IoT and 5G boost global electronic test and measurement market: report
by CM Staff
Higher demand for connectivity, autonomous driving, and electric vehicles will increase the need for new testing equipment across industry verticals
SANTA CLARA, Calif. — 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 US$18.94 billion by 2025, despite a slight decline of 0.7% due to COVID-19.
“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, in a prepared statement. “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, Frost & Sullivan believes that 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.