Global Modular Instruments Market Size, Share & Trends Analysis Report By Application, By Platform (PXI, AXIe, and VXI), By End Use, By Regional Outlook and Forecast, 2024 - 2031

Global Modular Instruments Market Size, Share & Trends Analysis Report By Application, By Platform (PXI, AXIe, and VXI), By End Use, By Regional Outlook and Forecast, 2024 - 2031

The Global Modular Instruments Market size is expected to reach $4.38 billion by 2031, rising at a market growth of 9.2% CAGR during the forecast period.

The rapid deployment of 5G networks, AI-driven industrial automation, and IoT-enabled smart infrastructure has further accelerated the adoption of software-defined modular test solutions. Additionally, government investments in aerospace, defense modernization, and advanced semiconductor research—particularly through organizations like the U.S. Department of Defense and NASA—have fueled demand for modular test systems for avionics, satellite communication, and radar technology. Thus, the North America segment procured 35% revenue share in the market in 2023. The region’s telecommunications, aerospace & defense, and semiconductor manufacturing leadership has significantly contributed to the demand for modular instruments for high-precision testing, automated diagnostics, and real-time monitoring.

The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In October, 2024, Keysight Technologies, Inc. introduces the 4881HV High-Voltage Wafer Test System, enhancing productivity for power semiconductor manufacturers. It enables efficient one-pass testing up to 3kV, integrating both high- and low-voltage measurements. The system improves process control, reduces testing time, and ensures safety and reliability, meeting the growing demand for advanced semiconductors. Additionally, In October, 2024, Pickering Interfaces Limited launched an updated version of its Microwave Switch Design Tool (MSDT), a free online tool that simplifies RF and microwave subsystem design. It allows users to create schematic diagrams, simulate RF performance, and generate mechanical layouts, optimizing test systems for various industrial sectors without needing software installation.

Based on the Analysis presented in the KBV Cardinal matrix; Emerson Electric Co. and Ametek, Inc. are the forerunners in the Modular Instruments Market. Companies such as Keysight Technologies, Inc., Teledyne Technologies Incorporated, and Fortive Corporation are some of the key innovators in Modular Instruments Market. In September, 2024, Ametek, Inc. unveiled precision AC and DC programmable power supplies, electronic loads, and test solutions under the Sorensen, Elgar, and California Instruments brands. VTI Instruments, a subsidiary, provides modular instrumentation for signal distribution, acquisition, and monitoring, serving aerospace, defense, and R&D applications.

Market Growth Factors

One of the primary advantages of modular instruments is their ability to evolve alongside technological advancements. Traditional testing equipment often becomes obsolete as industry standards change or new technologies emerge, forcing companies to invest in entirely new systems. Hence, the growing need for flexible and scalable solutions drives the increased adoption of modular instruments across multiple sectors.

Additionally, the push for miniaturization and high-density packaging in semiconductor design has made testing even more complex. Advanced RF, high-frequency, and mixed-signal devices require specialized testing solutions that modular instruments can provide. Therefore, as the demand for consumer electronics, IoT devices, automotive electronics, and AI-driven applications continues to grow, the need for modular instruments will grow.

Market Restraining Factors

The adoption of modular instruments is significantly hindered by high initial investment costs, making it difficult for many businesses, especially small and medium-sized enterprises (SMEs), to transition from traditional benchtop instruments. Modular systems require a substantial upfront expenditure on hardware, software, and integration, as they are designed for scalability and flexibility to cater to diverse testing requirements. Hence, these factors may hamper the expansion of the market.

Application Outlook

Based on application, the market is bifurcated into research & development and manufacturing & installation. The research and development (R&D) segment garnered 55% revenue share in the market in 2023. This segment is predominantly influenced by the increasing demand for high-precision testing, expedited prototyping, and technological advancements within the telecommunications, aerospace, automotive, and semiconductor industries.

Platform Outlook

On the basis of platform, the market is classified into PXI, AXIe, and VXI. The AXIe segment recorded 26% revenue share in the market in 2023. The AXIe (AdvancedTCA Extensions for Instrumentation) segment is primarily driven by its high-performance computing capabilities, superior bandwidth, and ability to handle complex multi-channel test applications.

End Use Outlook

By end-use, the market is divided into telecommunications, aerospace & defense, automotive & transportation, electronics & semiconductor, and others. The telecommunications segment witnessed 26% revenue share in the market in 2023. The need for high-precision RF and microwave testing solutions has grown significantly, with telecom companies expanding fiber-optic infrastructure and advanced wireless communication systems.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment acquired 28% revenue share in the market in 2023. The proliferation of 5G networks, the increasing demand for consumer electronics, and the emergence of electric vehicles (EVs) alongside autonomous driving technologies have compelled industries to allocate investments towards high-speed, software-defined testing apparatus.

Recent Strategies Deployed in the Market

• Aug-2024: Astronics Corporation unveiled the ATS-500 High-Power Test System offers a flexible, modular solution for testing various rail car power electronics, including inverters, converters, and propulsion systems. Designed for efficiency and safety, it consolidates multiple vendor testing needs, reduces costs, maximizes space, and supports upgrades with industry-standard instrumentation and dedicated engineering support.
• May-2024: Viavi Solutions, Inc. partnered with Rohde & Schwarz to deliver advanced wireless lab test solutions for 3GPP, O-RAN, and NTN standards. Their innovative testbeds enhance O-RAN energy efficiency, scalability, and NTN performance testing, combining market-leading products for compact, efficient solutions addressing critical industry needs in wireless communication and satellite networks.
• May-2024: Rohde & Schwarz GmbH & Co. KG teamed up with VIAVI Solutions to address critical wireless lab test solutions for Open RAN and Non-Terrestrial Networks (NTN). Their collaboration includes automated testbeds for energy efficiency, scalable solutions for O-RAN radios, and an NTN digital twin testbed for comprehensive performance validation across satellite networks.
• Mar-2024: Fluke Corporation, a Fortive subsidiary, launched the PVA-1500 I-V curve tracer for utility-scale solar testing. It offers fast, precise measurements, intuitive operation, and seamless workflows. Designed for high efficiency 1500V panels, it enhances performance, reliability, and ROI. The tool builds on Fluke’s expertise and Solmetric’s PV Analyzer advancements post-acquisition.
• Sep-2023: Keysight Technologies, Inc. introduces the N5186A MXG, a compact 4-channel vector signal generator offering up to 8.5 GHz signals with 960 MHz modulation bandwidth. Featuring an embedded reflectometer, it simplifies setups, delivers precise, low-noise signals, and supports complex modulation schemes for wireless and radar applications, enabling faster, more accurate testing in a 2U design.

List of Key Companies Profiled

• Keysight Technologies, Inc.
• Emerson Electric Co.
• Fortive Corporation (Fluke Corporation)
• Viavi Solutions, Inc.
• Astronics Corporation
• Teledyne Technologies Incorporated
• Rohde & Schwarz GmbH & Co. KG
• Ametek, Inc.
• Teradyne, Inc.
• Pickering Interfaces Limited

Global Modular Instruments Market Report Segmentation

By Application

• Research & Development
• Manufacturing & Installation

By Platform

• PXI
• AXIe
• VXI

By End Use

• Telecommunications
• Aerospace & Defense
• Automotive & Transportation
• Electronics & Semiconductor
• Other End Use

By Geography

• North America

o US

Canada

Mexico

Rest of North America

• Europe

o Germany

UK

France

Russia

Spain

Italy

Rest of Europe

• Asia Pacific

o China

Japan

India

South Korea

Australia

Malaysia

Rest of Asia Pacific

• LAMEA

o Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA