommunications, and automotive. The growth of the test and measurement equipment market is driven by the increasing technological advancement toward networking and communication, increased R&D spending, and increased penetration of modular instrumentation. Moreover, the development of 5G mobile network and rapid penetration of IoT devices are some of the opportunities for the growth of the test and measurement equipment market players.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 74 Market Data Tables and 55 Figures spread through 178 Pages and in-depth TOC on "Test and Measurement Equipment Market - Global Forecast to 2023" 


Early buyers will receive 10% customization on this report

"Test and measurement equipment market for healthcare application to witness highest CAGR between 2017 and 2023" 

Devices that can remotely monitor the critical health parameters at home have uplifted the growth of patient-home-monitoring systems. Thus, with the development of new healthcare equipment, patient-monitoring systems, and personal emergency reporting systems, there is a significant growth potential for the test and measurement equipment market for the healthcare or medical application.

"Test and measurement equipment market for repair services/after sales service to grow at highest CAGR between 2017 and 2023 

The market for repair services is driven by a large number of innovative electronics equipment reaching the commercial markets. Moreover, the scope of equipment repair service in refurbishing electronics is further expected to drive the market for repair services.

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=116452716

APAC to dominate test and measurement equipment market between 2017 and 2023 

APAC is a major market for various end-use applications, such as automotive, process industries, healthcare, and consumer goods. India and China are considered as huge markets for test and measurement equipment owing to their growing economy. APAC is home to a number of OEMs as well as semiconductor device and product manufacturers. The growing demand for test and measurement equipment is attributed to the increasing number of smartphones, continuous upgrading of next-generation telecommunication standards, and so on. Moreover, the increasing demand for automated electronic products acts as an opportunity for the growth of the test and measurement equipment market in APAC.

Inquiry Before Buy @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=116452716

The major players in the test and measurement equipment market include Fortive (US), Rohde & Schwarz (Germany), Anritsu (Japan), Keysight (US), Yokogawa Electric (Japan), National Instruments (US), EXFO (Canada), Advantest (Japan), Viavi (US), and Cobham (UK), Teledyne (US), and Texas Instruments (US).

Browse Related Reports 

Spectrum Analyzer Market by Offering (Product & Software), Type (Swept-Tuned, Vector Signal, Real-Time), Range (<6 GHz, 6 GHz-18 GHz, >18 GHz), Form Factor (Handheld, Portable, Benchtop), Network Technology, End-User Industry - Global Forecasts to 2022

Signal Generator Market by Product, Technology, Applications, End Users (Telecommunication, Electronics Manufacturing, Industrial, Aerospace & Defense, Automotive, Education, and Medical), and by Geography - Global Forecast to 2015 - 2020

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos and customised feeds just for media.

View and download archived video content distributed by MultiVu on The Digital Center.


Get content for your website

Enhance your website's or blog's content with PR Newswire's customised real-time news feeds.
Start today.



Contact PR Newswire

Send us an email at indiasales@prnewswire.co.in or call us at +91 22 6169 6000



Become a PR Newswire client

Request more information about PR Newswire products & services or call us at +91 22 6169 6000


  1. Products & Services
  2. Knowledge Centre
  3. Browse News Releases
  4. Contact PR Newswire