Press release
Modular Instruments Market Growing at 9.5% CAGR To Reach US$ 8,397.06 Million Forecast Period 2025-2034
Modular Instruments Market
Market Explanation:
Modular instruments are electronic gadgets or systems that are composed of replaceable modules or constituents. These can be formed and reformed to execute an assortment of tasks in a cleanroom to meet the requirements of distinct applications. Further, adding or removing modules as needed permits these similar instruments to be utilized for something entirely different. These instruments find applications in sectors such as telecommunications, electronic testing, aircraft, and laboratories.
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In a test system, when desired channels increase, design and test become more complex, needing superior channel-to-channel association and supplemental equipment to confront multiple channels. PXI and AXIe modular instruments are perfectly appropriate for high channel count usage because of their effortless combination of instrument architectures, compact configuration element, ease of use, and module-to-module steadiness.
Market Drivers:
Upgradation in Electronic Devices to Fuel Market Growth:
Sometimes, conventional test and measurement equipment does not meet the developing testing demands with the progression of semiconductor technology, miniaturization, and the amalgamation of multifunctional constituents. Contemporary electronics need excessively accurate and flexible testing solutions. Therefore, modular instruments provide the adjustability to form and enhance testing frameworks as per the particular needs, offering similarity with next-generation electronic designs, driving up the modular instruments market demand.
Growing Demand for Scalable Testing Solutions:
The irregular needs often cannot be accommodated by traditional test systems, causing an inability in resource usage. Modular test equipment confronts these provocations by permitting smooth augmentation and redesigning, permitting economical testing procedures that correspond with product advancement lifecycles.
Key Players:
The manufacturers are entering into strategic alliances with associations and firms in the technology industry.
Some of the prominent players operating in the market include:
• Advantest Corporation
• Agilent Technologies
• AMETEK, Inc.
• Astronics Corporation
• Delta Electronics, Inc.
• Fortive Corporation
• Keysight Technologies
• Pickering
• Picotest Corp
• Rohde & Schwarz
• Teledyne Technologies Incorporated
• Teradyne Inc
• Thermo Fisher Scientific
• VIAVI Solutions Inc.
• Yokogawa Electric Corporation
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Modular Instruments Market Report Highlights:
• In terms of platform, the PXI and PXIe segment led the market in 2024, driven by their exceptional performance, scalability, and seamless integration with automated test systems.
• Based on distribution channel, the direct distribution segment led the market in 2024, fueled by rising demand for tailored solutions and enhanced technical support.
• North America accounted for the largest share of the market in 2024, supported by the presence of major technology firms, significant R&D investments, and a well-established industrial base.
• The modular instruments market in Asia Pacific is expected to grow at the fastest rate, driven by rapid industrialization, increasing R&D initiatives, and the expanding electronics and semiconductor industries.
Segment Wise Insights:
The modular instruments market is segmented on the basis of platform, distribution channel, end use, and region.
Based on platform, the PXI and PXIE segment dominated the market in 2024 due to their unparalleled performance, ease of use, and agreement with the mechanized test system.
Based on distribution channel, the direct distribution segment held a larger share in 2024 due to growing demand for tailor made solutions and technical reinforcement.
Modular Instruments Market, Platform Outlook (Revenue - USD Million, 2020-2034)
• PXI and PXIE
• Benchtop
• 19 Inch
• VXI
Modular Instruments Market, Distribution Channel Outlook (Revenue - USD Million, 2020-2034)
• Direct Distribution
• Indirect Distribution
• Others
Modular Instruments Market, End Use Outlook (Revenue - USD Million, 2020-2034)
• Telecommunications
• Aerospace & Defence
• Automotive
• Transportation
• Electronics
• Semiconductor
• Others
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Regional Outlook:
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Netherlands
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Indonesia
o Malaysia
o Vietnam
o Australia
o Rest of Asia Pacific
• Latin America
o Argentina
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o UAE
o Saudi Arabia
o Israel
o South Africa
o Rest of Middle East & Africa
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