Global Test and Measurement Equipment Market Overview
The Test and Measurement Equipment Market size was valued at USD 29,319.3 Million in 2024. The Test and Measurement Equipment industry is projected to grow from USD 30,658.5 Million in 2025 to USD 59,853.3 million by 2035, exhibiting a compound annual growth rate (CAGR) of 7.2% during the forecast period (2025-2035).
Growing Adoption of Consumer Electronic Devices and technological advancement in Telecommunications and Networking are driving the growth of the market.
As per Analyst at MRFR, “Increasing demand of consumer electronics and semiconductor devices in industries such as telecommunications, automotive, aerospace, and healthcare is a major factor driving the test & measurement equipment market. These sectors incorporate modern electronics into their designs, necessitating stringent testing to guarantee that components satisfy high reliability and performance criteria, which is further boosting the test & measurement equipment market forecast. The evolution of consumer electronics has increased the demand for precision testing equipment, which is driving market expansion. Apart from that, the growing number of IoT devices and the miniaturization and increased complexity of electronic components necessitate precise and accurate testing equipment. Compact devices with high-density circuits require advanced testing methods to detect and resolve issues that could affect performance and user experience.”
FIGURE 1: TEST AND MEASUREMENT EQUIPMENT MARKET VALUE (2019-2035) USD Million
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Test and Measurement Equipment Market Opportunity
Growing Adoption of 5G Cellular Technology
The extensive growth of 5G mobile technology is creating substantial prospects in the market for testing and measuring equipment. 5G provides quicker speeds, lower latency, and more reliable connections, which are essential for various applications such as consumer mobile services, advanced industrial tasks, and IoT applications. As telecommunications companies and device makers hurry to build and improve 5G networks, the need for accurate and advanced testing tools increases. The use of testing and measurement equipment is essential for the 5G networks' development, deployment, and operation. These tools ensure that 5G networks meet the required criteria for speed, reliability, and performance. They are employed for assessing signal integrity, spectral analysis, and network coverage. The increased demand for improved testing solutions is due to the introduction of new frequencies and more complex signal processing by 5G technology.
The rollout of 5G networks requires substantial investment in infrastructure, including the building of new base stations and small cells. Every element must undergo thorough testing to ensure optimal performance and compatibility. Moreover, as 5G technology advances, ongoing testing is necessary to support software upgrades and additional features. Therefore, the expansion of 5G networks is creating a flourishing market for test & measurement equipment. With the increasing prevalence of technology, there is expected to be a continuous growth in the need for these essential tools, creating significant opportunities for the companies within this sector.
Test and Measurement Equipment Market Segment Insights
Test and Measurement Equipment Offering Insights
Based on the offerings, the Test and Measurement Equipment Market has been segmented into Product and Services. The General-Purpose Test Equipment segment is currently enjoying healthy growth on account of the following factors. The use of smart-connected devices in various industries increases the need for GPTE since these devices need to be tested to meet quality and performance levels. Also, the advancement in implementation of industrial automation in aerospace, industrial, and electronics industries has also contributed to demand for GPTE. For smooth operation of the machines, automated control systems incorporate GPTE to control movements of machines. This shift decreases the demand for human labor, which means that components must be tested frequently, thus fueling the market in food and beverage, manufacturing, automotive, and energy and utilities industries. The diverse GPTE products are oscilloscopes, signal generators, digital multimeters, and power meters that are crucial to industries that emphasize quality, safety, productivity, and innovation. In addition, in the IT and telecommunications areas, GPTE is incorporated into the product manufacturing process so that complicated transformations and testing functions are performed. With many connected IoT devices, cars, home devices, and industrial equipment in use, extensive testing is required, thus boosting the need for GPTE.
FIGURE 2: TEST AND MEASUREMENT EQUIPMENT MARKET SHARE BY TYPE 2024 and 2035 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Test and Measurement Equipment Application Type Insights
Based on application, the Test and Measurement Equipment Market has been segmented into Aerospace & Defense, Healthcare & Medical Equipment, Telecommunication, Electronics & Semiconductor, Industrial & Manufacturing, Automotives, and Others. The electronics and semiconductor industries are particularly witnessing a surge in demand for T&M equipment because of improvements in technology and the sophistication of devices. The IOT consumer electronics including the smart phone, tablets, wearable devices should be tested in the most precise manner to guarantee the performance, reliability and safety to be used. With development in the integration and miniaturization of electronic devices, it is compulsory to use advanced T&M equipment for testing functionality and quality. Semiconductor industry, which is based on the development of chips’ design and manufacture, requires the testing at every stage of production. The semiconductor manufacturers require the T&M equipment for testing of wafers, testing of ICs and system level testing for defects and standard compliance. The drive towards miniaturization, speed and energy efficiency takes the pressure on T&M solutions to even higher levels.
Test and Measurement Equipment Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. In North America, the consumption of Test and Measurement (T&M) equipment remains high and is increasing because of the following reasons. The region is technologically advanced and has made enormous research and development spendings in the fields of telecommunication, aviation space, automobile, and health. Fast-paced implementation of modern technologies like 5G, IoT, and self-driving cars creates the demand for complex T&M solutions for performance, quality, and conformity with the required norms and requirements. Industry 4.0 is thus implemented by North American companies as leading key players in the industrial revolution. 0, smart manufacturing processes and automation, which in turn creates a stronger need for high-precision T&M equipment. Also, the trends that focus on data and quality in various industries, including pharmaceutical and consumer electronics, also play a role in the growth of sophisticated testing needs. The region is highly innovative, the latest infrastructure and technology investments also are other factors that help in sustaining the market for T&M equipment
Europe is a rapidly growing market for T&M equipment, mainly due to the continent’s focus on the development of new technologies and adherence to guidelines. Automotive, aerospace, telecommunication and industrial manufacturing industries are some of the key industries in Europe where industries are implementing advanced technologies for which advanced T&M solutions are needed. The automotive industry for instance is combining electric and self-driving cars hence requiring sophisticated testing to ensure that the vehicles are safe and efficient. The telecommunication industry in Europe is already in the process of implementing 5G networks, thus, there is demand for efficient RF and network testing solutions. Also, owing to the strict rules and regulations pertaining to safety of the products and environment in Europe, there is a requirement for the accurate and consistent testing solutions. The particular interest of the area in utilizing sustainable and innovative approaches in sources of energy also influences the increasing demand for the T&M equipment.
The Asia-Pacific region is therefore witnessing a steep rise in T&M equipment consumption due to industrialization, development of new technologies, as well as the growing population. The Asian countries such as China, India, Japan, and South Korea are the pioneers of technology and manufacturing industry, which demands the advanced T&M solutions in various fields. Growing infrastructural development towards smart city and its various projects along with electronics and telecommunication industries and automotive industries plays a vital role in escalating the demand for high-performance testing equipment. The expansion of 5G networks at a very progressive rate and the emphasis on semiconductor manufacturing and consumer electronics also increase the demand for improved T&M solutions.
In Middle East and Africa the demand of Test and Measurement (T&M) equipment is on rise owing to the overall economic growth and infrastructural development. Currently, the Middle Eastern countries are rapidly developing in fields like telecommunications, energy, and construction, which in turn demands the application of sophisticated T&M solutions. The ever-growing telecommunication networks as well as the current and future implementation of 5G technology require test and instrumentation equipment that can effectively test the networks to detect any flaws. Also, the oil and gas industry, especially in the region needs testing solutions on equipment and structures to ensure efficiency and safety. In Africa, the demand for T&M equipment is boosted by infrastructure projects such as transport and energy among others. The subject to modernization of industries in the region and their inclination towards the new technologies also plays a role in the growth of T&M equipment market.
In South America, Test and Measurement (T&M) equipment is on the rise, largely due to industrialization and development. The region has expanding applications in industries like telecoms, energy, manufacturing, etc., hence the need for enhanced T&M systems. The establishment of new telecommunication networks such as 4G and 5G need advanced testing equipment to check on the performance of the networks as well as their reliability. T&M equipment is used in the energy sector especially in the oil and gas industry for equipment maintenance and functioning. Also, the manufacturing industry has been gradually embracing automation and other innovations, and therefore requires more accurate testing. South America is also stressing on the development of infrastructures, like transportation and utilities, which in return is helping the T&M equipment market to grow
FIGURE 3: TEST AND MEASUREMENT EQUIPMENT MARKET VALUE BY REGION 2024 and 2035 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the countries considered in the scope of the Test and Measurement Equipment Market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
Arcade Game Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Test and Measurement Equipment market grow even more. Market participants are also taking a range of strategic initiatives to grow their footprint globally, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Test and Measurement Equipment industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
In the competitive Test and Measurement Equipment industry, companies are driving innovation by developing integrated Test and Measurement Equipment solutions with strong compatibility and scalable connectivity options. According to MRFR analysis, the key players in the Test and Measurement Equipment sector include Staubli, Pomona Electronics, Cheng Feng Instrument Accessories, Amass, Schnepp GmbH, Radiall, Mueller Electric, SilverTronic.
These companies continue to shape the market by innovating and expanding their Offering Type which include Product and Services. Established companies like Staubli, Pomona Electronics, Cheng Feng Instrument Accessories and others have significant competitive advantages due to their strong brand recognition, extensive distribution networks, and substantial investments in technology and innovation.
Keysight Technologies (Keysight) manufactures electronic testing solutions, measuring devices and software. It provides services and software creation to serve a wide range of applications including aerospace and defense, automotive, healthcare, energy, semiconductors, e-commerce, commercial communications, communications, general power, retail, education, government, and other services provided. Provides uptime services, application services, asset management, equipment calibration and repair services, consulting and customization services The company provides thermal imager detector products and related products, related software and related services. Its products are used in the optimization, deployment, installation, development, fabrication, simulation, design, certification and safety of industrial electronic systems
Key Companies in the Test and Measurement Equipment Market include
Test and Measurement Equipment Market Industry Developments
July 2023 : Keysight Technologies, Inc. expands its FieldFox portfolio with the new N9912C FieldFox Handheld Analyzer, a software-defined radio frequency (RF) test platform for field technicians with over 20 vector network analyzers (VNAs), a cable antenna tester (CAT), and development na downloads the Spectrum Analyzer (SA) options. The new FieldFox C-model offers more than 20 vector network analyzer and spectrum analyzer options for upgrades and downloads, with an enhanced software licensing key.It allows engineers to pay for the power they need in a single, powerful manual probe. It provides a wide spectrum and network analysis up to 3 kHz.
March 2024: Fluke Corp, a wholly owned subsidiary of Fortive Corporation] and a global leader in test and measurement instruments, announced the launch of the PVA-1500 Series I-V curve tracer, designed to empower utility-scale solar technicians with speed, accuracy, and streamlined testing operations for effective service and maintenance. This innovative tool addresses the critical need for efficient and reliable PV array testing, ultimately optimizing performance and maximizing ROI.
November 2022: NI today announced its most versatile and capable Vector Signal Transceiver (VST), the 3rd generation PXIe-5842 VST. NI designed the 3rd Generation VST to provide customers the ability to build the next generation of wireless products.
December 2023: ACS RTDI is a real-time data infrastructure that securely collects, analyzes, stores and monitors semiconductor test data to empower customers to automate the process of converting insights into actionable test decisions within milliseconds.
Test and Measurement Equipment Market Segmentation
Test and Measurement Equipment Gas Outlook
| Report Attribute/Metric | Details |
| Market Size 2024 | USD 29,319.3 million |
| Market Size 2025 | USD 30.658.5 million |
| Market Size 2035 | USD 59,853.3 million |
| Compound Annual Growth Rate (CAGR) | 7.2 % (2018-2035) |
| Base Year | 2024 |
| Forecast Period | 2025-2035 |
| Historical Data | 2019-2023 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Revenue Mode, Component, Genre, Target User Age Group, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, and South America |
| Countries Covered | The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil |
| Key Companies Profiled | Staubli, Pomona Electronics, Cheng Feng Instrument Accessories, Amass, Schnepp GmbH, Radiall, Mueller Electric, SilverTronic. |
| Key Market Opportunities | · Growing Adoption of 5G Cellular Technology · Commercialization of IOT |
| Key Market Dynamics | · Growing Adoption of Consumer Electronic Devices · Technological Advancement in Telecommunication and Networking |
Frequently Asked Questions (FAQ) :
USD 29,319.3 Million in 2024
7.2%
Asia - Pacific
Staubli, Pomona Electronics, Cheng Feng Instrument Accessories, Amass, Schnepp GmbH, Radiall, Mueller Electric, SilverTronic.
The Product dominated the market in 2024
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
