Global Test and Measurement Equipment Market Overview:
Test and measurement equipment are used to measure and find physical properties, electrical signals and biological interactions of an objects. These equipment are used across industries such as automotive, pharmaceuticals, biotechnology, communications and others. All manufactured equipment are subjected to undergo wide range of tastes with an aim to find defects and minimize them. Increasing focus on accuracy and precision are expected to offer a great platform for key players to strengthen their market presence while new entrants can seek to establish their footprint through products innovation.
- Growing Focus on Reducing Waste by Focusing on Precision
- High Penetration of Modular Instrumentation
- Rising Adoption n Telecommunication Sectors
- Focus by Manufacturers to Deliver Lighter, Thinner, Accurate and High Performance Products
- Volatility in Prices of Test and Measurement Equipment
- Dominance of Rental and Leasing Services
- Growing IoT Application and Advent of 5G Technology
- Rising Market for Modular Instrument
- Intricacy and Complexity Involved in Calibration
Some of the key players profiled in the report are Fortive Corporation [United States], Rohde & Schwarz GmbH & Co. KG [Germany], Anritsu Corporation [Japan], Keysight Technologies [United States], Yokogawa Electric Corporation [Japan], National Instruments Corporation [United States], EXFO, Inc. [Canada], Advantest Corporation [Japan], VIAVI Solutions Inc. [United States], Teledyne Technologies Inc. [United States] and Texas Instruments Incorporated [United States]. Additionally, following companies can also be profiled that are part of our coverage like Bureau Veritas [France], Fastech Telecommunications [India], JDSU [United States], Qmax Test Equipments Pvt Ltd. [India], Sumitomo Corporation [Japan] and premier-measurement-solutions [India]. Analyst at AMA Research see United States Vendors to retain maximum share of Global Test and Measurement Equipment market by 2025. Considering Market by End Users, the sub-segment i.e. Aerospace and defense will boost the Test and Measurement Equipment market.
Amid growing competition, companies are focusing on launching new products to stay competitive in the market. Recently, in July 2018, Tektronix launched RSA500 which is a battery powered USB based spectrum. Also, it launched RSA513A and RSA518A analyzers which provide 13 GHz and 18 GHz frequency ranges, respectively. In same year, Keysight, United States based company also launched a test and measurement solutions for Hybrid Electric Vehicle (HEV)/Electric Vehicle (EV), and Home Energy Management Systems (HEMS) markets.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Test and Measurement Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Test and Measurement Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Test and Measurement Equipment Manufacturers, End-user Industries, Potential Investors, Government Agency and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.