Accurate testing and measurement (T&M) is crucial for any technology product design and manufacturing process to ensure product quality. T&M systems play a critical role in ratifying the performance of a wide range of technology products. Moreover, increased product complexity has spurred a growing demand for precision testing at every stage of the product life cycle, starting from product design and development phase, to production testing, pre- and post-market testing, as well as support. Thus, growth of the T&M industry goes hand in hand with the growth of technological development, expanding end-user applications and growing need to validate the performance of equipment.
Other factors driving growth in the T&M domain are stringent quality, safety and environmental standards for manufacturing, maintenance and use of equipment. Moreover, proper implementation of government initiatives like Make in India, Smart Cities, Digital India and the defence manufacturing push have also opened new opportunities for T&M industry players in the country.
Globally, the T&M equipment market is growing. Enhanced adoption of electronic devices and increased penetration of modular instrumentation are some of the major factors driving this market. According to a report by Market Research Future (MRFR), valuation of the worldwide test and measurement equipment market is expected to touch USD 28 billion by 2023
Growth of the T&M market is a result of the growth registered by key end-user segments like telecom, automotive, aerospace and defence, electronics design and so on. Defence and other government sectors as well as education sectors have also been instrumental in driving the growth of the T&M market in India. Their key demand-driving application sectors are wireless communication, automotive and industrial.
T&M equipment plays a critical role for the telecom sector ecosystem partners including network equipment manufacturers, mobile device manufacturers and elecommunication service providers. A major driving factor for the growth of the telecom test equipment market is the introduction of new technologies and standards within the telecom industry.
Demand for test equipment is enhancing due to growing bandwidth demands and introduction of next-generation cellular and wireless technologies. Further, increasing R&D spending in the telecom sector along with growth in the cellphone market is expected to drive market growth.
Moreover, regulatory compliance, government support and constant technology developments are expected to boost the telecom testing equipment market in 2019.
Considering the announcement by Telecom Engineering Centre (TEC), Department of Telecommunications (DoT), for rolling out a Mandatory Testing and Certification of Telecom Equipment (MTCTE), the Indian T&M market is expected to see huge demand for test equipment and services, which are relevant to essential requirements for safety, electromagnetic interference (EMI), electromagnetic compatibility (EMC), radio frequency (RF), specific absorption rate (SAR) and other technical requirements. Moreover, India has a vast potential for mobile manufacturing, too. This, in turn, creates significant demand for T&M equipment and solutions related to mobile handset manufacturing.