Test and measurement devices market to grow at 11% a year, Agilent retains leadership

In the aftermath of the telecommunications market collapse, equipment, software, and service providers are rededicated to test and measurement solutions that will ensure availability and reliability for the entire network life cycle. This renewed commitment will result in worldwide test and measurement revenues growing to $6.7 bln in 2008, an 11% compound annual growth rate (CAGR) from 2003-2008, according to IDC. Test and measurement players are under tremendous pressure to deliver tools based on open standards. Through the first half of 2004, Agilent remains the market leader with 36.6% market share. The research and development (R&D) market feeds the network lifecycle and supports a long-term revenue stream for network test and measurement vendors. Today’s network test and measurement market is made up of 25-30 vendors. Emerging areas for wireless test include wireless LAN, WiMax, consumer devices, and RFID.