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The rapid growth of industrial technology has empowered end users to enhance efficiency and control costs. To stay competitive and increase industry shares, manufacturers must focus on improving output and offering better control through technology.?

The escalating focus on sustainability and carbon capture is reshaping industries, particularly in process industries and semiconductors. As Industry 4.0 advances, industrial automation is opening endless growth opportunities. In electronics and measurement, the adoption of pay-as-you-go services is on the rise, offering access to advanced technology without significant initial investments. This transition towards software and services-based models is essential for fostering sustainable growth within the industry.?

Is your organization prepared for the upcoming transformation?

The latest Frost and Sullivan Growth Opportunity Newsletter focusing on the industrial landscape will equip your team with strategies to transform and lead. The top growth opportunities in the newsletter cover:??

• Surging demand for high-speed wireless connectivity and advances in wireless technologies are boosting the Wi-Fi test equipment industry, poised for a 7.3% growth from 2023 to 2028.?
• Megatrends like computer vision, predictive analytics, and blockchain are empowering Farming 4.0 to meet the needs of an expected global population of 9 billion by 2050.?
• Precision machining remains a growth driver for machine tool measurement, despite economic uncertainties.?
• 6G, semiconductors, additive manufacturing, sustainability, and pay-as-you-go models will fuel growth in the electronics and measurement industry.??

The global industrial landscape is primed for growth driven by automation technologies and advances in the semiconductor industry. Is your business model adaptable to the emerging megatrends??

Companies are moving their industrial applications to the cloud—a cloud-based smart manufacturing platform strategy helps consolidate software systems and enables effective digital transformation. Smart manufacturing is growing rapidly with a focus on digital twins, robotics, and artificial intelligence while meeting the sustainability megatrend.??

In 2024, industrial automation and manufacturing industries will undergo transformative growth, driven by advanced technology amidst complex economic, geopolitical, and regulatory landscapes, alongside challenges like supply chain disruptions, and labor industry issues.?

• How effectively is your team leveraging the industrial metaverse for asset efficiency and product quality while reducing costs and increasing safety??
• Are you implementing data management best practices, such as adopting cloud-based industrial DataOps platforms??

Interestingly, AI, materials beyond silicon, and sustainability are driving the semiconductor industry.? Growth in silicon photonics, advanced packaging, and the emergence of compound semiconductors for high-performance and energy-efficient products that enable a greener world is a few megatrends in the semiconductor industry.?

Semiconductor automated test equipment (ATE) has evolved into strategic assets beyond quality assurance, facilitating cost reduction and quicker time-to-market in the value chain. However, engineers are grappling with the challenge of enhancing performance while minimizing power consumption and physical size, resulting in the continuous shrinkage of transistor sizes beyond sub-5nm nodes.?

• How do industry leaders like Intel, Samsung, TSMC, and Imec tackle this growth gap??
• How will the changing geopolitical landscape impact regional demand??
• What strategic imperatives help advance semiconductor technology while ensuring efficiency and reliability??
• How will the dynamics of the end-user industries change? How should ATE companies prepare??

Explore More Growth Opportunities:

Don’t miss out on our Transformational Journey section which provides thought leadership to execute key growth opportunities.

Growth Opportunities in Mechanical Test and Measurement, and Industrial Automation ?

Which growth strategies will equip your organization to drive expansion in test and measurement, process control?????

Accelerating Growth and Innovation in Radio Frequency Test Equipment in the 5G Era ?

What innovative strategies and growth initiatives is your company implementing to make a global impact??

This is a short version of Frost & Sullivan’s Growth Opportunity Newsletter. Sign up here to get the full edition in your inbox every month.