India Test and Measurement Equipment Market, By Product Type (General Purpose Test Equipment and Mechanical Test Equipment), By Service Type (Repair Services/After Sales Services and Calibration Services), By Type (Non Destructive Testing and Destructive) By End User (Automotive and Transportation, Aerospace and Defense, IT and Telecommunications, Semiconductor and Electronics, Industrial, Healthc
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Test and Measurement Equipment Market, By Product Type (General Purpose Test Equipment and Mechanical Test Equipment), By Service Type (Repair Services/After Sales Services and Calibration Services), By Type (Non Destructive Testing and Destructive) By End User (Automotive and Transportation, Aerospace and Defense, IT and Telecommunications, Semiconductor and Electronics, Industrial, Healthc
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.
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
Market Players
Major market players in the India Test and Measurement Equipment Market are
| Attribute | Details |
| Market size value in 2022 | USD 390.77 million |
| Revenue Forecast in 2028 | USD 503.09 million |
| Growth Rate | 4.33% |
| Base Year | 2022 |
| Historic Data | 2018– 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023 E-2028F |
| Report Coverage | Revenue forecast, company share, growth factors, and trends |
| Segments Covered | Product Type Service Type End User Instrumentation Type Type |
| Regional scope | North, West, East, South |
| Key companies profiled | 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. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | 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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