The India Test and Measurement Equipment Market stood at USD 390.77 million in 2022 and is expected to register a CAGR of 4.33% during the forecast period. Owing to the country’s improved communication infrastructure, the number is probably going to rise. Due to the growing requirement for communication testing and measurement tools, the test and measurement industry is expected to experience substantial expansion.
The General-Purpose Test Equipment is dominating the India Test and Measurement Equipment Market by Product type with a market share of 61.86% in 2022 and is expected to register a CAGR of 5.06% during the forecast period. In order to monitor the signal strength, calibration services, and data transmission conditions, and health of the various complex electronic devices utilized there, data centers require a lot of test and measurement equipment. As a result, General Purpose Test Equipment market is anticipated to grow.
In terms of end use, the Automotive and Transportation in the India Test and Measurement Equipment Market stood at USD 89.99 million, with a market share of 23.03% in 2022. The market leader in seating and E-Systems for the automotive industry in India has announced the strategic acquisition of InTouch Automation, provider of Industry 4.0 technologies and sophisticated automated testing machinery for the manufacture of automobile seats. Since automotive industry investment are rising in India, market is expected to register a high CAGR during the forecast period.
South India being the dominant region, held 33.74% of the market share in the India Test and Measurement Equipment Market in 2022. South is leading the regional segment, due to the reason that it is the IT hub of India. Additionally, the government’s aims is for the economy to generate USD 25 billion in revenue by 2025, including USD 5 billion in exports related to the aerospace and defense industries. India has one of the most formidable militaries in the whole world and is vital from a strategic perspective for the Indian government. Military fixed wing, naval vessels, and missiles and missile defense systems are the top three largest market categories in the Indian defense industry. Testing procedures are crucial while producing equipment and tools, and as a result, the market is anticipated to expand much more during the forecast period.
Major companies in the market are Keysight Technologies India Private Limited, Rohde & Schwarz India Private Limited, Ni Systems (India) Private Limited, Yokogawa India Limited, Anritsu India Private Limited, Fortive India Private Limited, Viavi Solutions India Private Limited, Texas Instruments (India) Private Limited, Advantest India Private Limited, EXFO Electro-Optical Engineering India Private Limited, and Endress + Hauser (India) Private Limited.