Asia-Pacific Electronic Test And Measurement Market Size (2024 - 2029)

Asia-Pacific Electronic Test and Measurement Market Analysis

The Asia Pacific Electronic Test And Measurement Market size is estimated at USD 7.04 billion in 2024, and is expected to reach USD 9.14 billion by 2029, growing at a CAGR of 5.40% during the forecast period (2024-2029).

• Test and measurement equipment is crucial for validating electronic devices, especially pinpointing components that degrade due to external factors like heat, shocks, and vibrations. This equipment is pivotal in ensuring the reliability of devices.
• APAC, mirroring global trends, is witnessing a rapid digital transformation in the test and measurement sector. Technological advancements, including 5G, Industry 4.0, cloud computing, the Industrial Internet of Things (IIoT), and advanced analytics, are driving this evolution. Notably, 5G is pivotal, aligning with the long-term trends of virtualization and automation in test and measurement (T&M). As a result, test and measurement tools are becoming more compact and user-friendly, offering quicker and more precise results.
• Moreover, the rising adoption of modular equipment and consumer electronics in APAC amplifies the sector's significance. Engineers increasingly rely on mobile, handheld, and miniaturized test and measurement tools as electronics become more precise to ensure quality and reliability.
• Additionally, the automotive industry in APAC, heavily reliant on electronics, has bolstered the demand for testing and measurement. China led the region with over 26 million passenger car sales, followed by India with 4.1 million units in 2023. Notably, the sales of electric vehicles (EVs) are on a steady rise, with China alone selling close to a million battery-electric passenger cars.
• Technological advancements spanning aerospace, defense, and consumer electronics are reshaping the landscape. Integrating cutting-edge technologies like machine learning (ML) and artificial intelligence (AI) enables real-time monitoring. For instance, Advantest Corporation, a prominent Japanese test equipment manufacturer, foresees a surge in chip testing machine demand driven by the use of higher-end semiconductors for generative AI applications.
• Despite these advancements, market growth faces challenges. Price sensitivity and a growing preference for rental services hinder the market's expansion, especially among capital-constrained companies. The high initial costs of test and measurement equipment are prompting many firms to opt for rental services.

Asia-Pacific Electronic Test and Measurement Industry Segmentation

Test and measurement equipment involves an instrument as a physical means to determine a quantity or a variable. These types of equipment simulate the inputs to a system or device under test, helping the designer test the simulated actual life condition. The market is defined by the revenue accrued from the sales of different electronic test and measurement equipment types over various end users across Asia-Pacific.

The Asia-Pacific electronic test and measurement market is segmented by type (semiconductor automatic test equipment [ATE], radio frequency [RF] test equipment, digital test equipment, electrical and environmental test, and data acquisition [DAQ]), application(communications, semiconductors, and computing, aerospace and defense, and consumer electronics and electric vehicles), and country (China, Japan, and India). The report offers market size and forecasts for all the above segments in value (USD).