Study: Big Data, Predictive Analytics make test systems smart

Business news |
By Christoph Hammerschmidt

According to a recent Frost & Sullivan study, the value of the IIoT in measurement and testing technology will rise to $104.8 million in 2022 and exhibit an average annual growth rate of 6.7%. The study examines market dynamics, trends, market-driving and inhibiting factors and describes megatrends and implications regarding the convergence of different industries as well as business opportunities in vertical end-user industries. It also contains detailed profiles of key market players in the field of test and measurement, such as National Instruments, Fluke, Keysight and Rohde & Schwarz.

At present, OEMs are cautious about the introduction of IIoT technology because of concerns about safety issues and limited market access, “says Frost & Sullivan Measurement & Instrumentation Research analyst Anisha Nikash Dumbre. “But by 2020, many test systems based on IIoT will be put into operation to serve different services and sectors in the industrial ecosystem.”

By 2025, the next generation of measurement and testing systems will be built on the capabilities of their predecessor systems to deliver advanced testing capabilities and results. The competition will result in cheaper software-as-a-service (SaaS) models and ultimately lead to more than 80 percent of all vendors including this technology in their test systems. The integration of modular form factor testing capabilities will also drive growth opportunities in this sector. 

Important strategic steps for the success of market participants and growth in the market include: 

  • The acceptance of transformative changes by the IIoT and the possibility of improved test methods such as Big Data, predictive analytics or automation for customers;
  • Integration of test capacity integration and anticipation of changing system requirements;
  • acceptance of faster and more precise test methods with modular form and remote control for more cost-effective test systems; and
  • The use of data analysis for higher accuracy and the possibility of significant cost savings for the customer.

In the future, the focus will be on achieving zero-defect quality in products, which is why the demand for smart test systems will increase, the study predicts. “This avoids scrap or rework and thus prevents loss of revenue, “says Dumbre. Against this background, there will be a strong focus on the R&D stage of the equipment. The continuous testing of the devices and the IIoT technology becomes the most important pillar in achieving zero-defect quality “.

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