Growth Opportunities in Test and Measurement in the IOT Market, Forecast to 2025

Growth Opportunities in Test and Measurement in the IOT Market, Forecast to 2025

The proliferation of M2M devices has been dampened due to the COVID-19 pandemic; while connected home will continue to remain a prominent area, connected health will have a higher degree of growth.

RELEASE DATE
08-Jul-2020
REGION
Global
Research Code: K48C-01-00-00-00
SKU: TM00636-GL-MT_24579
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Description

Machine-to-machine (M2M) devices and connections will experience significant growth during the forecast period. Key areas of application include connected homes, work, cities, cars, and health, with the connected homes segment securing a significant share in the market. The COVID-19 pandemic outbreak, which started in December 2019, took the world by surprise and continues to ravage the global economy. The test and measurement industry has suffered a setback in terms of growth rate because of the pandemic and so has the rate of proliferation of M2M devices. From an application perspective, the connected health segment is expected to experience the highest rate of growth over other applications, as healthcare sector plays a crucial role in crisis management. This has to do with the surge in medical solutions to actively track, quarantine, and treat persons affected by COVID-19. Another market significantly impacted by the COVID-19 pandemic is the telecom market where major deployments such as releases 16 and 17, which were due this year, have been delayed. These two releases were intended to set the course for complete Internet of Things (IoT) implementation across different industries.

The origin of the COVID-19 outbreak can be traced to China. Now that China and other countries in its vicinity such as Taiwan and South Korea have weathered the worst and restarted their economies, Frost & Sullivan expects the Asia-Pacific to bounce back and regain its market share.
The key testing solutions covered include semiconductor automatic test equipment, radio frequency (RF) and digital testing equipment, gigabit Ethernet testing solutions as well as network performance test and monitoring solutions. Important factors that will drive the market include requirement to test technologies associated with 5G deployments, the high proliferation of multi-vendor M2M devices and connections as well as the use of critical edge computing technologies.

The COVID-19 outbreak will be the key restraint to the growth of the IoT test and measurement market. Frost & Sullivan is optimistic that the pandemic will reach its peak in the coming months, and the economy will recover by the end of 2020. The economic repercussions will be felt for some time after the pandemic, and therefore it would take time for the IoT test and measurement market to recover. This study will analyze the key trends in the market and suggest what the test and measurement industry should focus on to emerge out of these unprecedented times. Regional-level market analysis has also been performed as part of the study, and important growth opportunities that the test and measurement community could capitalize upon have been laid out.

Author: Rohan Joy Thomas

Table of Contents

Purpose of this Experiential Study

5-step Process to Transformational Growth

Strategic Imperatives for Test and Measurement Companies

Growth Opportunities for Test and Measurement Companies

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Market Definitions (continued)

Market Definitions (continued)

Market Definitions (continued)

Market Definitions (continued)

Internet of Things Industry—Key Trends

Internet of Things Industry—Key Trends (continued)

Internet of Things Industry—North America

Internet of Things Industry—Europe

Internet of Things Industry—Asia-Pacific

The COVID-19 Outbreak—Implications on the IoT Test and Measurement Market

Market Drivers and Restraints

Market Drivers

Market Drivers (continued)

Market Drivers (continued)

Market Restraints

Market Restraints (continued)

Forecast Assumptions

Forecast Assumptions (continued)

Percent Revenue by Solution Type

Revenue Forecast by Solution Type

Revenue Forecast Discussion by Solution Type

Revenue Forecast Discussion by Solution Type (continued)

Percent Revenue by Application Type

Revenue Forecast by Application Type

Connected Home

Connected Work

Connected Health

Connected Cities

Connected Cars

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Discussion by Region

Semiconductor ATE—Revenue Forecast

Semiconductor ATE—Revenue Forecast Discussion

Semiconductor ATE—Revenue Forecast by Application Type

Semiconductor ATE—Percent Revenue Forecast by Region

Semiconductor ATE—Revenue Forecast by Region

Semiconductor ATE—Revenue Forecast Discussion by Region

Semiconductor ATE—Market Share Analysis

RF and Digital Testing—Revenue Forecast

RF and Digital Testing—Revenue Forecast Discussion

RF and Digital Testing—Revenue Forecast Discussion (continued)

RF and Digital Testing—Revenue Forecast Discussion (continued)

RF and Digital Testing—Revenue Forecast by Application Type

RF and Digital Testing—Percent Revenue Forecast by Region

RF and Digital Testing—Revenue Forecast by Region

RF and Digital Testing—Revenue Forecast Discussion by Region

RF and Digital Testing—Market Share Analysis

GbE Testing—Revenue Forecast

GbE Testing—Revenue Forecast Discussion

GbE Testing—Revenue Forecast by Application Type

GbE Testing—Percent Revenue Forecast by Region

GbE Testing—Revenue Forecast by Region

GbE Testing—Revenue Forecast Discussion by Region

GbE Testing—Market Share Analysis

NPM—Revenue Forecast

NPM—Revenue Forecast Discussion

NPM—Revenue Forecast by Application Type

NPM—Percent Revenue Forecast by Region

NPM—Revenue Forecast by Region

NPM—Revenue Forecast Discussion by Region

NPM—Market Share Analysis

Macro to Micro Visioning

Trends Impacting the IoT Test and Measurement Market

Trends Impacting the IoT Test and Measurement Market (continued)

Trends Impacting the IoT Test and Measurement Market (continued)

Trends Impacting the IoT Test and Measurement Market (continued)

Top Predictions for the IoT Test and Measurement Market

Levers for Growth

Growth Opportunity 1—Battery Management of IoT Devices

Growth Opportunity 2—High Performance Data Centers

Growth Opportunity 3—Active Testing and Testing-as-a-Service

Growth Opportunity 4—Proliferation of Wearable Technology in IIoT

Growth Opportunity 5—5G NR Applications for IoT

Growth Opportunity 6—Augmented and Virtual Reality

Growth Opportunity 7—Start-up Community in the IoT Ecosystem

Growth Opportunity 8—Smart City Initiatives

Identifying Your Company’s Growth Zone

Growth Opportunities 1–6: Vision and StrategyRate relevance vs. internal capabilities for your company

Growth Opportunities 7–8: Brand and DemandRate relevance vs. internal capabilities for your company

Growth Opportunities MatrixDevelop this matrix for your company

Growth Strategies for Your Company

Prioritized Opportunities through Implementation

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Machine-to-machine (M2M) devices and connections will experience significant growth during the forecast period. Key areas of application include connected homes, work, cities, cars, and health, with the connected homes segment securing a significant share in the market. The COVID-19 pandemic outbreak, which started in December 2019, took the world by surprise and continues to ravage the global economy. The test and measurement industry has suffered a setback in terms of growth rate because of the pandemic and so has the rate of proliferation of M2M devices. From an application perspective, the connected health segment is expected to experience the highest rate of growth over other applications, as healthcare sector plays a crucial role in crisis management. This has to do with the surge in medical solutions to actively track, quarantine, and treat persons affected by COVID-19. Another market significantly impacted by the COVID-19 pandemic is the telecom market where major deployments such as releases 16 and 17, which were due this year, have been delayed. These two releases were intended to set the course for complete Internet of Things (IoT) implementation across different industries. The origin of the COVID-19 outbreak can be traced to China. Now that China and other countries in its vicinity such as Taiwan and South Korea have weathered the worst and restarted their economies, Frost & Sullivan expects the Asia-Pacific to bounce back and regain its market share. The key testing solutions covered include semiconductor automatic test equipment, radio frequency (RF) and digital testing equipment, gigabit Ethernet testing solutions as well as network performance test and monitoring solutions. Important factors that will drive the market include requirement to test technologies associated with 5G deployments, the high proliferation of multi-vendor M2M devices and connections as well as the use of critical edge computing technologies. The COVID-19 outbreak will be the key restraint to the growth of the IoT test and measurement market. Frost & Sullivan is optimistic that the pandemic will reach its peak in the coming months, and the economy will recover by the end of 2020. The economic repercussions will be felt for some time after the pandemic, and therefore it would take time for the IoT test and measurement market to recover. This study will analyze the key trends in the market and suggest what the test and measurement industry should focus on to emerge out of these unprecedented times. Regional-level market analysis has also been performed as part of the study, and important growth opportunities that the test and measurement community could capitalize upon have been laid out. Author: Rohan Joy Thomas
More Information
No Index No
Podcast No
Author Rohan Joy Thomas
Industries Test and Measurement Instrumentation
WIP Number K48C-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9594,9403,99FA,9408