Test and Measurement (T&M) Equipment Market in India 2015-2019
About Test and Measurement Equipment
Test and measurement equipment are devices used for testing and measuring various electronic and mechanical products throughout their lifecycle. These devices are used in the initial design, development, verification, maintenance, and repair of various electronic and mechanical products. Test and measurement equipment are used for testing and measuring in electronic devices such as cellphones, digital cameras, MP3 players, and solar inverters. Some of the mechanical products that have the use of test and measurement equipment include turbines, automotive car suspensions, and aircraft propulsion systems. Depending on end-user requirements, test and measurement equipment use can vary from simple to complex automated devices. Test and measurement equipment enhance the efficiency, reliability, and accuracy of electronic/mechanical products.
TechNavio's analysts forecast the Test and Measurement Equipment market in India to grow at a CAGR of 13.24 percent over the period 2015-2019.
Covered in this Report
The Test and Measurement Equipment market in India can be segmented into three product segments: General Purpose Test Equipment, Wireless Communications Test Equipment, and Fiber Optic Test Equipment.
TechNavio's report, the Test and Measurement Equipment Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers India; it also covers the landscape of the Test and Measurement Equipment market in India and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Country
TechNavio Announces the Publication of its Research Report – Test and Measurement Equipment Market in India 2015-2019
TechNavio recognizes the following companies as the key players in the Test and Measurement Equipment Market in India: Agilent Technologies Inc., Anritsu Corp., JDS Uniphase Corp., Rohde & Schwarz GmbH & Co. KG and Spirent Communications plc.
Other Prominent Vendors in the market are: Aeroflex, Aplab, EXFO, Fastech Telecommunications, Fluke Networks, Ixia, Keithley Instruments, National Instruments, Qmax Test Equipments and Premier Measurement Solutions.
Commenting on the report, an analyst from TechNavio’s team said: “One key trend in the market is the need for compatibility of test equipment. The need for compatibility of test equipment is the main focus of T&M equipment vendors when developing new products. The continuously evolving technology has made the product lifecycle of T&M equipment short, 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 and also compatible with old technologies.”
According to the report, one of the main drivers in this market is the increase in R&D investment. Advantages such as high growth potential and relatively low manufacturing costs help to bring more technological innovations through continuous R&D.
Further, the report states that one of the key challenges that the market faces is price sensitivity of consumers buying T&M equipment. Customers in the market are very price conscious and tend to purchase low-priced T&M equipment at the expense of quality and added features.
Agilent Technologies , Anritsu , JDS Uniphase , Rohde & Schwarz, Spirent Communications , Aeroflex, Aplab, EXFO, Fastech Telecommunications, Fluke Networks, Ixia, Keithley Instruments, National Instruments, Qmax Test Equipments, Premier Measurement Solutions,Scientech Technologies , Sumitomo, Tektronix, Yokagawa Electric
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook