Research and Markets has announced the addition of the “Test and Measurement Market – Forecast (2014-2021)” report to their offering.
Test and measurement is a dynamic and one of the growing industries that is gaining use in various high-tech sectors that enables them to attain a global reach. T&M companies serve a broad range of end-users by providing critical products and services which help their customers improve quality, safety, health, compliance, and productivity in various applications.
Multiple core processors are now being made on a single chip by manufacturers of processors on order to get desired performance without increasing clock rates. Automated testing applications can be developed by personnel involved in testing by using multicore processors to achieve highest throughput through parallel processing. Globally, rapid growth of the communication sector and expansion of 4G network in APAC are the prime growth drivers of global test and measurement market. However, higher price of test and measurement equipment is key restraint for global test and measurement market.
This report identifies the global test and measurement market size in for the year 2014-2016 and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global test and measurement market.
Geographically North America region dominates the global test and measurement market, and Asia Pacific is projected to have the fastest growth; owing to growth in the communication sector in this region and expansion of 4G network in APAC countries are driving the growth of test and measurement market. Among all the end-user industry, aerospace and defence segment had the highest market share in global test and measurement market, due to high standards required in this industry.
This report segments global test and measurement market on the basis of technology, application, by component and regional market as follows:
Test and Measurement Market, By End-User: Aerospace and Defence, Telecommunication, Semiconductor and Electronics, and Others
Test and Measurement Market, By Product: Wireless Test Equipment, General Purpose Test Equipment (GPTE), Semiconductor Test Equipment, and Real-Time Test Equipment
This is report has been further segmented into major regions, which includes detailed analysis of each region such as
North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the global test and measurement market. Some of the major companies’ profiles in detail are as follows:
- Bureau Veritas.
- Thermo Fisher
- Fastech Telecommunications