Albany, NY -- (SBWIRE) -- 07/15/2016 -- About the TEST AND MEASUREMENT

T&M equipment is used to analyze and measure electronic and mechanical devices throughout their life cycle. The equipment is also deployed in the initial design, development, verification, maintenance, and repair of electronic and mechanical products. Industries such as communications, aerospace and defense, mechanical, and electronics use this equipment to test their design prototypes or finished products, check the uniformity of the products as per the required specifications, and ascertain whether the devices are performing at their optimum efficiencies.

Technavios analysts forecast the test and measurement (T&M) market in Australia to grow at a CAGR of 5.96% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the test and measurement (T&M) market in Australia for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of test and measurement (T&M) market in Australia. The report does not include revenue generated from the aftermarket service of the product.

Technavio's report, test and measurement (T&M) market in Australia 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Anritsu Corp.
Fluke
Keysight Technologies Inc.
National Instruments Corp.
Rohde & Schwarz GmbH
Tektronix Inc.

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Other prominent vendors
Anite
IXIA
Tessco Technologies
Siemens
EXFO
Spirent Communications
Yokogawa

Market driver
Growth in building and construction industry
For a full, detailed list, view our report

Market challenge
Dip in telecommunications growth
For a full, detailed list, view our report

Market trend
Increase in investment toward renewable energy
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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