India Test and Measurement
Equipment Market was valued at USD390.77 million in 2022 and is anticipated to
project robust growth in the forecast period with a CAGR of 4.33%.
Test and Measurement
Equipment comprises of tools, gauges, instruments, devices, and systems which
are used to inspect, test, calibrate, and measure numerous mechanical
parameters. The test and measurement equipment are used across a wide variety
of fields that includes electronics, research labs, material analysis,
manufacturing, and particle analysis along with the particle analysis testing
that includes particle counters, size analyzers, shape analyzers, surface
energy analyzers, and zeta potential analyzers. There are many different
fields that require test and measurement equipment. Test and measurement
equipment are used in electronics, research labs, material analysis,
manufacturing, and particle analysis tomeasure the many components of the
materials being used there,
Growing Consumption of
Electronic Devices
The usage of electronic devices has increased in India under digital India
program. All electronic devices and equipment must pass an authentication test
before being sold on the market. The requirement for test and measurement
equipment in electronic production facilities will increase as electrical and
electronic devices are used more frequently. The use of testing and measurement
equipment, which helps to notice any potential harm that can occur during the
manufacturing process, improves the quality of the product and the brand value
of the company using it. In this regard, it is anticipated that the market for
test and measurement equipment in India would expand quickly throughout the
forecast period.
Growing Demand for Safe and Quality Checked Home
Appliances
Given the steadily expanding pace of data
consumption, it is expected that consumer electronics sales would rise soon,
which will likely lead to an increase in the market share for test and
measurement equipment. Industrial expansion is being supported by improvements
in residential technology. To fit the straightforward lives of tech-savvy
clients, manufacturers are constantly developing and improving smart home
appliances. Additionally, businesses have been developing cutting-edge
components and sophisticated automation for smart homes. Due to the significant
expenditures connected with technological improvements, which might lead to
increased overall product costs, household appliances now require safety and
testing. Thus, it influence the India test and measurement equipment market.
Rising 5G Technology for Gadgets
As electronic goods continue to reduce in size, test
and measurement equipment are getting increasingly compact and user-friendly.
The measuring times are reduced, and the results are more precise. New
technologies such as 5G, IoT, M2M, and others are being evaluated using the
most modern T&M equipment. On the interior, modern T&M equipment are
more intelligent, making the measuring procedure simple and rapid. Many T&M
instruments are supported by both heritage and current technology, making them
less expensive. Many T&M devices support both traditional and cutting-edge
technologies in a single unit. These instruments also offer USB, LAN, and
Bluetooth interfaces, which make data exchange and transfer easier and faster.
Adoption of IoT and ML in Testing Devices
Adoption of cutting-edge digital technology
from the present, such semiconductor device manufacturing volume, machine
learning (ML), or even the Internet of Things (IoT). Further advancement in
this area is probably one of the most crucial factors determining the main
trends and chances in the test and measurement equipment market during the
projected year. India is progressing as a result of the effective access to
real-time work monitoring provided by cutting-edge solutions like Artificial
Intelligence (AI). The Indian government has begun several projects after
realising the importance of the shift to a digital economy. The manufacturing
sector and the digital economy have seen significant government investment, and
programmes like "Make in India" are successfully supporting the
growth of a number of industrial firms in the area, which promotes the use of
cutting-edge technologies. As a result, it is anticipated that the test and
measurement equipment market in India will grow.
