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North America Test and Measurement Equipment Market Size, Share & Industry Trends Analysis Report By Offering, By Vertical, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 112 Pages
  • June 2023
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5852048
The North America Test and Measurement Equipment Market should 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 should 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.

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

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.

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

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 Analyst's 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:

Companies Mentioned

  • 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.

Methodology

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