Domestic demand in T&M market rises over past 18 months: F&S

- Advertisement -

By EB Bureau

A Frost & Sullivan (F&S) study of the Indian T&M market shows that domestic demand has risen over the past 18 months, to make the T&M market realise opportunities from every sector in India. The Indian T&M market has been driven by global and domestic demand.

- Advertisement -

According to Frost & Sullivan’s research, the major trends that will drive the T&M industry in India are urbanisation leading to smart cities and smart infrastructure, reverse brain drain and CXO positions in developing economies, smart clouds (the next trend in cloud computing), robots, wireless intelligence, future broadband applications, future global power generation, etc.

To address the trends, several T&M vendors have taken up software defined instrumentation, which is a significant development in T&M. Frost & Sullivan observes that the open, modular architecture of software defined instruments, such as those in PXI, have proven beneficial to a wide range of industries. As a result, PXI revenue in measurement and automation is expected to grow at a compound annual growth rate (CAGR) of 17.6 per cent through to 2014. The performance delivered by the PXI platform has successfully addressed areas such as RF applications in radar testing, mobile phone testing, and other wireless applications that were previously impossible to address with other instrumentation techniques.

According to Aravind Sheshagiri, business unit leader, measurement and instrumentation, South Asia & Middle East, Frost & Sullivan, “Software defined instruments, also known as virtual instruments, consist of modular hardware and user defined software. This gives engineers the ability and flexibility to combine standard and user defined measurements with custom data processing using common hardware components. This important feature has become extremely critical since next generation electronic devices like 3G and 4G smartphones adopt different communications standards.”

With all these trends and developments, the T&M market in India is all set to boom. There are areas of interest for every player in the market, and the global as well as domestic demand for T&M devices and instrumentation is set to grow significantly in the coming years.

————————————————————————————–

Projected Indian T&M market size in 2013

Rs in
millions
CAGR (%)

(2010–2013)

General purpose test equipment market 9500 12
Fibre optic test equipment market 800 9
Wireless communications test
equipment market
860.02 26
Lab analytical instrumentation market 25400 24.8
- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Growth Opportunities Connected With The Growing Semicon EcoSystem In India

0
India must concentrate on electronics products and semiconductor components, as progress in one area reinforces the other. The country can unlock immense economic opportunities...

“Don’t Let Designations Become A Wild Goose Chase”

0
In his childhood, he possessed just one sweater, meant to last through many winters. He could not join IIT Roorkee because the cost of...

“Capitalise On ‘China Plus Two,’ Where Products With Higher Value Addition Become The Focus”

0
EPIC Foundation aims to transform India into an electronics hardware product nation by collaborating with governments, universities, design houses, and startups. In a conversation...

Buzz

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Chargeup’s Goal: 25,000 Drivers In 17 Cities By 2025, Prioritizing Smaller Cities

0
Chargeup, the forefront battery financing and comprehensive EV asset management platform in India, is on a mission to integrate 100,000 drivers within the upcoming...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Important Sectors

Exploring India’s Limited Selection: Just Six Robust Hybrids Priced Under ₹ 5 Million

0
As the United States passenger car market embraces hybrid vehicles, India’s car market is teeming with benefits and convenience for consumers. Yet, within the...

Top 10 Selling Electric Cars In The World

0
In the list of top 10 selling electric cars in the world, it seems to be a tight race between China’s BYD and the...

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Ford Investes In Expanding EV Software Capabilities At Chennai Hub

0
Ford Business Solutions India, presently with a staff of 12,000, is poised to expand by an additional 3,000 employees. Ford, recognized for its efforts...

Manufacturing

Honda plans major EV factory construction in Canada,

0
Honda's dedication to this facility reflects its wider ecological objectives, which include a target to only offer zero-emission vehicles by 2040 and to attain...
Sona Comstar

Sona Comstar Launches Mexico Plant For North American EV Demand

0
The new facility, established to address the increasing demand for premium driveline solutions for BEVs in North America, will focus on manufacturing differential assemblies...

Sterling Tools Inks MoU With Yongin For EV Components Facility

0
Sterling Tools announced that this strategic partnership is anticipated to bring in Rs 250 crore in business over the next five years. This collaboration...

Tata Elxsi-Renesas MCU Boosts EV Cost Efficiency And Market Speed

0
The Motor Control Unit's modular, scalable design facilitates integration across various EV applications, reducing time to market by 40%, lowering design and development costs...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...