Data centres, autonomous driving, 5G, Internet of Things (IoT), power applications, and new high-speed digital standards are the growth engines of the electronic test and measurement (T&M) equipment market for the next five years, finds Frost and Sullivan.
The next wave of growth has begun with the technologies making their way down the product lifecycle, from research and development to manufacturing and deployment.
Greater complexity and technology convergence will spur demand across verticals, with the largest opportunities coming from communications, semiconductors and computing industries, and the fastest growth in industrial and automotive verticals. Market winners will be those able to meet the demand while addressing the specific requirements of applications.
“Greater complexity in end-user technologies calls for an increased cost of test. However, with RF proliferation in consumer devices, there is the notion that the cost of test equipment should follow that trend,” said Jessy Cavazos, industry director for Test & Measurement at Frost & Sullivan.
“It will be vital for market participants to come up with a new approach to test in the coming years as the traditional approach is not sustainable from cost and technical perspectives.”
Frost & Sullivan’s recent analysis, ‘Global Electronic Test and Measurement, Forecast to 2022’, provides a comprehensive analysis of trends, perspectives, and market forecasts.
With the smart mobility concept and new cellular and Wi-Fi standards, including 4.5G, 4.9G, 5G and 802.11ax, the demand for RF test equipment will be high, while that of digital test equipment will be fuelled by new standards such as PCIe5 and CCIX.