Digital Multimeter Market Outlook:
Digital Multimeter Market size was valued at USD 1.01 billion in 2025 and is expected to reach USD 1.69 billion by 2035, expanding at around 5.3% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of digital multimeter is evaluated at USD 1.06 billion.
The market is booming due to the slated demand for electronic devices such as smartphones. According to a report, there are around 7 billion smartphones worldwide, which accounts for about 85% of the global population.
In addition, due to the lucrative growth of smartphone repair, the landscape for digital multimeters is also in demand, as a multimeter is a tool used in mobile phone testing and reading checks for different parts and components.
Additionally, the estimated increase in the usage of predictive maintenance across many sectors is expected to decrease the downtime for machines and assets. It is essential to test and validate a variety of electrical tools and machinery to increase their performance and lower the possibility of harm.
