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Modular Instruments Market by Platform Type, Application, Vertical And Geography - Global Forecast to 2023

Modular Instruments Market: Global Forecast until 2023

  • September 2018
  • 145 pages
  • ID: 5501527
In this report:
The global market for VXI-based modular instruments for the automotive and transportation is expected to decline at a negative CAGR of (##.##%) during the forecast period, deflating the valuation from USD ##.## million in 2017 to USD ##.## million by 2023.
The global market for VXI-based modular instruments for the electronics and semiconductor vertical is expected to decline at a negative CAGR of (##.##%) during the forecast period, deflating the valuation from USD ##.## million in 2017 to USD ##.## million by 2023.

Summary

Table of Contents

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The modular instruments market is anticipated to grow at a CAGR (Compound annual growth rate) of 9.60 percent from 2018 to 2023.

The modular instruments market is forecasted to grow from ~$1.3B in 2018 to ~$2.1B by 2023, at a compound annual growth rate (CAGR) of 9.60 percent between 2018 and 2023. The rise of the modular instruments market is influenced by increased R&D spending; benefits including low cost, modularity, compact size, rised throughput, flexibility, and extended lifetime provided by modular instruments. Expanded demand for the deployment of LTE from the telecommunications market is boosting the adoption of modular instruments. One of the main challenges faced by competitors in the industry is the dominance of a few big firms, which truncates increase potential for smaller vendors. Increased penetration of rental and leasing services is a main restraining factor for the sector.

PXI-based modular instruments to have main share in the industry during projection period.

PXI is an open, multi-vendor standard governed by the PXI systems alliance that ensures interoperability of modules and chassis from various vendors.This platform is based on PCI, and hence, it inherently brings the advantages of reduced cost, improved performance, and a mainstream software model to end users.

The need for a modern computer-based modular architecture that can integrate traditional measurement capabilities with machine vision, motion control, and automation has resulted in the fast adoption of PXI as an industry standard. Firms that provide PXI-based modular instruments are National Instruments, Keysight Technologies, Teradyne, Rohde&Schwarz, Viavi Solutions, Fortive, and Teledyne Lecroy.

The sector for telecommunications vertical is anticipated to grow at the highest CAGR (Compound annual growth rate) amongst all verticals during the estimate period.

The modular instruments market for telecommunications vertical is anticipated to register the highest compound annual growth rate (CAGR) during the outlook period.Given the rise of and demand for telecommunications, it is exigent that the underlying infrastructure is rejigged to handle increased load and buttress newer technologies including LTE, LTE-A, 4G, and 5G.

Widespread demand for wireless technologies is currently driving the industry for the telecommunications industry.The sector is anticipated to grow substantially during the forecast period with the growing subscriber base for distinct advanced technologies, including WiMax, 3G, 4G, LTE, LTE-A, and 5G.

Some of the leading vendors providing modular instruments for RF and wireless testing applications are National Instruments, Keysight Technologies, Teradyne, Rohde & Schwarz, and Fortive among others.

North America (NA) to hold the most important share of the modular instruments market during the estimate period.

North America continent is forecasted to account for biggest share of the modular instruments market during the outlook period.North America (NA) commands the biggest share owing to demands from telecommunications and aerospace & defense markets.

Moreover, the shift toward connected cars and intelligent transportation systems together with an rising demand from the electronics & semiconductor market is predicted to push the modular instruments market in the territory.

In the process of finding out and checking the market value for various segments and sub-segments, extensive primary audit sessions have been managed with main experts. Following is the breakup of the profile of primary members taking part:

• By Company category: Tier 1 = 20.0 percent, Tier 2 = 25.0 percent, and Tier 3 = 55.0 percent

• By Description: C-suite executives = 30.0 percent, Directors = 45.0 percent, and Others = 25.0 percent

• By Area: North America continent = 40.0 percent, Europe (EU) = 35.0 percent, Asia-Pac = 20.0 percent, and RoW=5%

This industry report offers valuable insights on the ecosystem of the modular instruments market. Keysight Technologies, National Instruments, Fortive Corporation, Viavi Solutions, Astronics Corporation, Teledyne Technologies, Rohde & Schwarz, Ametek, Teradyne, and Pickering Interfaces are some of the leading actors in the modular instruments market.

Some of the other prominent actors in the industry contain Giga-tronics, Elma Electronic, Asis Pro, Guzik technical Enterprises, Test Evolution Corporation, Adlink Technology, Chroma ATE, GOEPEL Electronic, Marvin Test Solutions, and Bustec.

Segment Research

The study estimates the market value and future increase potential of the modular instruments market across various segments including platform type, application, vertical, and geographies. The analysis also comprises market trends and dynamics and competitive analyses of the top actors in the sector, together with their company descriptions and latest developments.

Main highlights

The market research will facilitate actors/new sector entrants in this sector in these ways:

• This document breaks down the modular instruments market comprehensively and offers the closest market sizes for platform types across several verticals and geographies; applications across various geographies; and verticals across distinct geographies.

• The report benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

• this business report would benefit partners to better find out their players and obtain additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape and main developments including product launches and advancements, mergers and acquisitions, alliances, strategic agreements, collaborations, and recent evolutions in the modular instruments market.

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