Multimeters, Function Generators, Oscilloscopes, Logic Analyzers, Spectrum Analyzers, Software Defined Radios and Open Source/Community Designed Tools. If you used it while reverse engineering, list it here!
Software Defined Radios
RTL-SDR - Very low cost (~$30) receiver operating from about 52MHz to 2200MHz.
SDRPlay RSP1a - Medium cost (~$160) receiver operating from 100 Khz to 2000 MHZ. Device includes a lot of selectable filters (to cancel broadcast FM, WiFi interference, PC interference etc).
HackRF One - Capable of transmission or reception of radio signals from 1 MHz to 6 GHz. Open source hardware platform that can be used as a USB peripheral or programmed for stand-alone operation. Cost ~$340
Ettus Research USRP B200 - Universal Software Radio Peripheral with continuous frequency coverage from 70 MHz –6 GHz. Wider bandwidth and higher resolution ADC/DAC than the HackRF; cost with enclosure ~$875.
JTAGulator - open source hardware tool that assists in identifying OCD connections from test points, vias, or component pads on a target device.
FlySwatter2 - In-circuit JTAG debugger and programmer.
Tigard - is a open source FT2232H-based, multi-protocol, multi-voltage tool for hardware hacking.
Ramsey STE-3000 Shielded Test Enclosure - Faraday cage for isolating RF signals
B&G International Decapsulator Model 250 - Acid etching decapsulation tool from the early 2000's
DC Bench Power Supplies
Riden 6018 DC bench power supply - is a budget friendly DC step-down 60V 18A bench power supply for your lab with excellent price–performance ratio.