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Report
India Test and Measurement Equipment Market By Product Type (General Purpose Test Equipment, Mechanical Test Equipment), By Service Type (Calibration Services, Repair Services/After-Sales Services), By End User (Automotive and Transportation, Aerospace and Defense, IT and Telecommunications, Education and Government, Semiconductor and Electronics, Industrial, Healthcare), By Instrumentation Type (Active Probes, Data Acquisition, Field Instrumentation, Lab Instrumentation, Laser Distance Measurement, Scales & Weight, and Spectroscopy), By Type (Destructive and Non-Destructive Testing), By Region, Competition Forecast & Opportunities, FY2028
Market Report I 2023-02-01 I 75 Pages I TechSci Research
The India test and measurement equipment market is expected to witness steady growth in the forecast period, FY2024-FY2028. Factors such as the rise in the per capita income of consumers and the massive sales of electronic devices are primarily driving the India test and measurement equipment market. Also, the growing popularity of IoT devices and ongoing technological advancements in test and measurement equipment is expected to influence the market demand over the forecast period.
Increased Sales of Electronic Devices Drive the Market Demand
Rapid urbanization and improved living standards of consumers are accelerating the demand for consumer electronic devices, including smartphones, refrigerators, televisions, air conditioners, washing machines, and laptops, amongst others. The high demand from consumers makes the market players produce consumer electronic devices on a large scale. Also, the use of semiconductors is increasing rapidly, and original equipment manufacturers, engineers, and designers are focusing on enhancing the functioning of semiconductors.
Test and equipment devices help in validating the performance of consumer electronic devices. They identify the components that can malfunction or stop working when exposed to external factors such as shock, turbulence, vibration, heat, and other environmental conditions. The test and measurement devices improve the performance, accuracy, and shelf life of consumer electronic devices. Owing to the massive support from the government in the form of initiatives such as Make in India and Make in India 2.0, the electronics industry is growing at a rapid rate. The high demand from the electronics industry is expected to boost the growth of India test and measurement equipment market over the next five years.
The growing popularity of Advanced Technologies Supports High Market Demand
India is undergoing digital transformation, and people have started to prefer online platforms and devices to experience higher comfort and convenience. There is a rise in telecommunication service providers offering internet facilities at higher speeds at reasonable rates. The availability of high-bandwidth internet is accelerating the demand for internet-enabled smart devices in the country. Also, the government is supporting the construction of smart cities in the form of policies such as the National Smart Cities Mission and is encouraging foreign direct investments to support the development of these smart cities. The introduction of smart application platforms and the internet of things-based devices are rapidly transforming the semiconductor industry. Smart devices or the internet of things enable devices to need to communicate with each other to get real-time information continuously. The growing adoption of using wireless technologies such as Bluetooth, and ZigBee is accelerating the demand for test and measurement equipment. They are required to ensure that the devices can communicate and transmit messages easily by checking the fault points and the efficiency and performance of the device.
Continuous technological advancements and the launch of innovative products in the market are expected to propel the growth of India test and measurement equipment market in the forecast period.
Market Segmentation
The India test and measurement equipment market is segmented into product type, service type, end-user, instrumentation type, type, regional distribution, 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 divided into calibration services and repair services/after-sales services. Based on end users, the market is divided into automotive and transportation, aerospace and defense, IT and telecommunications, education and government, semiconductor and electronics, industrial, and healthcare. Based on instrumentation type, the market is divided into active probes, data acquisition, field instrumentation, lab instrumentation, laser distance measurement, scales & weight, and spectroscopy. Based on type, the market is bifurcated into destructive and non-destructive testing. The market is also studied based on regional distribution and the regions are majorly divided into north, east, south, and west.
Market Players
Fortive Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Keysight Technologies, Yokogawa Electric Corporation, National Instruments Corporation, EXFO, Inc., Advantest Corporation, VIAVI Solutions Inc., Texas Instruments Incorporated, are the major market players operating in the India test and measurement equipment market.
Report Scope:
In this report, India test and measurement equipment market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- India Test and Measurement Equipment Market, By Product Type:
o General Purpose Test Equipment
o Mechanical Test Equipment
- India Test and Measurement Equipment Market, By Service Type:
o Calibration Services
o Repair Services/After-Sales Services
- India Test and Measurement Equipment Market, By End User:
o Automotive and Transportation
o Aerospace and Defense
o IT and Telecommunications
o Education and Government
o Semiconductor and Electronics
o Industrial
o Healthcare
- India Test and Measurement Equipment Market, By Instrumentation Type:
o Active Probes
o Data Acquisition
o Field Instrumentation
o Lab Instrumentation
o Laser Distance Measurement
o Scales & Weight
o Spectroscopy
- India Test and Measurement Equipment Market, By Type:
o Destructive
o Non-Destructive Testing
- India Test and Measurement Equipment Market, By Region:
o North
o East
o South
o West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India test and measurement equipment market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on India Test and Measurement Equipment Market
4. Executive Summary
5. Voice of Customers
5.1. Brand Awareness
5.2. Factors Considered while Selecting Supplier
5.3. Key Satisfaction Level
5.4. Major Challenges Faced
6. India Test and Measurement Equipment Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type (General Purpose Test Equipment, Mechanical Test Equipment)
6.2.2. By Service Type (Calibration Services, Repair Services/After-Sales Services)
6.2.3. By End User (Automotive and Transportation, Aerospace and Defense, IT and Telecommunications, Education and Government, Semiconductor and Electronics, Industrial, Healthcare)
6.2.4. By Instrumentation Type (Active Probes, Data Acquisition, Field Instrumentation, Lab Instrumentation, Laser Distance Measurement, Scales & Weight, and Spectroscopy)
6.2.5. By Type (Destructive and Non-Destructive Testing)
6.2.6. By Region
6.2.7. By Company
6.3. Product Market Map
7. India General Purpose Test and Measurement Equipment Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Service Type
7.2.2. By End User
7.2.3. By Instrumentation Type
7.2.4. By Type
7.2.5. By Region
8. India Mechanical Test and Measurement Equipment Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Service Type
8.2.2. By End User
8.2.3. By Instrumentation Type
8.2.4. By Type
8.2.5. By Region
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
11. Policy & Regulator Landscape
12. India Economic Profile
13. Company Profiles
13.1. Fortive Corporation
13.2. Rohde & Schwarz GmbH & Co. KG
13.3. Anritsu Corporation
13.4. Keysight Technologies
13.5. Yokogawa Electric Corporation
13.6. National Instruments Corporation
13.7. EXFO, Inc.
13.8. Advantest Corporation
13.9. VIAVI Solutions Inc.
13.10. Texas Instruments Incorporated
14. Strategic Recommendations
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