How big is the Test And Measurement Market?

The Test And Measurement Market size is expected to reach USD 30.14 billion in 2024 and grow at a CAGR of 5.10% to reach USD 38.65 billion by 2029. Read More

What is the current Test And Measurement Market size?

In 2024, the Test And Measurement Market size is expected to reach USD 30.14 billion. Read More

Who are the key players in Test And Measurement Market?

National Instruments Corporation, Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co. KG, Fortive Corp. and Advantest Corporation are the major companies operating in the Test And Measurement Market. Read More

Which is the fastest growing region in Test And Measurement Market?

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

Which region has the biggest share in Test And Measurement Market?

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

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

In 2023, the Test And Measurement Market size was estimated at USD 28.60 billion. The report covers the Test And Measurement Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Test And Measurement Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Test And Measurement Market Size & Share Analysis - Industry Research Report

Test and Measurement Market Size and Share Analysis - Growth Trends and Forecasts (2024 - 2029)

The Test and Measurement Market Report is Segmented by Product (General Purpose Test Equipment (GPTE) and Mechanical Test Equipment), Service Type (Calibration Services and Repair Services/After-Sales Services), End-User Industry (Automotive and Transportation, Aerospace and Defense, IT and Telecommunication, Education, Semiconductor and Electronics, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Test And Measurement Industry Overview

The test and measurement market is moderately competitive and consists of some influential players. These significant players who hold a noticeable share of the market are leveraging strategic collaborative actions to improve their market percentage and enhance their profitability.

August 2024: Averna acquired Global Equipment Services Inc. (GES), a division of Kimball Electronics Inc. GES specializes in automation, test, and measurement solutions for industries including consumer electronics, semiconductors, and medical devices. This strategic move leverages the strengths and reach of both companies, positioning them as one of the largest independent system integrators in test automation. As a result of this acquisition, Averna has expanded its presence to new locations in Ho Chi Minh (Vietnam), Suzhou (China), Trivandrum (India), Tokyo (Japan), and San Jose (United States). Additionally, technical support is being bolstered in the Philippines, Taiwan, South Korea, Malaysia, and Thailand.
October 2023: Fortive Corp. signed a definitive agreement to acquire EA Elektro-Automatik Holding GmbH, a top provider of high-power electronic test solutions tailored for energy storage, mobility, hydrogen, and renewable energy sectors. The deal, valued at USD 1.45 billion in cash (after accounting for USD 215 million in tax benefits), is being made with Bregal Unternehmerkapital. Through this acquisition, Fortive aims to bolster its dominant stance in electronic testing and measurement, furthering the global energy transition.