The test and measurement (T&M) industry is buzzing with innovative trends—6G, AI/ML, and additive manufacturing are the main ones. Innovative business models such as pay-as-you-go and software-based testing drive future test methodologies. Sustainability will be crucial to optimizing the sector’s energy consumption by improving industrial energy efficiency, adopting renewable energy sources, and reducing carbon emissions.
Many companies in this industry offer unique and sophisticated products catering to the various needs of end users. In that context, time-to-market is a critical element in gaining new customers and retaining existing ones. A holistic approach will be the path to acquiring a larger market share.
This Frost & Sullivan analysis dives deeply into each trend, outlining market demands, drivers and restraints, growth opportunities, use cases, and the growth accelerators, or companies to action, that are at the forefront of the T&M industry. This will help vendors analyze the market, evaluate their market positioning, and take appropriate action to become global leaders.
Author: Sujan Sami
Strategic Imperatives
Top 10 Growth Opportunities
Growth Opportunity 1: AI/ML Capabilities Accelerate Testing Return on Investment
Growth Opportunity 2: 6G Research Increasingly Depends on Test Innovation
Growth Opportunity 3: Test-operation Software Will Enhance Customer Value
Growth Opportunity 4: Digitalization Will Drive Evolution in Quality Control
Growth Opportunity 5: Connected Cars
Growth Opportunity 6: Implementing IoT
Growth Opportunity 7: Additive Manufacturing
Growth Opportunity 8: Semiconductors Remain a Key to Growth
Growth Opportunity 9: Sustainability
Growth Opportunity 10: New Business Models
Next Steps
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| Deliverable Type | Market Research |
|---|---|
| Author | Sujan Sami |
| Industries | Electronics and Sensors |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Electronics and Measurement Market |
| Keyword 2 | Test and measurement (T&M) industry |
| Keyword 3 | Electronics and Measurement Industry Trends |
| Podcast | No |
| WIP Number | K890-01-00-00-00 |
Top 10 Growth Opportunities in Electronics and Measurement, 2024
6G, Semiconductors, AI/ML, and More Emerging Trends Drive Growth
15-Feb-2024
Global
Market Research
