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Modular Instruments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 149 pages | ID: M0B85670BD73EN
IMARC Group

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Market Overview:

The global modular instruments market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.3% during 2023-2028.

A modular instrument refers to the device used for the configuration of automated test and measurement (T&M) equipment. It consists of frames for connecting functional cards and accommodating input and output channels, along with VME standard, VXI standard, personal computer plug-ins and Compact PCI standard. The instrument uses a computer-user interface and require written test programs for accurate measurements. It also offers various benefits, such as higher channel count for data acquisition, efficiency in automated tests and an integrated space solution for the connection of multiple instruments. Owing to this, it finds extensive applications across various industries, including aerospace, defense, automotive, electronics, semiconductor, telecommunications, etc.

Significant growth in the electronics and semiconductor industries is one of the key factors driving the market. Modular instruments are used to test various components and devices at different stages of the manufacturing cycle and gauge the efficiency of the electronic system. Furthermore, developments in the 4G and 5G infrastructure across the globe is also providing a boost to the market growth. With the advancements in long-term evolution (LTE) systems, increased adoption of smart devices and substantial growth in mobile data traffic, there is a growing requirement for advanced modular instruments for the development of newer technologies, including LTE-A, 4G and 5G. There is also a widespread utilization of PXI-based devices, which is acting as another growth-inducing factor. It is an open and multi-vendor standard that ensures interoperability of modules and chassis from multiple vendors. Other factors, including increasing production of flexible electronics and the integration of connected devices with the Internet of Things (IoT), are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global modular instruments market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on platform type, application and vertical.

Breakup by Platform Type:

PXI
AXIe
VXI

Breakup by Application:

Research and Development
Manufacturing and Installation

Breakup by Vertical:

Aerospace and Defense
Automotive
Electronics and Semiconductor
Telecommunication
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa


Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being AMETEK, Inc., Astronics Corporation, Cobham Plc, Fortive Corporation, JDS Uniphase Corporation, Keysight Technologies, National Instruments Corporation, Pickering Interfaces Ltd., Premier Measurement Solutions Pvt Ltd., Rohde & Schwarz GmbH & Co KG, Scientech Technologies Pvt. Ltd., Teledyne LeCroy Inc., Teradyne, Inc., Viavi Solutions Inc. and Yokogawa Electric Corporation.

Key Questions Answered in This Report
1. What is the expected growth rate of the global modular instruments market?
2. What has been the impact of COVID-19 on the global modular instruments market?
3. What are the key factors driving the global modular instruments market?
4. What is the breakup of the global modular instruments market based on the platform type?
5. What is the breakup of the global modular instruments market based on the application?
6. What is the breakup of the global modular instruments market based on the vertical?
7. What are the key regions in the global modular instruments market?
8. Who are the key companies/players in the global modular instruments market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL MODULAR INSTRUMENTS MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY PLATFORM TYPE

6.1PXI
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2AXIe
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3VXI
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1Research and Development
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Manufacturing and Installation
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY VERTICAL

8.1Aerospace and Defense
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Automotive
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Electronics and Semiconductor
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Telecommunication
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2Asia Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

11.1Overview
11.2Inbound Logistics
11.3Operations
11.4Outbound Logistics
11.5Marketing and Sales
11.6Service

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1AMETEK, Inc.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2Astronics Corporation
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
  14.3.3Cobham Plc
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4Fortive Corporation
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5JDS Uniphase Corporation
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Keysight Technologies
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7National Instruments Corporation
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8 Pickering Interfaces Ltd.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
  14.3.9 Premier Measurement Solutions Pvt Ltd.
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10Rohde & Schwarz GmbH & Co KG
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
  14.3.11Scientech Technologies Pvt. Ltd.
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12Teledyne LeCroy Inc.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
  14.3.13Teradyne, Inc.
    14.3.13.1 Company Overview
    14.3.13.2 Product Portfolio
    14.3.13.3 Financials
    14.3.13.4 SWOT Analysis
  14.3.14Viavi Solutions Inc.
    14.3.14.1 Company Overview
    14.3.14.2 Product Portfolio
    14.3.14.3 Financials
  14.3.15Yokogawa Electric Corporation
    14.3.15.1 Company Overview
    14.3.15.2 Product Portfolio
    14.3.15.3 Financials
    14.3.15.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Modular Instruments Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Modular Instruments Market Forecast: Breakup by Platform Type (in Million US$), 2023-2028
Table 3: Global: Modular Instruments Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Modular Instruments Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 5: Global: Modular Instruments Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Modular Instruments Market: Competitive Structure
Table 7: Global: Modular Instruments Market: Key Players

LIST OF FIGURES

Figure 1: Global: Modular Instruments Market: Major Drivers and Challenges
Figure 2: Global: Modular Instruments Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Modular Instruments Market: Breakup by Platform Type (in %), 2022
Figure 4: Global: Modular Instruments Market: Breakup by Application (in %), 2022
Figure 5: Global: Modular Instruments Market: Breakup by Vertical (in %), 2022
Figure 6: Global: Modular Instruments Market: Breakup by Region (in %), 2022
Figure 7: Global: Modular Instruments Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Modular Instruments (PXI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Modular Instruments (PXI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Modular Instruments (AXIe) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Modular Instruments (AXIe) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Modular Instruments (VXI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Modular Instruments (VXI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Modular Instruments (Research and Development) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Modular Instruments (Research and Development) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Modular Instruments (Manufacturing and Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Modular Instruments (Manufacturing and Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Modular Instruments (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Modular Instruments (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Modular Instruments (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Modular Instruments (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Modular Instruments (Electronics and Semiconductor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Modular Instruments (Electronics and Semiconductor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Modular Instruments (Telecommunication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Modular Instruments (Telecommunication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Modular Instruments (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Modular Instruments (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia Pacific: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia Pacific: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Modular Instruments Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Modular Instruments Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Global: Modular Instruments Industry: SWOT Analysis
Figure 77: Global: Modular Instruments Industry: Value Chain Analysis
Figure 78: Global: Modular Instruments Industry: Porter’s Five Forces Analysis


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