Recent analysis from Frost & Sullivan finds that the electronic test equipment market serving design engineers earned revenues of $1.99 billion in 2015. This is estimated to reach $2.36 billion in 2021. Pricey electronic test and measurement (T&M) equipment used in research and development (R&D) applications hold nearly 50 percent of the total market revenues, deriving from instruments priced at more than $50,000.
The rapid evolution towards higher frequencies and wider modulation bandwidth, coupled with the advent of technologies such as 5G is creating growth opportunities for advanced test equipment, says Frost & Sullivan Measurement & Instrumentation practice.
According to Frost, principal opportunities will emerge from the radio frequency (RF), microwave (MW) and high-speed digital test segments. More signal generators will be needed than function generators and signal analyzers will see higher demand than spectrum analyzers due to their vector capability. In power meters, complex signals will drive peak power meter adoption over average power meters.
Jessy Cavazos, Director, Frost & Sullivan Test and Measurement Industry
Technologies such as 5G and higher frequencies required in aerospace and defense and automotive radars will translate into a drastic shift in the signal generators, signal analyzers, network analyzers and power meters segments of the electronic test equipment market.
