APAC Test and Measurement Market - Forecast(2023 - 2028)

Report Code: AIR 0292 Report Format: PDF + Excel

APAC Test and Measurement

The APAC test and measurement equipment market size is forecast to reach $7.3 billion by 2026 and is estimated to grow at a CAGR of 5.19% during the forecast period 2021-2026. The ongoing digital transformation in automotive industry and deployment of electric and hybrid electric vehicles is boosting the retrofitting of devices and equipment embedded with a wide range of test and measurement equipment such as electrical tester, digital multi-meters, digital oscilloscope, spectrum analyzer, and environmental testers. Data centers, advanced telecom infrastructure, and automotive are some major end-use applications that require advanced automated test and measuring equipment to meet modern testing requirement. The data centers utilize various complex electronics devices and thus a large number of test and measurement equipment are deployed in these data center to monitor device condition, signal strength, calibration service, and data transmission condition. These factors are set to propel the APAC Test and Measurement Industry.

Report Coverage

The report: “APAC Test and Measurement Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the APAC Test and Measurement Market.
By Equipment: General Purpose Test Equipment, Semiconductor Test Equipment, Communication Test Equipment, Real Time Test Equipment and Others.
By Application: Battery Test, LAN/WAN Test Equipment, LCD Test Equipment, Semiconductor Test, Wireless Communication Test and Others.
By Instrumentation: Active Probes, Data Acquisition, Field Instrumentation, Lab Instrumentation, Laser Distance Measurement, Scales and Weight, Spectroscopy and Others.
By Industry Vertical: Telecom, Aerospace and Defense, Semiconductor and Electronics, Transporation and Logistics and Others.
By Region: China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Singapore and Others.

Key Takeaways

  • Modern electronic devices in automobiles are boosting the need for RF testing equipment (Radio Frequency testing equipment) significantly, especially automated testing equipment.
  • China holds the majority market share owing to large demand from telecom and automotive industry due to rising Battery and Hybrid Electric Vehicle market.
  • Changing landscape of communication infrastructure and digital transformation in various industries is uplifting the test and measurement equipment market particularly for bit error rate testing and calibration services.
  • Test and and measurement market is fragmented however major vendors are looking forward to consolidate the market through merger and acquisition.

    APAC Test and Measurement Equipment Market, By Region, 2020 (%)

    APAC Test and Measurement Equipment Market
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APAC Test and Measurement Segment Analysis - By Equipment

Communications test equipment are a major market for APAC test and measurement market and are set to grow at 5.9% through 2026. The demand for test and measurement equipment from APAC region is growing enormously in telecommunication sector. Countries having dense population such as India and China contributes large market for telecommunication industry. For instance, in India number of mobile phone subscribers were 91.11 (per 100 inhabitants) in 2017 but in 2018, the number raised to 91.51. The number is likely to increase due to improvement in telecom infrastructure in the country. Growing need for communication tests and measurement equipment is set to witness a significant growth in test and measurement market owing to increase in communication infrastructure.

APAC Test and Measurement Segment Analysis - By Industry vertical 

The test and measurement equipment market is poised to grow at a rapid pace owing to wide range of applications in the battery and hybrid electric vehicles in the automotive sector. This sector is projected to grow at 6.5% through 2026 after a decline in the automotive industry during 2019 and 2020. According to next green car report, UK had 220,000 plug in cars by the end of June 2019. These included both hybrids and fully-electric vehicles. The growing adoption of electric and hybrid vehicles, and emerging demand for autonomous vehicles is likely to accelerate the market growth during the forecast period. Most of the autonomous vehicle use wireless communications standards such as long term evolution (LTE) and Wi-Fi for their infotainment system and other automobile accessories. By 2022, about 180 million vehicles are likely to be connected via Wi-Fi, and 60% to 75% of them will be capable of consuming, creating, and sharing Web-based data. These modern electronic devices in automobiles are boosting the need of RF automated testing equipment for calibration services and bit error rate testing significantly.

APAC Test and Measurement Segment Analysis - By Geography

China is the largest region for the test and measurement market due to presence of strong manufacturing base accounting for 36% of the market. Most of the demand from APAC region is experienced from China India, Taiwan, and Japan due to growth in electronics and automotive industry particularly for calibration services. China’s National Bureau of Statistics estimated the sale of consumer goods up by 9.2% in 2018 than the previous, which values up to approximately $1,436.8 billion. Similarly, India started producing wide range of electronic products under major standards with latest government initiatives such as T&M India 2020. According to the Department of Electronics and Information Technology (DeitY), approximately 2,000 chips are being designed every year in India. Under the initiative of Make in India campaign, India is likely to see an investment of $1.5 billion in electronics sector during 2018-2020. Expansion of these new plants is likely to bring rapid growth for test and measurement equipment, especially automated test equipment, in the country. China is set to grow at a CAGR of 6.2% during 2021-2026.

APAC Test and Measurement Drivers

Development communication infrastructure coupled with rising popularity of IoT based technology:

Testing and measurement of equipment, devices, and signals are the integral part of communication network. Thus, any new development in communication network will have a positive impact on testing and measuring equipment for bit error rate testing. Presently, communication industry is witnessing several transformations due to evolution of 5G technology and data centers. In 2019, Bharati Airtel has announced to invest approximately $8 billion by 2022 towards building 5G infrastructure and 4G expansion. Similarly, in 2019, Vodafone has prepared its road plan to invest approximately $3.08 billion in next 15 years to expand its network. It has tied up with Ericson to deploy 5G ready devices into these newly expanded network. These new investments are expected to bring more opportunity for test and measurement primarily calibration services.

Increasing demand from power management and consumer electronics application:

Power sequencing and power supplies are few of the major power management applications that are augmenting the need of electronic test equipment. Similarly, the growing design complexity of modern consumer electronics are augmenting the need for precision testing equipment. For instance, in power management and consumer electronics applications, 8-bit oscilloscope were used traditionally. However, with strict margins for design, the engineers are now looking for high resolution oscilloscope with analog-to-digital converters (ADC) and high number of bits. These new applications are creating opportunities for advanced test and measurement equipment.

APAC Test and Measurement Challenges

Designing challenge coupled with high cost

With the growing advancement in electronic device, systems are moving towards a complex setup which needs advance test and measurement equipment too. This leads to development of multi-functional test and measurement equipment. Manufacturers are facing both designing and cost challenge to meet the emerging need of end users. As per major electronic instrument manufacturers the cost of a modern network analyzer has increased by 15%-20% due to the use of advanced and expensive component.

APAC Test and Measurement Market Landscape

The major players in the test and measurement market include Fortive Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Keysight Technologies, Yokogawa Electric Corporation, National Instruments Corporation, Teledyne and Advantest. Thus, major vendors are looking forward to consolidate this market through merger and acquisition. While expertise and economy of scale is the key strength for major vendors, small vendors will optimize the supply chain to reduce the operational cost.


  • In February 2021, Thermo Fisher Scientific announced that it completed the acquisition of Mesa Biotech. Mesa Biotech develops the Accula system for point-of-care PCR-based testing for infectious disease diagnoses.
  • In 2019, Liquid Instruments announced to raise $8.16 Mn to increase its product line for research, education, and industrial measurement markets in the US, Europe, and Asia.

Related Reports

Report Code: ESR 0189

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1. APAC Test and Measurement Market Overview
    1.1 Definitions and Scope
2. APAC Test and Measurement Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Application
    2.3 Key trends By End Use Industry
    2.4 Key trends segmented by Geography
3. APAC Test and Measurement Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. APAC Test and Measurement Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. APAC Test and Measurement Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. APAC Test and Measurement Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. APAC Test and Measurement Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. APAC Test and Measurement Market – By Equipment (Market Size -$Million/Billion)
        8.1.1 General Purpose Test Equipment
        8.1.2 Semiconductor Test Equipment
        8.1.3 Communication Test Equipment
        8.1.4 Real Time Test Equipment
        8.1.5 Others
9. APAC Test and Measurement Market – By Instrumentation (Market Size -$Million/Billion)
    9.1 Active Probes
    9.2 Data Acquisition
    9.3 Field Instrumentation
    9.4 Lab Instrumentation
    9.5 Laser Distance Measurement
    9.6 Scales and Weight
    9.7 Spectroscopy
    9.8 Others
10. APAC Test and Measurement Market – By Application (Market Size -$Million/Billion)
    10.1 Battery Test
    10.2 LAN/WAN Test Equipment
    10.3 LCD Test Equipment
    10.4 Semiconductor Test
    10.5 Wireless Communication Test
    10.6 Others
11. APAC Test and Measurement Market – By Industry Vertical (Market Size -$Million/Billion)
    11.1 Telecom
    11.2 Aerospace and Defense
    11.3 Semiconductor and Electronics
    11.4 Transportation and Logistics
    11.5 Others
12. APAC Test and Measurement Market - By Geography (Market Size -$Million/Billion)
    12.1 China
    12.2 Japan
    12.3 South Korea
    12.4 India
    12.5 Australia
    12.6 Indonesia
    12.7 Malaysia
    12.8 Others
13. APAC Test and Measurement Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. APAC Test and Measurement Market – Industry Competitive Landscape (Premium)
    14.1 Market Share – Global
    14.2 Market Share by Region
    14.3 Market Share By Industry Vertical
    14.4 Market Share By Application
15. APAC Test and Measurement Market – Key Company List by Country Premium (Premium)
16. APAC Test and Measurement Market - Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10