Test and Measurement Equipment Market
Growth to 2020 Driven by Communication
Sector in APAC
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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 20162020.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-meas
urement-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.
Monday, April 18th, 2016
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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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