The India test and
measurement equipment market is expected to witness steady growth in the
forecast period, FY2024-FY2028. Factors such as the rise in the per capita
income of consumers and the massive sales of electronic devices are primarily
driving the India test and measurement equipment market. Also, the growing
popularity of IoT devices and ongoing technological advancements in test and
measurement equipment is expected to influence the market demand over the
forecast period.
Increased Sales of Electronic
Devices Drives the Market Demand
Rapid urbanization and
improved living standards of consumers are accelerating the demand for consumer
electronic devices, including smartphones, refrigerators, televisions, air
conditioners, washing
machines,
and laptops, amongst others. The high demand from consumers makes the market
players produce consumer electronic devices on a large scale. Also, the use of
semiconductors is increasing rapidly, and the original equipment manufacturers,
engineers, and designers are focusing on enhancing the functioning of
semiconductors.
Test and equipment devices
help in validating the performance of consumer electronic devices. They identify
the components that can malfunction or stop working when exposed to external
factors such as shock, turbulence, vibration, heat, and other environmental
conditions. The test and measurement devices improve the performance, accuracy,
and shelf life of consumer electronic devices. Owing to the massive support
from the government in the form of initiatives such as Make in India and Make
in India 2.0, the electronics industry is growing at a rapid rate. The high
demand from the electronics industry is expected to boost the growth of India
test and measurement equipment market over the next five years.
Growing Popularity of
Advanced Technologies Supports High Market Demand
India is undergoing digital
transformation, and people have started to prefer online platforms and devices
to experience higher comfort and convenience. There is a rise in
telecommunication service providers offering internet facilities at higher
speeds at reasonable rates. The availability of high-bandwidth internet is
accelerating the demand for internet-enabled smart devices in the country.
Also, the government is supporting the construction of smart cities in the form
of policies such as the National Smart Cities Mission and is encouraging
foreign direct investments to support the development of these smart cities.
The introduction of smart application platforms and internet of things-based
devices are rapidly transforming the semiconductor industry. Smart devices or
the internet of things enable devices to need to communicate with each other to
get real-time information continuously. The growing adoption of using wireless
technologies such as Bluetooth, ZigBee is accelerating the demand for test and
measurement equipment. They are required to ensure that the devices can
communicate and transmit messages easily by checking the fault points and the
efficiency and performance of the device.
Continuous technological
advancements and the launch of innovative products in the market are expected
to propel the growth of India test and measurement equipment market in the
forecast period.

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Market Segmentation
The India test and measurement
equipment market is segmented into product type, service
type, end user, instrumentation type, type, regional distribution, and
competitive landscape. Based on product type, the market is divided into general
purpose test equipment and mechanical test equipment. Based on service type,
the market is divided into calibration services and repair services/after-sales
services. Based on end user, the market is divided into automotive
and transportation, aerospace and defense, IT and telecommunications, education
and government, semiconductor and electronics, industrial, and healthcare. Based
on instrumentation type, the market is divided into active probes, data
acquisition, field instrumentation, lab instrumentation, laser distance
measurement, scales & weight, and spectroscopy. Based on type, the market
is bifurcated into destructive and non-destructive testing. The market is also studied on
the basis of regional distribution and the regions are majorly divided into north,
east, south, and west.
Market Players
Fortive Corporationl, Rohde
& Schwarz GmbH & Co. KG, Anritsu Corporation, Keysight Technologies,
Yokogawa Electric Corporation, National Instruments Corporation, EXFO, Inc.,
Advantest Corporation, VIAVI Solutions Inc., Texas Instruments Incorporated, are
the major market players operating in the India test and measurement equipment market.
Attribute
|
Details
|
Base Year
|
FY2022
|
Historic Data
|
FY2018 – FY2020
|
Estimated Year
|
FY2023
|
Forecast Period
|
FY2024 – FY2028
|
Quantitative Units
|
Revenue in USD Million, and CAGR for FY2018-FY2022 and FY2023-FY2028
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments covered
|
·
Product Type
·
Service Type
·
End User
·
Instrumentation Type
·
Type
|
Region scope
|
North, East, West, South
|
Key companies profiled
|
Fortive Corporationl, Rohde & Schwarz
GmbH & Co. KG, Anritsu Corporation, Keysight Technologies, Yokogawa
Electric Corporation, National Instruments Corporation, EXFO, Inc., Advantest
Corporation, VIAVI Solutions Inc., Texas Instruments Incorporated
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, India test and
measurement equipment market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- India Test and Measurement Equipment Market, By Product Type:
- General Purpose Test Equipment
- Mechanical Test Equipment
- India Test and Measurement Equipment Market, By Service Type:
- Calibration Services
- Repair Services/After-Sales Services
- India Test and Measurement Equipment Market, By End User:
- Automotive and Transportation
- Aerospace and Defense
- IT and Telecommunications
- Education and Government
- Semiconductor and Electronics
- Industrial
- Healthcare
- India Test and Measurement Equipment Market, By Instrumentation Type:
- Active Probes
- Data Acquisition
- Field Instrumentation
- Lab Instrumentation
- Laser Distance Measurement
- Scales & Weight
- Spectroscopy
- India Test and Measurement Equipment Market, By Type:
- Destructive
- Non-Destructive Testing
- India Test and
Measurement Equipment Market, By Region:
o North
o East
o South
o West
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India test and measurement equipment
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
Detailed analysis and profiling of
additional market players (up to five).
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