Modular instruments are defined in software residing in host PCs, which makes it possible to define measurements and analysis in real time. Modular instruments generally use computer–user interfaces instead of displays and controls embedded in the instrument’s frames or packages. To increase flexibility, an engineer can deploy algorithms on field-programmable gate arrays (FPGA). So, instead of fixed or vendor-defined software architecture, a user can make changes in modular instrumentation according to his/her requirements.

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

The global modular instruments market is estimated to be USD 1.33 billion in 2018; it is expected to reach USD 2.11 billion by 2023, at a CAGR of 9.6% from 2018 to 2023. The overall market is segmented based on platform type (PXI, AXIe, and VXI); application (R&D and manufacturing & installation); vertical (aerospace & defense, telecommunications, automotive & transportation, electronics and semiconductor, and others); and geography (North America, Europe, Asia Pacific, and Rest of the World).

The growth of the modular instruments 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 market to thrive in the coming years.

The PXI platform held the largest share of the modular instruments market in 2017. 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.

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

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.

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
[email protected]