Modular Instruments Market

The global modular instruments market is currently witnessing strong growth. 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. Looking forward, IMARC Group expects the market to expand at a CAGR of around 8% during 2020-2025.

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 (VTI Instruments), Astronics Corporation, Cobham, Fortive Corporation, JDS Uniphase, Keysight Technologies, National Instruments, Pickering Interfaces, Premier Measurement Solution, Rohde & Schwarz, Scientech Technologies, Teledyne Lecroy, Teradyne, Viavi Solutions, Yokogawa Electric Co. Ltd. etc.

Key Questions Answered in This Report:

• How has the global modular instruments market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What is the breakup of the market based on the platform type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the vertical?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global modular instruments market and who are the key players?
• What is the degree of competition in the 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    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     Telecommunications
        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 Indicators
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Ametek
           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
           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
           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
           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
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
           14.3.8.3 Financials
        14.3.9    Premier Measurement Solution
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
        14.3.10    Rohde & Schwarz
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials
        14.3.11    Scientech Technologies
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
        14.3.12    Teledyne Lecroy
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
        14.3.13    Teradyne
           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
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio 
           14.3.14.3 Financials
        14.3.15    Yokogawa Electric            
           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 Figures

Figure 1: Global: Modular Instruments Market: Major Drivers and Challenges
Figure 2: Global: Modular Instruments Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Modular Instruments Market: Breakup by Platform Type (in %), 2019
Figure 4: Global: Modular Instruments Market: Breakup by Application (in %), 2019
Figure 5: Global: Modular Instruments Market: Breakup by Vertical (in %), 2019
Figure 6: Global: Modular Instruments Market: Breakup by Region (in %), 2019
Figure 7: Global: Modular Instruments Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Modular Instruments (PXI) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Modular Instruments (PXI) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Modular Instruments (AXIe) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Modular Instruments (AXIe) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Modular Instruments (VXI) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Modular Instruments (VXI) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Modular Instruments (Research and Development) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Modular Instruments (Research and Development) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Modular Instruments (Manufacturing and Installation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Modular Instruments (Manufacturing and Installation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Modular Instruments (Aerospace and Defense) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Modular Instruments (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Modular Instruments (Automotive) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Modular Instruments (Automotive) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Modular Instruments (Electronics and Semiconductor) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Modular Instruments (Electronics and Semiconductor) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Modular Instruments (Telecommunications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Modular Instruments (Telecommunications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Modular Instruments (Other Verticals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Modular Instruments (Other Verticals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: North America: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: North America: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: United States: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: United States: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Canada: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Canada: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Asia Pacific: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Asia Pacific: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: China: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: China: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Japan: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Japan: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: India: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: India: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: South Korea: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: South Korea: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Australia: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Australia: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Indonesia: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Indonesia: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Others: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Others: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Europe: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Europe: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Germany: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Germany: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: France: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: France: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: United Kingdom: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: United Kingdom: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Italy: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Italy: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Spain: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Spain: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Russia: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Russia: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Others: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Others: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Latin America: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Latin America: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Brazil: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Brazil: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Mexico: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Mexico: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Others: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Others: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Middle East and Africa: Modular Instruments Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Middle East and Africa: Modular Instruments Market Forecast: Sales Value (in Million US$), 2020-2025
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

List of Tables

Table 1: Global: Modular Instruments Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Modular Instruments Market Forecast: Breakup by Platform Type (in Million US$), 2020-2025
Table 3: Global: Modular Instruments Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Modular Instruments Market Forecast: Breakup by Vertical (in Million US$), 2020-2025
Table 5: Global: Modular Instruments Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Modular Instruments Market: Competitive Structure
Table 7: Global: Modular Instruments Market: Key Players