The global test and measurement equipment market size accounted for USD 35,688 million in 2024 and is expected to exceed around USD 62,126 million by 2034, growing at a CAGR of 5.7% from 2024 to 2034.
The test and measurement equipment market is an integral segment of the semiconductor and electronics industry. Test and measurement equipment is utilized across various industries for analyzing, measuring and verifying the functionality of components, systems and products. It is essential for quality control, product development, research and troubleshooting with applications in electronics manufacturing, automotive, aerospace, healthcare and research labs which extensively use tools like voltmeters, oscilloscopes, signal generators, spectrum analyzers and many more for evaluating electrical parameters, signal integrity and performance characteristics ultimately driving the market demand for these equipments.
The rising influence of test and measurement equipment in various end-use industries, growing demand, novel innovations, integration of advanced technologies like artificial intelligence (AI), Internet of Things (IoT), modular instrumentations and complex technologies with investment in R&D for expansion of technologies and software upgrades for enhancing the accuracy, flexibility, functionality, automation and cost-efficiency of these equipments is driving the market growth.
The surging demand for wireless testing equipments with high bandwidth and quick testing features is one of the factors creating opportunities for the market players in the approaching years.
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
| Stats ID: | 7702 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7702 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
Unlock unlimited access to all exclusive market research reports, empowering your business.
Get industry insights at the most affordable plan
Stay ahead of the competition with comprehensive, actionable intelligence at your fingertips!
Learn More
