The Global Modular Instruments Market is expected to reach USD 2.51 billion by 2025, growing at a CAGR of 9.5% during the forecast period of 2019 to 2025.
Modular instruments are devices that are utilized for the configuration of automated test and measurement (T&M) equipment. Communication T&M solutions are being adopted globally by various end-users leading to high growth of modular instruments market. Electronics manufacturing is a highly competitive industry with challenging standards for reliability and performance. This subsequently drives the need for testing these components and devices at different stages of the manufacturing cycle, which paves way for plenty opportunities for the modular instruments market.
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Major Key players profiled in this report are:
Keysight Technologies, National Instruments, Rohde & Schwarz India Pvt Ltd., VIAVI Solutions Inc., Fortive, AMETEK.Inc, Teradyne Inc., Giga-tronics Incorporated, ANRITSU Group, Yokogawa Electric Corporation, Cobham Plc., EXFO Inc., Aplab Limited, Scientech Technologies Pvt. Ltd., Lumentum Holdings Inc., Astronics Corporation, ADLINK Technology Inc., Premier Measurement Solutions Pvt Ltd., Qmax Test Equipments Pvt Ltd., Tektronix Inc. , and Ixia among others.
Major Market Drivers:
- Growing Internet of Things and rapid adaption of subsequent based devices.
- Increasing R&D spend and development
- Low cost advantage of modular instruments.
- Increasing demand from telecommunications.
- Penetrating Real State and associated services.
- Market entry difficult for small players as few large players dominate the market.
Modular Instruments Market research report also explains an in depth description, competitive scenario, wide product portfolio of key vendors and their business strategies with the help of SWOT analysis and porter’s five force analysis. The market drivers and restraints have been explained here using SWOT analysis. The statistics are indicated in graphical format in the report for a clear understanding of facts and figures. The report entails a variety of steps for gathering, recording and analysing data. This report assesses the potential market for a new product to be introduced in the market.
- The global modular instruments market is segmented based on platform type, application, industry verticals, and geographical segments.
- Based on the platform type, the market is further segmented into PXI, AXIe, VXI.
- Based on application, the market is further segmented into R&D, manufacturing & installation.
- Based on industry vertical, the market is further segmented into aerospace & defence, automotive, electronics & semiconductors, and telecommunication.
- Based on geography the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and Brazil among others.
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