Used for the development and manufacturing of products across industries, deployment of networks, and maintenance of services, electronic test and measurement (T&M) equipment are witnessing increasing demand due to the proliferation of electronics and emerging disruptive concepts such as 5G and autonomous driving. With the smart mobility concept and new cellular and Wi-Fi standards including 4.5G, 4.9G, 5G, and 802.11ax, the demand for radio frequency (RF) test equipment will be high, while that of digital test equipment will be fueled by new standards.
Leveraging strong relationships with participants in the T&M market, in combination with desk research and market expertise accumulated over the past 20 years by tracking and monitoring this space, Frost & Sullivan has developed a detailed Frost Radar of the electronic T&M market. This research service analyzes the key companies in the market from growth and innovation angles.
Spanning semiconductor automatic test equipment (ATE), RF test equipment, microwave (MW) test equipment, digital test equipment, electrical and environmental testers, and data acquisition (DAQ) solutions; and applications ranging from research and development (R&D) to manufacturing and field, the electronic T&M market is vast and no company leads across all segments and applications. However, customers, especially Tier 1 customers, are interested in vendors that can address more of their needs, driving test vendors’ interest in strategic acquisitions and partnerships.
Of the more than 100 companies in this space, 30 have delivered commendable performance by capitalizing on the positive trends impacting the market. They are plotted against a Growth Index (Vertical Axis) and an Innovation Index (Horizontal Axis). Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies. Innovation index (II) is a measure of a company’s ability to develop products/services/solutions that are developed with a clear understanding of disruptive Mega Trends, are globally applicable, are able to evolve and expand to serve multiple markets, and are aligned to customers’ changing needs.The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
Industry Overview
Industry Overview (continued)
Industry Overview (continued)
The Frost Radar
Frost Radar—Description of Companies Plotted
Keysight Technologies
Rohde & Schwarz (R&S)
Advantest
Siemens PLM Software
National Instruments (NI)
Teledyne LeCroy
VIAVI Solutions (VIAVI)
Teradyne
HBK
Megger
Copper Mountain Technologies
Anritsu
Tektronix
Fluke
Cohu
Yokogawa
Testo
HIOKI
Chauvin Arnoux
FLIR Systems (FLIR)
GMC Instruments
Wireless Telecom Group (WTG)
RIGOL
Siglent
B&K Precision
GW Instek
ZES Zimmer
Astronics Test Systems
VTI Instruments
Marvin Test Solutions
Vaisala
GE
The Last Word—Key Takeaways
Legal Disclaimer
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Frost Radar—C2A
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Jessy Cavazos |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K347-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9404-A5,9594,9403,99FA,9408,9952 |
Frost RADAR in the Electronic Test and Measurement Industry
A Measurement System to Spark Companies 2 Action (C2A) – Innovation That Fuels New Deal Flow and Growth Pipelines
15-Apr-2019
Global
Frost Radar
