According to new research Report by MarketsandMarkets "The test and measurement equipment market are expected to reach USD 47.01 billion by 2029 from USD 38.91 billion in 2024, at a CAGR of 3.9% during the 2024-2029 period". Various companies are investing in test and measurement equipment which gives an opportunity for growth in the test and measurement equipment industry. The test and measurement equipment market are continuously developing, with the presence of multiple players. Currently, the Asia Pacific region is contributing significantly to the growth of the test and measurement equipment market. Similarly, North America, Europe, and RoW regions are expected to be the growing market for the forecasted period.

 

Esch time I see a new T&M development, most likely came from a Chinese manufacturer.

 

Before you believe that announcement, consider that those announcements often come from a company CEO( Chief Executive Officer). That is an individual responsible to the board of directors, which hires and fires and determines the salary and bonus of the CEO. Then consider that the CEO and the board are, BY LAW, responsible to the share holders, who only own shares to make a profit.

So the CEO is naturally going to predict great success in the future years. A bonus of a few million dollars will be a great motivating stimulus for almost anybody.
To offer a further reality, if the CEO predicted a drop in profits and a loss of share value in the next few quarters, that poor person would be out of a job and on the street by noon that day.