Top 10 Growth Opportunities in Electronics and Measurement, 2024
6G, Semiconductors, AI/ML, and More Emerging Trends Drive Growth
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.
- Top Growth Opportunities for 2024
- 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
- Legal Disclaimer
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