The global test and measurement market has witnessed a substantial growth in recent years. The rise in the adoption of electronic devices as well as increased penetration of modular instruments are the key factors fuelling the growth of test and measurement equipment market. Apart from this, the technological advancements coupled with increased penetration of internet of things devices are the other major factors propelling the growth of test and measurement equipment market.
The general-purpose test equipment segment by product is expected to grow at the highest rate during the forecast period owing to the increased demand from end-use sectors majorly consumer electronics as well as IT and Telecommunication sectors. Industrial segment by end-use sector is expected to hold a substantial market share during the forecast period.
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Asia-Pacific is estimated to hold the largest market share in the global test and measurement equipment market owing to increased demand from end-use sectors majorly automotive, IT and Telecommunication as well as Industrial sectors. China, India and Japan are the key countries which hold immense opportunity for growth of test and measurement equipment market.
This research report on test and measurement equipment market provides in-depth analysis of the global test and measurement equipment market based on product, end-use sector and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for test and measurement equipment market. The report also analyses the competitive landscape and the major player and their key strategies in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field including Cobham, Fortive , Rohde & Schwarz , Keysight , Advantest , National Instruments , Anritsu , Teledyne , Texas Instruments , Viavi
Key questions this research would answer:
• Is the test and measurement equipment market growing? How long will it continue to grow and at what rate?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
• What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the test and measurement equipment market?
• Who are the various end-use sectors and how they are poised to grow?
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About GMI Research
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GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomics factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.
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