Test And Measurement Market to grow by USD 9,119.5 million from 2022 to 2027, Advantest Corp. and Anritsu Corp. emerge as Key Contributors to market growth - Technavio

NEW YORK, June 27, 2023 /PRNewswire/ -- The test and measurement market size is set to grow by USD 9,119.5 million between 2022 and 2027 and register a CAGR of 5.1%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Sample Report

The report also covers the following areas:

• Test and Measurement Market size
• Test and Measurement Market trends
• Test and Measurement Market industry analysis

Test and Measurement Market 2023-2027: Segmentation

• Product 
• Wireless Test Equipment
• GPTE
• Semiconductor Test Equipment
• Real-time Test Equipment
• End-user 
• Aerospace And Defense
• Telecommunication
• Semiconductor And Electronics
• Others
• Geography 
• North America
• APAC
• Europe
• South America
• Middle East and Africa

The market share growth in the wireless test equipment segment will be significant during the forecast period. The telecommunication industry's evolution will play a significant role in driving the demand for testing equipment in this segment. With the increasing demand for smartphones, there will be a substantial need for such testing and measuring equipment. Mobile phone manufacturers use wireless testing equipment to assess their devices across different technology formats, including LTE, GSM, WiMAX, and GPRS. Hence, the demand for this equipment is expected to rise significantly and will drive the growth of the segment during the forecast period.

Test and Measurement Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the test and measurement market include Advantest Corp., Anritsu Corp., Ceyear Technologies Co. Ltd., EXFO Inc., Fastech Telecommunications, Fortive Corp., Good Will Instrument Co. Ltd., Hitachi Ltd., Keysight Technologies Inc., Mission Critical Electronics, National Instruments Corp., Premier Measurement Solutions Pvt. Ltd., Qmax Test Equipments Pvt. Ltd., Rohde and Schwarz GmbH and Co. KG, Scientech Technologies Pvt. Ltd., SPX Corp., Teradyne Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., and Yokogawa Electric Corp.. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the test and measurement market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Vendor Offering

• EXFO Inc. - The key offerings of the company include test and measurement equipment such as optical channel filtering.
• Advantest Corp. - The company offers test and measurement instruments such as the V93000 exa scale, and the evolutionary V93000 EXA scale SoC Test system.
• Anritsu Corp. - The company offers test and measurement solutions for telecommunication markets such as mobile wireless and wireline, RF and microwave, broadcasting, and multimedia.

Test and Measurement Market 2023-2027: Market Dynamics

Key Driver

The increase in the number of smart-connected devices is notably driving the test and measurement equipment market growth. The primary factor for the growth is the widespread availability and affordability of smart-connected devices in both developed and developing countries. These devices enable service providers to gather user data and gain insights into their preferences. Additionally, the growing number of online content subscribers and the implementation of the bring your own device (BYOD) policy in enterprises have led to an increased demand for high bandwidth. Moreover, as most technologies rely on digital processing, thorough testing is necessary before their market launch.

Major Trends

Recent developments in test and measurement equipment are emerging trends shaping the test and measurement equipment market growth. To meet the growing demand, companies are introducing new products. One such example is Viavi Solutions Inc. (VIAVI Solutions), which recently launched a range of fiber test and measurement solutions. These include optical power meters, fiber characterization modules, and an enhanced optical time-domain reflectometer (OTDR) solution. These offerings empower service providers, colocation and hyper-scale data centers, enterprises, and contractors to achieve various benefits. These include cost reduction in manufacturing, enhanced service quality, minimized downtime, and increased revenue generation.

Significant Challenges

Economic volatility and the highly cyclic nature of the electronics industry are major challenges impeding the test and measurement equipment market growth. The electronic goods and equipment industry has cyclical sales patterns, with demand being strongly related to the overall economy. As a result, the industry faces fluctuations in unit demand for its products. A primary factor driving the short lifecycle of smartphones and other electronic devices is the introduction of new products, which drives people to upgrade their devices. However, if devices lack additional new features or technological advancements, it can lead to restrained demand for electronic devices. Hence, these factors are expected to restrict the market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Test and Measurement Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist in test and measurement market growth during the next five years
• Estimation of the test and measurement market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the test and measurement market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of test and measurement market vendors

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Table of Content 

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 Global 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 Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global test and measurement market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global test and measurement market 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)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Wireless test equipment - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Wireless test equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Wireless test equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Wireless test equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Wireless test equipment - Year-over-year growth 2022-2027 (%)

• 6.4 GPTE - Market size and forecast 2022-2027 
• Exhibit 38: Chart on GPTE - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on GPTE - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on GPTE - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on GPTE - Year-over-year growth 2022-2027 (%)

• 6.5 Semiconductor test equipment - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Semiconductor test equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Semiconductor test equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Semiconductor test equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Semiconductor test equipment - Year-over-year growth 2022-2027 (%)

• 6.6 Real-time test equipment - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Real-time test equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Real-time test equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Real-time test equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Real-time test equipment - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product 
• Exhibit 50: Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 51: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 52: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 53: Chart on Comparison by End-user
• Exhibit 54: Data Table on Comparison by End-user

• 7.3 Aerospace and defense - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)

• 7.4 Telecommunication - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Telecommunication - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Telecommunication - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Telecommunication - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Telecommunication - Year-over-year growth 2022-2027 (%)

• 7.5 Semiconductor and electronics - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Semiconductor and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Semiconductor and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 71: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027 
• Exhibit 113: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: 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 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 Advantest Corp.
• Exhibit 124: Advantest Corp. - Overview
• Exhibit 125: Advantest Corp. - Business segments
• Exhibit 126: Advantest Corp. - Key offerings
• Exhibit 127: Advantest Corp. - Segment focus

• 12.4 Anritsu Corp.
• Exhibit 128: Anritsu Corp. - Overview
• Exhibit 129: Anritsu Corp. - Business segments
• Exhibit 130: Anritsu Corp. - Key news
• Exhibit 131: Anritsu Corp. - Key offerings
• Exhibit 132: Anritsu Corp. - Segment focus

• 12.5 EXFO Inc.
• Exhibit 133: EXFO Inc. - Overview
• Exhibit 134: EXFO Inc. - Product / Service
• Exhibit 135: EXFO Inc. - Key offerings

• 12.6 Fastech Telecommunications 
• Exhibit 136: Fastech Telecommunications - Overview
• Exhibit 137: Fastech Telecommunications - Product / Service
• Exhibit 138: Fastech Telecommunications - Key offerings

• 12.7 Good Will Instrument Co. Ltd. 
• Exhibit 139: Good Will Instrument Co. Ltd. - Overview
• Exhibit 140: Good Will Instrument Co. Ltd. - Product / Service
• Exhibit 141: Good Will Instrument Co. Ltd. - Key offerings

• 12.8 Keysight Technologies Inc. 
• Exhibit 142: Keysight Technologies Inc. - Overview
• Exhibit 143: Keysight Technologies Inc. - Business segments
• Exhibit 144: Keysight Technologies Inc. - Key news
• Exhibit 145: Keysight Technologies Inc. - Key offerings
• Exhibit 146: Keysight Technologies Inc. - Segment focus

• 12.9 National Instruments Corp. 
• Exhibit 147: National Instruments Corp. - Overview
• Exhibit 148: National Instruments Corp. - Product / Service
• Exhibit 149: National Instruments Corp. - Key news
• Exhibit 150: National Instruments Corp. - Key offerings

• 12.10 Premier Measurement Solutions Pvt. Ltd. 
• Exhibit 151: Premier Measurement Solutions Pvt. Ltd. - Overview
• Exhibit 152: Premier Measurement Solutions Pvt. Ltd. - Product / Service
• Exhibit 153: Premier Measurement Solutions Pvt. Ltd. - Key offerings

• 12.11 Qmax Test Equipments Pvt. Ltd. 
• Exhibit 154: Qmax Test Equipments Pvt. Ltd. - Overview
• Exhibit 155: Qmax Test Equipments Pvt. Ltd. - Product / Service
• Exhibit 156: Qmax Test Equipments Pvt. Ltd. - Key offerings

• 12.12 Rohde and Schwarz GmbH and Co. KG 
• Exhibit 157: Rohde and Schwarz GmbH and Co. KG - Overview
• Exhibit 158: Rohde and Schwarz GmbH and Co. KG - Product / Service
• Exhibit 159: Rohde and Schwarz GmbH and Co. KG - Key offerings

• 12.13 Scientech Technologies Pvt. Ltd. 
• Exhibit 160: Scientech Technologies Pvt. Ltd. - Overview
• Exhibit 161: Scientech Technologies Pvt. Ltd. - Product / Service
• Exhibit 162: Scientech Technologies Pvt. Ltd. - Key offerings

• 12.14 SPX Corp.
• Exhibit 163: SPX Corp. - Overview
• Exhibit 164: SPX Corp. - Business segments
• Exhibit 165: SPX Corp. - Key offerings
• Exhibit 166: SPX Corp. - Segment focus

• 12.15 Teradyne Inc.
• Exhibit 167: Teradyne Inc. - Overview
• Exhibit 168: Teradyne Inc. - Business segments
• Exhibit 169: Teradyne Inc. - Key news
• Exhibit 170: Teradyne Inc. - Key offerings
• Exhibit 171: Teradyne Inc. - Segment focus

• 12.16 Thermo Fisher Scientific Inc. 
• Exhibit 172: Thermo Fisher Scientific Inc. - Overview
• Exhibit 173: Thermo Fisher Scientific Inc. - Business segments
• Exhibit 174: Thermo Fisher Scientific Inc. - Key news
• Exhibit 175: Thermo Fisher Scientific Inc. - Key offerings
• Exhibit 176: Thermo Fisher Scientific Inc. - Segment focus

• 12.17 Yokogawa Electric Corp. 
• Exhibit 177: Yokogawa Electric Corp. - Overview
• Exhibit 178: Yokogawa Electric Corp. - Business segments
• Exhibit 179: Yokogawa Electric Corp. - Key offerings
• Exhibit 180: Yokogawa Electric Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations
• Exhibit 187: List of abbreviation

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