Global Modular Instruments Market 2024-2028
The modular instruments market is forecasted to grow by USD 1499.3 mn during 2023-2028, accelerating at a CAGR of 11.74% during the forecast period. The report on the modular instruments market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in communication sector in APAC, expanding aerospace and defense sectors in developed economies, and rise in exports of electronics from east asian countries.
Technavio's modular instruments market is segmented as below:
By End-user
- Semiconductor and electronics
- Telecommunication
- Aerospace and defense
- Others
By Product
- PXI platform
- VXI platform
- AXIe platform
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the interoperability in t and m equipment as one of the prime reasons driving the modular instruments market growth during the next few years. Also, declining sales in automobile industry and emergence of 5g networks will lead to sizable demand in the market.
The report on the modular instruments market covers the following areas:
- Modular instruments market sizing
- Modular instruments market forecast
- Modular instruments market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading modular instruments market vendors that include ADLINK Technology Inc., AMETEK Inc., Aplab Ltd, Astronics Corp., Chroma ATE Inc., Coolisys Technology Inc., EXFO Inc., Fortive Corp., GOPEL electronic GmbH, Guzik Technical Enterprises, Keysight Technologies Inc., National Instruments Corp., Pickering Interfaces Ltd., Rohde and Schwarz GmbH and Co. KG, Sulzer Ltd., Teledyne Technologies Inc., Teradyne Inc., The Marvin Group, Viavi Solutions Inc., and Yokogawa Electric Corp.. Also, the modular instruments market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.