Test and Measurement Equipment Market Size, Share & Industry Analysis by Component (Hardware (General Purpose Test Equipment (High-frequency/RF/Microwave Test Instruments, Modular Instruments (SW, FPGA-based), Portable/Handheld/Field Instruments, and Power/Battery Test and Analyzers) and Automated Test Equipment (ATE)) and Software & Services), By End-user (Semiconductor/Electronics, Automotive & EV Infrastructure, Telecommunication/5G/6G, Renewable Energy/Battery Storage, Aerospace & Defense, Medical Devices/Healthcare, and Others), and Regional Forecast, 2025 – 2032

ATTRIBUTE

DETAILS

Study Period

2019-2032

Base Year

2024

Estimated Year

2025

Forecast Period

2025-2032

Historical Period

2019-2023

Growth Rate

CAGR of 5.8% from 2025-2032

Unit

Value (USD Billion)

Segmentation

By  Component

·         Hardware

o   General Purpose Test Equipment

§  High-frequency/RF/Microwave Test Instruments

§  Modular Instruments (SW, FPGA-based)

§  Portable/Handheld/Field Instruments

§  Power/Battery Test and Analyzers

o   Automated Test Equipment (ATE)

·         Software & Services

By End-user

·         Semiconductor/Electronics

·         Automotive & EV Infrastructure

·         Telecommunication/5G/6G

·         Renewable Energy/Battery Storage

·         Aerospace & Defense

·         Medical Devices/Healthcare

·         Others

 By Geography

·         North America (By Component, By End-user, and By Country)

o   U.S. (End-user)

o   Canada (End-user)

o   Mexico (End-user)

·         South America (By Component, By End-user, and By Country)

o   Brazil (End-user)

o   Argentina (End-user)

o   Rest of South America

·         Europe (By Component, By End-user, and By Country)

o   U.K. (End-user)

o   Germany (End-user)

o   France (End-user)

o   Italy (End-user)

o   Spain (End-user)

o   Russia (End-user)

o   Benelux (End-user)

o   Nordics (End-user)

o   Rest of Europe

·         Middle East & Africa (By Component, By End-user, and By Country)

o   Turkey (End-user)

o   Israel (End-user)

o   GCC (End-user)

o   North Africa (End-user)

o   South Africa (End-user)

o   Rest of the Middle East & Africa

·         Asia Pacific (By Component, By End-user, and By Country)

o   China (End-user)

o   India (End-user)

o   Japan (End-user)

o   South Korea (End-user)

o   ASEAN (End-user)

o   Oceania (End-user)

·         Rest of Asia Pacific