IoT and 5G Boost Global Electronic Test and Measurement Market, Says Frost & Sullivan

Higher demand for connectivity,autonomous driving,and electric vehicles will increase the need for new testing equipment across industry verticals

SANTA CLARA,Calif.,Jan. 7,2021 -- Frost & Sullivan's recent analysis,IoT and Hi-speed Communication Powering the Global Electronic Test and Measurement Market,2020,forecasts that the advancement of 5G and the implementation of Internet of Things (IoT) technology will help the market reach $18.94 billion by 2025,despite a slight decline of 0.7% due to COVID-19. Driven by digital transformation,IoT,Industry 4.0,and other Mega Trends,the use of connected electronic devices is expected to grow regardless of vertical,as will the demand for electronic test and measurement equipment.

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"Electronic test and measurement (T&M) instruments find significant utilization in research,product development,prototyping,manufacturing,and field testing applications," said Prabhu Karunakaran,Industry Analyst,Frost & Sullivan. "Semiconductor automatic test equipment (ATE) is likely to be the top revenue generator due to the sheer size of the market,ever-increasing end-user demand and the evolution of consumer electronics technologies. Radio frequency (RF) test equipment is expected to represent the second-largest revenue opportunity,driven by continuing R&D investments in communications and other verticals—both current and future programs in 5G and 6G—and the commercialization of 5G."

Karunakaran added: "The automotive end-user vertical is also expected to emerge as a significant contributor given the aggressive progress of autonomous projects,which will fuel demand and continue to offer growth opportunities."

For further revenue opportunities,electronic T&M vendors should explore the following growth areas:

5G: Work with various stakeholders in the value chain to capitalize on the opportunities that advancement in mmWave technology and the proliferation of 5G use cases will bring.

Autonomous driving: Proactively monitor the development of electric vehicles (EV) and other new mobility technologies to develop solutions that address their natural testing needs.

Power applications: Innovate and develop solutions that offer design engineers better noise performance,more precision and the ability to catch fast,small,and unpredictable signals.

Edge IoT: Understand varied requirements for testing and design equipment that are cost-effective and require minimum customization.

Next-gen data centers: Work with end users to understand relevant requirements and develop products to support such R&D activities.

IoT and Hi-speed Communication Powering the Global Electronic Test and Measurement Market,2020is part of Frost & Sullivan's global Measurement and Instrumentation Growth Partnership Service program.

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IoT and Hi-speed Communication Powering the Global Electronic Test and Measurement Market,2020

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