The test and measurement equipment market will record a 4.05% increase between 2019 and 2025, according to a new study conducted by IndustryARC.
The market is expected to generate approximately $33 billion in revenue by 2025.
Market drivers include:
- The changing landscape of communication infrastructure and digital transformation in Industries
- The growing adoption of electric and hybrid vehicles and emerging demand for autonomous vehicles
- Rising popularity of IoT based technology
- Increasing demand from power management and consumer electronics application
- Increased investments and funding of research and development initiatives
For more information about the report, click here...