Global Modular Instrument market 2015-2019
About Modular Instruments
Modular instruments are used in configuring automated test and measurement equipment. They deliver open software-defined solutions that offer flexibility in terms of customizing measurement and interface. Test and measurement equipment are used in designing, developing, verifying, maintaining, and repairing various electronic and mechanical products. Cellphones, semiconductors, digital cameras, MP3 players, and solar inverters are some of the electronic products that use modular instruments. Some of the mechanical products that use test and measurement equipment are turbines, automotive suspensions, and aircraft propulsion systems. Modular instruments used to enhance efficiency, reliability, and accuracy of electronic/mechanical products.
TechNavio's analysts forecast the Global Modular Instrument market to grow at a CAGR of 12.45 percent over the period 2014-2019.
Covered in this Report
The Global Modular Instrument market considers three major products for revenue generation: PXI, VXI, and AXIE.
TechNavio's report, Global Modular Instrument Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Modular Instrument Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Modular Instrument Market: Aeroflex Inc., Agilent Technologies Inc., Astronics Corp. and National Instruments Corp.
Other Prominent Vendors in the market are: Giga-tronics, Guzik Technical Enterprises, Phase Matrix, Rohde & Schwarz, Tabor Electronics, United Electronic Industries and VTI Instruments.
Commenting on the report, an analyst from TechNavio’s team said: “The increase in the penetration of PXI platform-based modular instruments in the Military and Defense, and Telecom industries is one the major trends in the Global Modular Instrument market. PXI platform-based modular instruments can easily integrate the traditional measurement capabilities with automation, machine control, and machine vision.”
According to the report, one of the main drivers of the market is the increased need for cost-effective automated test equipment. Many organizations worldwide prefer modular instruments compared to traditional instruments because of operational advantages.
Further, the report states that one of the main challenges in this market is the lack of effective product differentiation. The presence of several international, regional, and local vendors offering similar products has led to intense competition.Aeroflex , Agilent Technologies , Astronics , National Instruments , Giga-tronics, Guzik Technical Enterprises, Phase Matrix, Rohde & Schwarz, Tabor Electronics, United Electronic Industries, VTI Instruments
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