Press Releases
 
Modular Instruments Market worth $2.11 billion by 2023

Modular Instruments Market by Platform Type PXI, AXIe, VXI - 2023 | MarketsandMarkets

United States, 7 September 2018 -- [144 Pages Report] Modular Instruments Market categorizes global market by Technology (CMOS, CCD), Processing Type (2D, and 3D), Spectrum (Visible, and Non- Visible), Array Type (Linear, and Area), Vertical (Automotive, Consumer Electronics, Industrial), and Geography.

According to the new market research report on "Modular Instruments Market by Platform Type (PXI, AXIe, VXI), Application (R&D, Manufacturing & Installation), Vertical (Telecommunications, Aerospace & Defense, Automotive, Electronics & Semiconductor), and Geography - Global Forecast to 2023", The global modular instruments market is expected to grow from USD 1.33 billion in 2018 to USD 2.11 billion by 2023, at a CAGR of 9.6% from 2018 to 2023. The growth of the market is driven by increased R&D spending; benefits such as low cost, modularity, compact size, increased throughput, flexibility, and extended lifetime offered by modular instruments. Increased demand for the deployment of LTE from the telecommunications sector is boosting the adoption of modular instruments. Additionally, end users are now motivated to adopt modular instruments in 5G R&D activities; growth of IoT and rapid adoption of IoT devices present tremendous opportunities for the modular instruments market to thrive in the coming years.

Browse 66 market data Tables and 49 Figures spread through 144 Pages and in-depth TOC on "Modular Instruments Market”.

https://www.marketsandmarkets.com/Market-Reports/modular-instrument-market-69328454.html

Early buyers will receive 10% customization on this report.

PXI-based modular instruments to hold the largest share of the modular instruments market during the forecast period

PXI is an open, multi-vendor standard governed by the PXI Systems Alliance that ensures interoperability of modules and chassis from different vendors. This platform is based on PCI, and hence, it inherently brings the advantages of reduced cost, improved performance, and a mainstream software model to end users. The need for a modern computer-based modular architecture that can integrate traditional measurement capabilities with machine vision, motion control, and automation has resulted in the quick adoption of PXI as an industry standard. Some of the major companies that provide PXI-based modular instruments are National Instruments, Keysight Technologies, Teradyne, Rohde&Schwarz, Viavi Solutions, Fortive, and Teledyne Lecroy.

R&D applications to fuel the growth of modular instruments market during the forecast period

The market for R&D applications is expected to grow at a higher CAGR than manufacturing & installation applications during the forecast period. Increasing research on the 5G technology is a major factor fueling the demand for modular instruments in R&D applications. Modular instruments are used in R&D applications in aerospace & defense, telecommunications, and automotive & transportation verticals.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=69328454

Telecommunications vertical to account for the largest share of the modular instruments market during the forecast period

The large share of the telecommunications vertical in the modular instruments market is attributed to the ongoing developments in technology. In addition, widespread demand for wireless technologies is currently driving the market for the telecommunications sector. The market is expected to grow substantially during the forecast period with the increasing subscriber base for different advanced technologies, such as WiMax, 3G, 4G, LTE, LTE-A, and 5G.

The market in Asia Pacific is projected to be the fastest-growing during the forecast period

With 3 of the top 10 largest economies in the world China, India, and Japan the Asia Pacific region presents a high potential for the growth of the market. The market in Asia Pacific is expected to grow at the highest CAGR globally during the forecast period. Presence of large electronics and semiconductor manufacturing facilities acts as impetus for the modular instruments market in the region. Furthermore, increasing penetration of wireless communication standards is boosting these instruments’ demand in the telecommunications sector in Asia Pacific.

Keysight Technologies (US), National Instruments (US), Fortive Corporation (US), Viavi Solutions (US), Astronics Corporation (US), Teledyne Technologies (US) (Teledyne Lecroy (Germany)), Rohde & Schwarz (Germany), Ametek (VTI Instruments) (US), Teradyne (US), and Pickering Interfaces (UK) are some of the leading players in the modular instruments market.

Some of the other prominent players in the market include Giga-tronics (US), Elma Electronic (Switzerland), Asis Pro (Israel), Guzik technical Enterprises (US), Test Evolution Corporation (US), Adlink Technology (Taiwan), Chroma ATE (Taiwan), GOEPEL Electronic (Germany), Marvin Test Solutions (US), and Bustec (UK).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441


# # #


Document Attached Image Attached Download file at: 60062
(Right click and save file to download.)

Submitted by stevestark002 on Friday, 7 September 2018 at 3:14 PM
Category: Consumer Technology
 
Related News

Industrial Internet of Things Market Size | IIoT Industry Report, 2023
Friday, 18 Jan 2019

WITHit Celebrates 5 Years of Making Products that Make Electronic Devices Better
Friday, 18 Jan 2019

Gas Sensors Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets
Friday, 18 Jan 2019

Automotive Artificial Intelligence Market worth 10,573.3 Million USD by 2025
Friday, 18 Jan 2019

Rugged FAN6500X Buck Regulators from ON Semiconductor Featured in THE EDGE by Future Electronics
Friday, 18 Jan 2019

Related Events

Palo Alto Networks: Carrera por la Ciberseguridad con Palo Alto Networks
Thursday, 24 Jan 2019

Fertilizer Latino Americano 2019
Monday, 28 Jan 2019

Palo Alto Networks: France ABM Cyber Range - February 6
Wednesday, 6 Feb 2019

Datacloud India
Wednesday, 13 Feb 2019

3rd Interventions in Aging Conference
Sunday, 3 Mar 2019

Latest News

Middle East smart lighting market sets out on steep double digit growth path valuing US$2.1 billion
Sunday, 20 Jan 2019

Buoyant Middle East lighting fixtures market set to be worth US$ 8.7 billion by 2024
Sunday, 20 Jan 2019

The way to Change a Tyre in your Personal
Sunday, 20 Jan 2019

Bogdan V Has released his breakthrough method for women over 45 to reach their ideal weight
Sunday, 20 Jan 2019

How to Jump Start a Car
Sunday, 20 Jan 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Sunday, 20 January 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Linde and Siemens Connected Safety Challenge
  • Mayo Clinic Comprehensive Shoulder and Elbow Course
  • Mayo Clinic 4th Annual Update on Infectious Diseases for Primary Care 2019
  • Montreal Graduate Fair - Meet Top US And International Master's Programs
  • Mayo Clinic Urology Review 2019

  • Latest Jobs
    Sorry, there are currently no entries posted here.