Boston, MA – Capstone Headwaters released its Test & Measurement (T&M) Industry Update today, reporting that the performance of publicly traded T&M companies has recovered into positive territory since the onset of COVID-19. We expect this strength to continue for the remainder of the year, placing the sector in an enviable position to benefit from a return to sustainable economic growth in 2021.
“Regardless of the economic climate, technology disruption remains a constant and it is evident in the Test and Measurement space,” Managing Director Ted Polk commented.
Managing Director David Brinkley further noted, “Prevailing industry trends driving consolidation in the sector are long-lived and speak to a rapid evolution of the fundamental technology base.”
A key subsegment of strength over the past five years, and a source of growth over the course of 2020, is Aerospace & Defense, particularly defense technologies. Test and measurement activities supporting defense programs were deemed essential from the earliest days of the pandemic and have sustained revenue levels throughout the year.
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