Test and Measurement Equipment Market categorizes global market by Equipment Type (General Purpose Test Equipment and Mechanical Test Equipment), by Service (Calibration Service, and Repair Services), by Application, and Geography.
Pune, India -- (SBWIRE) -- 07/15/2016 -- The test and measurement equipment market is expected to grow from USD 22.12 Billion in 2015 to USD 35.45 Billion by 2022, at a CAGR of 6.8% between 2016 and 2022. The base year used for the study is 2015 and the forecast period is between 2016 and 2022. This report provides an in-depth analysis of the overall test equipment market. The report gives detailed information on various test and measurement equipment, and their related application areas. The report also provides the overall market segmentation on the basis of equipment type, service, application, and geography.
Browse 75 market data Tables and 57 Figures spread through 198 Pages and in-depth TOC on "Test and Measurement Equipment Market - Global Trends and Forecast to 2022"
Sample pages of the Report : http://www.marketsandmarkets.com/requestsample.asp?id=116452716
Early buyers will receive 10% customization on reports.
Healthcare (Medical) application expected to exhibit highest CAGR during the forecast period
With the advancement in technology, many new and advanced devices are employed to measure various medical parameters of a patient. It is very important to test and accurately calibrate these devices according to the standards as their applications are critical and any incorrect reading may prove to be fatal for the patient. To calibrate these devices oscilloscopes and signal generators are widely used. The growing demand for better healthcare services will indirectly drive the test and measurement equipment market.
Non-destructive test equipment to exhibit the highest CAGR during the forecast period
The market for non-destructive test equipment is expected to grow at the highest CAGR during the forecast period. As the object under test is not destroyed and can be reused after testing, this decreases the overall cost of and is hence preferred over other testing methods.
More Information : http://www.marketsandmarkets.com/Market-Reports/test-measurement-equipment-market-116452716.html
APAC expected to hold the largest market share by 2022 and experience rapid growth during the forecast period
APAC is expected to hold the largest market share by 2022 owing to major driving forces– it is home to some of the largest multinational corporations such as Yokogawa Electric Corporation (Japan) and Anritsu Corporation (Japan) among others in the test and measurement equipment ecosystem. Majority of consumer electronics industries are concentrated in this region, which makes APAC the dominant market.
Major players involved in the development of test and measurement equipment are Yokogawa Electric Corporation (Japan), Keysight Technologies, Inc. (U.S.), Rohde & Schwarz GmbH & Co KG (Germany), Viavi Solutions (U.S.), and Advantest Corporation (Japan) among others.
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India