Global Electricity And Signal Testing Instruments Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Electricity Testing Instruments, Other Testing and Measuring Instruments and Semiconductor and Signal Testing Instruments.

By Services;

Calibration Services and Repair Services / After-Sales Services.

By Application;

Environmental Protection, Rail, Water Affairs, Municipal, and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn953066991 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electricity And Signal Testing Instruments Market (USD Million), 2021 - 2031

In the year 2024, the Global Electricity And Signal Testing Instruments Market was valued at USD 70,583.27 million. The size of this market is expected to increase to USD 121,753.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.1%.

The global market for electricity and signal testing instruments is experiencing significant growth driven by advancements in technology and the increasing complexity of electronic devices. These instruments play a crucial role in ensuring the reliability, safety, and performance of electrical and electronic products across various industries such as automotive, aerospace, telecommunications, and consumer electronics.

One of the key drivers propelling the market is the rapid evolution of smart and connected devices. As IoT (Internet of Things) devices proliferate and become integral to daily life and industrial applications, the demand for precise testing instruments rises. These tools are essential for verifying the functionality and compliance of IoT devices with stringent performance standards and regulatory requirements.

Moreover, the expansion of 5G technology is another major factor bolstering market growth. As telecommunications networks transition to 5G, there's a heightened need for testing instruments capable of handling higher frequencies, data rates, and complex signal modulation techniques. This trend is driving innovations in spectrum analyzers, signal generators, and network analyzers that can accommodate the demands of 5G testing protocols.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Services
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Electricity And Signal Testing Instruments Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Increasing Automation in Industries
        3. Demand for Precision and Accuracy
        4. Growing Focus on Quality Control
        5. Rise in Manufacturing Activities
      2. Restraints
        1. High Initial Costs
        2. Complex Regulatory Requirements
        3. Limited Skilled Workforce
        4. Integration Challenges
        5. Economic Uncertainty
      3. Opportunities
        1. Emerging Markets Expansion
        2. Adoption of IoT in Testing
        3. Customization and Innovation
        4. Energy Sector Investments
        5. Strategic Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electricity And Signal Testing Instruments Market, By Type, 2021 - 2031 (USD Million)
      1. Electricity Testing Instruments
      2. Other Testing and Measuring Instruments
      3. Semiconductor and Signal Testing Instruments
    2. Global Electricity And Signal Testing Instruments Market, By Services, 2021 - 2031 (USD Million)
      1. Calibration Services
      2. Repair Services / After-Sales Services
    3. Global Electricity And Signal Testing Instruments Market, By Applications, 2021 - 2031 (USD Million)
      1. Environmental Protection
      2. Rail
      3. Water Affairs
      4. Municipal
      5. Other
    4. Global Electricity And Signal Testing Instruments Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Keysight Technologies
      2. Rohde & Schwarz
      3. Anritsu Corporation
      4. Fluke Corporation
      5. Tektronix, Inc.
      6. National Instruments (now part of NI)
      7. Fortive Corporation (including Fluke and Tektronix brands)
      8. Yokogawa Electric Corporation
      9. Advantest Corporation
      10. EXFO Inc.
  7. Analyst Views
  8. Future Outlook of the Market