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Global Modular Instruments Market Analysis & Outlook to 2026 - The Growing Aerospace & Defence Sector in Developing Economies is Driving Demand - ResearchAndMarkets.com

January 21, 2019

DUBLIN--(BUSINESS WIRE)--Jan 21, 2019--The “Modular Instruments - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.

According to this report, the Global Modular Instruments market accounted for $1.12 billion in 2017 and is expected to reach $3.08 billion by 2026 growing at a CAGR of 11.9% during the forecast period.

Growing aerospace and defence sector in developing economies, rising demand for deployment of LTE from the telecommunications sector and improved R&D spending in emerging countries are factors influencing the market growth. However, factors such as the growing penetration of rental and leasing services are restraining the market growth.

On the basis of Platform, PCI extension for Instrumentation (PXI) held considerable market share during the forecast period. It is an open, multi-vendor standard governed by the PXI Systems Union that guarantees interoperability of modules and chassis from dissimilar vendors. This platform is constructed on PCI, and hence, it integrally brings the benefits of reduced cost, better performance, and a mainstream software model to verticals.

By Geography, Asia Pacific is projected to be the fastest-growing during the forecast period. The increase in investments in the Aerospace industry by countries such as India and China that will add to the growth in the region and the massive volume sales of mobile devices that result in the demand for wireless test equipment will bolster the market’s growth prospects in this region.

Platforms Covered:

PCI eXtensions for Instrumentation (PXI) AdvancedTCA Extensions for Instrumentation and Test (AXIe) VME eXtensions for Instrumentation (VXI)

Applications Covered:

Manufacturing & Installation Research & Development (R&D)

End-Users Covered:

Automotive & Transportation Telecommunications Industry Electronics & Semiconductor Aerospace & Defence Other End-Users

Companies Profiled:

National Instruments Astronics Corporation Ametek Viavi Solutions Fortive Corporation Keysight Technologies Pickering Interfaces Teledyne LeCroy Rohde & Schwarz Asis Pro Test Evolution Corporation Guzik Technical Enterprises Chroma ATE ELMA Electronic Marvin Test Solutions Adlink Technology Bustec Goepel Electronic

For more information about this report visit https://www.researchandmarkets.com/research/jpn9k6/global_modular?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190121005350/en/

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SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/21/2019 11:57 AM/DISC: 01/21/2019 11:57 AM

http://www.businesswire.com/news/home/20190121005350/en

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