Test And Measurement Equipment Market Size, Share & Trends Analysis Report By Product Type (General Purpose Test Equipment, Mechanical Test Equipment), By Service Type (Calibration Services), By End Use, By Region, And Segment Forecasts, 2025 - 2030

Test And Measurement Equipment Market Summary

The rise of emerging technologies like 5G, IoT, and AI demands precise testing for performance and compliance. Additionally, increasing focus on quality assurance, automation, and predictive maintenance is driving demand for advanced test and measurement solutions. Industries seek tools that ensure consistent product performance, reduce downtime, and anticipate failures before they occur.

These systems support efficient operations by enabling real-time monitoring, enhancing reliability, and streamlining production processes through data-driven decision-making and early fault detection.

Market Concentration & Characteristics

The global test and measurement equipment market is moderately fragmented, with a mix of large multinational companies and regional players competing for market share. Key manufacturers are focusing on several strategic initiatives to maintain competitiveness and expand their reach. They are heavily investing in R&D to develop innovative, high-precision, and multi-functional testing solutions tailored to emerging technologies like 5G, IoT, and electric vehicles.

Strategic collaborations, mergers, and acquisitions are common to enhance product portfolios and global presence. Many are also emphasizing digital transformation by integrating AI and cloud-based analytics into their solutions. For instance, in November 2022, AVL and Rohde & Schwarz partnered to streamline and accelerate automotive development by integrating their advanced testing technologies. This collaboration focuses on automating complex validation processes, improving efficiency and precision in testing automotive components, particularly in areas like connectivity, ADAS, and electric vehicles, supporting faster and more reliable product development.

Innovations in the test and measurement equipment industry are driven by the integration of AI, machine learning, and cloud-based analytics to enhance precision and real-time data processing. Advanced wireless testing for 5G and IoT, automated testing solutions, and modular, software-defined instruments are also emerging. These innovations improve efficiency, adaptability, and accuracy across sectors like automotive, telecommunications, and electronics, enabling faster development cycles and improved quality control.

Regulations play a crucial role in shaping the market by enforcing strict quality, safety, and performance standards across industries. Compliance with international norms like ISO, IEC, and region-specific guidelines ensures product reliability but also increases development costs and complexity. While they drive innovation and improve equipment standards, these regulations can slow time-to-market and create barriers for smaller players due to the need for continuous updates and certifications.

Drivers, Opportunities & Restraints

The growing demand for high-performance electronics across industries such as consumer devices, semiconductors, and automotive systems is driving the market growth. As devices become more complex and compact, with greater functionality and integration, ensuring their reliability and precision becomes critical. Advanced testing solutions are required to verify performance, detect faults early, and ensure compliance with stringent quality standards.

High initial costs are a significant barrier in the market. Advanced systems involve substantial upfront investment for both hardware and software, which can be challenging for small and medium enterprises. These expenses, combined with training and maintenance requirements, often limit adoption, slowing innovation and competitiveness for businesses with constrained budgets.

Rapid growth of Electric Vehicles (EVs) and Autonomous Technologies, including ADAS, is significantly increasing the need for advanced test and measurement equipment. These vehicles rely on complex power electronics, high-performance sensors, and robust communication systems that must be rigorously tested for safety, reliability, and compliance. This creates strong market opportunities for specialized testing solutions.

Product Type Insights

The General Purpose Test Equipment (GPTE) segment dominated the test and measurement equipment market due to rising demand for electronic devices, wireless communication systems, and automotive electronics. Products such as oscilloscopes, signal generators, and multimeters are widely used across industries for maintenance, troubleshooting, and R&D. Increasing investments in 5G, IoT, and semiconductor innovation further boost the need for precise testing tools. Additionally, the growing emphasis on product quality and regulatory compliance across sectors supports the expansion of GPTE in the global market.

The mechanical test equipment segment is expected to grow due to increasing demand for quality assurance and safety across industries such as automotive, aerospace, construction, and manufacturing. As materials and product designs become more advanced, the need for precise mechanical testing, such as tensile, compression, and impact testing, has grown significantly. Additionally, technological advancements like automation and digital integration are enhancing equipment capabilities. Regulatory compliance and the rising focus on product durability and performance are further driving the adoption of mechanical test solutions globally.

Service Type Insights

The calibration services segment led the test and measurement equipment industry and accounted for 58.1% of the revenue share in 2024. Industries such as aerospace, automotive, and telecommunications increasingly rely on precise measurements, necessitating regular calibration to ensure compliance with stringent regulatory standards and to maintain operational efficiency. Technological advancements, including automation, IoT integration, and cloud-based calibration solutions, enhance the accuracy and efficiency of calibration processes. Additionally, the growing complexity of modern instruments and the emphasis on quality assurance further propel the demand for specialized calibration services. These factors collectively contribute to the expanding role of calibration services in the global market.

The repair services/after-sales services segment is expected to grow fastest in the market due to increasing reliance on complex and high-value instruments across industries. As businesses prioritize equipment uptime and operational efficiency, the demand for timely maintenance, repairs, and technical support is rising. Extended service contracts, predictive maintenance, and remote diagnostics are becoming common, ensuring minimal disruptions.

End Use Insights

The automotive and transportation segment dominated the market with a revenue share of 23.1% in 2024. This segment sees a strong demand for test and measurement equipment driven by the increasing complexity of modern vehicles, including the rise of electric vehicles (EVs) and autonomous driving technologies. Advanced systems such as battery management, radar, LiDAR, and vehicle-to-everything (V2X) communication require precise testing to ensure safety, performance, and regulatory compliance. Additionally, stringent global safety and emissions standards necessitate comprehensive testing solutions, further fueling demand in this sector.

The IT and telecommunication segment is expected to grow at the fastest CAGR during the forecast period due to increasing demand for high-speed networks, 5G, and IoT. End users require advanced testing solutions to ensure network reliability, security, and performance. This fuels the demand for test equipment, enabling efficient development, deployment, and maintenance of complex communication systems.

Regional Insights

Asia Pacific dominated the global test and measurement equipment market revenue share in 2024, accounting for 41.5% of the revenue share due to expanding industrialization, increasing electronics manufacturing, and growing demand for quality testing across automotive, semiconductor, and telecommunications sectors. Investments in R&D and infrastructure also boost regional growth.

The test and measurement equipment market in China is projected to grow rapidly at a CAGR of 5.8% over the forecast period, driven by its dominant electronics manufacturing base, government initiatives in high-tech industries, and rising demand for advanced testing equipment in the semiconductor and automotive sectors. For instance, in March 2025, China launched a national innovation center for high-end nondestructive testing (NDT) in Beijing to enhance intelligent inspection technologies.

The India test and measurement equipment market is projected to grow at a CAGR of 6.6% over the forecast period due to rapid industrial expansion, increasing adoption of modern testing technologies, and government focus on “Make in India” initiatives, boosting demand in electronics, automotive, and telecommunications industries.

North America Test and Measurement Equipment Market Trends

In North America, the growth of the test and measurement equipment industry is driven by strong technological innovation and demand from the aerospace, telecommunications, and automotive industries. Strict regulatory requirements and a focus on quality drive the adoption of advanced testing solutions. The presence of leading market players also supports growth.

The U.S. test and measurement equipment industry is projected to expand at a CAGR of 5.0% over the forecast period, driven by its advanced infrastructure, presence of key players, emphasis on research and development, and demand across sectors like defense, automotive, and electronics. For instance, in March 2025, Keysight Technologies introduced two new sampling oscilloscopes specifically designed for testing 1.6T optical transceivers. These advanced instruments offer high-speed, precise signal analysis, supporting next-generation data center and telecommunications applications.

Europe Test and Measurement Equipment Market Trends

In Europe, the demand for test and measurement equipment is driven by the strong investments in renewable energy, automotive, and telecommunications sectors. Strict regulatory standards and the region’s focus on quality assurance and environmental compliance drive demand for advanced testing technologies. For instance, in January 2025, Rohde & Schwarz introduced advanced test equipment designed for automotive radar systems, electric drivetrains, and in-vehicle connectivity.

The test and measurement equipment market in France is expected to grow at a rapid CAGR of 4.6% over the forecast period, supported by its precision engineering industries and emphasis on quality control. Growth in the manufacturing and automation sectors increases demand for reliable and accurate test and measurement solutions.

The Italy test and measurement equipment market is expected to grow at a CAGR of 4.3% over the forecast period, driven by its strong manufacturing base, particularly in automotive and industrial automation. Investments in renewable energy and medical electronics further boost the need for advanced testing equipment.

Latin America Test and Measurement Equipment Market Trends

The Latin America test and measurement equipment industry is experiencing steady growth, driven by the expanding industrial base, increasing digitization, and rising demand for advanced electronics and telecommunications infrastructure. Countries like Brazil, Argentina, and Chile are witnessing increasing adoption of test equipment across sectors such as automotive, aerospace, power generation, and telecommunications.

The test and measurement equipment market in Argentina is projected to grow at a CAGR of 3.8% over the forecast period due to its growing manufacturing and automotive industries. The country’s focus on improving industrial processes and adopting modern technologies is boosting demand for advanced testing and measurement equipment to ensure product quality and safety.

Middle East & Africa Test and Measurement Equipment Market Trends

In the Middle East and Africa, the growth of the test and measurement equipment industry is driven by expanding oil and gas, telecommunications, and infrastructure development. Increasing investments in technology modernization and quality assurance across industries support the demand for advanced testing solutions.

The test and measurement equipment market in Saudi Arabia is projected to grow at a CAGR of 5.0% over the forecast period due to its focus on diversifying the economy, investing in energy, construction, and technology sectors. The country’s initiatives to enhance industrial standards and infrastructure development drive the need for reliable test and measurement equipment.

Key Test And Measurement Equipment Company Insights

Some of the key players operating in the market include Keysight Technologies and Fortive Corporation.

• Keysight Technologies provides electronic design and test solutions for industries such as aerospace, defense, telecommunications, automotive, and semiconductor manufacturing. The company offers a broad portfolio of advanced test and measurement equipment, including oscilloscopes, signal generators, network analyzers, and software tools. Keysight’s solutions enable precise testing, validation, and optimization of complex electronic systems, supporting innovations like 5G, IoT, and autonomous vehicles.

• Fortive Corporation is a diversified industrial technology company with a strong presence in the market. Through its subsidiaries, Fortive provides a wide range of precision instruments and solutions used for industrial automation, quality control, and research applications. Their portfolio includes tools for electrical testing, flow measurement, calibration, and data acquisition, serving industries like manufacturing, healthcare, and energy.

Recent Developments

• In April 2025, Bosch launched a new range of electrical testing equipment designed specifically for professionals. The lineup includes devices like non-contact voltage testers, clamp meters, and digital multimeters.

• In January 2025, Teradyne and Infineon Technologies announced a strategic partnership to advance power semiconductor testing. As part of the collaboration, Teradyne will acquire Infineon's automated test equipment (ATE) technology and the associated development team based in Regensburg, Germany.

Test And Measurement Equipment Market Report Scope

Global Test And Measurement Equipment Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global test and measurement equipment market report based on product type, service type, end use, and region:

• Product Type Outlook (Revenue, USD Million, 2018 - 2030)

  • General Purpose Test Equipment   

    • Oscilloscopes

    • Signal Generators

    •  Multimeters

    •  Logic Analyzers

    •  Spectrum Analyzers

    • Bert (Bit Error Rate Test)

    • Network Analyzers

    • Others

  • Mechanical Test Equipment   

    • Non-Destructive Test Equipment

    • Machine Vision Inspection

    • Machine Condition Monitoring

• Service Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Calibration Services

  • Repair Services/After-Sales Services

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Automotive and Transportation

  • Aerospace and Defense

  • IT and Telecommunication

  • Education

  • Semiconductor and Electronics

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa