Modular Instruments Market Report by Platform Type (PXI, AXIe, VXI), Application (Research and Development, Manufacturing and Installation), Vertical (Aerospace and Defense, Automotive, Electronics and Semiconductor, Telecommunication, and Others), and Region 2024-2032
The global modular instruments market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2032, exhibiting a growth rate (CAGR) of 8% during 2024-2032.
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 2024-2032. 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?
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 2024-2032. 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
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL MODULAR INSTRUMENTS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY PLATFORM TYPE
6.1 PXI
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 AXIe
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 VXI
6.3.1 Market Trends
6.3.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1 Research and Development
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Manufacturing and Installation
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY VERTICAL
8.1 Aerospace and Defense
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive
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
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 MARKET BREAKUP BY REGION
9.1 North 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
9.2 Asia 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
9.3 Europe
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
9.4 Latin 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
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
11.1 Overview
11.2 Inbound Logistics
11.3 Operations
11.4 Outbound Logistics
11.5 Marketing and Sales
11.6 Service
12 PORTERS FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AMETEK, Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Astronics Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Cobham Plc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Fortive Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 JDS 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
14.3.7 National 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
14.3.10 Rohde & Schwarz GmbH & Co KG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 Scientech Technologies Pvt. Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Teledyne LeCroy Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Teradyne, Inc.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
14.3.14 Viavi Solutions Inc.
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.15 Yokogawa 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
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL MODULAR INSTRUMENTS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY PLATFORM TYPE
6.1 PXI
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 AXIe
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 VXI
6.3.1 Market Trends
6.3.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1 Research and Development
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Manufacturing and Installation
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY VERTICAL
8.1 Aerospace and Defense
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive
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
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 MARKET BREAKUP BY REGION
9.1 North 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
9.2 Asia 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
9.3 Europe
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
9.4 Latin 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
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
11.1 Overview
11.2 Inbound Logistics
11.3 Operations
11.4 Outbound Logistics
11.5 Marketing and Sales
11.6 Service
12 PORTERS FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AMETEK, Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Astronics Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Cobham Plc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Fortive Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 JDS 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
14.3.7 National 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
14.3.10 Rohde & Schwarz GmbH & Co KG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 Scientech Technologies Pvt. Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Teledyne LeCroy Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Teradyne, Inc.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
14.3.14 Viavi Solutions Inc.
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.15 Yokogawa 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
