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The market for electronic test and measurement instruments in the global aerospace and defense industry is expected to experience an approximate 3.5% compound annual growth rate (CAGR) from 2019 to 2026. In 2019, it generated $2,041.2 million, with a base year growth rate of 2.9%. The market is set to grow further once the impact of the COVID-19 pandemic eases up.

The objective of this study is to identify the key market trends in the base year 2019 and the factors that are boosting and restraining market growth. In particular, analysis covers the product areas, vertical market segments, and application areas that will spur growth during the forecast period of 2020 to 2026.

The research provides estimates of the market size and future growth prospects up to 2026. For this purpose, a specific methodology is followed that includes discussion with senior management of test and measurement manufacturers that is supported by secondary research.