Global Modular Instruments Market to grow at a CAGR of 8.36% during 2016-2020

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.

Technavios 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:
Americas
APAC
EMEA

Technavio's report, Global Modular Instruments Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Cobham
Keysight Technologies
National Instruments
Rohde & Schwarz

Other prominent vendors
Anritsu
Aplab Limited
EXFO
Fastech Telecommunications
Ixia
JDS Uniphase
Qmax Test Equipments
Premier Measurement Solution
Scientech Technologies
SPX TEKTRONIX
Yokogawa Electric

Market driver
Growth in communication sector in APAC
For a full, detailed list, view our report

Market challenge
Necessity for price-sensitive and multiple technology solutions
For a full, detailed list, view our report

Market trend
Growing demand from automobile industry
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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