Global Digital Measurement Instruments Market size is expected to reach nearly US $ 37.24 Bn by 2029 with the CAGR of 3.8% during the forecast period.Digital Measurement Instruments Market Dynamics
Adoption of technological advancements to drive the market In recent times, most industries have adopted advanced technologies such as electronic sensors, connected devices, electric devices, etc. to increase productivity and measure the whole process of production and manufacturing. The increasing use of electronic sensors, and cutting-edge semiconductors in industrial robots, machinery, and other mechanical devices. The measurement is done by the digital instruments in the manufacturing industries as the instruments provide high-level accuracy compared to human beings. As most of the digital instruments are operated through the battery and are wireless, the instruments are portable in nature users can carry and move from one place to another easily. It is also used to measure the voltage, current, resistance of electronic chips, sensors, energy industries, and other semiconductor devices. However, increased adoption of IoT devices by various end-users is expected to boost the digital measurement instruments market. According to the MMR report, in the year 2020, approximately 31 billion IoT devices were in use across the globe, which is expected to reach 38.6 billion and 50 billion by the end of 2025 and 2030 respectively. As result, the adoption of digital measurement instruments has been increasing rapidly as it provides better accuracy, greater speed and reduces operating errors by automatic measurement.To know about the Research Methodology :- Request Free Sample Report
High cost to restrain the market
The organizations require high investment for the digital measurement instruments, as the different types of instruments, are used for the different measurement activities. Thus, the organizations have to purchase various instruments according to the task, which is expected to restrain the market growth during the forecast period.Digital Measurement Instruments Market Segment Analysis
The Healthcare sector held the largest market share in 2022 and is expected to grow at the highest growth rate of xx% during the forecast period. In the healthcare sector, it is used in the medical measurement of patients such as heart rate, blood pressure, sugar level, and many more. The digital instruments provide accurate real-time data about a patient’s health. However, the adoption of digital measurement instruments such as glucometer, pulse oximeter, etc. for monitoring of blood sugar level, heart rate, and oxygen level at home is expected to boost the market for digital measurement instruments in the healthcare segment.Digital Measurement Instruments Regional Insights
North America is expected to witness highest growth during forecast period North America is expected to hold the largest market share of xx% by 2029 due to the presence of prompt adopters of advanced technologies such as the US and Canada. The increasing adoption of technological advancements in various sectors like healthcare, IT, manufacturing, etc. has created a huge demand for digital measurement instruments in the region. However, the presence of global key players in the US is expected to create many lucrative opportunities in North America. The Asia Pacific region is expected to grow significantly throughout the forecast period. The demand for advanced technologies in emerging countries like India and China. Many manufacturing units are moving towards the installation of IoT, electronic sensors, and connected devices for M2M communication. Further, the demand for semiconductor devices has been increasing for various applications like consumer electronics and industrial robots. However, China is the largest manufacturer of consumer electronics goods such as smart TVs, smartwatches, washing machines, and more. As result, the demand for cutting-edge semiconductors in the country is expected to drive the market in the Asia Pacific. The objective of the report is to present a comprehensive analysis of the global digital measurement instruments market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global digital measurement instruments market dynamic, structure by analyzing the market segments and project global digital measurement instruments market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.Digital Measurement Instruments Market Scope: Inquire before buying
Digital Measurement Instruments Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 28.68 Bn. Forecast Period 2023 to 2029 CAGR: 3.8% Market Size in 2029: US $ 37.24 Bn. Segments Covered: by Component Hardware Software Services by Industry Healthcare Manufacturing Automotive Aerospace & defense Others Digital Measurement Instruments Market, by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Digital Measurement Instruments Market Key Players:
1. Rohde & Schwarz India Pvt Ltd 2. Agilent Technologies India Pvt Ltd 3. Scientech Technologies Pvt. Ltd 4. PCE Deutschland GmbH 5. Endress Hauser 6. Fortive 7. Keysight technologies 8. Anritsu 9. Trescal 10. Viavi Solutions 11. SPX Corporation 12. Tektronix 13. Rosenberger 14. Micro-Epsilon 15. SERMA Group 16. VEGA Grieshaber 17. KROHNE 18. Yokogawa 19. WIKA USA 20. Kistler 21. Bürkert 22. Testo 23. SMK 24. EXFO 25. National Instruments 26. Teledyne LeCroy 27. Magna-Power Electronics Frequently Asked Questions: 1. Which region has the largest share in Global Digital Measurement Instruments Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Digital Measurement Instruments Market? Ans: The Global Digital Measurement Instruments Market is growing at a CAGR of 3.8% during forecasting period 2023-2029. 3. What is scope of the Global Digital Measurement Instruments Market report? Ans: Global Digital Measurement Instruments Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Digital Measurement Instruments Market size in 2022? Ans: The Global Digital Measurement Instruments market was valued at US$ 28.68 Bn. In 2022. 5. What is the study period of this Market? Ans: The Global Digital Measurement Instruments Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Digital Measurement Instruments Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Digital Measurement Instruments Market 3.4. Geographical Snapshot of the Digital Measurement Instruments Market, By Manufacturer share 4. Global Digital Measurement Instruments Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Digital Measurement Instruments Market 5. Supply Side and Demand Side Indicators 6. Global Digital Measurement Instruments Market Analysis and Forecast, 2022-2029 6.1. Global Digital Measurement Instruments Market Size & Y-o-Y Growth Analysis. 7. Global Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 7.1.1. Hardware 7.1.2. Software 7.1.3. Services 7.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 7.2.1. Healthcare 7.2.2. Manufacturing 7.2.3. Automotive 7.2.4. Aerospace & defense 7.2.5. Others 8. Global Digital Measurement Instruments Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 9.1.1. Hardware 9.1.2. Software 9.1.3. Services 9.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 9.2.1. Healthcare 9.2.2. Manufacturing 9.2.3. Automotive 9.2.4. Aerospace & defense 9.2.5. Others 10. North America Digital Measurement Instruments Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 12. Canada Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 13. Mexico Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 14. Europe Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 15. Europe Digital Measurement Instruments Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 17. France Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 18. Germany Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 19. Italy Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 20. Spain Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 21. Sweden Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 22. CIS Countries Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 23. Rest of Europe Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 24. Asia Pacific Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 25. Asia Pacific Digital Measurement Instruments Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 27. India Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 28. Japan Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 29. South Korea Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 30. Australia Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 31. ASEAN Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 32. Rest of Asia Pacific Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 33. Middle East Africa Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Service Model, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Component Model, 2022-2029 33.4. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 34. Middle East Africa Digital Measurement Instruments Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 36. GCC Countries Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 37. Egypt Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 38. Nigeria Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 39. Rest of ME&A Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 40. South America Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 41. South America Digital Measurement Instruments Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 43. Argentina Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 44. Rest of South America Digital Measurement Instruments Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Industry, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Digital Measurement Instruments Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Rohde & Schwarz India Pvt Ltd 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Agilent Technologies India Pvt Ltd 45.3.3. Scientech Technologies Pvt. Ltd 45.3.4. PCE Deutschland GmbH 45.3.5. Endress Hauser 45.3.6. Fortive 45.3.7. Keysight technologies 45.3.8. Anritsu 45.3.9. Trescal 45.3.10. Viavi Solutions 45.3.11. SPX Corporation 45.3.12. Tektronix 45.3.13. Rosenberger 45.3.14. Micro-Epsilon 45.3.15. SERMA Group 45.3.16. VEGA Grieshaber 45.3.17. KROHNE 45.3.18. Yokogawa 45.3.19. WIKA USA 45.3.20. Kistler 45.3.21. Bürkert 45.3.22. Testo 45.3.23. SMK 45.3.24. EXFO 45.3.25. National Instruments 45.3.26. Teledyne LeCroy 45.3.27. Magna-Power Electronics 46. Primary Key Insights
