Europe Electronic Test And Measurement Market

Europe Electronic Test And Measurement Market Analysis

The Europe Electronic Test And Measurement Market size is estimated at USD 2.73 billion in 2025, and is expected to reach USD 3.16 billion by 2030, at a CAGR of 3% during the forecast period (2025-2030).

• Technological advancements fuel the demand for test and measurement equipment, with the rise of electric and hybrid vehicles emerging as a significant trend. The European Commission highlights the EU as one of the globe's major motor vehicle producers, with its automotive industry leading in private R&D investments.
• As the global appetite for EVs surges, a notable shift is seen in the sales landscape, with China stepping into a prominent role. By 2024, projections suggest that a quarter of electric vehicles sold in the EU will originate from China, underscoring the traction Chinese newcomers are gaining over local competitors. This surge in domestic EV production investments by European nations notably bolstered the electronic test and measurement equipment market.
• Also, as electronic devices shrink, the latest T&M technologies adapt to assess newer technologies like the Internet of Things, 5G, and M2M. Notably, major telecom players in countries like Germany, including DT, Telefonica, and Vodafone, are rolling out 5G networks, with coverage extending to 94% and 75% of Germany's population.
• Adopting advanced digital technologies, such as machine learning (ML) and artificial intelligence (AI), revolutionizes real-time work monitoring. For example, Keysight Technologies Inc. unveiled the Nemo Device Application Test Suite. This software solution leverages automation and AI to streamline the assessment of mobile users' interactions with native apps, benefiting both wireless service providers and app developers.
• Conversely, the market faces challenges due to price sensitivity and a growing preference for rental services. Many companies, especially those with limited capital, opt to rent test and measurement equipment, given the high initial costs associated with ownership.

Europe Electronic Test And Measurement Market Trends

The Electric Vehicles Segment is Expected to Witness Significant Growth

• The automotive industry is a cornerstone of the European economy, contributing approximately 7% to the region's gross domestic product (GDP). Over the years, this industry has been instrumental in driving economic growth and fostering innovation. The ongoing trend toward urbanization, coupled with the rising popularity of shared mobility services in key markets such as the United Kingdom, France, and Germany, significantly influences consumer preferences and, consequently, the demand for automobiles.
• During the 2022-2023 period, Europe witnessed substantial policy developments, particularly the introduction of new CO2 standards. These regulatory measures are anticipated to be crucial in accelerating the transition toward zero-emission road transport, thereby significantly boosting the demand for electric vehicles (EVs).
• According to data from the International Energy Agency (IEA), Europe secured its position as the world's second-largest market for electric cars in 2022, second only to China. The region accounted for 25% of global electric car sales and held 30% of the global stock. Leading countries in this sector include Germany, the United Kingdom, France, Norway, the Netherlands, Sweden, and Italy, which are at the forefront of electric vehicle adoption in Europe.
• Since implementing the light-duty vehicle CO2 regulation in 2019, a renewed focus has been on reducing emissions and addressing climate change. The European Union has adopted stringent new CO2 standards for cars and vans, aligned with the 2030 targets outlined in the 'Fit for 55' package. According to the European Automobile Manufacturers' Association (ACEA), the EU car market experienced a robust 13.9% growth in 2023 compared to the previous year, reaching a total annual volume of 10.5 million.
• As electric vehicles become more prevalent across the region, the demand for comprehensive testing and certification services is expected to rise significantly. These services include battery performance and security testing, electrical motor assessments, vehicle performance evaluations, charger tests, and overall certification processes. These services ensure electric vehicles' reliability, safety, and efficiency, supporting their widespread adoption and integration into the European market.

Germany To Hold Significant Market Share

• Germany's automotive industry, a global leader, stands as the backbone of the nation's industry. Germany has emerged as a frontrunner in high-tech automotive products, with a particular focus on expanding its electric vehicle (EV) and charging infrastructure. The government's commitment is evident, with the Federal Ministry for Economic Affairs and Climate Action allocating a substantial USD 1.2 billion in 2022 to bolster the nation's battery cell production, aiming for global leadership.
• This dedication to EVs, backed by incentives and funding, has significantly boosted Germany's adoption and market share of battery electric vehicles (BEVs). Consequently, the rising demand for BEVs underscores a growing necessity for electronic test and measurement equipment in the EV industry. Such equipment is pivotal, offering insights into critical metrics like current and voltage measurements and charging communication.
• Shifting focus, Germany boasts Europe's third-largest aerospace and defense industry, with a notable global military and aerospace expenditure share., the Ministry of Defense (MOD) received a substantial EUR 46.9 billion in funding If the nation's ambitious 2% target is met, military expenditure could soar to EUR 85.6 billion by 2026. This increase in defense spending indicates an increased need for electronic test and measurement equipment in the aerospace and defense industries.
• Lastly, as Germany witnesses a rapid evolution in network consumption and an increasing need for faster data transmission, the country is seeing a surge in fiber networks. This demand is largely driven by the requirements of 5G technology, which necessitates a denser network infrastructure to support its advanced features. With bandwidth usage on the rise and the introduction of cutting-edge technologies, the demand for communications test and management equipment is set to soar.

Europe Electronic Test And Measurement Industry Overview

The European electronic test and measurement market is highly competitive and consists of several players. Companies continuously try to increase their market presence by introducing new products, expanding their operations, or entering strategic mergers and acquisitions, partnerships, and collaborations. Some of the major players include Tektronix Inc., Keysight Technologies, and Teledyne LeCroy Inc.

September 2023: Keysight Technologies Inc. expanded its industry-leading portfolio of Infiniium oscilloscopes with hardware-accelerated Infiniium MXR B-Series, which offers automated analysis tools that enable engineers to shorten time to market by finding anomalies quickly.

September 2023: NI announced new options and extended capabilities for its third-generation PXI Vector Signal Transceiver (VST), the PXIe-5842. Combined with NI’s software ecosystem, the PXIe-5842 is a versatile tool that can test and validate products in aerospace and defense applications. This supports traditional RF capabilities such as signal analysis, spectrum analysis, and signal generation.

August 2023: Advantest Corporation announced two additions to its MPT3000 solid-state drive (SSD) test platform. The independent thermal control (ITC) device interface boards (DIBs) and engineering thermal chamber (ETC) target early engineering adoption of the MPT3000 by enabling efficient, small-batch engineering, early test development, and quality assurance for SSD devices.

Europe Electronic Test And Measurement Market Leaders

Europe Electronic Test And Measurement Market News

• February 2024: Rohde & Schwarz have teamed up with SmartViser to create a solution ensuring compliance with a new EU regulation mandating Energy Efficiency Index (EEI) labeling on smartphones and tablets. Central to this solution is the R&S CMX500, a radio communication tester adept at end-to-end testing across all signaling use cases. This is seamlessly integrated with SmartViser's viSer test automation application, which is compatible with Android and iOS platforms.
• January 2024: SmartViser and Anritsu have teamed up to revolutionize mobile device testing in line with energy labeling regulations. Combining SmartViser's test automation prowess with Anritsu's advanced testing solutions, the duo aims to provide thorough, efficient, and forward-thinking testing services tailored to the dynamic mobile landscape.
• September 2023: NI announced its third generation PXI Vector Signal Transceiver (VST), the PXIe-5842. The PXIe-5842 is combined with NI’s software ecosystem, which can be used to test and validate products in aerospace and defense applications while supporting traditional RF capabilities such as signal generation, signal analysis, and spectrum analysis.