About T&M Equipment
T&M equipment is used for testing and measuring various electronic/mechanical devices throughout their lifecycle. It is used in the initial design, development, verification, maintenance, and repair of various electronic and mechanical products. Some of the electronic products that use T&M equipment include smartphones, digital cameras, mp3 players, and solar inverters. Some of the mechanical products that use T&M equipment include turbines, automotive car suspension, and aircraft propulsion systems.
TechNavio's analysts forecast the Global T&M Equipment market to grow at a CAGR of 5.86 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global T&M Equipment market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of Ethernet T&M equipment and its services.
TechNavio's report, the Global T&M Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global T&M Equipment Market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Test and Measurement (T&M) Equipment Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Test and Measurement (T&M) Equipment Market 2015-2019: Agilent Technologies Inc., Danaher Corp., JDS Uniphase Corp. (JDSU) and SPX Corp.
Other Prominent Vendors in the market are: Aeroflex, Aplab, EXFO, Fastech Telecommunications, Fluke Networks, Ixia, Keithley Instruments, National Instruments, Premier Measurement Solutions, Qmax Test Equipments, Scientech Technologies Sumitomo, Tektronix and Yokagawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “The need for compatibility of test equipment is the main focus of T&M equipment vendors when developing a new product. The continuously evolving technology has shortened the product life cycle of T&M equipment, thereby requiring new T&M equipment to test new technology. This has created a need for T&M vendors to develop new equipment capable of testing new technologies compatible with the old technologies.”
According to the report, one of the main drivers in this market is the increase in R&D investment because of new product development and differentiation among vendors. The high growth potential and relatively low manufacturing costs help in bringing more technological innovations through continuous R&D.
Further, the report states that one of the key challenges of this market is the price sensitivity of consumers for buying T&M equipment.
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- http://www.technavio.com/engineering-and-automation
Agilent Technologies Inc., Danaher Corp., JDS Uniphase Corp. (JDSU) and SPX Corp., Aeroflex, Aplab, EXFO, Fastech Telecommunications, Fluke Networks, Ixia, Keithley Instruments, National Instruments, Premier Measurement Solutions, Qmax Test Equipments, Scientech Technologies Sumitomo, Tektronix and Yokagawa Electric.