Product Code: ETC363504 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India electrical and electronic test equipment market import shipment demonstrated a marginal CAGR from 2020-2024. However, there was a notable acceleration in growth between 2023 and 2024. Overall, the market showed signs of stabilization with a positive momentum towards the end of the period.
The electrical & electronic test equipment industry is anticipated grow substantially owing to rapidly growing consumer electronics sector coupled with rising investment insmart city projects across India.The electrical&electronic test equipment market was valued at USD764.6 million in2025 and is expected to continue to expand at acompound annual growth rate(CAGR) of9%.
The India electrical and electronic test equipment market has experienced considerable growth, propelled by several key drivers. One of the major drivers is the rapid expansion of the electronics and electrical manufacturing sector in the country. As India strengthens its position as a global manufacturing hub for electronics, the demand for test equipment to ensure product quality and compliance has surged. Another significant driver is the increasing adoption of automation in various industries. Automated processes require reliable and efficient testing solutions to maintain quality standards, driving the demand for electrical and electronic test equipment. Moreover, the emphasis on research and development activities in sectors like telecommunications, aerospace, and defense has contributed to market growth. Test equipment plays a critical role in product development, validation, and verification, leading to higher demand from these industries. Furthermore, the India government`s initiatives to promote domestic manufacturing, such as the "Make in India" campaign, have positively impacted the market. These initiatives have incentivized companies to produce goods locally, increasing the need for quality testing equipment. Additionally, the rising awareness of energy efficiency and environmental sustainability has driven the demand for testing solutions to assess the energy consumption and environmental impact of electronic and electrical devices.
The India electrical and electronic test equipment market faces several challenges related to technological advancements and changing industry requirements. With the rapid evolution of electronic components and devices, there is a constant need for more sophisticated test equipment that can meet the demands of emerging technologies. Manufacturers of test equipment must keep up with these advancements and invest in research and development to offer cutting-edge solutions. Moreover, the market is witnessing increased demand for compact and portable test equipment, especially for field testing and troubleshooting. Manufacturers must address the challenge of miniaturization while ensuring the accuracy and reliability of the equipment. Another challenge is the complexity of testing procedures, especially for integrated circuits and electronic systems. Test equipment must be capable of conducting comprehensive testing efficiently without compromising on accuracy. Additionally, the India electrical and electronic test equipment market faces competition from global players, necessitating the need for domestic manufacturers to focus on product differentiation, customer support, and cost-effective solutions to remain competitive.
The COVID-19 pandemic affected the India electrical and electronic test equipment market in various ways. With businesses and industries facing disruptions, there was a temporary slowdown in demand for test equipment, particularly in non-essential sectors. However, the pandemic also accelerated the digital transformation in various industries, leading to an increased demand for electronic test equipment for the validation and testing of new technologies. Manufacturers had to adapt their operations to meet the changing requirements and ensure the continuity of supply to essential sectors such as healthcare and telecommunications.
In the India electrical and electronic test equipment market, key players are at the forefront of providing reliable and efficient testing solutions for various industries. Fluke Corporation India Pvt. Ltd. is a prominent player known for its wide range of electrical and electronic test equipment, including multimeters, oscilloscopes, and thermal imagers. They focus on providing accurate measurement tools for electrical professionals and engineers. Tektronix India Pvt. Ltd. is another major player offering advanced test and measurement solutions, including signal generators and spectrum analyzers. They are committed to supporting electronic design and troubleshooting processes. Additionally, Keysight Technologies India Pvt. Ltd. is a key player in the market, providing network analyzers and power meters for communication and power electronics testing. These key players actively collaborate with industries such as telecommunications, automotive, and electronics to ensure the smooth functioning and reliability of their products.