The global test and measurement equipment market size is calculated at USD 37.62 billion in 2025 and is forecasted to reach around USD 56.30 billion by 2034, accelerating at a CAGR of 4.58% from 2025 to 2034. The North America market size surpassed USD 15.10 billion in 2024 and is expanding at a CAGR of 4.59% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Test and Measurement Equipment Industry Impact
5.2. COVID-19 - Impact Assessment for the Industry
5.3. COVID-19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Test and Measurement Equipment Market Revenue and Volume, by Product
8.1.1 GPTE
8.1.1.1. Market Revenue and Volume Forecast
8.1.2. MTE
8.1.2.1. Market Revenue and Volume Forecast
9.1. Test and Measurement Equipment Market Revenue and Volume, by Service Type
9.1.1. Calibration Services
9.1.1.1. Market Revenue and Volume Forecast
9.1.2. Repair/After-sales Services
9.1.2.1. Market Revenue and Volume Forecast
10.1. Test and Measurement Equipment Market Revenue and Volume, by Vertical
10.1.1. Automotive & Transportation
10.1.1.1. Market Revenue and Volume Forecast
10.1.2. Aerospace & Defense
10.1.2.1. Market Revenue and Volume Forecast
10.1.3. IT & Telecommunication
10.1.3.1. Market Revenue and Volume Forecast
10.1.4. IT & Telecommunication
10.1.4.1. Market Revenue and Volume Forecast
10.1.5. Industrial
10.1.5.1. Market Revenue and Volume Forecast
10.1.6. Healthcare
10.1.6.1. Market Revenue and Volume Forecast
10.1.7. Semiconductor & Electronics
10.1.7.1. Market Revenue and Volume Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Product
11.1.2. Market Revenue and Volume Forecast, by Service Type
11.1.3. Market Revenue and Volume Forecast, by Vertical
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Product
11.1.4.2. Market Revenue and Volume Forecast, by Service Type
11.1.4.3. Market Revenue and Volume Forecast, by Vertical
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Product
11.1.5.2. Market Revenue and Volume Forecast, by Service Type
11.1.5.3. Market Revenue and Volume Forecast, by Vertical
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Product
11.2.2. Market Revenue and Volume Forecast, by Service Type
11.2.3. Market Revenue and Volume Forecast, by Vertical
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Product
11.2.4.2. Market Revenue and Volume Forecast, by Service Type
11.2.4.3. Market Revenue and Volume Forecast, by Vertical
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Product
11.2.5.2. Market Revenue and Volume Forecast, by Service Type
11.2.5.3. Market Revenue and Volume Forecast, by Vertical
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Product
11.2.6.2. Market Revenue and Volume Forecast, by Service Type
11.2.6.3. Market Revenue and Volume Forecast, by Vertical
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Product
11.2.7.2. Market Revenue and Volume Forecast, by Service Type
11.2.7.3. Market Revenue and Volume Forecast, by Vertical
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Product
11.3.2. Market Revenue and Volume Forecast, by Service Type
11.3.3. Market Revenue and Volume Forecast, by Vertical
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Product
11.3.4.2. Market Revenue and Volume Forecast, by Service Type
11.3.4.3. Market Revenue and Volume Forecast, by Vertical
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Product
11.3.5.2. Market Revenue and Volume Forecast, by Service Type
11.3.5.3. Market Revenue and Volume Forecast, by Vertical
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Product
11.3.6.2. Market Revenue and Volume Forecast, by Service Type
11.3.6.3. Market Revenue and Volume Forecast, by Vertical
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Product
11.3.7.2. Market Revenue and Volume Forecast, by Service Type
11.3.7.3. Market Revenue and Volume Forecast, by Vertical
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Product
11.4.2. Market Revenue and Volume Forecast, by Service Type
11.4.3. Market Revenue and Volume Forecast, by Vertical
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Product
11.4.4.2. Market Revenue and Volume Forecast, by Service Type
11.4.4.3. Market Revenue and Volume Forecast, by Vertical
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Product
11.4.5.2. Market Revenue and Volume Forecast, by Service Type
11.4.5.3. Market Revenue and Volume Forecast, by Vertical
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Product
11.4.6.2. Market Revenue and Volume Forecast, by Service Type
11.4.6.3. Market Revenue and Volume Forecast, by Vertical
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Product
11.4.7.2. Market Revenue and Volume Forecast, by Service Type
11.4.7.3. Market Revenue and Volume Forecast, by Vertical
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Product
11.5.2. Market Revenue and Volume Forecast, by Service Type
11.5.3. Market Revenue and Volume Forecast, by Vertical
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Product
11.5.4.2. Market Revenue and Volume Forecast, by Service Type
11.5.4.3. Market Revenue and Volume Forecast, by Vertical
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Product
11.5.5.2. Market Revenue and Volume Forecast, by Service Type
11.5.5.3. Market Revenue and Volume Forecast, by Vertical
12.1. Yokogawa Electric (Japan)
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Yokogawa Electric (Japan)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Anritsu (Japan)
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Advantest (Japan)
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. EXFO (Canada)
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. OWON Technology (China)
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. GW Instek (Taiwan)
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. ADLINK Technology (Taiwan)
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. RIGOL Technologies (China)
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Saluki (Taiwan)
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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