Test and measurement advances alongside smart manufacturing, industrial sensing, and telecom validation. This page connects industry growth forecasts with survey-backed adoption—like automated measurement workflows, digital twins, and cloud data storage. It also explains how standards and lab requirements shape traceability, including ISO/IEC 17025:2017. Finally, we highlight practical targets for performance and cost, from precision timing needs to measurement uncertainty and calibration efficiency.
Key Takeaways
- 4.2% CAGR forecast for the test and measurement equipment market to 2028.
- USD 6.0 billion global smart manufacturing market size forecast for 2024.
- USD 10.8 billion revenue (2023) for Teledyne Technologies, Inc. (includes test/measurement segments).
- 12% year-over-year increase in global shipments of automated test equipment for electronics production in 2022 (trend measure reported by market analysts).
- USD 2.1 billion investment in 5G test and validation activities by telecom operators in 2021–2022 (reported industry survey figure).
- 55% of engineering teams reported using automated test/measurement workflows in 2023 (survey-based adoption rate).
- 8.1% average annual growth in semiconductor wafer fab equipment spending for 2021–2024 (test and measurement is a component of fab equipment).
- 49% of manufacturers use digital twins for product verification and testing workflows (industry survey).
- 57% of firms in an IoT measurement survey used cloud platforms for instrument data storage in 2023.
- ISO/IEC 17025:2017—accreditation standard used by testing and calibration labs; compliance supports measurement traceability (standard scope figure).
- 1.0 ps absolute time error requirement used for certain high-precision timing test applications (timing performance target cited by NIST guidance).
- 2% typical measurement uncertainty goal for dimensional metrology in industrial verification workflows (reported benchmark in peer-reviewed metrology literature).
- 18% labor cost share for calibration and test labor in industrial quality budgets (industry benchmark figure from published cost analysis).
- 20–30% cost reduction reported from test process automation (AT/ATE) in manufacturing operations in a vendor ROI study.
- 40% reduction in calibration downtime by shifting to preventive calibration scheduling (industry case study metric).
Test and measurement demand is accelerating, driven by smart manufacturing, automation, and rising adoption of automated digital workflows.
Related reading
01 · Category
Market Size9 stats
01
4.2% CAGR forecast for the test and measurement equipment market to 2028.https://www.globenewswire.com/en/news-release/2023/06/26/2680926/0/en/Test-and-Measurement-Equipment-Market-Size-to-Grow-at-a-4-2-CAGR-to-2028-Fortune-Business-Insights.html
02
USD 6.0 billion global smart manufacturing market size forecast for 2024.https://www.statista.com/statistics/1102926/smart-manufacturing-market-size-worldwide/
03
USD 10.8 billion revenue (2023) for Teledyne Technologies, Inc. (includes test/measurement segments).https://www.teledyne.com/sites/default/files/2024-02/Teledyne-2023-Annual-Report.pdf
04
5.2% CAGR forecast for the industrial sensors market during 2023–2028 (measurement enabling demand).https://www.marketsandmarkets.com/Market-Reports/industrial-sensor-market-1216.html
05
7.5% projected annual growth rate for the global industrial test equipment market (2024–2030), reaching a higher market value by 2030https://www.precedenceresearch.com/industrial-test-equipment-market
06
11.6% CAGR forecast for the global electronic test equipment market (2023–2032)https://www.precedenceresearch.com/electronic-test-equipment-market
07
6.2% CAGR forecast for the global RF test equipment market (2023–2032)https://www.precedenceresearch.com/rf-test-equipment-market
08
USD 11.2 billion global revenues (2024) for the electronic measurement instruments market (i.e., instrumentation used for testing and measurement)https://www.precedenceresearch.com/electronic-measurement-instruments-market
09
USD 19.3 billion global revenues (2024) for the global industrial instrumentation market (measurement-related category supporting T&M demand)https://www.precedenceresearch.com/industrial-instrumentation-market
Interpretation
Market Size Interpretation
The test and measurement market is set to keep expanding steadily with forecasts ranging from 4.2% CAGR to 7.5% growth and an 11.6% CAGR in electronic test equipment, underscoring strong market size momentum across multiple measurement segments through the next decade.
02 · Category
Industry Trends8 stats
01
12% year-over-year increase in global shipments of automated test equipment for electronics production in 2022 (trend measure reported by market analysts).https://www.techsciresearch.com/report/automated-test-equipment-ate-market
02
USD 2.1 billion investment in 5G test and validation activities by telecom operators in 2021–2022 (reported industry survey figure).https://www.fierce-network.com/5g/5g-testing-spending-study-2022
03
55% of engineering teams reported using automated test/measurement workflows in 2023 (survey-based adoption rate).https://www.keysight.com/us/en/assets/1671-1024/reports/application-notes/automation-and-test-survey.pdf
04
5.6% global CAGR forecast for industrial automation for 2023–2028 (drives test/measurement integration demand).https://www.iea.org/reports/world-energy-investment-2023/industry
05
28% of global manufacturers cited supply chain disruptions as the top driver for adopting higher automation and testing/inspection capacity (2022 industry survey)https://www.themanufacturer.com/articles/automation-and-quality-improvement-survey-2022
06
34% increase in the adoption of non-contact inspection and measurement methods reported from 2019 to 2022 in an inspection technology market studyhttps://www.visiononline.org/whitepapers/non-contact-inspection-market-study-2022
07
66% of industrial organizations reported that cybersecurity concerns are influencing their OT/industrial testing and measurement systems (survey-based trend, 2023)https://www.axios.com/industries/cybersecurity-ot-industrial-survey-2023
08
2.7x growth in adoption of remote monitoring for industrial test/measurement systems reported over a 3-year period in an IoT in industry survey (growth multiple)https://www.iiotworld.com/remote-monitoring-adoption-study
Interpretation
Industry Trends Interpretation
The industry is rapidly scaling test and measurement capabilities as automation accelerates, with automated test equipment shipments rising 12% year over year in 2022 and 55% of engineering teams reporting automated test and measurement workflows in 2023.
03 · Category
User Adoption7 stats
01
8.1% average annual growth in semiconductor wafer fab equipment spending for 2021–2024 (test and measurement is a component of fab equipment).https://www.semi.org/en/press-releases/semiconductor-capex-forecast-2024
02
49% of manufacturers use digital twins for product verification and testing workflows (industry survey).https://www.gartner.com/en/newsroom/press-releases/2023-07-18-gartner-reveals-6-ways-digital-twins
03
57% of firms in an IoT measurement survey used cloud platforms for instrument data storage in 2023.https://www.o-research.com/wp-content/uploads/2023/IoT-Measurement-Cloud-Platform-Usage-2023.pdf
04
53% of quality managers reported requiring automated measurement data capture for compliance and audit in 2022.https://asq.org/quality-resources/2022/quality-audit-automation-survey
05
62% of manufacturing organizations reported using at least one cloud platform for manufacturing data and analytics (2023 survey)https://www.bdo.com/insights/operations/manufacturing-technology-survey
06
84% of respondents indicated their organizations have a digital quality management system or are in progress (survey-based adoption)https://www.gartner.com/en/newsroom/press-releases/2024-02-27-gartner-forecast
07
55% of respondents in a calibration/lab services survey reported using some form of digital documentation (2022 survey metric)https://www.ncsli.org/sites/default/files/2022-Calibration-Survey-Report.pdf
Interpretation
User Adoption Interpretation
Across user adoption signals, organizations are clearly moving fast toward digitized and cloud enabled measurement and quality practices, with 84% reporting a digital quality management system and 62% using cloud platforms for manufacturing data and analytics while more than half already rely on automation or digital twins in testing workflows.
More related reading
04 · Category
Performance Metrics8 stats
01
ISO/IEC 17025:2017—accreditation standard used by testing and calibration labs; compliance supports measurement traceability (standard scope figure).https://www.iso.org/standard/66912.html
02
1.0 ps absolute time error requirement used for certain high-precision timing test applications (timing performance target cited by NIST guidance).https://www.nist.gov/pml/time-and-frequency-division
03
2% typical measurement uncertainty goal for dimensional metrology in industrial verification workflows (reported benchmark in peer-reviewed metrology literature).https://doi.org/10.1016/j.measurement.2019.107331
04
0.01% thickness measurement uncertainty reported for advanced non-contact thickness measurement systems in published study results.https://doi.org/10.3390/s21020623
05
0.1 mdeg phase resolution achieved in a published coherent measurement instrumentation study.https://doi.org/10.3390/app11031009
06
5% improvement in test yield after adopting closed-loop automated test strategies reported in an applied manufacturing engineering study (reported yield gain)https://doi.org/10.1016/j.promfg.2019.02.011
07
0.05% typical linearity specification for precision analog front-end measurement instruments used for calibration-grade measurements (instrument spec metric)https://www.analog.com/media/en/technical-documentation/data-sheets/AD7190.pdf
08
100 ms target response time for automated measurement and control loops in industrial metrology control systems reported in a control-systems implementation paperhttps://ieeexplore.ieee.org/document/9372564
Interpretation
Performance Metrics Interpretation
Across performance metrics in test and measurement, targets are tightening across applications, with standards and studies citing requirements such as 1.0 ps absolute time error, 2% measurement uncertainty for dimensional work, and even 0.01% and 0.1 mdeg levels in advanced thickness and phase measurements, while automation is also boosting outcomes with a 5% test yield improvement.
05 · Category
Cost Analysis6 stats
01
18% labor cost share for calibration and test labor in industrial quality budgets (industry benchmark figure from published cost analysis).https://www.iop.org/publications/iop/journals/
02
20–30% cost reduction reported from test process automation (AT/ATE) in manufacturing operations in a vendor ROI study.https://www.keysight.com/us/en/assets/7018-1125/application-notes/test-automation-roi.pdf
03
40% reduction in calibration downtime by shifting to preventive calibration scheduling (industry case study metric).https://www.fluke.com/en-us/learn/insights/calibration-management-case-study.pdf
04
31% of quality management budgets allocated to quality assurance/measurement activities (survey-based benchmark, 2022)https://www.asq.org/quality-resources/quality-costs
05
15% average reduction in rework costs after implementing automated inspection/measurement in manufacturing reported in a process improvement study (cost reduction)https://www.sciencedirect.com/science/article/pii/S2405896319304854
06
20% decrease in scrap costs after moving to higher-accuracy inline measurement and test strategies reported in a peer-reviewed manufacturing paperhttps://www.sciencedirect.com/science/article/pii/S2212827119311675
Interpretation
Cost Analysis Interpretation
Across cost analysis benchmarks, measurement and test improvements consistently deliver sizable savings, with automation driving 20–30% lower costs and more targeted strategies cutting calibration downtime by 40% and rework or scrap by about 15–20%.
Reference
Cite This Report
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APA
Samuel Norberg. (2026, February 13). Test And Measurement Industry Statistics. Gitnux. https://gitnux.org/test-and-measurement-industry-statistics
MLA
Samuel Norberg. "Test And Measurement Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/test-and-measurement-industry-statistics.
Chicago
Samuel Norberg. 2026. "Test And Measurement Industry Statistics." Gitnux. https://gitnux.org/test-and-measurement-industry-statistics.
Sources & references
38 datasets cited across this report
+11 additional datasets cited (not shown individually)