The Internet of Things (IoT) is now an important component of digital transformation across industries. With its core concepts revolving around real-time connectivity and advanced data analytics, IoT is poised to provide benefits, such as real-time asset and process monitoring, cloud connectivity, asset mobility, remote tracking and controlling, predictive and prescriptive maintenance, edge-based computing and data analytics for large datasets. These developments will be a huge benefit to the analytical instrumentation market participants that deal with large datasets and performance-critical applications in industries, such as pharmaceuticals, oil and gas, chemicals, and research. That said, the actual implementation of the IoT concept has been a tad bit slower due to the sensitive nature of data generated in these end-user industries. However, the industry is slowly warming up to digitalization and is willing to experiment with digital concepts. The key trend is the introduction of cloud-based solutions in the services portfolio, as a part of lab management and informatics systems. This gives vendors the opportunity to collaborate with end users and create customized solutions, a trend that is highly preferred by the niche end users of the analytical instrumentation market. Other key IoT features are influencing the analytical instrumentation industry at the product level. Compact, plug-and-play, and portable instruments are expected to become more prominent in the coming years. The competitive landscape is also expected to become more diverse with start-ups entering the market. Business synergies between traditional players and startups are expected to create new business models with customer satisfaction at its core. The companies included in this Frost Radar™ are Agilent Technologies, Thermo Fisher Corporation, Bruker Corporation, Waters Corporation, Leica Microsystems, Shimadzu, Atonarp Inc, IRsweep, Plasmion Gmbh, OmniScent, PerkinElmer, and SCIEX.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores described in the Frost Radar™ methodology. This research service presents competitive profiles of companies featured on the Frost Radar™, based on their strengths, opportunities, and offers a small discussion of 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.
Author: Ram Ravi

Strategic Imperative
Growth Environment
Frost Radar™: Global IoT in the Analytical Instrumentation Market
Frost Radar™: Competitive Environment
Frost Radar™: Competitive Environment (continued)
Agilent Technologies
Atonarp Inc.
Bruker
IRsweep
Leica Microsystems
Omniscent
Plasmion GmbH
PerkinElmer Inc.
SCIEX
Shimadzu Corporation
Thermo Fisher Scientific Inc.
Waters Corporation
Strategic Insights
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
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Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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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)
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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
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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.
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| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Ram Ravi |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K3EC-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9823-A8,9404-A5,9405-A5,9594,9896-A5,9897-A5,9898-A5,9ACC-A5 |
Frost Radar™: Global IoT in the Analytical Instrumentation Market, 2020
Benchmarking Future Growth Potential
21-Jul-2020
North America
Frost Radar
