Monday, April 18th, 2016 - ReportsnReports

ReportsnReports.com adds Global Test and Measurement Market 2016-2020 latest research report, the analysts forecast the global test and measurement equipment market to grow at a CAGR of 5.21% during the period 2016-2020.This 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.

Complete report on test and measurement market is now available at http://www.reportsnreports.com/reports/524616-global-test-and-measurement-market-2016-2020.html.

End-users of T&M equipment are facing problems due to incompatibility issues between products that are meant to work together but do not. This issue is becoming a challenge for vendors of T&M equipment, as it results in the loss of potential customers. Therefore, it has become a standard procedure for vendors to conduct the interoperability test to ensure compatibility with different products. Interoperability is expected to take place shortly, wherein vendors are expected to manufacture products based on specified standards.

According to the Test and Measurement market report, communication T&M solutions are being adopted widely by end-users such as telecommunication service providers, mobile device manufacturers, network equipment manufacturers, and telecommunication service providers, which have led to market growth worldwide. Telecommunication service providers are expected to dominate the communication T&M market and contribute the highest market share during the forecast period.

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This report covers the present scenario and the growth prospects of the global test and measurement market for the period 2016-2020. To calculate the market size, the report considers the demand for T&M equipment from various end-users.

Segmentation by End-user and Analysis of the Test and Measurement Market – Aerospace and defense, Telecommunication and Semiconductor and electronics

During 2015, the aerospace and defense segment dominated the global T&M market and accounted for close to 26% of the market share. The aerospace and defense is a vast and expansive industry and the electronics and technology employed in this industry need to run efficiently to prevent equipment malfunction. The electronic test equipment ensures that the high standards required in this industry are efficiently met. The global air traffic has been growing steady, which will translate into the growth of the T&M market in aerospace and defense sector until the end of 2020. 

Geographical Segmentation and Analysis of the Test and Measurement Market – APAC, America and EMEA

During 2015, the Americas dominated the market, accounting for more than 37% of the market share. The US is the largest revenue contributors in the region. Factors like the increasing penetration of smartphones and the increasing popularity of Internet of Things in the US and increasing demand from the aerospace and automobile industries will aid in the growth of the T&M market in the Americas.

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The global T&M market is highly fragmented owing to the presence of many global and local vendors. In developed countries the competition is tougher due to the presence of many global suppliers. Though several local vendors have entered the market, they find it increasingly difficult to compete with international suppliers in terms of quality, durability, reliability, and technological innovation.  The vendor competition is expected to intensify with an increase in technological innovations and M&A in the future.

Key players in the global test and measurement market: Bureau Veritas, Danaher, Keysight, SGS, and Thermo Fisher.

Other prominent vendors in the market are: Anritsu, Aplab Limited, EXFO, Fastech Telecommunications, Ixia, JDS Uniphase, National Instruments, Qmax Test Equipment, Premier Measurement Solutions, Scientech Technologies, SPX Corporation, TEKTRONIX, Yokogawa Electric.        

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Test and Measurement Market, Test and Measurement Industry, Global Test and Measurement Market, Test and Measurement Market 2016, Market Research Reports

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