Modular Instruments Market Research 2020-2025: Profitable Customized Report
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Global Modular Instruments Market Trends:
Modular instruments are employed in the electronics and semiconductor industries for testing components and devices at different stages of the manufacturing cycle and increasing the efficiency of electronic systems. Apart from this, on account of the advancements in long-term evolution (LTE) systems, boosting sales of smart devices and growing mobile data traffic, there is a rise in the requirement for advanced modular instruments for developing technologies, such as LTE-A, 4G and 5G. Furthermore, governments of numerous countries, especially in the emerging regions, are investing in the development of 4G and 5G infrastructure, which in turn is strengthening the modular instruments market growth. Other factors that are anticipated to bolster the market growth in the upcoming years include the increasing popularity of flexible electronics and the integration of connected devices with the Internet of Things (IoT). On account of these factors, the market value is projected to reach US$ 2.2 Billion by 2025, expanding at a CAGR of 7.9% during the forecast period (2020-2025).
Market Breakup by Platform Type:
Market Breakup by Application:
• Research and Development
• Manufacturing and Installation
Market Breakup by Vertical Type:
• Aerospace and defense
• Electronics and Semiconductor
Market Region Summary:
Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
Competitive Landscape with Key Player:
The competitive landscape of the market has been examined, with some of the key players being
• AMETEK Inc.
• Astronics Corporation
• Cobham Plc
• Fortive Corporation
• JDS Uniphase Corporation
• Keysight Technologies
• National Instruments Corporation
• Pickering Interfaces Ltd.
• Premier Measurement Solutions Pvt Ltd.
• Rohde & Schwarz GmbH & Co KG
• Scientech Technologies Pvt. Ltd.
• Teledyne LeCroy Inc.
• Teradyne Inc.
• Viavi Solutions Inc.
• Yokogawa Electric Corporation
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