Global Modular Test Equipment Growth Opportunities

Global Modular Test Equipment Growth Opportunities

Increased Demand from the Electric Vehicle and Semiconductor Segments will Enhance Future Growth Potential

Modular test equipment is witnessing growth in demand across different industries, particularly automotive & transportation, aerospace & defense, and communications. Environmental concerns and the need for more scalable and advanced solutions are leading to the development of new technology across sectors, giving rise to the need for accurate and efficient testing equipment. Modular instruments combine the functionality of many benchtop instruments, including digitizers, signal generators, input/output (I/O) devices, digital multimeters, and more. They also connect customized software and various hardware components for customers to include different measurement points.

The study considers test equipment defined by the following testing and measurement standards:
• VME eXtensions for Instrumentation (VXI)
• PCI eXtensions for Instrumentation (PXI)
• AdvancedTCA eXtensions for Instrumentation and Test (AXIe)

This study offers relevant forecasts and analyses for the modular test equipment industry by product, region, and industry vertical, and for each industry segment by industry vertical and region. The study identifies the factors driving and restraining this industry and highlights the growth opportunities emerging from the shifts in this space for market players and stakeholders to leverage. The base year is 2023, and the forecast period is from 2024 to 2030.