Global Modular Instruments Market 2020-2024
Technavio has been monitoring the modular instruments market and it is poised to grow by $ 708.36 mn during 2020-2024 progressing at a CAGR of 9% during the forecast period. Our reports on modular instruments market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growth in the communication sector in APAC and rise in exports of electronics from East Asian countries. In addition, growth in the communication sector in APAC is anticipated to boost the growth of the market as well.
The modular instruments market analysis includes product segment and geographic landscapes
Technavio's modular instruments market is segmented as below:
- PXI platform
- VXI platform
- AXIe platform
By Geographic Landscapes
- North America
- South America
This study identifies the expanding the aerospace and defense sector in developed economies as one of the prime reasons driving the modular instruments market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our modular instruments market covers the following areas:
- Modular instruments market sizing
- Modular instruments market forecast
- Modular instruments market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading modular instruments market vendors that include Astronics Corp., Chroma ATE Inc., Elma Electronic AG, Keysight Technologies Inc., National Instruments Corp., Rohde & Schwarz GmbH & Co. KG, Tektronix Inc., Teledyne LeCroy, Teradyne Inc., and Viavi Solutions Inc.. Also, the modular instruments market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.