Test and Measurement Equipment Market in APAC to grow by USD 1.79 billion from 2021 to 2026|Driven by Expansion of Telecommunication Networks | Technavio

NEW YORK, April 14, 2022 /PRNewswire/ -- The test and measurement equipment market in APAC is set to grow by USD 1.79 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 5.3% as per the latest market report by Technavio. The test and measurement equipment market share growth in APAC by the GPTE segment is significant for revenue generation. One major reason for the high market share of the segment in APAC is the increased demand for electronic products in the region. The volume sales of consumer electronics are expected to increase in the forecast years owing to the development of new and updated electronic products. 

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Test and measurement equipment market in APAC: Scope

The test and measurement equipment market in APAC covers the following areas:

• Test And Measurement Equipment Market In APAC Sizing
• Test And Measurement Equipment Market In APAC Forecast
• Test And Measurement Equipment Market In APAC Analysis

Test and measurement equipment market in APAC: Drivers & Challenges

The key factor driving the T and M equipment industry in Asia-Pacific (APAC) growth is the expansion of telecommunication networks. According to Global System for Mobile Communications Association (GSMA), China's 5G connections are expected to reach 893 million by 2025. In addition, mobile data traffic is expected to grow from 12 GB/ smartphone/ month in 2020 to 37 GB/smartphone/month. The rise in Internet traffic is attributed to the increase in mobile Internet subscribers and the sales of smartphones in the region. The standardization of the 5G telecommunication network ahead of schedule is expected to increase the investment in cell tower and network infrastructure upgrading during the forecast period. There has been a continuous expansion of 4G networks in APAC. It is expected that 4G networks will be available to 69% of the population in APAC by 2025. These factors are expected to drive the demand for T&M equipment in APAC during the forecast period.

However, the key challenges to the test and measurement equipment industry in APAC growth are the rising demand for rental T and M equipment and outsourcing due to the emergence of new third-party service providers. Although significant demand for T&M equipment arises from field applications, the R&D, manufacturing, and standalone projects represent considerable scope for growth of T&M rental and outsourcing. For instance, the global SATS market witnesses many vendors opting for outsourcing packaging and testing operations of semiconductor and chipset devices to dedicated service providers. The adoption of T&M equipment renting and outsourcing is expected to continue to grow in the future, especially among small- and medium-scale enterprises due to the limited capital budget and low cost of T&M equipment rental and outsourcing. This will negatively affect the sales revenue of vendors in the T&M equipment market during the forecast period.

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Test and measurement equipment market in APAC: Segmentation Analysis

The test and measurement equipment market in APAC analysis includes segmentation by product (GPTE, ATE, WTE, calibration, and others), end-user (electronics, communication, general industry, A and D, and others), and geography (Japan, South Korea, China, Taiwan, and Rest of APAC).

Technavio report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

The test and measurement equipment market in APAC is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Advantest Corp.
• Agilent Technologies Inc.
• Anritsu Corp.
• Bruker Corp.
• Cohu Inc.
• EXFO Inc.
• Fortive Corp.
• Hitachi Ltd.
• HORIBA Ltd.
• Keysight Technologies Inc.
• National Instruments Corp.
• Oxford Instruments Plc
• Renishaw Plc
• Rohde and Schwarz GmbH and Co. KG
• Spirent Communications Plc
• Teradyne Inc.
• Thermo Fisher Scientific Inc.
• Viavi Solutions Inc.
• Yokogawa Electric Corp.
• NetScout Systems Inc.

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Key Topics Covered:

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 Country 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 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 14: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on APAC: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Regional - Market size and forecast 2021-2026 ($ million)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 25: Chart on Product - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product
• Exhibit 27: Chart on Comparison by Product
• Exhibit 28: Data Table on Comparison by Product

• 5.3 GPTE - Market size and forecast 2021-2026
• Exhibit 29: Chart on GPTE - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on GPTE - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on GPTE - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on GPTE - Year-over-year growth 2021-2026 (%)

• 5.4 ATE - Market size and forecast 2021-2026
• Exhibit 33: Chart on ATE - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on ATE - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on ATE - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on ATE - Year-over-year growth 2021-2026 (%)

• 5.5 WTE - Market size and forecast 2021-2026
• Exhibit 37: Chart on WTE - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on WTE - Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on WTE - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on WTE - Year-over-year growth 2021-2026 (%)

• 5.6 Calibration - Market size and forecast 2021-2026
• Exhibit 41: Chart on Calibration - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Data Table on Calibration - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Chart on Calibration - Year-over-year growth 2021-2026 (%)
• Exhibit 44: Data Table on Calibration - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026
• Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Product
• Exhibit 49: Market opportunity by Product ($ million)

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 50: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 51: Data Table on End-user - Market share 2021-2026 (%)

• 6.2 Comparison by End-user
• Exhibit 52: Chart on Comparison by End-user
• Exhibit 53: Data Table on Comparison by End-user

• 6.3 Electronics - Market size and forecast 2021-2026
• Exhibit 54: Chart on Electronics - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Electronics - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Electronics - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Electronics - Year-over-year growth 2021-2026 (%)

• 6.4 Communication - Market size and forecast 2021-2026
• Exhibit 58: Chart on Communication - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Communication - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Communication - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Communication - Year-over-year growth 2021-2026 (%)

• 6.5 General industry - Market size and forecast 2021-2026
• Exhibit 62: Chart on General industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on General industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on General industry - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on General industry - Year-over-year growth 2021-2026 (%)

• 6.6 A and D - Market size and forecast 2021-2026
• Exhibit 66: Chart on A and D - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on A and D - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on A and D - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on A and D - Year-over-year growth 2021-2026 (%)

• 6.7 Others - Market size and forecast 2021-2026
• Exhibit 70: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 6.8 Market opportunity by End-user
• Exhibit 74: Market opportunity by End-user ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview
• Exhibit 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation
• Exhibit 76: Chart on Market share by geography - 2021-2026 (%)
• Exhibit 77: Data Table on Market share by geography - 2021-2026 (%)

• 8.2 Geographic comparison
• Exhibit 78: Chart on Geographic comparison
• Exhibit 79: Data Table on Geographic comparison

• 8.3 Japan - Market size and forecast 2021-2026
• Exhibit 80: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.4 South Korea - Market size and forecast 2021-2026
• Exhibit 84: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 8.5 China - Market size and forecast 2021-2026
• Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.6 Taiwan - Market size and forecast 2021-2026
• Exhibit 92: Chart on Taiwan - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on Taiwan - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on Taiwan - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Taiwan - Year-over-year growth 2021-2026 (%)

• 8.7 Rest of APAC - Market size and forecast 2021-2026
• Exhibit 96: Chart on Rest of APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on Rest of APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on Rest of APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Rest of APAC - Year-over-year growth 2021-2026 (%)

• 8.8 Market opportunity by geography
• Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges
• Exhibit 101: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 103: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 104: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 105: Vendors covered

• 11.2 Market positioning of vendors
• Exhibit 106: Matrix on vendor position and classification

• 11.3 Advantest Corp.
• Exhibit 107: Advantest Corp. - Overview
• Exhibit 108: Advantest Corp. - Business segments
• Exhibit 109: Advantest Corp. - Key offerings
• Exhibit 110: Advantest Corp. - Segment focus

• 11.4 Agilent Technologies Inc.
• Exhibit 111: Agilent Technologies Inc. - Overview
• Exhibit 112: Agilent Technologies Inc. - Business segments
• Exhibit 113: Agilent Technologies Inc. - Key news
• Exhibit 114: Agilent Technologies Inc. - Key offerings
• Exhibit 115: Agilent Technologies Inc. - Segment focus

• 11.5 Anritsu Corp.
• Exhibit 116: Anritsu Corp. - Overview
• Exhibit 117: Anritsu Corp. - Business segments
• Exhibit 118: Anritsu Corp. - Key news
• Exhibit 119: Anritsu Corp. - Key offerings
• Exhibit 120: Anritsu Corp. - Segment focus

• 11.6 Bruker Corp.
• Exhibit 121: Bruker Corp. - Overview
• Exhibit 122: Bruker Corp. - Business segments
• Exhibit 123: Bruker Corp. - Key news
• Exhibit 124: Bruker Corp. - Key offerings
• Exhibit 125: Bruker Corp. - Segment focus

• 11.7 EXFO Inc.
• Exhibit 126: EXFO Inc. - Overview
• Exhibit 127: EXFO Inc. - Business segments
• Exhibit 128: EXFO Inc. - Key news
• Exhibit 129: EXFO Inc. - Key offerings
• Exhibit 130: EXFO Inc. - Segment focus

• 11.8 Hitachi Ltd.
• Exhibit 131: Hitachi Ltd. - Overview
• Exhibit 132: Hitachi Ltd. - Business segments
• Exhibit 133: Hitachi Ltd. - Key news
• Exhibit 134: Hitachi Ltd. - Key offerings
• Exhibit 135: Hitachi Ltd. - Segment focus

• 11.9 HORIBA Ltd.
• Exhibit 136: HORIBA Ltd. - Overview
• Exhibit 137: HORIBA Ltd. - Business segments
• Exhibit 138: HORIBA Ltd. - Key news
• Exhibit 139: HORIBA Ltd. - Key offerings
• Exhibit 140: HORIBA Ltd. - Segment focus

• 11.10 Keysight Technologies Inc.
• Exhibit 141: Keysight Technologies Inc. - Overview
• Exhibit 142: Keysight Technologies Inc. - Business segments
• Exhibit 143: Keysight Technologies Inc. - Key news
• Exhibit 144: Keysight Technologies Inc. - Key offerings
• Exhibit 145: Keysight Technologies Inc. - Segment focus

• 11.11 National Instruments Corp.
• Exhibit 146: National Instruments Corp. - Overview
• Exhibit 147: National Instruments Corp. - Business segments
• Exhibit 148: National Instruments Corp. - Key news
• Exhibit 149: National Instruments Corp. - Key offerings
• Exhibit 150: National Instruments Corp. - Segment focus

• 11.12 Yokogawa Electric Corp.
• Exhibit 151: Yokogawa Electric Corp. - Overview
• Exhibit 152: Yokogawa Electric Corp. - Business segments
• Exhibit 153: Yokogawa Electric Corp. - Key offerings
• Exhibit 154: Yokogawa Electric Corp. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist
• Exhibit 155: Inclusions checklist
• Exhibit 156: Exclusions checklist

• 12.3 Currency conversion rates for US$
• Exhibit 157: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 158: Research methodology
• Exhibit 159: Validation techniques employed for market sizing
• Exhibit 160: Information sources

• 12.5 List of abbreviations
• Exhibit 161: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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