Test and Measurement Market Gaining Traction from OEMs of Driverless Trucks and Autonomous Vehicles

The test and measurement market size was approximately $25 billion in 2018, and the demand will be growing at a CAGR of 4% over a forecast period 2019-2025.

As per a recent business intelligence report published by IndustryARC, the test and measurement market size was approximately $25 billion in 2018, and the demand will be growing at a CAGR of 4% over a forecast period 2019-2025. The analyst of the report highlights growing uptake of wireless connectivity equipment, radical growth of the semiconductor industry in the recent past, and consistent demand from the transportation and automotive industry as some of the primary factors that will ensure consistent demand in the global test and measurement market.

The report is titled “Test and Measurement Market: By Product (Wireless Test Equipment, General Purpose Test Equipment (GPTE), Semiconductor Test Equipment, & Real-Time Test Equipment); By Application ( Battery test, LAN / WAN test equipment, LCD test equipment, Semiconductor test, Wireless communications test equipment); By Instrumentation Type ( Active probes, Data acquisition, Field instrumentation, Lab instrumentation, Laser distance measurement, Scales and weight, Spectroscopy); By End-User ( Telecommunications, Aerospace & defense, Semiconductor & electronics, Transportation, Medical, Others ); By Geography - Forecast(2019-2025).” This report covers Test and Measurement Market Size by Instrumentation Type and applications, Test and Measurement market share by top 5 companies and also the market share by start-ups during the forecast period

The analyst has identified that test and measurement systems play a noticeable role in a number of industries including telecommunications, aerospace & defense, semiconductor and electronics, transportation and automobile, and medical industries. However, the transportation and automobile industry currently formulates the most prominent chunk of demand. Geographically, the report rates the Asia Pacific as the region with most opportunities, which once again is dominated by the sectors of transportation and automobile.

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Test and Measurement Market in the Automotive Industry

Worldwide engineers explore for precise and reliable test and measurement instruments to avoid adverse results even with negligible errors. Automobile manufacturers are highly focused on today’s emerging autonomous vehicles with the latest industry specifications. Advanced driver assistance system (ADAS) need to be tested at an extensive range to verify that autonomous vehicles are safer to the human driver. Currently, each and every stage of product development involves testing and measurement that is from R&D to production of the final product. Thus automobile applications enable comfort and safety through an internal process verification. Oscilloscopes, signal generators, digital multimeters, logic analyzers, spectrum analyzers, bit error rate tester, network analyzers, power meters, electronic counters, modular instrumentation, and automated test equipment are a diverse range of products provided by the test and measurement market companies. Increasing adoption of test and measurement equipment from an original equipment manufacturer (OEMs) is influencing to grab the major percentage of market share in the electronic original equipment market. Healthcare professionals are more concerned about the optimal functionality and safety associated with the medical equipment’s, so the healthcare equipment coupled with test and measurement is preferred for fruitful and accurate results.

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Test and Measurement Market – Latest Developments:

Anritsu Corp., National Instruments Corp., Keysight Technologies, Fortive Corp., Rohde & Schwarz GmbH & Co KG, Texas Instruments Inc., Yokogawa Electric Corp., EXFO, Inc., Advantest Corp., VIAVI Solutions Inc. are some of the major players operating in the test and measurement market.

In October 2018, Rohde & Schwarz and Huawei have performed interoperability tests on LTE-V connected vehicles by using R&S CMW500 wideband radio communication tester along with the embedded Huawei Balong 765 IC as an LTE-V UE. Through this, it is now holding its international standards and leading to the commercial product release of LTE-V test system
Advantest Corporation is a top supplier of semiconductor test equipment. In October 2018, it introduced two new systems named B6700L and B6700S in extension to its next-generation B6700 series of burn-in memory testers they are generally used in server and mobile data-storage applications. Additionally, it is a lower cost test solution, performed at lab and production environments

In April 2018, VIAVI Solutions offered RANtoCore(radio access network) with end-to-end mobile network testing capabilities. It is majorly used by network equipment manufacturers (NEMs) to validate networks and also to ensure safety-critical communications between the car’s operating system and sensors as a part of the automotive environment. It is also helpful for NEMs to evolve in the network slicing and multi-access edge computing as well
The essentiality of test and measurement tools for hardware components, medical equipment, and electronic systems for accurate results are anticipated to sustain a healthy demand until 2025. Comfort and safety provided by these systems in the automotive and healthcare industries are projected for the growth of the Test and Measurement market through 2019 to 2025.

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Name: Venkat Reddy
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Organization: IndustryARC
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Release ID: 88912593