Frost & Sullivan assesses impact of autonomous cars and EVs on test & measurement market
ADAS testing is estimated to experience the most growth, totaling $659.9 million by 2025
SANTA CLARA, Calif., May 5, 2020 /PRNewswire/ — As the global automotive industry experiences a slump in sales from traditional automobiles, the sector is focusing on the development of autonomous cars and electric vehicles (EV), which present immense opportunities for the test and measurement industry. Frost & Sullivan’s recent analysis, Autonomous Car and Electric Vehicle Growth Opportunities in the Test and Measurement Market, Forecast to 2025, finds that if solutions offered by pure-play test & measurement OEMs and third party testing and certification service providers are combined, the global autonomous car and EV test and measurement market is estimated to generate revenues of $1.6 billion by 2025, up from $1.2 billion in 2019.