Home > Media & Technology > Testing > Test and Measurement Equipment Market

Test and Measurement Equipment Market Share

Report ID: GMI11842
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Test and Measurement Equipment Market Share

Test and Measurement Equipment Company Market Share, 2023

Keysight Technologies, Advantest Corporation, and Rohde & Schwarz collectively held a substantial market share of around 15% in the test and measurement equipment industry in 2023. Keysight Technologies stands out with its comprehensive range of wireless testing and semiconductor solutions, emphasizing innovation and intuitive software interfaces. Its dominant role in IoT and 5G testing solutions, bolstered by a strong commitment to R&D, sharpens its competitive advantage. Furthermore, partnerships with industry frontrunners and a solid support infrastructure reinforce its standing in the market.

Advantest Corporation, a specialist in semiconductor testing systems, has carved out a significant niche in the high-tech manufacturing arena. Its state-of-the-art automated test equipment (ATE) prioritizes efficiency and precision, catering to the surging demand for integrated circuits. With strategic alliances and a relentless focus on R&D, Advantest consistently leads the charge in technological innovations.

Test and Measurement Equipment Market Companies

Major players operating in the test and measurement equipment industry are:

Advantest
Anritsu
Emerson Electric
Fluke
Keysight Technologies
National Instruments
Rohde & Schwarz
Tektronix
Teledyne Technologies
Viavi Solutions

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of test and measurement equipment reached USD 28.8 billion in 2023 and is set to grow at a 5.1% CAGR from 2024 to 2032, driven by the rapid expansion of 5G networks.

The general-purpose test equipment segment accounted for over 44% of the market share in 2023, led by the increasing complexity of electronic devices.

The digital test segment held over 40% of the market share in 2023, as digital testing solutions enhance efficiency and accuracy through automation and AI integration.

North America accounted for over 37% of the market share in 2023, propelled by the rapid adoption of advanced technologies such as 5G, IoT, and autonomous vehicles.

The major players in the industry include Advantest, Anritsu, Emerson Electric, Fluke, Keysight Technologies, National Instruments, Rohde & Schwarz, Tektronix, Teledyne Technologies, and Viavi Solutions.