1 Global Test and Measurement Equipment Market Insight Analysis
The global test and measurement equipment market size will reach USD 46046.61 million in 2025, with a CAGR of 11.71% from 2025 to 2033.
Test and Measurement Equipment is equipment used to inspect, test, calibrate, or measure parameters. They are widely used in the fields of IT & telecommunication, semiconductors and electronics, aerospace and defense, automotive and healthcare, etc.
Figure Global Test and Measurement Equipment Market Size (M USD) and CAGR (2025-2033)
2 Test and Measurement Equipment Market Growth Drivers and Restraints
Downstream industry demand expansion
Testing and measuring equipment is widely used in IT and communications, semiconductors, aerospace, automobiles, and medical fields. As the global industries have higher requirements for product quality, performance verification, and safety, the demand for high-precision testing equipment in the R&D and production links of related companies continues to grow.
For example, the electrification trend in the automotive industry has driven the demand for battery and motor testing equipment; the shrinking process in the semiconductor industry and the popularization of 5G technology have led to an increase in the demand for high-frequency testing equipment; the increasing aging of the medical industry has led to an increase in the demand for medical equipment testing. Document data shows that in 2022, the sales of medical equipment reached 527,500 units, and it is expected to increase to 1,040,200 units in 2028, with a compound annual growth rate of 10.3%.
Technology upgrades and emerging technologies drive
The development of emerging technologies such as 5G, the Internet of Things (IoT), artificial intelligence (AI), and quantum computing requires test equipment to have higher bandwidth, faster sampling rates, and stronger data analysis capabilities. For example, 5G network deployment requires test instruments that support high-frequency bands (such as millimeter waves), and the popularity of IoT devices has given rise to the demand for low-power, high-precision sensor testing equipment. The document mentioned that Rohde & Schwarz expanded the field of quantum computing testing by acquiring Zurich Instruments, showing the driving effect of the technological frontier on the market.
Automation and intelligent trends
Industry 4.0 and intelligent manufacturing drive test equipment to develop in the direction of automation and modularization. In order to improve efficiency, companies tend to adopt modular test platforms that integrate multiple functions (such as Keysight’s Infiniium oscilloscopes that integrate multiple analysis software) to reduce manual operation costs. At the same time, the application of IoT technology enables test equipment to be monitored online in real time, realize remote debugging and data sharing, and further improve production efficiency.
Unbalanced regional market growth
The Asia-Pacific region (especially China and India) has become the fastest growing regional market due to the rapid development of the manufacturing industry and policy support (such as “Made in China 2025”). In 2022, sales in the Asia-Pacific region accounted for 34.05%, and it is expected to rise to 36.60% in 2028, with a compound annual growth rate of 13.36%. North America and Europe, relying on their technological accumulation and high-end market advantages, maintain stable growth. In 2022, North America’s market share reached 43.95%, still the largest market.
Intensive industry competition and profit margin pressure
Market competition is concentrated in leading companies. In 2021, the top five manufacturers (Keysight, Advantest, Rohde & Schwarz, etc.) accounted for 30.53% of the market share, and price competition was fierce. Small and medium-sized enterprises face cost pressure. For example, manufacturers such as GW Instek and SIGLENT need to balance between low-price strategies and technology research and development, and their gross profit margins are generally lower than 60% (document data shows that their gross profit margins are about 55%-58%). In addition, leading companies expand their market share through mergers and acquisitions (such as Keysight’s acquisition of Eggplant), further squeezing the survival space of small and medium-sized enterprises.
Technology R&D threshold and talent shortage
High-end test equipment (such as high-frequency oscilloscopes and semiconductor testers) rely on high-precision components and complex algorithms, with large R&D investment and long cycles. For example, Advantest’s semiconductor test equipment research and development requires close cooperation with global chip manufacturers, and has high technical barriers. At the same time, the industry needs compound talents with electronic engineering, software programming and data analysis capabilities. Some regions (such as Europe) face talent shortages due to an aging population, which restricts the speed of technological innovation.
Supply chain fluctuations and geopolitical impacts
Test equipment production relies on the global supply chain, especially integrated circuit chips and electronic components (such as XILINX and Intel chips). In recent years, geopolitical conflicts (such as Sino-US trade frictions) and the epidemic have led to unstable supply chains, and fluctuations in raw material prices (such as PCB and display costs account for 71.38%) have affected production costs. For example, during the 2020 epidemic, some manufacturers were forced to reduce production due to shortages of parts, and the trend of supply chain localization intensified, but short-term costs rose.
Cyclical fluctuations in downstream industries
The demand for test equipment is highly correlated with the prosperity of downstream industries. For example, the automotive industry is significantly affected by the economic cycle. In 2020, global automotive test equipment sales fell by 6.46% due to the epidemic; technological iterations in the semiconductor industry (such as the transition from 5G to 6G) may lead to short-term demand fluctuations, affecting the stability of equipment manufacturers’ revenue.
3 Technological Innovations in the Test and Measurement Equipment Market
Modularity and software-defined testing (SDT)
Modular design enables multi-functional integration through a shared hardware platform, reducing user costs. For example, National Instruments’ PXI oscilloscope can synchronize multi-channel testing and support software-defined function expansion; Keysight’s BenchVue software implements automated testing processes and improves R&D efficiency. Under the trend of software-defined testing (SDT), manufacturers have shifted from hardware sales to the “hardware + software + service” model. For example, VIAVI’s T-BERD/MTS-5800-100G tester supports 5G new frequency bands through software upgrades to extend the product life cycle.
High-precision and high-frequency testing technology
The semiconductor and communications industries drive the demand for high-frequency testing. For example, Advantest’s EVA100 system supports signal testing above 100GHz, which is suitable for 5G chip verification; Rohde & Schwarz’s R&S®CMP180 radio communication tester covers the 8GHz frequency band to meet millimeter wave testing needs. At the same time, quantum computing testing has become a new frontier. After acquiring Zurich Instruments, the company launched a quantum signal analysis solution to fill the market gap.
Automation and artificial intelligence applications
Automated test systems (such as EXFO’s FTB-1Pro) use AI algorithms to optimize test processes and reduce manual intervention. For example, Teledyne’s LCR meters use AI to analyze harmonic data to improve power measurement accuracy; SIGLENT’s oscilloscopes automatically identify signal anomalies through machine learning algorithms to shorten troubleshooting time.
Green energy-saving technology
The global carbon neutrality goal promotes the transformation of test equipment to low-power design. For example, Yokogawa’s WT5000 power analyzer supports energy efficiency testing to help companies optimize energy use; some manufacturers use renewable materials to manufacture equipment housings to reduce carbon footprints and comply with EU RoHS and other environmental standards.
Horizontal expansion of leading companies
Leading companies quickly acquire technology and market share through mergers and acquisitions:
Keysight: Acquired Eggplant in 2020 to enhance automated testing software capabilities; market share reached 11.58% in 2022, ranking first in the industry.
Advantest: Acquired R&D Altanova (test interface board manufacturer) in 2021, and CREA (power semiconductor test equipment manufacturer) in 2022, improving the layout of the entire semiconductor test chain, with revenue increasing by 24.5% year-on-year.
Rohde & Schwarz: Acquired Zurich Instruments in 2021, entered the field of quantum computing testing, and expanded the high-end market.
Regional manufacturer integration and cooperation
Manufacturers in the Asia-Pacific region enhance competitiveness through mergers and acquisitions:
GW Instek (Taiwan): By acquiring mainland electronic component manufacturers and optimizing the supply chain, sales increased by 15.2% in 2022, and gross profit margin increased to 57.54%.
SIGLENT (China): Cooperated with universities to establish a research and development center, and launched the SDS6000A series oscilloscope in 2021, with a bandwidth of 2GHz and technical indicators close to international first-line brands.
Vertical integration of the industry chain
Some companies extend their control of key links upstream:
Fortive: Through its subsidiary Fluke, it integrates sensor and software businesses to form a closed loop of “measurement equipment + data analysis”, with industrial revenue accounting for 40% in 2022.
Texas Instruments: Self-developed test chips to reduce dependence on external suppliers, while expanding into the field of automotive electronics testing, with automotive business revenue increasing by 18% in 2022.
4 Global Test and Measurement Equipment Market Size by Type
General Purpose Test Equipment is expected to reach a market size of USD 35,983.70 million in 2025. This category typically includes instruments that measure basic parameters such as watts, voltage, frequency, and other diagnostic data. General Purpose Test Equipment is widely used across various industries, including IT & telecommunications, semiconductors & electronics, aerospace & defense, automotive, and healthcare.
Due to the increasing demand for precise measurement and testing in these industries, the market size of General Purpose Test Equipment continues to expand. Moreover, with technological advancements and the increasing complexity of products, the demand for high-precision and multifunctional test equipment is also on the rise, further driving the growth of the market size.
On the other hand, Mechanical Test Equipment is expected to have a market size of USD 10,062.91 million in 2025. This category covers equipment used for adhesion, compression, drop (shock), tensile, vibration, and fatigue testing. Mechanical Test Equipment is crucial for material science, quality control, reliability assessment, and performance verification during product development.
With the emergence of new materials and technologies, the demand for these devices is also growing to ensure that materials and products can withstand various conditions in practical applications. Additionally, as global requirements for product safety and reliability increase, the importance of Mechanical Test Equipment in high-risk industries such as automotive and aerospace becomes increasingly prominent.
Table Global Test and Measurement Equipment Market Size by Type in 2025
Type | Market Size (M USD) 2025 |
|---|---|
General Purpose Test Equipment | 35983.70 |
Mechanical Test Equipment | 10062.91 |
5 Global Test and Measurement Equipment Market Size by Application
In the realm of IT & telecommunication, the market size is projected to reach 11738.55 million US dollars. This significant figure is driven by the continuous evolution of communication technologies. The roll – out of 5G networks and the expansion of the Internet of Things (IoT) require sophisticated test and measurement equipment to ensure signal integrity, network performance, and data transmission accuracy. Equipment such as network analyzers, signal generators, and spectrum analyzers play crucial roles in this application area.
The semiconductor & electronics sector follows with a market size of 8896.03 million US dollars. As semiconductor manufacturing processes become more intricate and miniaturized, the need for precise testing equipment has soared. Semiconductor testers are essential for validating the functionality and performance of integrated circuits. Additionally, with the increasing complexity of electronic devices, from smartphones to high – end servers, equipment for component testing, such as oscilloscopes and logic analyzers, is in high demand.
Aerospace & Defense accounts for a market size of 9473.11 million US dollars. In this highly regulated and safety – critical industry, test and measurement equipment is vital for ensuring the reliability and performance of aerospace systems and defense technologies. This includes equipment for testing avionics systems, radar technologies, and the structural integrity of aircraft components. Stringent quality control and compliance requirements drive the demand for advanced testing solutions in this application.
The automotive industry’s market size for test and measurement equipment is estimated at 7827.89 million US dollars in 2025. The automotive sector is undergoing a transformative period with the rise of electric vehicles (EVs) and autonomous driving technologies. EV battery testing equipment, powertrain analyzers, and sensors for autonomous driving systems all contribute to this market revenue. Precise measurement is necessary to ensure vehicle safety, efficiency, and compliance with environmental regulations.
Healthcare, with a market size of 2058.93 million US dollars, also relies on test and measurement equipment for a variety of purposes. Medical device manufacturers use equipment to test the accuracy and reliability of diagnostic tools, such as X – ray machines, MRI scanners, and blood glucose monitors. In addition, equipment for pharmaceutical research, like analytical balances and spectrometers, is crucial for drug development and quality control.
Table Global Test and Measurement Equipment Market Size by Application in 2025
Application | Market Size (M USD) 2025 |
|---|---|
IT & telecommunication | 11738.55 |
Semiconductor & Electronics | 8896.03 |
Aerospace & Defense | 9473.11 |
Automotive | 7827.89 |
Healthcare | 2058.93 |
Others | 6052.10 |
6 Global Test and Measurement Equipment Market Size by Region
In 2025, the market size of test and measurement equipment in North America is projected to reach 20006.26 million US dollars. North America has long been a dominant force in this market, primarily due to its robust technological infrastructure and a high concentration of leading – edge technology companies. The region is home to many industry – leading manufacturers of test and measurement equipment, which have a strong foothold in both domestic and international markets.
The United States, in particular, is at the forefront. It benefits from significant investments in research and development across various sectors such as aerospace, defense, and semiconductor. For instance, the aerospace and defense industries in the US require sophisticated test and measurement equipment for quality control, product development, and compliance testing. Moreover, the rapid growth of the tech – startup ecosystem in Silicon Valley and other regions fuels the demand for advanced testing solutions for emerging technologies like artificial intelligence and 5G. The region’s well – established educational institutions also contribute by producing a skilled workforce that drives innovation in the field.
Europe’s market size for test and measurement equipment is estimated at 11656.37 million US dollars in 2025. Europe has a rich history in manufacturing and engineering, which forms the bedrock of its test and measurement equipment market. The region has a diverse industrial base, with sectors like automotive, telecommunications, and precision engineering driving the demand for testing solutions.
Germany, for example, is renowned for its high – quality engineering and manufacturing. German companies in the automotive and machinery sectors rely heavily on accurate test and measurement equipment to maintain their reputation for precision and quality. In addition, the European Union’s initiatives in areas such as environmental sustainability and digitalization are spurring the development and adoption of new testing technologies. However, Europe also faces challenges such as an aging workforce in some industries and the need to keep pace with the rapid technological advancements in other parts of the world.
The Asia Pacific region’s market size for test and measurement equipment is set to be 12954.17 million US dollars in 2025. This region has witnessed remarkable growth in recent years and is poised to continue its upward trajectory. The growth in Asia Pacific can be attributed to several factors. Firstly, countries like China and India have seen a surge in manufacturing activities across multiple industries, including electronics, automotive, and telecommunications. As these industries expand, the demand for test and measurement equipment to ensure product quality and compliance has increased exponentially.
China, in particular, has been investing heavily in domestic research and development, aiming to become self – sufficient in high – tech manufacturing. This has led to a burgeoning market for test and measurement equipment, both for local companies and for multinational corporations operating in the country. Additionally, the rise of emerging economies in Southeast Asia, such as Vietnam and Indonesia, is further fueling the demand as they develop their manufacturing capabilities. The Asia Pacific region also benefits from a large and growing consumer market, which drives innovation in consumer electronics and, in turn, the need for advanced testing equipment.
Figure Global Test and Measurement Equipment Market Size (M USD) by Region in 2025
7 Global Test and Measurement Equipment Market Analysis by Major Players
Keysight Technologies
Company Profile: Keysight Technologies, established in 2014, is a leading technology company that specializes in electronic test and measurement equipment and software. With its headquarters in the United States, Keysight has a global presence, serving customers worldwide.
Business Overview: Keysight provides a comprehensive range of hardware and software solutions for various applications, including benchtop, modular, and field instruments. Their product line includes oscilloscopes, multimeters, logic analyzers, signal generators, spectrum analyzers, vector network analyzers, atomic force microscopes, automated optical inspection, automated X-ray inspection, in-circuit testers, power supplies, tunable lasers, optical power meters, wavelength-meters, electro-optic converters, optical modulation analyzers, and handheld tools. Keysight also offers electronic design automation (EDA) software through its EEsof division. The company primarily serves industries such as telecommunications, aerospace/defense, industrial, computer, and semiconductor.
Product Offered: Keysight’s product portfolio is extensive, covering a wide range of test and measurement equipment. Their InfiniiVision Oscilloscopes are designed for capturing rare anomalies and glitches with industry-leading waveform update rates. Their Infiniium Real-Time Oscilloscopes offer superior signal integrity attributes, providing a better representation of signals under test. Keysight also provides materials test equipment for advanced materials research, including test methods, recommendations, instruments, fixtures, and software.
Advantest Corporation
Company Profile: Advantest Corporation, founded in 1954, is a renowned Japanese company that offers solutions for a broad range of semiconductors and test needs. With its headquarters in Japan, Advantest has a significant presence in the Americas, Europe, and Asia.
Business Overview: Advantest provides a comprehensive range of products and services for semiconductor testing, from SoC and memory to R&D evaluation and system-level test. The company has established strong partnerships with various semiconductor suppliers, including IDMs, fabless, foundry, and OSAT companies, as well as universities and research institutes. Advant offers a one-stop solution for test systems, test handlers, and device interfaces essential for semiconductor package test.
Product Offered: Advantest’s product portfolio includes the EVA100, an evolutionary value-added measurement system that supports various testing requirements for power supplies, SMU, pattern generators, arbitrary waveform generators, digitizers, and oscilloscopes necessary for complete analog/mixed-signal/sensor/digital IC devices and modules, including Electronic Control Unit (ECU) for automotive evaluation and measurement. The EVA100 system allows engineers to quickly build their own measurement environment without combining several standalone instruments.
Rohde & Schwarz GmbH & Co KG
Company Profile: Rohde & Schwarz GmbH & Co KG, established in 1933, is a German company known for its leading position in Test & Measurement, Secure Communications, Monitoring and Network Testing, and Broadcasting equipment. The company has a global presence with subsidiaries and representatives in over 70 countries.
Business Overview: Rohde & Schwarz is a trailblazer in future areas such as 6G and autonomous driving. The company has an extensive sales and service network, providing solutions for various sectors, including aerospace and defense, factory automation, environmental monitoring, electronics design and development, oceanographic research, deepwater oil and gas exploration and production, medical imaging, and pharmaceutical research.
Their product range includes digital imaging sensors, cameras, and systems within the visible, infrared, and X-ray spectra, monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, aircraft information management systems, and defense electronics and satellite communication subsystems.
Product Offered: Rohde & Schwarz offers a diverse product portfolio, including the R&S®CMP180 radio communication tester, which supports advanced wireless technologies with frequencies up to 8 GHz and bandwidth of 320 MHz. The R&S®RTO6 oscilloscope provides instant insight and in-depth information with a 6 GHz maximum bandwidth and 1 million waveforms per second, ensuring superior signal integrity. These products are designed to meet the needs of various industries, providing high-performance measurement solutions.