Report Details:
15 Companies Covered
454 Pages
Technological Advancements and 5G Rollout to Propel Test & Measurement Equipment Market to USD 60,581.88 Million by 2035, registering a CAGR of 6.82%
According to a detailed study by Market Research Future (MRFR), the Global Test & Measurement Equipment Market is projected to grow from USD 30,658.5 million in 2025 to USD 60,581.88 million by 2035, registering a CAGR of 6.82 percent during the forecast period. Market growth is driven by the rising adoption of 5G networks, increasing use of consumer electronic devices, and expanding automation across industries. The demand for reliable, precise, and efficient testing tools continues to rise as manufacturers seek to improve quality, safety, and performance standards.
Key players in the global market include Staubli, Pomona Electronics, Cheng Feng Instrument Accessories, Amass, Schnepp GmbH, Radiall, Mueller Electric, SilverTronic, Keysight Technologies, NI, Fluke Corp, Rohde & Schwarz, Tektronix, Viavi Solutions, Anritsu, Fortive Corporation, and National Instruments.
Market Highlights
The Test & Measurement Equipment Market, valued at USD 29,319.30 million in 2024, continues to expand due to rapid technological evolution and higher testing needs in manufacturing and telecommunications. The global transition to 5G and IoT technologies has created new opportunities for advanced measurement and validation systems. As network density increases, industries require precision instruments capable of analyzing high-speed digital signals and complex wireless architectures.
Automation and artificial intelligence have revolutionized the testing ecosystem. The use of AI-driven analytics enables faster data interpretation and predictive maintenance, reducing downtime in production environments. In industrial manufacturing, test and measurement solutions are integrated into automated systems to ensure continuous monitoring of machinery performance and compliance with safety regulations.
Rising demand for miniaturized and energy-efficient devices is another market catalyst. The electronics and semiconductor sectors depend on advanced testing tools for design verification, circuit reliability, and signal integrity evaluation. The rollout of electric and autonomous vehicles also drives adoption, as manufacturers need robust instruments for performance validation, component durability testing, and battery management.
The market outlook remains positive as innovation accelerates. Key manufacturers are introducing new testing platforms and expanding their service networks to meet evolving customer requirements. Strategic partnerships, mergers, and acquisitions among major companies strengthen technological capabilities and widen their reach across global markets.
Segment Analysis
The Global Test & Measurement Equipment Market is segmented by Offering (Product and Services), Application (Aerospace & Defense, Healthcare & Medical Equipment, Telecommunication, Electronics & Semiconductor, Industrial Manufacturing, Automotive, Robotics, and Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America).
By Offering, the market is divided into Products and Services. Product offerings include General-Purpose Test Equipment (GPTE) such as oscilloscopes, signal generators, analyzers, multimeters, power meters, and network simulators. These tools are vital in ensuring accuracy, quality, and performance across industries. The GPTE segment dominates due to the widespread integration of connected devices and the rapid implementation of industrial automation. Companies rely on advanced instruments to monitor system efficiency and minimize operational errors.
The Services segment, encompassing integration, calibration, repair, and managed services, also shows steady growth as end users increasingly seek end-to-end testing solutions.
By Application, the market covers Aerospace & Defense, Healthcare & Medical Equipment, Telecommunication, Electronics & Semiconductor, Industrial Manufacturing, Automotive, Robotics, and Others. The Electronics and Semiconductor segment holds a major share owing to rapid product innovation, IoT device proliferation, and complex semiconductor manufacturing processes that require high-precision validation. The Telecommunication segment is growing swiftly with the rollout of 5G networks, necessitating accurate radio frequency (RF) and network performance testing.
Automotive and Aerospace & Defense sectors depend on testing equipment for system calibration, safety validation, and component endurance analysis—the Healthcare and Medical Equipment segment benefits from digital health devices and medical instrumentation requiring continuous quality assurance.
Regional Analysis
The Global Test & Measurement Equipment Market is studied across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America dominates the market, driven by significant investments in research and development and the rapid adoption of advanced technologies. The U.S. leads regional growth, supported by a strong presence in telecommunications, aerospace, automotive, and healthcare sectors. The rollout of 5G infrastructure and widespread automation adoption create continuous demand for advanced testing platforms.
Europe follows as a major market, emphasizing product quality, sustainability, and compliance with strict safety standards. Germany, the UK, and France are leading contributors, supported by robust manufacturing bases in automotive and aerospace. The ongoing transition toward electric and self-driving vehicles increases the requirement for measurement precision and electronic system verification.
Asia-Pacific is the fastest-growing regional market, expected to witness high adoption due to rapid industrialization and technological advancement. Countries such as China, India, Japan, and South Korea are global manufacturing hubs, with increasing focus on semiconductor production, telecommunications expansion, and smart infrastructure. The surge in consumer electronics and smart city initiatives further drives regional demand.
The Middle East & Africa and South America regions are expanding steadily, supported by economic growth, infrastructure development, and industrial modernization. The emergence of 5G networks and automation projects in these regions is generating fresh opportunities for T&M manufacturers.
Key Findings of the Study
- The Global Test & Measurement Equipment Market is projected to reach USD 60,581.88 million by 2035, expanding at a CAGR of 6.82 percent from 2025 to 2035.
- Growth is driven by 5G deployment, IoT expansion, and automation adoption across industrial sectors.
- Products (GPTE) account for the leading share, including oscilloscopes, signal generators, multimeters, analyzers, and power meters.
- Electronics & Semiconductor and Telecommunication are the fastest-growing applications, followed by Automotive and Aerospace & Defense.
- North America leads globally, while Asia-Pacific emerges as the fastest-growing region due to manufacturing expansion and digital infrastructure investment.
- Key market participants include Staubli, Pomona Electronics, Cheng Feng Instrument Accessories, Amass, Schnepp GmbH, Radiall, Mueller Electric, SilverTronic, Keysight Technologies, NI, Fluke Corp, Rohde & Schwarz, Tektronix, Viavi Solutions, Anritsu, Fortive Corporation, and National Instruments.
- Continuous innovation, calibration service expansion, and strategic collaborations remain central to market competitiveness.
Related Report
https://www.marketresearchfuture.com/reports/test-measurement-equipment-market-5718