About modular instruments market
Modular instruments are devices that are used for the configuration of automated T&M equipment. They deliver open-software-defined solutions that offer more flexibility to users in terms of customizing their measurements and interfaces according to their needs. T&M equipment is used for the design, development, verification, maintenance, and repair of various electronic and mechanical products. Some of the electronic products that use T&M equipment are cell phones, semiconductors, digital cameras, MP3 players, and solar inverters. Some of the mechanical products that use T&M equipment are turbines, automotive suspensions, and aircraft propulsion systems. Automated T&M equipment enhances the efficiency, reliability, and accuracy of electronic/mechanical products under focus.
Technavio’s analysts forecast the global modular instruments market to grow at a CAGR of 8.36% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global modular instruments market for 2016-2020. To calculate the market size, the report considers the revenue generated from the modular instruments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Modular Instruments Market 2016-2020
Technavio recognizes the following companies as the key players in the global modular instruments market: Cobham, Keysight Technologies, National Instruments, and Rohde & Schwarz
Other Prominent Vendors in the market are: Anritsu, Aplab Limited, EXFO, Fastech Telecommunications, Ixia, JDS Uniphase, Qmax Test Equipments, Premier Measurement Solution, Scientech Technologies, SPX, TEKTRONIX, and Yokogawa Electric
Commenting on the report, an analyst from Technavio’s team said: “End-users of T&M equipment are facing problems due to incompatibility between products that are meant to work together but do not. This problem is becoming a challenge for vendors of T&M equipment, as it results in the loss of potential customers. Therefore, it has become a standard procedure for vendors to conduct the interoperability test to ensure compatibility with different products. Interoperability is expected to happen shortly, where vendors are expected to manufacture a product based on certain specified standards.”
According to the report, the global aerospace and defense sector is expected to witness growth during the forecast period. Technavio expects the industry to grow by 3.12% in 2016. During the past few years, the global aerospace and defense industry witnessed a continuous decline in revenue growth, which registered 3.1% in 2013, 1.89% in 2014, and 0.61% in 2015.
Further, the report states that rapid growth in radio frequencies (RF) and circuits have increased the need for developing efficient modular test equipment. However, vendors are unable to design the radio circuits of test equipment. RF testing is an essential element in the development and manufacture of any system containing RF circuits.
Cobham, Keysight Technologies, National Instruments, Rohde & Schwarz, Anritsu, Aplab Limited, EXFO, Fastech Telecommunications, Ixia, JDS Uniphase, Qmax Test Equipments, Premier Measurement Solution, Scientech Technologies, SPX, TEKTRONIX, Yokogawa Electric.
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