Global market for embedded instrumentation expects market revenues to reach $110.3mn in 2023, forecasts Frost & Sullivan

The embedded instrumentation market is witnessing double-digit growth due to increased demand from the automotive and telecommunication industries and the miniaturisation and complexities of electronic devices. Frost & Sullivan expects market revenues to reach $110.3 million (€89.14 million) in 2023, growing at a CAGR of 13.1% from 2016 to 2023.

This is creating new growth opportunities for providersembracing technological advancements and offering flexible, versatile, cloud-enabled, and connected test solutions that are easily upgradable.

“The need for embedded instrumentation has boosted the demand for higher functionalities and increased the ease of use for the end user. However, it has also increased the overall complexity of the electronic system due to technology advancements and space constraints, which demand the need for embedded testing,” said Aravind Seshagiri, research manager for Industrials at Frost & Sullivan. “In the future, the Internet of Things and Industry 4.0 will create huge market opportunities for embedded instrumentation.”

Frost & Sullivan’s recent analysis, Global Market for Embedded Instrumentation, Forecast to 2023, examines the prevalent factors contributing to the growth of this market, challenges serving as barriers to growth, which product segments represent the most growth potential, market leaders and revenue forecasts.

Comment on this article below or via Twitter: @VanillaPlus OR @jcvplus

RECENT ARTICLES

Phoenix Tower International gains investment from Grain and BlackRock

Posted on: March 29, 2024

Phoenix Tower International (PTI) has announced that Grain Management (Grain), through its flagship funds, and BlackRock, through a fund managed by its Diversified Infrastructure business (BlackRock) have made an investment

Read more

Connectbase expands baltic connectivity with Bitė partnership

Posted on: March 28, 2024

Connectbase has announced the addition of Bitė to its ecosystem. This partnership marks a step forward in enhancing connectivity options within the Baltic region, providing a link between local and

Read more