Test and Measurement Equipment Market Report 2025 (Global Edition)

Global Test and Measurement Equipment Market Report 2025 Market Size Split by Product Type Outlook: (GPTE, MTE), by Vertical Outlook: (Automotive & Transportation, Aerospace & Defense, IT & Telecommun...

Test and Measurement Equipment Market Report Description

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Competitive Landscape of the Test and Measurement Equipment Market

The Test and Measurement Equipment market is highly competitive, with key players offering a broad range of innovative products, including oscilloscopes, signal analyzers, and network testers, catering to diverse industries like telecommunications, aerospace, automotive, and healthcare. Additionally, smaller specialized players focus on niche segments. Companies are investing in research and development to enhance accuracy, automation, and connectivity while also forming strategic partnerships to expand their market presence.

In November 2024, Advantest Corporation introduced the DC Scale XHC32, a new 32-channel power supply for the V93000 EXA Scale SoC test platform. This power supply supports up to 640A, meeting the increasing power demands of AI accelerators, HPC chips, GPUs, and other high-current devices. It offers features like flexible channel ganging, fast response, and extended profiling, ensuring efficient high-power device testing while reducing the cost of testing by protecting probe cards and test sockets. (Source: https://www.advantest.com/en/news/2024/20240515.html) In February 2021, National Instruments Corporation launched the PXIe-5842, the third-generation PXI Vector Signal Transceiver (VST). The PXIe-5842 offers continuous frequency coverage from 30 MHz to 26.5 GHz and doubles the instantaneous bandwidth to 2 GHz compared to previous models. This VST is designed to meet the needs of modern wireless communication standards, including Wi-Fi 7 and 5G, and is particularly suited for RF design validation, production testing, and sub-THz (6G) research. The device features advanced error vector magnitude (EVM) performance and high output power, making it ideal for applications requiring high-fidelity signal generation and analysis. (Source: https://www.ni.com/en/shop/wireless-design-test/vector-signal-transceivers/what-is-vst/pxie-5842-third-gen-vst.html?srsltid=AfmBOopNx8a3PwUj5gHkqry4tmSGLnIvCkzXpwEHa8t3xkx4EW5PBQfT)

Top Companies Market Share in Test and Measurement Equipment Industry: (In no particular order of Rank)

• Agilent Technologies
• Tektronix
• Rohde & Schwarz
• National Instruments (NI)
• Fluke Corporation
• Anritsu
• Yokogawa Electric Corporation
• Teledyne LeCroy
• Advantest Corporation
• EXFO Inc.
• VIAVI Solutions
• Texas Instruments
• Rigol Technologies
• B&K Precision
• Chroma ATE Inc.
• GW Instek
• Hioki E.E. Corporation
• OMICRON Electronics
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Test and Measurement Equipment Market

Which Region Dominates the Test and Measurement Equipment Market in 2024?

According to Cognitive Market Research, North America currently dominates the Test and Measurement Equipment market, and the region is expected to have significant growth during the projected period. This is due to advanced technological infrastructure, strong demand across industries like aerospace, telecommunications, and automotive, and significant investments in research and development.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rapid industrialization, expanding electronics and telecommunications sectors, and increasing investments in manufacturing and automation.

The current report Scope analyzes Test and Measurement Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Test and Measurement Equipment Market Analysis

According to Cognitive Market Research, the global Test and Measurement Equipment market size was estimated at USD 39214.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 15685.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Test and Measurement Equipment market with a market size of USD 12376.10 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period due to the growing adoption of automation and Industry 4.0 technologies.
• The Canada Test and Measurement Equipment market had a market share of USD 1882.30 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period due to the increasing investments in research and development across various sectors.
• The Mexico Test and Measurement Equipment market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 1427.41 million in 2024.

Europe Test and Measurement Equipment Market Analysis

According to Cognitive Market Research, the global Test and Measurement Equipment market size was estimated at USD 39214.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 11764.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• The United Kingdom Test and Measurement Equipment market had a market share of USD 1976.41 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. In the UK, Test and Measurement Equipment sales witness an upswing due to the increased demand for quality control and compliance in manufacturing processes.
• The France Test and Measurement Equipment market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 1082.32 million in 2024.
• According to Cognitive Market Research, the German Test and Measurement Equipment market size was valued at USD 2329.34 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. In Germany, Test and Measurement Equipment surged due to the growing adoption of IoT and automation technologies.
• The Italy Test and Measurement Equipment market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 1011.73 million in 2024.
• The Russia Test and Measurement Equipment market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 1823.47 million in 2024.
• The Spain Test and Measurement Equipment market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 964.68 million in 2024
• The Luxembourg Test and Measurement Equipment market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 364.69 million in 2024.
• The Portugal Test and Measurement Equipment market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 247.05 million in 2024.
• The Greece Test and Measurement Equipment market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 141.17 million in 2024.
• The Rest of Europe's Test and Measurement Equipment market is projected to witness growth at a CAGR of 1.4% during the forecast period, with a market size of USD 1823.47 million in 2024.

Asia Pacific Test and Measurement Equipment Market Analysis

According to Cognitive Market Research, the global Test and Measurement Equipment market size was estimated at USD 39214.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 9019.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Test and Measurement Equipment market size was valued at USD 4058.70 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Test and Measurement Equipment surged in China due to increased demand for precision and quality control in manufacturing sectors.
• The Japan Test and Measurement Equipment market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1244.67 million in 2024.
• The India Test and Measurement Equipment market had a market share of USD 1082.32 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period due to the growing adoption of automation and smart technologies.
• The South Korean Test and Measurement Equipment market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 901.93 million in 2024.
• The Australian Test and Measurement Equipment market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 469.01 million in 2024.
• The South East Asia Test and Measurement Equipment market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 622.33 million in 2024.
• The Rest of Asia Pacific Test and Measurement Equipment market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 640.37 million in 2024.

South America Test and Measurement Equipment Market Analysis

According to Cognitive Market Research, the global Test and Measurement Equipment market size was estimated at USD 39214.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1960.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Test and Measurement Equipment market size was valued at USD 839.19 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Test and Measurement Equipment flourished in Brazil due to the expansion of the telecommunications sector.
• Argentina's Test and Measurement Equipment market had a market share of USD 329.40 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period due to the increased government investment in infrastructure and technology development.
• Colombia Test and Measurement Equipment market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 174.50 million in 2024.
• Peru Test and Measurement Equipment market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 160.78 million in 2024.
• Chile Test and Measurement Equipment market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 141.17 million in 2024.
• The Rest of Latin America's Test and Measurement Equipment market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 315.68 million in 2024.

Middle East Test and Measurement Equipment Market Analysis

According to Cognitive Market Research, the global Test and Measurement Equipment market size was estimated at USD 39214.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 784.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031..

• The GCC Countries Test and Measurement Equipment market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 335.68 million in 2024. Test and Measurement Equipment sales flourish due to the advancements in infrastructure and construction projects.
• The Egypt Test and Measurement Equipment market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 82.35 million in 2024.
• The South Africa Test and Measurement Equipment market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 123.92 million in 2024. Test and Measurement Equipment sales flourished in South Africa due to a growing emphasis on quality control and regulatory compliance.
• The Turkey Test and Measurement Equipment market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 67.45 million in 2024.
• The Nigeria Test and Measurement Equipment market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 82.35 million in 2024.
• The Rest of the MEA Test and Measurement Equipment market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 92.55 million in 2024.

Test and Measurement Equipment Market Analysis

How are Segments Performing in the Global Test and Measurement Equipment Market?

Test and Measurement Equipment Market Product Type Segment Analysis

According to Cognitive Market Research, GPTE is likely to dominate the Test and Measurement Equipment Market over the forecast period by offering versatile, cost-effective solutions suitable for various industries. Its wide application in electrical, electronic, and telecommunications testing makes it essential across sectors, driving demand. GPTE's scalability and adaptability to technological advancements contribute to its market leadership.

The GPTE is the fastest-growing segment in the Test and Measurement Equipment Market due to its versatility and wide application across industries. GPTE offers cost-effective, multi-functional solutions catering to diverse testing needs in sectors like electronics, automotive, and telecommunications, driving its increasing adoption and demand.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Test and Measurement Equipment Industry. Request a Free Sample PDF!

Test and Measurement Equipment Market Vertical Segment Analysis

According to Cognitive Market Research, the automotive & transportation segment holds the largest share of the market due to the increasing complexity of modern vehicles and the need for precise diagnostics. T&M equipment is essential for testing electronic components, safety systems, and performance features, driving demand for advanced solutions in automotive manufacturing and maintenance.

In the Test and Measurement Equipment Market, the IT & telecommunication sector has been expanding at a rapid pace due to the rapid deployment of 5G networks and advancements in communication technologies. The need for high-precision testing solutions to ensure network reliability, signal integrity, and performance drives increased demand in this industry.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Test and Measurement Equipment Service Type Outlook: Segment Analysis

Test and Measurement Equipment Market Service Type Segment Analysis

According to Cognitive Market Research, the calibration services segment holds the largest market share due to its critical role in maintaining accuracy and compliance with industry standards. Regular calibration ensures equipment delivers precise measurements, which is essential for quality control, regulatory compliance, and operational efficiency across various sectors like automotive, healthcare, and electronics.

In the Test and Measurement Equipment market, the rapidly growing sector is the repair/after-sales services category due to the increasing complexity and longevity of instruments. As industries rely on high-precision equipment, demand for maintenance, calibration, and repair services has surged, ensuring optimal performance and extending the lifespan of costly devices.

• Calibration Services
• Repair/After-sales Services

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Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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