In a report by P&S Intelligence, the global test and measurement equipment market is projected to expand steadily through 2032 as automation, electronics manufacturing and industrial applications continue to drive demand.

The study analyzes market performance by type, product category, service offering and end-use industry, covering segments such as oscilloscopes, signal generators, multimeters, spectrum analyzers and data acquisition systems. Service categories include calibration, repair and maintenance and rental.

According to the report, growth is supported by rising adoption of automated testing systems, increased semiconductor production and expanding use of precision measurement tools across automotive, aerospace and industrial manufacturing sectors. Telecommunications and electronics remain major end users, with healthcare and energy applications also contributing to market momentum.

Geographically, the analysis spans North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa, highlighting continued investment in manufacturing infrastructure and electronic device production across developing regions.

The report provides competitive analysis, emerging technology trends and long-term forecasts for the period from 2019 to 2032.

Access the full report here.