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Global Test and Measurement Equipment Market (2021 to 2026) - Advent of 5G Technology and Deployment of LTE and LTE-Advanced (4G) Networks Presents Opportunities


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The test and measurement equipment market is expected to grow at a CAGR of 3.7% from USD 27.7 billion in 2021 to USD 33.3 billion. 
Test and measurement equipment market for repair services/ after-sales services is expected to grow at highest CAGR during forecast period
Repair services are provided for material and workmanship defects. The purpose of repairing is similar to troubleshooting, which includes detecting and eliminating faults present in a product in various stages of the product cycle. Companies connect with their customers through toll-free numbers, online chat, or emails to provide round-the-clock technical assistance. This helps test and measurement equipment service providers to minimize their turnaround time and enhance the quality of the product under inspection. ....

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Global $22.9 Billion Non-destructive Testing Market to 2028: Manufacturing Segment is Expected to Deploy NDT Techniques Extensively


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The global non-destructive testing market size is anticipated to reach USD 22.9 billion by 2028, registering a CAGR of 6.7% over the forecast period.
The market is anticipated to witness significant growth over the forecast period. The growth is ascribed to the increasing manufacturing in the developing as well as developed nations.
The use of non-destructive testing (NDT) helps in detecting the faults precisely, reducing the product/component failure probability as well as costs incurred in the repairs of the components. The use of NDT also speeds up the process of manufacturing as the possible faults are eliminated beforehand. ....

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