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The overall test and measurement equipment market is expected to grow from USD 25.7 billion in 2018 to USD 32.3 billion by 2024, at a CAGR of 3.90%NEW YORK, Dec. 26, 2018 /PRNewswire/ -- Test and measurement equipment market to grow at a CAGR of 3.90% from 2018 to 2024 North America to lead the test and measurement equipment market The test and measurement equipment market, by geography, has been broadly classified into North America, Europe, APAC, and RoW.In terms of value, North America is estimated to account for the largest share of the market in 2018 owing to the fact that a majority of the leading industry players have a presence in this region. The market in APAC is expected to grow at the highest CAGR between 2018 and 2024.The governments of Asian countries, such as Japan, China, and India are undertaking initiatives to encourage industries to establish manufacturing and R&D facilities in their countries. For instance, the Indian government started the Make in India program to increase foreign investments and businesses in India. Initiatives like these are expected to boost the test and measurement equipment market. Breakdown of profiles of primary participants: • By Company Type: Tier 1 = 27%, Tier 2 = 41%, and Tier 3 = 32% • By Designation: C-Level Executives = 26%, Manager Level = 40%, and Others = 34% • By Region: North America = 47%, Europe = 28%, APAC = 19%, and RoW = 6% Key players in the test and measurement equipment market include Fortive Corporation (US), Rohde & Schwarz GmbH & Co. KG (Germany), Anritsu Corporation (Japan), Keysight Technologies (US), Yokogawa Electric Corporation (Japan), National Instruments Corporation (US), EXFO, Inc. (Canada), Advantest Corporation (Japan), VIAVI Solutions Inc. (US), Teledyne Technologies Inc. (US), and Texas Instruments Incorporated (US). Research Coverage: • The market by product, covers general purpose test equipment and mechanical test equipment. • The market by end-use sector, covers automotive and transportation, aerospace & defense, IT & telecommunication, education & government, semiconductor & electronics, industrial, and healthcare. • The market by service type, covers calibration, repair/after sales, and other services. • The geographic analysis is based on 4 major regions—North America, Europe, APAC, and RoW. (RoW includes South America and Middle East & Africa). Key Benefits of Buying the Report: The report will help leaders/new entrants in this market by providing information on the closest approximations of the revenue numbers for the overall test and measurement equipment market and its subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities. Read the full report: https://www.reportlinker.com/p05220264 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker 
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