Test and Measurement market will reach $18.94 billion by 2025 thanks to the advancement of 5G and the implementation of Internet of Things (IoT) technology, Frost & Sullivan said.
Driven by digital transformation, IoT, Industry 4.0, and other Mega Trends, the use of connected electronic devices is expected to grow regardless of vertical, as will the demand for electronic test and measurement equipment.
Semiconductor automatic test equipment (ATE) is likely to be the top revenue generator due to the sheer size of the market, ever-increasing end-user demand and the evolution of consumer electronics technologies.
Radio frequency (RF) test equipment is expected to represent the second-largest revenue opportunity, driven by continuing R&D investments in communications and other verticals—both current and future programs in 5G and 6G—and the commercialization of 5G, said Prabhu Karunakaran, industry analyst, Frost & Sullivan, said.
