Product Code: GVR-4-68040-600-6
Test And Measurement Equipment Market Growth & Trends:
The global test and measurement equipment market size is anticipated to reach USD 43.95 billion by 2030, growing at a CAGR of 4.5% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is driven by the growing complexity of electronic devices and systems across industries such as automotive, telecommunications, and aerospace. The emergence of advanced technologies like 5G, IoT, and AI increases the need for precise testing to ensure optimal performance, reliability, and regulatory compliance.
Market opportunities in the market for test and measurement equipment are expanding rapidly. Rapid expansion of Electric Vehicles (EVs) and Autonomous Technologies, including ADAS, is driving a heightened demand for advanced test and measurement equipment. These systems depend on intricate power electronics, precision sensors, and reliable communication networks, all requiring thorough testing to ensure safety, performance, and compliance.
Regulatory pressures play a crucial role in shaping the test and measurement equipment industry by mandating strict quality, safety, and performance standards across various industries. Adhering to international frameworks like ISO and IEC, along with regional guidelines, ensures product reliability but also adds to development costs and complexity. While they promote innovation and higher equipment standards, regulations can delay time-to-market and pose challenges for smaller companies due to ongoing certification demands.
Top market players, such as Keysight Technologies and Fortive Corporation, are focusing on various strategic initiatives to stay competitive and broaden their market presence. Significant investments in R&D are being made to create innovative, high-precision, and multifunctional testing solutions tailored for emerging technologies like 5G, IoT, and electric vehicles. Collaborations, mergers, and acquisitions are also helping expand product portfolios and global reach. Additionally, many are driving digital transformation by integrating AI and cloud-based analytics into their offerings.
Test And Measurement Equipment Market Report Highlights:
- Based on product type, the General Purpose Test Equipment (GPTE) segment dominated the market in 2024, due to the growing demand for electronic devices, wireless communication systems, and automotive electronics. Instruments like oscilloscopes, signal generators, and multimeters are essential across industries for R&D, maintenance, and troubleshooting. Rising investments in 5G, IoT, and semiconductor technologies are further driving the need for accurate testing solutions.
- Based on service type, the calibration services segment led the market in 2024. Industries like aerospace, automotive, healthcare, and telecommunications increasingly depend on precise measurements, making regular calibration essential to meet strict regulatory standards and maintain operational efficiency.
- Based on end use, the automotive and transportation segment led the market in 2024, driven by the growing complexity of modern vehicle,s including the rise of electric vehicles and autonomous driving technologies.
- Based on region, Asia Pacific dominated the market in 2024,driven by rapid industrialization, rising electronics manufacturing, and heightened demand for quality testing in automotive, semiconductor, and telecommunications industries. Additionally, significant investments in R&D and infrastructure are contributing to the region's strong growth.
- In January 2025, Teradyne and Infineon Technologies announced a strategic partnership to advance power semiconductor testing. As part of the collaboration, Teradyne will acquire Infineon's automated test equipment (ATE) technology and the associated development team based in Regensburg, Germany.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Third Party Perspective
- 1.4.5. Information Analysis
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.5.2. Market Formulation & Data Visualization
- 1.5.3. Data Validation & Publishing
- 1.6. Research Scope and Assumptions
- 1.6.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Test and Measurement Equipment Market Variables, Trends, & Scope
- 3.1. Market Concentration & Penetration Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Drivers Analysis
- 3.5.2. Market Restraints Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.6. Test and Measurement Equipment Market Analysis Tools
- 3.6.1. Porter's Analysis
- 3.6.1.1. Bargaining power of the suppliers
- 3.6.1.2. Bargaining power of the buyers
- 3.6.1.3. Threats of substitution
- 3.6.1.4. Threats from new entrants
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Economic and Social landscape
- 3.6.2.3. Technological landscape
- 3.6.2.4. Environmental landscape
- 3.6.2.5. Legal landscape
- 3.7. Economic Mega Trend Analysis
Chapter 4. Test and Measurement Equipment Market: Product Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Test and Measurement Equipment Market: Product Type Movement Analysis, USD Million, 2024 & 2030
- 4.3. General Purpose Test Equipment
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
- 4.4. Mechanical Test Equipment
- 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
Chapter 5. Test and Measurement Equipment Market: Service Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Test and Measurement Equipment Market: Service Type Movement Analysis, USD Million, 2024 & 2030
- 5.3. Calibration Services
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Repair Services/After-Sales Services
- 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Test and Measurement Equipment Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Test and Measurement Equipment Market: End Use Movement Analysis, USD Million, 2024 & 2030
- 6.3. Automotive and Transportation
- 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Aerospace and Defense
- 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. IT and Telecommunication
- 6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Education
- 6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Semiconductor and Electronics
- 6.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Others
- 6.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Test and Measurement Equipment Market: Regional Estimates & Trend Analysis
- 7.1. Test and Measurement Equipment Market Share, By Region, 2024 & 2030, USD Million
- 7.2. North America
- 7.2.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.2.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.2.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.5.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.2.5.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.2.5.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.6.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.2.6.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.2.6.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.7.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.2.7.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.2.7.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.3.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.3.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.3.5.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.3.5.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.3.6. UK
- 7.3.6.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.3.6.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.3.6.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.3.7.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.3.7.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.3.8.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.3.8.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.3.9.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.3.9.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.4.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.4.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.4.5.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.4.5.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.4.6.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.4.6.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.4.7.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.4.7.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.8.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.4.8.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.4.8.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.9.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.4.9.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.4.9.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.5.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.5.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.5.5.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.5.5.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.5.6. Argentina
- 7.5.6.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.5.6.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.5.6.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.6.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.6.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.6.5. UAE
- 7.6.5.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.6.5.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.6.5.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.6.6. Saudi Arabia
- 7.6.6.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.6.6.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.6.6.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. Test and Measurement Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.7.2. Test and Measurement Equipment Market Estimates and Forecasts by Product Type, 2018 - 2030 (USD Million)
- 7.6.7.3. Test and Measurement Equipment Market Estimates and Forecasts by Service Type, 2018 - 2030 (USD Million)
- 7.6.7.4. Test and Measurement Equipment Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis, 2024
- 8.5. Company Heat Map Analysis, 2024
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. Keysight Technologies
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Strategic Initiatives
- 8.7.2. Fortive Corporation
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Strategic Initiatives
- 8.7.3. AMETEK, Inc.
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Strategic Initiatives
- 8.7.4. Rohde & Schwarz
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Strategic Initiatives
- 8.7.5. National Instruments (NI)
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Strategic Initiatives
- 8.7.6. Teledyne Technologies
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Strategic Initiatives
- 8.7.7. VIAVI Solutions
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Strategic Initiatives
- 8.7.8. Anritsu Corporation
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Strategic Initiatives
- 8.7.9. Yokogawa Electric Corporation
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Strategic Initiatives
- 8.7.10. Advantest Corporation
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Strategic Initiatives
- 8.7.11. EXFO Inc.
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Product Benchmarking
- 8.7.11.4. Strategic Initiatives
- 8.7.12. Fujian Lilliput Optoelectronics Technology Co., Ltd (OWON)
- 8.7.12.1. Participant's Overview
- 8.7.12.2. Financial Performance
- 8.7.12.3. Product Benchmarking
- 8.7.12.4. Strategic Initiatives
- 8.7.13. IKM Instrutek
- 8.7.13.1. Participant's Overview
- 8.7.13.2. Financial Performance
- 8.7.13.3. Product Benchmarking
- 8.7.13.4. Strategic Initiatives
- 8.7.14. Uni-Trend Technology Co., Ltd.
- 8.7.14.1. Participant's Overview
- 8.7.14.2. Financial Performance
- 8.7.14.3. Product Benchmarking
- 8.7.14.4. Strategic Initiatives
- 8.7.15. Particle Measuring Systems (Spectris)
- 8.7.15.1. Participant's Overview
- 8.7.15.2. Financial Performance
- 8.7.15.3. Product Benchmarking
- 8.7.15.4. Strategic Initiatives