Test & Measurement Equipment Market To Grow at 4.8% in Australia


Chicago, Oct. 24, 2023 (GLOBE NEWSWIRE) — The government has implemented various corrective measures, but typically, monetary and fiscal policies primarily target the demand for IT and telecommunications products. Responding promptly to the disruption in global supply chains, which has affected economies worldwide, can be challenging for instruments based on conventional measures or standards. In the Australian test and measurement equipment market, notable players include IFR Australia Pty Ltd., Pacific Test Equipment, and Scientific Devices Australia Pty. Ltd. (SDA). Factors such as the increasing demand for wireless communication and networking solutions, a growing number of smartphone users, and the ever-evolving standards for next-generation telecommunication equipment will continue to propel market expansion. Australia market to grow at 4.8% in test and measurement equipment market.

Ask for Download PDF Brochure :



In July 2022, at the International Conference on the Physics of Semiconductors 2022, the Minister for Science, Innovation, and Technology of New South Wales (NSW) highlighted the semiconductor industry as a local strength, as emphasized in the recently released NSW 20-Year R&D Roadmap. This presents a significant opportunity for economic growth, with a USD 6 million collaboration between the government, universities, and businesses.
Top of Form
Bottom of Form

In April 2023, the Australian automotive industry saw the delivery of 82,137 vehicles, marking a 1.3% increase compared to the previous year. Notably, 8% of these sales in April 2023 were electric automobiles, a significant rise from the 1.1% recorded in April 2022. When considering all forms of electrification, the percentage has surged from 9.5% to 15.4%, which further contributes to the development of the test and measurement industry in Australia.

CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected]

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.