Adoption of Industrial IoT in the Global Test and Measurement Market, Forecast to 2022

Adoption of Industrial IoT in the Global Test and Measurement Market, Forecast to 2022

Test and Measurement Embracing IIoT Technologies to Enhance Testing Measures and Make Use of Opportunities

RELEASE DATE
25-Sep-2017
REGION
North America
Research Code: K1D0-01-00-00-00
SKU: TM00495-NA-MR_20815

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$4,950.00

$3,712.50 save 25 %

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Description

Industrial Internet of Things (IIoT) is a key buzzword in the world today. Advancements in technologies are not only making industries effective, but also enabling the work to be ‘Smarter’.

The focus of this research on test and measurement for IIoT is to analyze this market from a technology standpoint. The study attempts to help market participants who are looking to understand revenue opportunities and position themselves as thought leaders in this space. This study also serves as a major point of reference for other market participants who are not aware of the immense benefits of IIoT or are on the verge of making a move in the technology.

The test and measurement in IIoT is expected to exhibit strong growth, owing to a number of opportunities related to smart testing. The overall test and measurement market for IIoT recorded a revenue of $71.1 million in 2016, and is expected to grow at a compounded annual growth rate (CAGR) of 6.7% from 2016 to 2022.

The research aims to identify the various drivers and restraints impacting the market globally. The study also provides information on the key end users such as industrial automation and aerospace and opportunities for smart testing in these industries. It sheds light on some of the key initiatives by competitors, such as National Instruments, Fluke Corporation, Keysight Technologies, and Rohde and Schwarz. The study also includes a Mega Trends section that discusses the impact of select criteria on the market in the long term. Growth opportunities and actions to capitalize on them have also been included in the study.

Research Scope Includes:
•     Market size, forecasts, and trends for the study period, 2016–2022
•     Key market participant insights (product innovations, competitive environment, and factors)
•     Mega Trends influencing the market opportunities for test and measurement in IIoT
•     Growth opportunities across the market that influence adoption of IIoT in test and measurement
•     Analysis of opportunities in end-user applications such as healthcare, industrial automation, and aerospace

Key Questions the Study will Answer Include:
•     Is the market growing? How long will it continue to grow, and at what rate?
•     What are the latest key technology trends in the market? What impact do these have on the T&M market in IIoT?
•     What are the barriers and challenges in the market with regard to adoption and market drivers?
•     What are the main competitive factors of the participants in the market? How is the competitive landscape?
•     How will the structure of the market change with time?
•     What are the key growth opportunities for market participants and how can they be addressed?

Table of Contents

Key Findings

Market Outlook

Market Projection

Transition Toward Digitalization

CEO’s Perspective

Research Scope and Objective

IIoT—Emerging Themes in the Industrial Environment

IIoT—Key Attributes of a Smart Factory

Research Aims and Objectives

Why IIoT?

Adoption Timeline

Product Innovation Matrix

Product Development and Evolution

Realizing T&M in IIoT

Business Criticality of T&M in IIoT

Market Impact and Opportunity Mapping

Market Drivers

Market Restraints

Forecast Assumptions

Revenue Forecast—Total T&M Market in IIoT

Key Application Projection

Competitive Environment

Top Competitors

Game Changers in the T&M Market—Companies to Watch

Case Study—Jaguar-Land Rover Partnering with NI for Big Data Analysis

Case Study—London Underground Using NI Solution to Improve

Emerging Opportunities—Automotive Industry

Emerging Opportunities—Aerospace Industry

Emerging Opportunities—Healthcare Industry

Emerging Opportunities—Smart Energy Industry

Mega Trends Driving the Future of T&M

New Business Models in T&M—Key Highlights

Growth Opportunity 1—Solution/Service Enhancement

Growth Opportunity 2—Improving Production Efficiency

Growth Opportunity 3—Advancements in Technology

Strategic Imperatives for Success and Growth

Strategies for Building IIoT-centric Business for T&M

T&M Market for IIoT—Challenges and Solutions

The Last Word

Legal Disclaimer

List of Figures
  • 1. T&M Market in IIoT: Key Findings, Global, 2016
  • 2. T&M Market in IIoT: Future Trends, Global, 2016
  • 3. T&M Market in IIoT: Product Development and Evolution, Global, 2016
  • 4. T&M Market in IIoT: Business Impact Chart, Global, 2016
  • 5. T&M Market in IIoT: Key Market Drivers, Global, 2017–2022
  • 6. T&M Market in IIoT: Key Market Restraints, Global, 2017–2022
  • 7. T&M Market in IIoT: Revenue Growth, Global, 2019–2022
  • 8. T&M Market in IIoT: Competitive Structure, Global, 2016
  • 9. T&M Market in IIoT: SWOT Analysis, Global, 2016
  • 10. T&M Market in IIoT: Mega Trends, Global, 2016
  • 11. T&M Market in IIoT: New Business Models, Global, 2016
  • 12. T&M Market in IIoT: Strategic Imperatives, Global, 2016
List of Charts
  • 1. T&M Market in IIoT: Revenue Forecast, Global, 2016 and 2022
  • 2. T&M Market in IIoT: Competitive Landscape, Global, 2016
  • 3. T&M Market in IIoT: Opportunity Mapping, Global, 2016
  • 4. T&M Market in IIoT: Revenue Forecast, Global, 2014–2022
  • 5. T&M Market in IIoT: Competitive Landscape, Global, 2016
Related Research
Industrial Internet of Things (IIoT) is a key buzzword in the world today. Advancements in technologies are not only making industries effective, but also enabling the work to be ‘Smarter’. The focus of this research on test and measurement for IIoT is to analyze this market from a technology standpoint. The study attempts to help market participants who are looking to understand revenue opportunities and position themselves as thought leaders in this space. This study also serves as a major point of reference for other market participants who are not aware of the immense benefits of IIoT or are on the verge of making a move in the technology. The test and measurement in IIoT is expected to exhibit strong growth, owing to a number of opportunities related to smart testing. The overall test and measurement market for IIoT recorded a revenue of $71.1 million in 2016, and is expected to grow at a compounded annual growth rate (CAGR) of 6.7% from 2016 to 2022. The research aims to identify the various drivers and restraints impacting the market globally. The study also provides information on the key end users such as industrial automation and aerospace and opportunities for smart testing in these industries. It sheds light on some of the key initiatives by competitors, such as National Instruments, Fluke Corporation, Keysight Technologies, and Rohde and Schwarz. The study also includes a Mega Trends section that discusses the impact of select criteria on the market in the long term. Growth opportunities and actions to capitalize on them have also been included in the study. Research Scope Includes: • Market size, forecasts, and trends for the study period, 2016–2022 • Key market participant insights (product innovations, competitive environment, and factors) • Mega Trends influencing the market opportunities for test and measurement in IIoT • Growth opportunities across the market that influence adoption of IIoT in test and measurement • Analysis of opportunities
More Information
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Table of Contents | Executive Summary~ || Key Findings~ || Market Outlook~ || Market Projection~ || Transition Toward Digitalization~ || CEO’s Perspective~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope and Objective~ || IIoT—Emerging Themes in the Industrial Environment~ || IIoT—Key Attributes of a Smart Factory~ || Research Aims and Objectives~ | IIoT for Test and Measurement~ || Why IIoT?~ || Adoption Timeline~ || Product Innovation Matrix~ || Product Development and Evolution~ || Realizing T&M in IIoT~ || Business Criticality of T&M in IIoT~ || Market Impact and Opportunity Mapping~ | Market Drivers and Restraints~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends~ || Forecast Assumptions~ || Revenue Forecast—Total T&M Market in IIoT~ || Key Application Projection~ | Companies Ecosystem and Geographic Landscape~ || Competitive Environment~ || Top Competitors~ || Game Changers in the T&M Market—Companies to Watch~ || Case Study—Jaguar-Land Rover Partnering with NI for Big Data Analysis~ || Case Study—London Underground Using NI Solution to Improve~ | Key Opportunities in End-user Verticals~ || Emerging Opportunities—Automotive Industry~ || Emerging Opportunities—Aerospace Industry~ || Emerging Opportunities—Healthcare Industry~ || Emerging Opportunities—Smart Energy Industry~ | Mega Trends and Industry Convergence Implications~ || Mega Trends Driving the Future of T&M~ || New Business Models in T&M—Key Highlights~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Solution/Service Enhancement~ || Growth Opportunity 2—Improving Production Efficiency~ || Growth Opportunity 3—Advancements in Technology~ || Strategic Imperatives for Success and Growth~ | Key Strategies For Success~ || Strategies for Building IIoT-centric Business for T&M~ | The Last word~ || T&M Market for IIoT—Challenges and Solutions~ || The Last Word~ || Legal Disclaimer~ | The Frost & Sullivan Story~
List of Charts and Figures 1. T&M Market in IIoT: Key Findings, Global, 2016~ 2. T&M Market in IIoT: Future Trends, Global, 2016~ 3. T&M Market in IIoT: Product Development and Evolution, Global, 2016~ 4. T&M Market in IIoT: Business Impact Chart, Global, 2016~ 5. T&M Market in IIoT: Key Market Drivers, Global, 2017–2022~ 6. T&M Market in IIoT: Key Market Restraints, Global, 2017–2022~ 7. T&M Market in IIoT: Revenue Growth, Global, 2019–2022~ 8. T&M Market in IIoT: Competitive Structure, Global, 2016~ 9. T&M Market in IIoT: SWOT Analysis, Global, 2016~ 10. T&M Market in IIoT: Mega Trends, Global, 2016~ 11. T&M Market in IIoT: New Business Models, Global, 2016~ 12. T&M Market in IIoT: Strategic Imperatives, Global, 2016~| 1. T&M Market in IIoT: Revenue Forecast, Global, 2016 and 2022 ~ 2. T&M Market in IIoT: Competitive Landscape, Global, 2016~ 3. T&M Market in IIoT: Opportunity Mapping, Global, 2016~ 4. T&M Market in IIoT: Revenue Forecast, Global, 2014–2022~ 5. T&M Market in IIoT: Competitive Landscape, Global, 2016~
Author Anisha Nikash Dumbre
Industries Test and Measurement Instrumentation
WIP Number K1D0-01-00-00-00
Is Prebook No