Global Electrical and Electronic Test Equipment Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Electrical and electronic test equipment is generally used to form signals and capture responses from electronic devices under test (DUTs). For the study, maintenance, and services, network deployment, and testing and measuring equipment used in the development and manufacturing of electronic/electrical devices were evaluated. Circuits in electrical and electronic equipment are regularly checked for defects or unusual behavior. The rising shift towards renewable energy, growing demand for communication-based wireless technology, and emergence of Industry 4.0 in the manufacturing sector are the prominent factors that are propelling the market demand across the globe.
In addition, the surge in demand for electric and hybrid vehicles is playing a vital role in market growth across the globe. Electrical test equipment, including ground resistance testers, hipot testers, Micro ohm meters, multimeters, voltmeters, and others, are commonly used in the manufacture and maintenance of electric vehicles to test a variety of components and systems, including motors, power systems, batteries, charging systems, wiring, connectors, and many others. Accordingly, the market for electrical test equipment, therefore, is expanding at a high rate owing to growing investments in these sectors. For instance, numerous regional governments are making significant investments in R&D initiatives. The German government intends to invest more than USD 3 billion in the region's electric vehicle sector in 2019. By 2025, major producers including General Motors, Toyota, and BMW expect to deliver 400 models, with 25 million units sold worldwide. Furthermore, the growing R&D in autonomous vehicles, as well as the rising technological advancements leading to the need for test and measurement equipment are presenting various lucrative opportunities over the forecasting years. However, the price sensitivity and increasing preference for rental services are challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Electrical and Electronic Test Equipment Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing focus on expanding the 5G network coverage, along with the growing emphasis on product innovation, providing solutions for various industry applications. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the surge in the number of testing and inspection activities, along with the flourishing development of the emerging countries in the market space.
Major market players included in this report are:
- Tektronix Inc.
- Keysight Technologies Inc.
- Rohde & Schwarz GmbH & Co. KG
- National Instruments Corporation
- Fluke Corporation
- Teledyne LeCroy Inc.
- Yokogawa Test & Measurement Corporation
- Teradyne Inc.
- Chauvin Arnoux Group
- Advantest Corporation
Recent Developments in the Market:
- In January 2022, Anritsu Corporation introduced the 0.4-7.125GHz Enhanced RF Module MT8000A-033, a new modular RF hardware upgrade for the Radio Communication Test Station MT8000A that makes use of the modular design to provide expanded all-in-one 5G NR test coverage. You can use this new RF module to make the current MT8000A units more functional.
- In March 2021, Anritsu declared the TRX Test module, MU887002A in order to improve the effectiveness of production-line inspections for 5G wireless communication devices and its space-saving universal wireless test set.
Global Electrical and Electronic Test Equipment Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, End-user Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Semiconductor Automatic Test Equipment (ATE)
- Radio Frequency (RF) Test Equipment
- Digital Test Equipment
- Electrical and Environmental Test
- Data Acquisition (DAQ)
By End-user Industry:
- Communications
- Semiconductors and Computing
- Aerospace and Defense
- Consumer Electronics
- Electric Vehicles (EV)
- Other End-user Industries
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Electrical and Electronic Test Equipment Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Electrical and Electronic Test Equipment Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Electrical and Electronic Test Equipment Market, by End-user Industry, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Electrical and Electronic Test Equipment Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Electrical and Electronic Test Equipment Market Dynamics
- 3.1. Electrical and Electronic Test Equipment Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Surge in demand for electric and hybrid vehicles
- 3.1.1.2. Emergence of Industry 4.0 in the manufacturing sector
- 3.1.2. Market Challenges
- 3.1.2.1. Price sensitivity and increasing preference for rental services
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing R&D in autonomous vehicles
- 3.1.3.2. Rising technological advancements leading to the need for test and measurement equipment
Chapter 4. Global Electrical and Electronic Test Equipment Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Electrical and Electronic Test Equipment Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Electrical and Electronic Test Equipment Market by Type, Performance - Potential Analysis
- 6.3. Global Electrical and Electronic Test Equipment Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Electrical and Electronic Test Equipment Market, Sub Segment Analysis
- 6.4.1. Semiconductor Automatic Test Equipment (ATE)
- 6.4.2. Radio Frequency (RF) Test Equipment
- 6.4.3. Digital Test Equipment
- 6.4.4. Electrical and Environmental Test
- 6.4.5. Data Acquisition (DAQ)
Chapter 7. Global Electrical and Electronic Test Equipment Market, by End-user Industry
- 7.1. Market Snapshot
- 7.2. Global Electrical and Electronic Test Equipment Market by End-user Industry, Performance - Potential Analysis
- 7.3. Global Electrical and Electronic Test Equipment Market Estimates & Forecasts by End-user Industry 2019-2029 (USD Billion)
- 7.4. Electrical and Electronic Test Equipment Market, Sub Segment Analysis
- 7.4.1. Communications
- 7.4.2. Semiconductors and Computing
- 7.4.3. Aerospace and Defense
- 7.4.4. Consumer Electronics
- 7.4.5. Electric Vehicles (EV)
- 7.4.6. Other End-user Industries
Chapter 8. Global Electrical and Electronic Test Equipment Market, Regional Analysis
- 8.1. Electrical and Electronic Test Equipment Market, Regional Market Snapshot
- 8.2. North America Electrical and Electronic Test Equipment Market
- 8.2.1. U.S. Electrical and Electronic Test Equipment Market
- 8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. End-user Industry breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Electrical and Electronic Test Equipment Market
- 8.3. Europe Electrical and Electronic Test Equipment Market Snapshot
- 8.3.1. U.K. Electrical and Electronic Test Equipment Market
- 8.3.2. Germany Electrical and Electronic Test Equipment Market
- 8.3.3. France Electrical and Electronic Test Equipment Market
- 8.3.4. Spain Electrical and Electronic Test Equipment Market
- 8.3.5. Italy Electrical and Electronic Test Equipment Market
- 8.3.6. Rest of Europe Electrical and Electronic Test Equipment Market
- 8.4. Asia-Pacific Electrical and Electronic Test Equipment Market Snapshot
- 8.4.1. China Electrical and Electronic Test Equipment Market
- 8.4.2. India Electrical and Electronic Test Equipment Market
- 8.4.3. Japan Electrical and Electronic Test Equipment Market
- 8.4.4. Australia Electrical and Electronic Test Equipment Market
- 8.4.5. South Korea Electrical and Electronic Test Equipment Market
- 8.4.6. Rest of Asia Pacific Electrical and Electronic Test Equipment Market
- 8.5. Latin America Electrical and Electronic Test Equipment Market Snapshot
- 8.5.1. Brazil Electrical and Electronic Test Equipment Market
- 8.5.2. Mexico Electrical and Electronic Test Equipment Market
- 8.5.3. Rest of Latin America Electrical and Electronic Test Equipment Market
- 8.6. Rest of The World Electrical and Electronic Test Equipment Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Tektronix Inc.
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Keysight Technologies Inc.
- 9.2.3. Rohde & Schwarz GmbH & Co. KG
- 9.2.4. National Instruments Corporation
- 9.2.5. Fluke Corporation
- 9.2.6. Teledyne LeCroy Inc.
- 9.2.7. Yokogawa Test & Measurement Corporation
- 9.2.8. Teradyne Inc.
- 9.2.9. Chauvin Arnoux Group
- 9.2.10. Advantest Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption