How big is the Electrical Test Equipment Market?

The Electrical Test Equipment Market size is expected to reach USD 15.02 billion in 2024 and grow at a CAGR of 4.29% to reach USD 18.53 billion by 2029. Read More

What is the current Electrical Test Equipment Market size?

In 2024, the Electrical Test Equipment Market size is expected to reach USD 15.02 billion. Read More

Which is the fastest growing region in Electrical Test Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Electrical Test Equipment Market?

In 2024, the Asia Pacific accounts for the largest market share in Electrical Test Equipment Market. Read More

What years does this Electrical Test Equipment Market cover, and what was the market size in 2023?

In 2023, the Electrical Test Equipment Market size was estimated at USD 14.38 billion. The report covers the Electrical Test Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electrical Test Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Electrical Test Equipment Market Size & Share Analysis - Industry Research Report

Electrical and Electronic Test Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Electrical and Electronic Test Equipment Market is Segmented by Type (Semiconductor Automatic Test Equipment (ATE), Radio Frequency (RF) Test Equipment, Digital Test Equipment, Electrical and Environmental Test, Data Acquisition (DAQ)), End-User Industry (Communications, Semiconductors and Computing, Aerospace and Defense, Consumer Electronics, Electric Vehicles, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Electrical Test Equipment Industry Overview

The electrical and electronic test equipment market is characterized by a high degree of fragmentation, featuring key players like Fortive Corporation, Keysight Technologies Inc., Rohde & Schwarz GmbH & Co. KG, National Instruments Corporation, and Anritsu Corporation. Market participants are strategically leveraging partnerships and acquisitions to bolster their product portfolios and establish a sustainable competitive edge.

August 2023: Yokogawa Test & Measurement Corporation, a subsidiary of Yokogawa Electric Corporation, introduced the DLM5000HD series of precision oscilloscopes. Positioned as an advanced iteration of the DLM5000 series, the DLM5000HD series broadens Yokogawa's oscilloscope offerings, encompassing models with 500 MHz and 350 MHz frequency bandwidths. These models offer enhanced resolution for precise waveform analysis and incorporate user-friendly features that streamline setup and operation.

June 2023: Advantest Corporation unveiled its collaboration with Arizona State University (ASU) to establish a novel test engineering program in partnership with NXP. The program's curriculum, initially developed by ASU's Ira and Fulton Schools of Engineering faculty, was enriched through laboratory experiments devised by Advantest. These experiments are administered jointly by Advantest and NXP, marking a significant educational milestone.