Increased R&D Investment Initiatives Will Drive the Test and Measurement Equipment Market in India Through 2019: TechNavio

Increase R&D investments will boost the Test and Measurement (T&M) Equipment Market in India, which is expected to grow at a CAGR of 13.24 percent from 2014-2019, says research firm TechNavio.

About the Report

A growing need for new product development has led to several investment initiatives in R&D. The growth potential in India has encouraged many global T&M equipment vendors to enter the market by providing high-quality, multi-functional T&M equipment.

“The availability of a skilled workforce has attracted many vendors to open R&D centers in India,” says Faisal Ghaus, Vice President of TechNavio.

“There are low-cost advantage in the manufacturing sector in India compared to other countries, which has made India a manufacturing hub and led to growth in the T&M Equipment Market.”

The new report from TechNavio also emphasizes the growing need for compatibility of test equipment, which has become a key focus for vendors while developing new products. Continuously evolving technology has shortened the lifecycle of T&M equipment, since new technology requires new T&M equipment for testing.

“The need for effective interoperability between old and new technologies will drive the T&M Equipment Market in India during the forecast period,” says Ghaus.

Key Information Covered in the Report:

• Market segmentation, size and forecast through 2019
• Market Growth Drivers:
  • Increase in R&D Investment
  • For a full detailed list, view our report.
• Market Challenges:
  • High Cost of T&M Equipment
  • For a full detailed list, view our report.
• Market Trends:
  • Need for Compatibility of Test Equipment
  • For a full detailed list, view our report.
• Key Vendors:
  • Agilent Technologies Inc.
  • Anritsu Corp.
  • JDS Uniphase Corp.
  • Rohde & Schwarz GmbH & Co. KG
• Other Prominent Vendors:
  • Aeroflex
  • Aplab
  • EXFO
  • Fastech Telecommunications

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the test equipment market:

• General Purpose Test Equipment Market in China 2015-2019
• Global Wireless Test Equipment Market 2015-2019

If you are interested in more information, please contact our media team at media@technavio.com.