This research analyzes major types of digital solutions, such as connected components, connected machines, connected plants, connected enterprises, etc. It examines key industry participants and their performance and also offers a glimpse into their strengths, weaknesses, opportunities, and threats.
What are the key developments driving revenue for the HIL testing? What are the new growth opportunities expected to arise in the next five years? Why is the development of vehicles with enhanced ADAS capabilities an important driver for HIL testing? Who are the major players dominating this segment?
This sector comprises companies and end-users that opt for the procurement of new and used general-purpose electronics test & measurement instruments through rental or lease financing options. This analysis discusses its total potential, growth prospects, changing dynamics, the impact of the pandemic, etc.
I love the Alvin Toffler quote, “The great growling engine of change—technology,†for a host of reasons. “Growling†could be overlooked for “change†simply because we are caught in an era and pace of change that leaves our heads spinning, and strategy executives love to talk about change. However, the deliberate use of growling denotes a sense of hostility. My interpretation of this word choice is the foresight to know that technology is an incredibly fickle and risky proposition, and fickleness has a high propensity to create hostile responses based upon our given perspective.
This is exemplified by our 2021 Edition of the Top 50 Emerging Technologies, which showcases technologies at a technology readiness level (TRL) of 5 to 9. Our team spent tens of thousands of hours determining the standouts for the next several years and assessed their viability across our criteria. Our top technologies cannot be ignored, especially with a tidal wave of end-user needs spurred by the recent geopolitical chaos (COVID-19, elections). This has created a renewed view of the impact these technologies can have on many applications.
Schedule a consultation with an industry expert at no charge by contacting us at myfrost@frost.com. We are taking unprecedented action to make our team available to help you cut through the media and politics to get factual one-to-one guidance for the issues and opportunities that matter most to your business.
AI-powered Electronic Test & Measurement Instruments Enable Growth in Aerospace and Defense
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Adoption of DDoS Protection and Mitigation Solutions Power Growth in Global Network Security Testing
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In-house Servicing Capabilities and Sustainability Initiatives Driving the Growth of Oil-free Compressors
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Novel Growth Prospects and New-age Technologies Powering the Adoption of 3D Optical Profilometers
Read more Request InfoThe response of most industrial
companies to the COVID-19 pandemic has been to
retrench and cut back, lower operating costs
and ride out the crisis. With revenues taking a
huge hit for a majority of companies, the
top-of-mind issues for executive leadership
have been risk mitigation, cash flow management
and, in many cases, simply survival.
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Microjobs today are a niche area, but
with growing awareness and participation. Frost
& Sullivan sees increasing opportunity in this
space with the convergence of several key
trends such as the rise of the digitally savvy
Gen Z population, the growing elderly
population, technological advancement and
pervasiveness of AI and IoT, and evolving
regulatory trends focused on contract work.
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In the technology-forward modern manufacturing industry, data is considered a strategic asset, and market leaders are evolving their processes and business models to harness its benefits. Savvy manufacturers turn to technologies such as artificial intelligence (AI), machine learning (ML), collaborative robots (cobots), and advanced metrology to improve production efficiency and product quality.
Frost & Sullivan’s recent analysis of the adoption of digital technologies and smart devices in the global industrial equipment market finds that the convergence of information technology (IT) and operational technology (OT) is rapidly transforming the industry landscape and providing actionable intelligence to decision-makers. The Internet of Things (IoT), big data analytics, sensorization, artificial intelligence (AI), and machine learning (ML) are ushering changes in various industries, including oil and gas, mining, chemicals, food and beverages, power, and water and wastewater.
Frost & Sullivan’s recent analysis finds that the global industrial robotics market will reach revenues of $38.3 billion in 2024 from $22.2 billion in 2020 at a CAGR of 12.2%. Although the industry was curtailed by the COVID-19 pandemic and uncertainty in the automotive business, rising demand from other high-growth sectors is expected to propel it over the next five years.
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