Test and measurement devices are analytical pieces of equipment and instruments that detect and measure physical properties, biological interactions, and electrical signals. The global test and measurement market plays an important role in the development of new products and technologies.
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Test and measurement products and services are used in many industries like communications, defense and aerospace, computer hardware, pharmaceuticals, biotechnology, life sciences, and automotive.
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The analysts forecast global test and measurement market to grow at a CAGR of 3.71% during the period 2017-2021.
This report covers the present scenario and the growth prospects of the global test and measurement market for 2017-2021. 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:
This report, Global Test and Measurement Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
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Key vendors: Anritsu, Bureau Veritas, Fortive, Keysight Technologies, National Instruments, EXFO, FASTECH Telecommunication, JDS Uniphase, Premier Measurement Solutions, Qmax, Scientech Technologies, SPX, Sumitomo & Yokogawa Electric
Market driver: Growth in telecommunication sector
Market challenge: High cost of equipment and price fluctuation of raw materials
Market trend: Increasing need for interoperability
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?