Renting & Leasing Test and Measurement Equipment Market Research Report - Global Forecast till 2027

Renting & Leasing Test and Measurement Equipment Market Research Report: By Product (General Purpose Test Equipment, Wireless Test Equipment, Semiconductor Test Equipment, RF Test Chambers), By Component (Connectors, Cable Assemblies, Value Added Accessories), By Application (Aerospace & Defense, Healthcare & Medical Equipment, Telecommunication, Electronics & Semiconductor, Industrial & Manufacturing, Automotive, Others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/SEM/8989-HCR | March 2021 | Region: Global | 100 pages

Renting and Leasing Test and Measurement Equipment Market Synopsis


The global renting & leasing test and measurement equipment market is estimated to reach USD 9.43 billion by 2026, registering a CAGR of 5.4% during the forecast period of 2020–2026.


The renting & leasing test and measurement equipment have wide applications in electronics, laboratories and research institutes, manufacturing analysis, and material analysis. The various devices that are used for testing include spectrum analyzers, oscilloscopes, signal generators, and network analyzers. The renting & leasing test and measurement equipment offer high-performance products to calibrate devices by the semiconductor equipment suppliers. This equipment is widely used for testing plug-in electric vehicles, smart meters, solar panels, wind turbines, sensors, and other products for various industrial applications. The various factors contributing to the high adoption of renting & leasing test and measurement equipment include rising complexities in the design of consumer electronic devices and the need for high-efficiency test equipment to increase the manufacturing throughput. Furthermore, the growing automotive industry and advancements in cellular infrastructure offer opportunities for the market players. The research study on the global renting & leasing test equipment market provides detailed information on market drivers and restraints, market size, competitive landscape, and growth opportunities. This research report segments the global test and measurement equipment market in terms of component, product, and application. Each of the markets has been further segmented by region/country.


In any product or system development phase, testing and measurement of critical components are considered a crucial part. Forthe last few decades, renting & leasing test and measurement space has seen a significant amount of consolidation. The demand for renting & leasing test and measurement equipment from various sectors is rising exponentially. For instance, in the automotive industry, this equipment is used to address trends related to connected cars and autonomous driving. Moreover, as the data centers have moved to higher transmission speeds and new standards, the demand for electronic test equipment, especially high-speed digital test equipment, has increased significantly. Furthermore, extensive ongoing research on 5G technologies is fueling the growth of renting & leasing test and measurement equipment market and is expected to continue growing at the same rate over the forecast period.


Industry News



  • In May 2019, National Instruments released the latest version of System Link Software to manage configuration activities and data for a fleet of distributed test and measurement systems. This software improves operational efficiency with a single interface to quickly set up and manage software, tests, and assets.

  • In March 2019, Keysight Technologies, Inc. partnered with Nordsys GmbH to develop test solutions for long-term evolution-vehicle (LTE-V), cellular vehicle-to-everything (C-V2X), and 5G.

  • In March 2019, VIAVI Solutions Inc. launched UC-584S, a top-mount antenna coupler, to provide isolation and shielding for consistent aircraft transponder testing in ramp and hangar environments without signal interference.

  • In February 2019, ROHDE&SCHWARZ collaborated with MediaTek to perform over-the-air (OTA) tests of the latter’s 5G frontend modules and antenna arrays. Under this collaboration, the R&S TS8980R&D-M1 test system, which includes the new R&S ATS1800C CATR (compact antenna test range) chamber, will be used to characterize, verify, and test the antenna performance of MediaTek’s 5G network solutions, including its Helio M70 5G modem.


Segmentation


The global renting & leasing test and measurement equipment market has been segmented based onproduct, component, application, and region.


By product, the global renting & leasing test and measurement equipment market has been segmented into general-purpose test equipment, wireless test equipment, semiconductor test equipment, and RF test chambers. The general-purpose test equipment is further segmented into oscilloscopes, signal generators, analyzers, meters, thermal imagers, bit error ration testers (BERT), and others. The wireless test equipment market is further segmented into logic analyzers, spectrum analyzers, network analyzers, and network simulators.


By component, the global renting & leasing test and measurement equipment market has been segmented into connectors, cable assemblies, and value-added accessories.


By application, the global renting & leasing test and measurement equipment market has been segmented into aerospace & defense, healthcare & medical equipment, telecommunication, electronics & semiconductor, industrial & manufacturing, automotive, and others.


By region, the renting & leasing test and measurement equipment market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Global Renting & Leasing Test and Measurement Equipment Market, 2018–2026 (USD Billion)
Renting & Leasing Test and Measurement Equipmet Market
Source: MRFR Analysis


Regional Analysis


The global renting & leasing test and measurement equipment market is estimated to grow at a significant rate during the forecast period from 2020 to 2026. The geographic analysis of renting & leasing test and measurement equipment market has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America). Among these regions, North America has dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period. On the other hand, Asia-Pacific is expected to witness the fastest growth during the forecast period.


Key Players


MRFR recognizes the keyplayers in theglobal renting & leasing test and measurement equipment market. These include Transcat Inc, Keysight Technologies, Viavi, Tektronix, General Electric, Rhode & Schwarz, Anritsu Corporation, Exfo Inc, Megger, Bird, Yokogawa Electric, Vanguard, National Instruments, Siemens AG, and Fluke Networks. These players focus on innovation and,thus, invest in research & development to present a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.


Intended Audience



  • Investors and Consultants

  • Government Organizations

  • Research/Consultancy Firms

  • Manufacturers

  • Safety Providers

  • Industries



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 9.43 Billion
  CAGR   5.4%% (2020-2026)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Component, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Renting & Leasing Test and Measurement Equipment Market. These include Transcat Inc, Keysight Technologies, Viavi, Tektronix, General Electric, Rhode & Schwarz, Anritsu Corporation, Exfo Inc, Megger, Bird, Yokogawa Electric, Vanguard, National Instruments, Siemens AG, and Fluke Networks
  Key Market Opportunities   Growing automotive industry and advancements in cellular infrastructure
  Key Market Drivers   Extensive ongoing research on 5G technologies


Frequently Asked Questions (FAQ) :


The renting & leasing test and measurement equipment market value can touch USD 9.43 billion by 2026.

The renting & leasing test and measurement equipment market is expected to display 5.4% CAGR from 2020 to 2026.

Evolving technology of processors and complex designs of electronic devices are major drivers of the market.

North America can lead in the renting & leasing test and measurement equipment market.

Keysight Technologies, National Instruments, Yokogawa Electric, Siemens AG, Exfo Inc, Fluke Networks, Viavi, Megger, Anritsu Corporation, Vanguard, Tektronix, Transcat Inc, Bird, Rhode & Schwarz, and General Electric are key players of the global renting & leasing test and measurement equipment market.