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

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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

1. Executive Summary
Key Findings
Market Outlook
Market Projection
Transition Toward Digitalization
CEO’s Perspective
2. 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
3. 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
4. Market Drivers and Restraints
Market Drivers
Market Restraints
5. Forecasts and Trends
Forecast Assumptions
Revenue Forecast—Total T&M Market in IIoT
Key Application Projection
6. 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
7. Key Opportunities in End-user Verticals
Emerging Opportunities—Automotive Industry
Emerging Opportunities—Aerospace Industry
Emerging Opportunities—Healthcare Industry
Emerging Opportunities—Smart Energy Industry
8. Mega Trends and Industry Convergence Implications
Mega Trends Driving the Future of T&M
New Business Models in T&M—Key Highlights
9. 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
10. Key Strategies For Success
Strategies for Building IIoT-centric Business for T&M
11. The Last word
T&M Market for IIoT—Challenges and Solutions
The Last Word
Legal Disclaimer
12. The Frost & Sullivan Story


List of Figures & Charts

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



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