Goodyear and LANXESS Drive Industrial Rubber Market to US$ 62.0 Billion by 2033

The global Test and Measurement Equipment Market, valued at US$ 32.3 billion in 2023, is projected to reach US$ 56.4 billion by 2033, driven by a robust CAGR of 5.7%. Fueled by advancements in 5G infrastructure, electric vehicle (EV) production, and automation across industries, test and measurement equipment ensures precision, compliance, and performance in sectors like telecommunications, automotive, and aerospace. This press release explores the key drivers, projections, and opportunities shaping this critical industry.