Test and Measurement Equipment Market in APAC 2018-2022
About Test and Measurement Equipment
T&M equipment comprises tools or instruments that can help analyze, validate, and verify electronic, electrical, and mechanical systems and their output.Technavio’s analysts forecast the test and measurement equipment market in APAC will register a revenue of more than USD 8.9 billion by 2022.Covered in this report The report covers the present scenario and the growth prospects of the test and measurement equipment market in APAC for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Test and Measurement Equipment Market in APAC 2018-2022
Technavio recognizes the following companies as the key players in the test and measurement equipment market in APAC: ADVANTEST, Anritsu, Fortive, Keysight Technologies, Rohde & Schwarz, and Teradyne.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is automation of laboratory instruments. Advancement in laboratory instruments for accurate sample preparation, analysis, imaging, labeling, and documenting have eliminated the need for human intervention in healthcare institutions.”
According to the report, one driver in the market is expansion of telecommunication networks. The communication industry is one of the largest end-users of T&M equipment. T&M equipment is essential for telecommunication service providers, mobile device manufacturers, and network equipment manufacturers to provide consumers with high-quality and high-performing services and products.
Further, the report states that one challenge in the market is rising demand for rental T&M equipment and outsourcing. A major challenge the T&M equipment market in the APAC will face is the growing use of rental T&M equipment among end-users and the outsourcing of T&M activities or operations to dedicated third-party facilities.
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