The Indian Test And Measurement Industry landscape

Accurate testing and measurement (T&M) is critical in electronics system design and manufacturing (ESDM) to ensure product quality. T&M systems play a pivotal role in ratifying the performance of a wide range of electronic products.

- Sudeshna Das

Increased product complexity has spurred a growing demand for precision testing at every stage of the product life cycle, starting from product design and development, to production testing, pre- and post-market testing, as well as support. Thus, growth of the T&M industry goes hand in hand with the growth of the electronics industry in the country.

Market opportunities

India is emerging as the forerunner in the next era of technological innovations. The Indian ESDM sector has witnessed steady growth in recent years along with a shift in focus from pure play systems or product designs to include areas such as product development, original design manufacturing (ODM) and so on. Therefore a huge business opportunity is brewing for the T&M industry in India.

High growth in the T&M equipment market in India is due to a number of reasons. These include technological developments, expanding end user applications and a growing need to validate the performance of equipment. Other factors driving growth in the T&M domain are stringent quality, safety and environmental standards for manufacturing, maintenance and use of equipment. Moreover, proper implementation of government initiatives, like Make in India, 100 Smart Cities, Digital India and the defence manufacturing push, open up new opportunities for T&M industry players.

According to the industry experts who participated in the survey, the current Indian market size for T&M equipment used in the ESDM industry is worth approximately US$ 150 to US$ 200 million. However, the market presents a much bigger opportunity. Frost & Sullivan, a market research firm, forecasts that the Indian market for general-purpose electronic T&M instruments will touch US$ 300 million by 2022 (Figure 1).

Market drivers