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Based on its recent analysis of the PXI instrumentation market, Frost & Sullivan recognizes Agilent Technologies with the 2014 Global Frost & Sullivan Award for Growth Excellence Leadership. The company's strategy of offering customer-centric, market-specific solutions, built upon its expanding modular product portfolio, has driven its success.
"Agilent Technologies' growth strategy in the PXI instrumentation market involved leveraging its competencies in radio frequency, microwave, and high-speed digital test into the modular test instrument space, where its competitors were early participants," said Frost & Sullivan Test & Measurement industry director Jessy Cavazos. "A crucial element of the company's PXI growth strategy has been its Reference Solutions, which combine hardware, software, and measurement expertise to deliver the essential components to jumpstart test system integration. Additionally, measurement consistency across its modular and box solutions eases this process."
To offer complete solutions, Agilent Technologies is building a global network of partners. Its open solution development environment enables flexible software and hardware integration with products from other companies.
These features of Agilent Technologies' PXI offering have fueled its growth over the past three years, increasing its market share from less than 5 percent in 2010 to 13.3 percent in 2013.
Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in capturing the highest annual compound growth rate for the past three years.
Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.