India Test and Measurement
Equipment Market was valued at USD390.77 million in 2022 and is anticipated to
project robust growth in the forecast period with a CAGR of 4.33%.
Test and Measurement
Equipment comprises of tools, gauges, instruments, devices, and systems which
are used to inspect, test, calibrate, and measure numerous mechanical
parameters. The test and measurement equipment are used across a wide variety
of fields that includes electronics, research labs, material analysis,
manufacturing, and particle analysis along with the particle analysis testing
that includes particle counters, size analyzers, shape analyzers, surface
energy analyzers, and zeta potential analyzers. There are many different
fields that require test and measurement equipment. Test and measurement
equipment are used in electronics, research labs, material analysis,
manufacturing, and particle analysis tomeasure the many components of the
materials being used there,
Growing Consumption of
Electronic Devices
The usage of electronic devices has increased in India under digital India
program. All electronic devices and equipment must pass an authentication test
before being sold on the market. The requirement for test and measurement
equipment in electronic production facilities will increase as electrical and
electronic devices are used more frequently. The use of testing and measurement
equipment, which helps to notice any potential harm that can occur during the
manufacturing process, improves the quality of the product and the brand value
of the company using it. In this regard, it is anticipated that the market for
test and measurement equipment in India would expand quickly throughout the
forecast period.
Growing Demand for Safe and Quality Checked Home
Appliances
Given the steadily expanding pace of data
consumption, it is expected that consumer electronics sales would rise soon,
which will likely lead to an increase in the market share for test and
measurement equipment. Industrial expansion is being supported by improvements
in residential technology. To fit the straightforward lives of tech-savvy
clients, manufacturers are constantly developing and improving smart home
appliances. Additionally, businesses have been developing cutting-edge
components and sophisticated automation for smart homes. Due to the significant
expenditures connected with technological improvements, which might lead to
increased overall product costs, household appliances now require safety and
testing. Thus, it influence the India test and measurement equipment market.
Rising 5G Technology for Gadgets
As electronic goods continue to reduce in size, test
and measurement equipment are getting increasingly compact and user-friendly.
The measuring times are reduced, and the results are more precise. New
technologies such as 5G, IoT, M2M, and others are being evaluated using the
most modern T&M equipment. On the interior, modern T&M equipment are
more intelligent, making the measuring procedure simple and rapid. Many T&M
instruments are supported by both heritage and current technology, making them
less expensive. Many T&M devices support both traditional and cutting-edge
technologies in a single unit. These instruments also offer USB, LAN, and
Bluetooth interfaces, which make data exchange and transfer easier and faster.
Adoption of IoT and ML in Testing Devices
Adoption of cutting-edge digital technology
from the present, such semiconductor device manufacturing volume, machine
learning (ML), or even the Internet of Things (IoT). Further advancement in
this area is probably one of the most crucial factors determining the main
trends and chances in the test and measurement equipment market during the
projected year. India is progressing as a result of the effective access to
real-time work monitoring provided by cutting-edge solutions like Artificial
Intelligence (AI). The Indian government has begun several projects after
realising the importance of the shift to a digital economy. The manufacturing
sector and the digital economy have seen significant government investment, and
programmes like "Make in India" are successfully supporting the
growth of a number of industrial firms in the area, which promotes the use of
cutting-edge technologies. As a result, it is anticipated that the test and
measurement equipment market in India will grow.
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Market Segmentation
The India test and measurement equipment
market is divided into product type, service type, end user, instrumentation
type,type, region and competitive landscape. Based on product type, the market
is divided into general purpose test equipment and mechanical test equipment. Based
on service type, the market is segmented into
repair services/after sales services and calibration services. Based on end
user, the market is segmented into automotive and transportation, aerospace,
and defense, IT and telecommunications, semiconductor and electronics industrial, healthcare and
education. Based on instrumentation type, the market is segmented into data
acquisition, active probes, scales & weight, laser distance measurement,
field instrumentation, and lab instrumentation and spectroscopy. Based on type,
the market is segmented into nondestructive testing, destructive.
Market Players
Major
market players in the India Test
and Measurement Equipment Market are Keysight Technologies India Private
Limited, Emirates Digital Wallet LLC (Klip), Ni Systems (India) Private Limited,
Yokogawa India Limited, Anritsu India Private Limited, Fortive India Private
Limited, Viavi Solutions India Private Limited, Advantest India Private Limited,
Texas Instruments (India) Private Limited, EXFO Electro-Optical Engineering India
Private Limited and Endress + Hauser (India) Private Limited.
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Attribute
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Details
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Market size value in 2022
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USD 390.77 million
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Revenue Forecast in 2028
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USD
503.09 million
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Growth Rate
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4.33%
|
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Base Year
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2022
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Historic Data
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2018– 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue
in USD Million, and CAGR for 2018-2022 and 2023 E-2028F
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Report Coverage
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Revenue forecast, company share, growth factors, and trends
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Segments Covered
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Product
Type
Service
Type
End
User
Instrumentation
Type
Type
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Regional scope
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North, West, East, South
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Key companies profiled
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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, Advantest India Private Limited, Texas Instruments (India) Private
Limited, EXFO Electro-Optical Engineering India Private Limited and Endress +
Hauser (India) Private Limited.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, the India Test and Measurement Equipment Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
·
India Test and Measurement Equipment Market, By Product
Type:
o General Purpose Test Equipment
o Mechanical Test Equipment
·
India Test and Measurement Equipment Market, By Service
Type:
o Repair Services/After Sales
Services
o Calibration Services
·
India Test and Measurement Equipment Market, By End User:
o Automotive and Transportation
o Aerospace and Defense
o IT and Telecommunications
o Semiconductor and Electronics
o Industrial
o Healthcare
o Education
·
India Test and Measurement Equipment Market, By Instrumentation
Type:
o
Data
Acquisition
o
Active
Probes
o
Scales
& Weight
o
Laser
Distance Measurement
o
Field
Instrumentation
o
Lab
Instrumentation
o
Spectroscopy
·
India Test and Measurement Equipment Market, By Type:
o
Non -Destructive testing
o
Destructive
·
India Test and Measurement Equipment Market, By Region:
o South
o North
o West
o East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Test and Measurement Equipment Market.
Available Customizations:
, Tech Sci Research offers
customizations according to a company's specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India test and measurement equipment market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]