The North America Test and Measurement Equipment Market would witness market growth of 3.9% CAGR during the forecast period (2023-2030).
Circuit boards are incorporated with electronic parts. Such circuit boards must provide a high level of quality and reliability because they are used in crucial devices with crucial functionality, like the motor drive circuitry for industrial robots and the electronic control units (ECUs) for electric vehicles (EVs). With the expansion of the EVs, the demand for T&M equipment will increase.
The primary industry for the market is electronic equipment, which also includes producers of electronic, analytical test & measurement instruments, scanner/barcode products, display screens, point-of-sale equipment, and security system equipment. In a test environment, signals are generated using electronic test equipment, and responses are recorded from electronic devices. In a particular segment, computer-controlled devices are used to analyze the performance and operation of electronic devices using automated test equipment.
The passenger car sector is one of the US's strongest and most important industrial sectors. Two of the top 10 car manufacturers worldwide are in the United States. In addition, the US was the second-largest producer of passenger cars (in terms of units) and ranked third overall in terms of worth for exports in 2012. In addition, Mexico is the fifth-largest producer and exporter of specialized and heavy vehicles worldwide. Therefore, there is a sizable need for test and measurement equipment due to the region's extensive automotive industry and regulatory standards, which are providing the market with numerous prospects for expansion during the projection period in the region.
The US market dominated the North America Test and Measurement Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,786.6 million by 2030. The Canada market is experiencing a CAGR of 6.3% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 5.4% during (2023 - 2030).
Based on Offering, the market is segmented into Product (General Purpose Test Equipment, and Mechanical Test Equipment), and Services (Calibration Services, Repair or After Sale Services, Others). Based on Vertical, the market is segmented into Industrial, Automotive & Transportation, Electronics & Semiconductor, Education & Government, Healthcare & Dental, Aerospace & Defense, Manufacturing, Telecom & IT, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Test and Measurement Equipment Market is Projected to reach USD 45.6 Billion by 2030, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Viavi Solutions, Inc., Yokogawa Electric Corporation, Keysight Technologies, Inc., Fortive Corporation (Tektronix, Inc.), Ametek, Inc., Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Advantest Corporation, Teledyne FLIR LLC (Teledyne Technologies Incorporated), and EXFO, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- Product
- General Purpose Test Equipment
- Mechanical Test Equipment
- Services
- Calibration Services
- Repair or After Sale Services
- Others
By Vertical
- Industrial
- Automotive & Transportation
- Electronics & Semiconductor
- Education & Government
- Healthcare & Dental
- Aerospace & Defense
- Manufacturing
- Telecom & IT
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Viavi Solutions, Inc.
- Yokogawa Electric Corporation
- Keysight Technologies, Inc.
- Fortive Corporation (Tektronix, Inc.)
- Ametek, Inc.
- Rohde & Schwarz GmbH & Co. KG
- Anritsu Corporation
- Advantest Corporation
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- EXFO, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Test and Measurement Equipment Market, by Offering
1.4.2 North America Test and Measurement Equipment Market, by Vertical
1.4.3 North America Test and Measurement Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Aug – 2023, May) Leading Players
Chapter 4. North America Test and Measurement Equipment Market by Offering
4.1 North America Product Market by Country
4.2 North America Test and Measurement Equipment Market by Product Type
4.2.1 North America General Purpose Test Equipment Market by Country
4.2.2 North America Mechanical Test Equipment Market by Country
4.3 North America Services Market by Country
4.4 North America Test and Measurement Equipment Market by Services Type
4.4.1 North America Calibration Services Market by Country
4.4.2 North America Repair or After Sale Services Market by Country
4.4.3 North America Others Market by Country
Chapter 5. North America Test and Measurement Equipment Market by Vertical
5.1 North America Industrial Market by Country
5.2 North America Automotive & Transportation Market by Country
5.3 North America Electronics & Semiconductor Market by Country
5.4 North America Education & Government Market by Country
5.5 North America Healthcare & Dental Market by Country
5.6 North America Aerospace & Defense Market by Country
5.7 North America Manufacturing Market by Country
5.8 North America Telecom & IT Market by Country
5.9 North America Others Market by Country
Chapter 6. North America Test and Measurement Equipment Market by Country
6.1 US Test and Measurement Equipment Market
6.1.1 US Test and Measurement Equipment Market by Offering
6.1.1.1 US Test and Measurement Equipment Market by Product Type
6.1.1.2 US Test and Measurement Equipment Market by Services Type
6.1.2 US Test and Measurement Equipment Market by Vertical
6.2 Canada Test and Measurement Equipment Market
6.2.1 Canada Test and Measurement Equipment Market by Offering
6.2.1.1 Canada Test and Measurement Equipment Market by Product Type
6.2.1.2 Canada Test and Measurement Equipment Market by Services Type
6.2.2 Canada Test and Measurement Equipment Market by Vertical
6.3 Mexico Test and Measurement Equipment Market
6.3.1 Mexico Test and Measurement Equipment Market by Offering
6.3.1.1 Mexico Test and Measurement Equipment Market by Product Type
6.3.1.2 Mexico Test and Measurement Equipment Market by Services Type
6.3.2 Mexico Test and Measurement Equipment Market by Vertical
6.4 Rest of North America Test and Measurement Equipment Market
6.4.1 Rest of North America Test and Measurement Equipment Market by Offering
6.4.1.1 Rest of North America Test and Measurement Equipment Market by Product Type
6.4.1.2 Rest of North America Test and Measurement Equipment Market by Services Type
6.4.2 Rest of North America Test and Measurement Equipment Market by Vertical
Chapter 7. Company Profiles
7.1 Teledyne FLIR LLC (Teledyne Technologies Incorporated)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Product Launches and Product Expansions:
7.1.5 SWOT Analysis
7.2 Viavi Solutions, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.5.3 Acquisition and Mergers:
7.3 Yokogawa Electric Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.5.2 Acquisition and Mergers:
7.4 Keysight Technologies, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.5.2 Acquisition and Mergers:
7.5 Fortive Corporation (Tektronix, Inc.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Ametek, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Acquisition and Mergers:
7.7 Rohde & Schwarz GmbH & Co. KG
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.7.2.2 Acquisition and Mergers:
7.8 Anritsu Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Product Launches and Product Expansions:
7.9 Advantest Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Product Launches and Product Expansions:
7.9.5.2 Acquisition and Mergers:
7.10. EXFO, Inc.
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
7.10.2.2 Acquisition and Mergers:
TABLE 1 North America Test and Measurement Equipment Market, 2019 - 2022, USD Million
TABLE 2 North America Test and Measurement Equipment Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Test and Measurement Equipment Market
TABLE 4 Product Launches And Product Expansions– Test and Measurement Equipment Market
TABLE 5 Acquisition and Mergers– Test and Measurement Equipment Market
TABLE 6 North America Test and Measurement Equipment Market by Offering, 2019 - 2022, USD Million
TABLE 7 North America Test and Measurement Equipment Market by Offering, 2023 - 2030, USD Million
TABLE 8 North America Product Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Product Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Test and Measurement Equipment Market by Product Type, 2019 - 2022, USD Million
TABLE 11 North America Test and Measurement Equipment Market by Product Type, 2023 - 2030, USD Million
TABLE 12 North America General Purpose Test Equipment Market by Country, 2019 - 2022, USD Million
TABLE 13 North America General Purpose Test Equipment Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Mechanical Test Equipment Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Mechanical Test Equipment Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Test and Measurement Equipment Market by Services Type, 2019 - 2022, USD Million
TABLE 19 North America Test and Measurement Equipment Market by Services Type, 2023 - 2030, USD Million
TABLE 20 North America Calibration Services Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Calibration Services Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Repair or After Sale Services Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Repair or After Sale Services Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Test and Measurement Equipment Market by Vertical, 2019 - 2022, USD Million
TABLE 27 North America Test and Measurement Equipment Market by Vertical, 2023 - 2030, USD Million
TABLE 28 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Automotive & Transportation Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Automotive & Transportation Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Electronics & Semiconductor Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Electronics & Semiconductor Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Education & Government Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Education & Government Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Healthcare & Dental Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Healthcare & Dental Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Aerospace & Defense Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Aerospace & Defense Market by Country, 2023 - 2030, USD Million
TABLE 40 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 42 North America Telecom & IT Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Telecom & IT Market by Country, 2023 - 2030, USD Million
TABLE 44 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 46 North America Test and Measurement Equipment Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Test and Measurement Equipment Market by Country, 2023 - 2030, USD Million
TABLE 48 US Test and Measurement Equipment Market, 2019 - 2022, USD Million
TABLE 49 US Test and Measurement Equipment Market, 2023 - 2030, USD Million
TABLE 50 US Test and Measurement Equipment Market by Offering, 2019 - 2022, USD Million
TABLE 51 US Test and Measurement Equipment Market by Offering, 2023 - 2030, USD Million
TABLE 52 US Test and Measurement Equipment Market by Product Type, 2019 - 2022, USD Million
TABLE 53 US Test and Measurement Equipment Market by Product Type, 2023 - 2030, USD Million
TABLE 54 US Test and Measurement Equipment Market by Services Type, 2019 - 2022, USD Million
TABLE 55 US Test and Measurement Equipment Market by Services Type, 2023 - 2030, USD Million
TABLE 56 US Test and Measurement Equipment Market by Vertical, 2019 - 2022, USD Million
TABLE 57 US Test and Measurement Equipment Market by Vertical, 2023 - 2030, USD Million
TABLE 58 Canada Test and Measurement Equipment Market, 2019 - 2022, USD Million
TABLE 59 Canada Test and Measurement Equipment Market, 2023 - 2030, USD Million
TABLE 60 Canada Test and Measurement Equipment Market by Offering, 2019 - 2022, USD Million
TABLE 61 Canada Test and Measurement Equipment Market by Offering, 2023 - 2030, USD Million
TABLE 62 Canada Test and Measurement Equipment Market by Product Type, 2019 - 2022, USD Million
TABLE 63 Canada Test and Measurement Equipment Market by Product Type, 2023 - 2030, USD Million
TABLE 64 Canada Test and Measurement Equipment Market by Services Type, 2019 - 2022, USD Million
TABLE 65 Canada Test and Measurement Equipment Market by Services Type, 2023 - 2030, USD Million
TABLE 66 Canada Test and Measurement Equipment Market by Vertical, 2019 - 2022, USD Million
TABLE 67 Canada Test and Measurement Equipment Market by Vertical, 2023 - 2030, USD Million
TABLE 68 Mexico Test and Measurement Equipment Market, 2019 - 2022, USD Million
TABLE 69 Mexico Test and Measurement Equipment Market, 2023 - 2030, USD Million
TABLE 70 Mexico Test and Measurement Equipment Market by Offering, 2019 - 2022, USD Million
TABLE 71 Mexico Test and Measurement Equipment Market by Offering, 2023 - 2030, USD Million
TABLE 72 Mexico Test and Measurement Equipment Market by Product Type, 2019 - 2022, USD Million
TABLE 73 Mexico Test and Measurement Equipment Market by Product Type, 2023 - 2030, USD Million
TABLE 74 Mexico Test and Measurement Equipment Market by Services Type, 2019 - 2022, USD Million
TABLE 75 Mexico Test and Measurement Equipment Market by Services Type, 2023 - 2030, USD Million
TABLE 76 Mexico Test and Measurement Equipment Market by Vertical, 2019 - 2022, USD Million
TABLE 77 Mexico Test and Measurement Equipment Market by Vertical, 2023 - 2030, USD Million
TABLE 78 Rest of North America Test and Measurement Equipment Market, 2019 - 2022, USD Million
TABLE 79 Rest of North America Test and Measurement Equipment Market, 2023 - 2030, USD Million
TABLE 80 Rest of North America Test and Measurement Equipment Market by Offering, 2019 - 2022, USD Million
TABLE 81 Rest of North America Test and Measurement Equipment Market by Offering, 2023 - 2030, USD Million
TABLE 82 Rest of North America Test and Measurement Equipment Market by Product Type, 2019 - 2022, USD Million
TABLE 83 Rest of North America Test and Measurement Equipment Market by Product Type, 2023 - 2030, USD Million
TABLE 84 Rest of North America Test and Measurement Equipment Market by Services Type, 2019 - 2022, USD Million
TABLE 85 Rest of North America Test and Measurement Equipment Market by Services Type, 2023 - 2030, USD Million
TABLE 86 Rest of North America Test and Measurement Equipment Market by Vertical, 2019 - 2022, USD Million
TABLE 87 Rest of North America Test and Measurement Equipment Market by Vertical, 2023 - 2030, USD Million
TABLE 88 Key Information – Teledyne FLIR LLC
TABLE 89 key Information – Viavi Solutions, Inc.
TABLE 90 Key Information – Yokogawa Electric Corporation
TABLE 91 Key Information – Keysight Technologies, Inc.
TABLE 92 Key Information –fortive corporation
TABLE 93 Key Information – Ametek, Inc.
TABLE 94 Key Information – Rohde & Schwarz GmbH & Co. KG
TABLE 95 key Information – Anritsu Corporation
TABLE 96 Key Information – Advantest Corporation
TABLE 97 key Information – EXFO, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2019, Aug – 2023, May) Leading Players
FIG 5 North America Test and Measurement Equipment Market share by Offering, 2022
FIG 6 North America Test and Measurement Equipment Market share by Offering, 2030
FIG 7 North America Test and Measurement Equipment Market by Offering, 2019 - 2030, USD Million
FIG 8 North America Test and Measurement Equipment Market share by Vertical, 2022
FIG 9 North America Test and Measurement Equipment Market share by Vertical, 2030
FIG 10 North America Test and Measurement Equipment Market by Vertical, 2019 - 2030, USD Million
FIG 11 North America Test and Measurement Equipment Market share by Country, 20122
FIG 12 North America Test and Measurement Equipment Market share by Country, 2030
FIG 13 North America Test and Measurement Equipment Market by Country, 2019 - 2030, USD Million
FIG 14 Swot analysis: Teledyne FLIR LLC
FIG 15 Recent strategies and developments: Viavi Solutions, Inc.
FIG 16 Recent strategies and developments: Yokogawa Electric Corporation
FIG 17 Recent strategies and developments: Keysight Technologies, Inc.
FIG 18 Recent strategies and developments: Rohde & Schwarz GmbH & Co. KG
FIG 19 Recent strategies and developments: Anritsu Corporation
FIG 20 Recent strategies and developments: Advantest Corporation
FIG 21 Recent strategies and developments: EXFO, Inc.