Test And Measurement Equipment Market Share in APAC is Expected to Increase to USD 1.79 Billion During 2022-2026

The test and measurement equipment market share in APAC is expected to grow by USD 1.79 billion, decelerating at a CAGR of 5.3% during the forecast period. The market is fragmented and the vendors are deploying growth strategies such as engaging in continuous R&D to compete in the market. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

Get a peek into the extensive test and measurement equipment market analysis in APAC: View the FREE Sample Report

Test And Measurement Equipment Market In APAC: Segments and Leading  Regions

The test and measurement equipment market report in APAC will provide insights into the current market share of each segment along with growth projections for the next five years.

• The test and measurement equipment market is segmented by product (GPTE, ATE, WTE, calibration, and others), end-user (electronics, communication, general industry, A and D, and others), and geography (Japan, South Korea, China, Taiwan, and Rest of APAC).
• The test and measurement equipment market value in APAC by the GPTE segment will be significant during the forecast period. The growth of the segment is attributed to the increased demand for electronic products in the APAC region.
• Factors such as the tax incentives by the government of Korea and lower interest rates on loans to boost the country's indigenous technological capabilities will increase the test and measurement equipment market growth in South Korea.
• Japan, South Korea, China, and Taiwan are the key markets for test and measurement equipment in APAC.
• The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the test and measurement equipment market size in APAC.

Test And Measurement Equipment Market In APAC: Trends, Drivers, Challenges

• The significant factor in driving the growth of the test and measurement equipment market in APAC will be the expansion of telecommunication networks.
• The rise in R and D investments in APAC will be instrumental in driving the market growth during the forecast period.
• The growing popularity of modular T and M equipment is the major test and measurement equipment market trend in APAC that will positively influence the market growth.
• Factors such as the rising demand for rental T and M equipment and outsourcing due to the emergence of new third-party service providers are the key challenges that market players need to contend with in order to achieve further success.

Test And Measurement Equipment Market In APAC: Vendor Analysis

• The market is fragmented due to the presence of several players.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Bruker Corp., Cohu Inc., EXFO Inc., Fortive Corp., Hitachi Ltd., HORIBA Ltd., Keysight Technologies Inc., National Instruments Corp., Oxford Instruments Plc, Renishaw Plc, Rohde and Schwarz GmbH and Co. KG, Spirent Communications Plc, Teradyne Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., Yokogawa Electric Corp., and NetScout Systems Inc. are some of the major test and measurement equipment market vendors in APAC.

Download the Free PDF Sample Report Technavio's custom reports provide market insights at the global and regional levels along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerating at a CAGR of 5.3%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 1.79 billion.
    
3. What is a key factor driving this market?
   The expansion of telecommunication networks will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Japan, South Korea, China, Taiwan, and the Rest of APAC are the key regions featured in this research report.
    
5. What are the market segments covered in this report?
   The market is segmented by Product (GPTE, ATE, WTE, Calibration, and Others), End-user (Electronics, Communication, General industry, A and D, and Others), and Geography (Japan, South Korea, China, Taiwan, and Rest of APAC).
    
6. Who are the leading market vendors?
   The leading vendors in this market are Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Bruker Corp., Cohu Inc., EXFO Inc., Fortive Corp., Hitachi Ltd., HORIBA Ltd., Keysight Technologies Inc., National Instruments Corp., Oxford Instruments Plc, Renishaw Plc, Rohde and Schwarz GmbH and Co. KG, Spirent Communications Plc, Teradyne Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., Yokogawa Electric Corp., and NetScout Systems Inc.