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3. Test and Measurement Equipment Companies -Keysight Technologies (US) and Fortive (US) are the Key Players

The test and measurement equipment market are expected to reach USD 47.01 billion by 2029 from USD 38.91 billion in 2024, at a CAGR of 3.9% during the 2024-2029 period.

Incorporation of test automation and robotics in test and measurement processes improves the productivity, reliability and coverage in manufacturing and laboratory settings. Robotic control, motion control, and programmable instruments work on computer control and perform the tests and capture data in a sequence with minimal need for human intervention and can work for a long time at a faster pace for more throughput. Robotics- assisted testing increases the velocity of production in mass production facilitating consistent production of high-quality goods, and in laboratories. The integration of robotics and test automation fosters industry 4.0 initiatives, empowering organizations to optimize operation, and reduce expenditure.

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Major Test and Measurement Equipment companies include:

• Keysight Technologies (US)
• Fortive (US)
• AMETEK.Inc. (US)
• Rohde & Schwarz (Germany)
• NATIONAL INSTRUMENTS CORP. (US)
• Teledyne Technologies (US)
• VIAVI Solutions Inc. (US)
• Anritsu (Japan)
• Yokogawa Electric Corporation (Japan)
• Advantest Corporation (Japan)
• EXFO Inc. (Canada)
• Fujian Lilliput Optoelectronics Technology Co., Ltd (OWON) (China)
• IKM Instrutek (Norway)
• Uni-Trend Technology (China) Co., Ltd. (China)
• Particle Measuring Systems is a Spectris Company (US)
• Mextech Technologies India Private Limited (India)
• RIGOL TECHNOLOGIES, Co. LTD. (China)
• Good Will Instrument Co., Ltd. (Taiwan)
• ADLINK Technology Inc. (Taiwan)
• Leader Electronics Corporation (Japan)
• Crystal Instruments Corporation (US)
• Astronics Corporation (US)
• Vaunix Technology Corporation (US)
• DS Instruments (US)
• Saluki Technology (Taiwan)
• Insplorion (Sweden).

The major players in test and measurement equipment market Keysight Technologies (US), Fortive (US), AMETEK.Inc. (US), Rohde & Schwarz (Germany), NATIONAL INSTRUMENTS CORP. (US), Teledyne Technologies (US), VIAVI Solutions Inc. (US), Anritsu (Japan), Yokogawa Electric Corporation (Japan), Advantest Corporation (Japan), EXFO Inc. (Canada), Fujian Lilliput Optoelectronics Technology Co., Ltd (OWON) (China), IKM Instrutek (Norway), Uni-Trend Technology (China) Co., Ltd. (China), Particle Measuring Systems is a Spectris Company (US), Mextech Technologies India Private Limited (India), RIGOL TECHNOLOGIES, Co. LTD. (China), Good Will Instrument Co., Ltd. (Taiwan), ADLINK Technology Inc. (Taiwan), Leader Electronics Corporation (Japan), Crystal Instruments Corporation (US), Astronics Corporation (US), Vaunix Technology Corporation (US), DS Instruments (US), Saluki Technology (Taiwan), and Insplorion (Sweden).

Keysight Technologies

Keysight Technologies, was established in 2014 by Agilent Technologies and it is a major electronics measurement company. The company operates through two primary reportable segments: CSG and EISG stands for the communications solutions group and the electronic industrial solutions group respectively. CSG primarily targets customers in international commercial communication, aerospace, defense, and government sectors, on the other hand, EISG is involved with the automotive and energy automotive, semiconductor solution, and the general electronics industries. Each segment provides a full range of electronic design and test software, test and measurement instrumentation, systems, and services. These solutions are used in modeling, designing, verifying, building, implementing, and fine-tuning such communication systems for wireless, wireline, enterprise businesses as well as aerospace, defense and government sectors. Moreover, Keysight Technologies offers software test automation solutions based on Al and machine learning for the advancement of digital business and the solidity of the client experience.

AMETEK. Inc.

AMETEK. Inc. is a global provider of electronic test instruments and electromechanical products. AMETEK. Inc. is based in Pennsylvania (US) and serves different industries such as aerospace, power, process and industrial. The company is segmented into two main business groups including Electronic Instruments Group (EIG) and Electromechanical Group (EMG).

The electronic instruments group deals in design and manufacturing of specialized analytical, test and measurement instruments for aerospace and medical processes, power, research and other industrial segments. Electromechanical Group primarily deals with precision engineering related products including motion control, thermal control systems, specialty metals as well electrical interconnect.

AMETEK. Inc. operates on the pillars of innovation, quality, and operations, which is backed by a well-developed and integrated global network of over 150 manufacturing/assembly plants and sales offices/branches in over 30+ countries. Organic and inorganic growth through acquisitions, product innovation, internationalization, and operational excellence are part of the company’s growth plan. The strategic business segments and the strong market niches provide AMETEK with steady financial results and return on investment for the stakeholders.

Rohde & Schwarz

Rohde & Schwarz is a global technology group focused on enhancing safety and connectivity. Through its test & measurement, technology systems, and networks & cybersecurity divisions, the company develops innovative solutions. Its products and solutions support industrial, regulatory, and military clients in achieving technological and digital independence.

Rohde & Schwarz specializes in the electronic test and measurement equipment field. The company is known for its wireless communication product quality, precision, and innovation. It is one of the leading manufacturer of test and measurement equipment used in wireless communication, electromagnetic compatibility (EMC) testing, and digital terrestrial television broadcasting. It provides testing equipment for broadcasting and media, cybersecurity, secure communication, radio monitoring, and radiolocation applications.

Rohde & Schwarz caters to the needs of wireless communication, aerospace and defense, homeland security, broadcasting, electronics, and critical infrastructure applications. The company has its R&D unit in Munich (Germany) and manufacturing units in Memmingen and Teisnach (Germany) and Vimperk (Czech Republic).

NATIONAL INSTRUMENTS CORP.

NATIONAL INSTRUMENTS CORP. (NI) was established in 1976 with a headquarter in Texas, US. Emerson in October 2023 completed its acquisition of NI for a total value of USD 8.2 billion. This acquisition improved Emerson’s position as global automation provider by capitalizing on developments like nearshoring, digital change, and sustainability. NI solutions, including software, control systems, and intelligent devices in the company’s automation segment, is predicted to be the main source of Emerson’s revenue increment and expand the company’s position in discrete markets and high-growth software for industrial segments. NATIONAL INSTRUMENTS CORP. have two business segment including product sales and software maintenance sales. Among these two NI offers test and measurement equipment through its product sales business segment.

Fortive

Fortive provides essential technologies for connected workflow solutions across various attractive end- markets. Its strategic segments-intelligent operating solutions, precision technologies, and advanced healthcare solutions-comprise well-known brands with leading market positions. Fortive's businesses

design, develop, service, manufacture, and market professional and engineered products, software, and services, leveraging leading brand names, innovative technologies, and strong market positions. Fortive has its origin in Everett, Washington, US, with ~18,000 workforce.

Fortive was created as a new public company on the 1st of July in the year 2016 as a spin-off of a Danaher company. Tektronix business was acquired by the Danaher in the year 1999 for USD 2. 8 billion in 2007. In May 2015, Danaher split into two units: which is still owned by Danaher and Science and Technology; Test & Measurement Equipment is a separate company known as Fortive with organizations viz Tektronix, Fluke and related enterprises. Tektronix fits into Fortive test and measurement equipment business, which is an aspect that enhances the company. Tektronix was founded in the year 1946 and is located in Beaverton, Oregon, USA and deals in test, measurement and monitoring instruments. Tektronix specializes in oscilloscopes, analyzers, signal generators, power sources and supplies, video test & measurement solutions, Keithley switching & data acquisition systems, Keithley semiconductor test systems, components & accessories, test & measurement software and other Keithley products. Tektronix have ~700 patents that provide solutions in analog/digital design, test and debug, spectrum analysis, electromagnetic compatibility & interference, wireless, Radio Frequency (RF), Radar, and electronic warfare verticals.

Other subsidiary of Fortive is Fluke Company that was established in 1948 and it headquarters is in Washington, US. It produces electronic test and measurement products and services which targets commercial construction, industrial application, computer technicians, engineers, and other customers. Fluke has sales and service centers in the Americas, Europe, Asia, and Australia while has manufacturing facilities in the Netherlands, US, UK, and Asia Pacific division.

Related Reports:

Test and Measurement Equipment Market by Automated Test Equipment, Spectrum Analyzers, Oscilloscopes, BERT, Modular Instruments, NDT Equipment, Machine Vision Inspection Systems and Machine Condition Monitoring System - Global Forecast to 2029

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