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Modular Instruments Market By Platform (PXI, VXI, AXIe)By Application (Semiconductor and Electronics, Telecommunication, Defense and Aerospace, Automotive and, Transportation, Other)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the Report

The global Modular Instruments market is segmented by platform, application, and region. Electronics and semiconductors and PXI held the major share of the modular instruments market and will likely be driven by rising demand for and adoption of these technologies. During the forecast period, North America is anticipated to be the largest market for modular instruments. The presence of significant players in the region and the rising demand for modular instruments in the electronics and semiconductor industries are propelling the expansion of the North American market.

One of the main factors influencing the market is the electronics and semiconductor industries’ rapid growth. At various phases of the manufacturing process, modular instruments are used to test various devices and components and evaluate the effectiveness of the electronic system. Additionally, improvements in 4G and 5G infrastructure worldwide accelerate industry expansion.

Nonetheless, the market is driven by the growing demand for modular instruments in the electronics and aerospace sectors. The American market for modular instruments is fragmented, with several small and medium-sized enterprises competing against one another.

Market Overview

The global Modular Instruments market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 9.90% between 2023 and 2030. The market was valued at USD 1.9 billion in 2022 and is expected to reach USD 3.67 billion in 2030.

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What Are The Main Drivers Of The Global Modular Instruments Market?

The market is expanding due to rising demand for automated high-performance testing, scalability, flexibility, and technological advancements. Additionally, automated testing, which is gaining popularity across various industries like automotive, aerospace, and electronics, uses modular equipment.

What Are The Major Challenges Faced By The Global Modular Instruments Market?

Generally speaking, modular instruments cost more than traditional instruments. Some users may find this a hurdle, particularly those who work for small organizations or have tight finances. They may also be difficult to use and customize. Users who are unfamiliar with this kind of equipment may find this to be difficult.

What Are The Growth Opportunities In The Global Modular Instruments Market?

High-performance testing, necessary for developing and testing emerging technologies like 5G and artificial intelligence, can be done using modular equipment. High-performance testing can ensure that new technologies adhere to the necessary performance criteria.

Executive Summary

Overview of the Global Modular Instruments Market

Electronic instruments, called modular instruments, are used to measure and log different physical quantities, including voltage, current, and temperature. They are frequently employed in manufacturing, quality assurance, and research and development. Modular instruments’ popularity is rising due to their adaptability, scalability, and use.

Market Definition

Modular instruments are electronic gadgets composed of distinct modules that can be combined to form a complete instrument. Modular instruments are more expandable and versatile than traditional ones, normally constructed as a single item. Manufacturing, quality assurance, and research & development all frequently use modular instruments. Many other industries, including telecommunications, aircraft, and medical devices, also use them.

Market Insights

The global demand for Modular Instruments was valued at USD 1.9 Billion in 2022 and is expected to reach USD 3.67 Billion in 2030, growing at a CAGR of 9.90% between 2023 and 2030.
The modular instruments industry will be dominated by the PXI platform in 2022.
The market for modular instruments is dominated by the semiconductor and electronics sector, with telecommunications, automotive and transportation, defense and aerospace, and other applications following.
Due to the rising need for modular instruments in the electronics and automotive sectors, Asia Pacific has the fastest-growing market.
The market is expanding due to the rising demand for modular instruments to test emerging technologies like 5G and artificial intelligence.

Segmentation by Platform

The modular instruments market is divided into three main categories: PXI, VXI, and AXIe.
Due to its performance, scalability, and versatility, the PXI platform is the most widely used for modular instruments.
The AXIe platform is the market category for modular instruments expanding quickly. Because of its lower price, smaller footprint, and interoperability with the PXI platform, the AXIe platform is expanding.

Segmentation by Application

The modular instruments market will have the largest sector in 2022 for semiconductors and electronics.
The semiconductor and electronics industry for modular instruments is expanding at the quickest rate.
This industry is expanding since modular instruments are becoming increasingly important in developing, manufacturing, and testing semiconductors and electrical devices.

Segmentation by Region

Due to the huge number of R&D facilities and the growing need for automated testing in the automotive and aerospace industries, North America is the region with the greatest market for modular instruments.
Due to the rising need for modular instruments in the electronics and automotive sectors, Asia Pacific has the fastest-growing market.

From 2023 to 2033, the US market for modular instruments is anticipated to expand at a CAGR of 10.3%. The growing need for modular instruments in the electronics and automotive aerospace industries drives the market. Many small and medium-sized businesses are vying with one another in the fragmented American market for modular instruments. Keysight Technologies, Rohde & Schwarz, and National Instruments are some of the market’s top competitors. These businesses spend heavily on research and development to create new, cutting-edge modular instruments. To reach more clients, they are also enlarging their distribution networks.

The growing need for modular equipment in the semiconductor, electronics, and telecommunications industries is driving the market in China. One of China’s biggest end customers of modular instruments is the semiconductor sector. Field-effect transistors (FETs) and integrated circuits (ICs) are two examples of semiconductor devices developed and tested using modular instruments. In China, a significant end-user of modular instruments is the electronics sector. In the upcoming years, China’s market for modular instruments is anticipated to expand further. The rising need for modular instruments across various industries, including semiconductors, electronics, and telecommunications, will be the primary driver of market expansion.

The market for modular instruments is anticipated to expand rapidly during the forecast period. The increasing demand for modular instruments in electronics, semiconductors, automotive, aerospace, and defense drives market growth. The increasing use of modular instruments in the automotive, aerospace, and defense industries is another significant factor propelling the market growth.

Modular instruments are more costly than conventional ones. This could be a deterrent for some prospective purchasers. Similarly, it cannot be easy to install and configure modular instruments. This could be a deterrent for some prospective purchasers. In addition, there is a lack of knowledge about modular instruments among some prospective purchasers. This could be a factor restraining market growth.

The development and testing of new technologies are driving up the need for modular instrumentation

Due to the rising demand for modular instruments in the research and evaluation of new technologies, such as 5G and artificial intelligence, the modular instruments market is expanding quickly. Due to its many benefits over conventional instruments, including flexibility, scalability, and affordability, modular instruments play a bigger role in developing new technology. Modular instruments are adaptable because they may be customized to match the unique requirements of a particular application. The development of new technologies, which frequently call for specialized instruments, depends on this flexibility. Scalable means that modular instruments can be easily increased to match the escalating needs of a project. The development of large-scale initiatives, like 5G networks, depends on this scalability.

Instruments made of modular components are being used more and more in production

Increasing manufacturing operations, including quality control and process monitoring, are automated using modular devices. This is so that modular instruments, which may be programmed to carry out particular tasks, can be easily connected with other industrial systems. As modular instruments become more affordable, more manufacturers can use them. This is a result of the market for modular instruments becoming more competitive and the invention of new technologies that have reduced the cost of manufacturing modular instruments. Due to their increasing use, New uses for modular instruments are being developed in the manufacturing sector. For instance, developing novel manufacturing techniques like 3D printing and additive manufacturing uses modular equipment.

High Cost of Modular Instruments

Because modular instruments are made up of numerous components, each of which needs to be fabricated and calibrated separately, they are frequently more expensive than standard instruments. As a result, the price of modular instruments may be considerably greater than that of conventional instruments, which are frequently constructed from a single, integrated item. Modular instruments may cost more to maintain and cost more to manufacture. This is because each component of a modular instrument must be maintained separately, which can be expensive and time-consuming.

Development and testing of new technologies

The creation and testing of new technologies are increasingly using modular equipment. This is because they have a variety of benefits over conventional instruments, including flexibility, scalability, and affordability. Modular instruments are adaptable because they can be set up to satisfy the special requirements of a given test. This is crucial for evaluating new technology, which frequently calls for specialist tools. Scalable means that modular instruments can be easily increased to suit the escalating needs of a testing project. For testing massive projects like 5G networks, this is crucial. Lastly, they are more affordable because modular instruments can be purchased in modules, and consumers can only buy the modules they need.

Competitive Landscape

Key Players

Few of the big competitors now control most of the market in terms of market share. These significant firms, holding a sizable market share, are concentrating on growing their international consumer base. These businesses utilize strategic collaboration projects to enhance their market share and profitability. Some of the major players in the market and their market share are as follows:

Keysight Technologies Inc.
National Instruments Corporation
Viavi Solutions Inc.
Fortive Corporation
Astronics Corporation
Teledyne LeCroy Inc.
Rohde & Schwarz GmbH & Company KG
AMETEK Inc.
Teradyne Inc.
Pickering Interfaces Ltd
Others

The global supplier of network test, monitoring, and assurance solutions is Viavi Solutions Inc. The business provides a comprehensive selection of goods and services to the data center, networking, and telecommunications sectors. Modular instruments from Viavi are used to test and troubleshoot network systems and components.

Viavi announced the arrival of a new modular testing tool for 5G networks in March 2023. The device is intended to evaluate the functionality of 5G antennas and radio frequency modules. Additionally, the device can evaluate the speed and latency of 5G networks.

Summary of Key Findings

In the upcoming years, it is anticipated that the need for modular instruments to create and test innovative technologies will only increase. This expansion is anticipated to be fueled by the ongoing development of new technologies, necessitating increasingly sophisticated and specialized testing equipment.
Due to its performance, scalability, and versatility, the PXI platform is the most widely used for modular instruments. From straightforward benchtop systems to sophisticated automated test systems, the PXI platform may be used to build a wide range of test and measurement systems.
Due to the growing need for modular instruments in the design, development, and testing of semiconductors and electronic devices, the semiconductor and electronics segment is the largest segment of the modular instruments market.
Due to the huge number of R&D facilities and the growing need for automated testing in the automotive and aerospace industries, North America is the region with the greatest market for modular instruments.

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Future Outlook

The manufacturing sector is using modular instruments more and more. This is so that many production duties, like quality control and process monitoring, can be automated using modular equipment.
The usage of modular instruments is expanding in education and research. This is so that children can learn about electronics, physics, and other STEM subjects using modular equipment. Researchers can also carry out experiments and gather data using modular devices.
Instruments made of modular components are becoming more accessible and inexpensive. They are now more open to a variety of users as a result.

Segmentation

By Platform
- PXI
- VXI
- AXIe
By Application
- Semiconductor and Electronics
- Telecommunication
- Defense and Aerospace
- Automotive and Transportation
- Other Applications
By Region

North America
- Canada
- Mexico
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Data Modelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue-Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Modular Instruments Market
2.2. Global Modular Instruments Market, By Platform
2.3. Global Modular Instruments Market, By Application
2.4. Global Modular Instruments Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Modular Instruments Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.2.4. Major Industry Challenges
3.2.4.1. Challenge 1
3.2.4.2. Challenge 2
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Platform
3.5.2. Application
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Platforms
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Platform Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Platform Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Modular Instruments Market, By Platform
7.1. Global Modular Instruments Market Overview, by Platform
7.1.1. Global Modular Instruments Market Revenue Share, By Platform, 2022 Vs 2030 (in %)
7.2. PXI
7.2.1. Global Modular Instruments Market, By Region, 2017-2030 (US$ Bn)
7.3. VXI
7.3.1. Global Modular Instruments Market, By Region, 2017-2030 (US$ Bn)
7.4. AXIe
7.4.1. Global Modular Instruments Market, By Region, 2017-2030 (US$ Bn)

8. Global Modular Instruments Market, by Application, 2017-2030 (US$ Bn)
8.1. Global Modular Instruments Market Overview, by Application
8.1.1. Global Modular Instruments Market, By Application, 2022 vs 2030 (in%)
8.2. Semiconductor and Electronics
8.2.1. Global Modular Instruments Market, By Region, 2017-2030 (US$ Bn)
8.3. Telecommunication
8.3.1. Global Modular Instruments Market, By Region, 2017-2030 (US$ Bn)
8.4. Defense and Aerospace
8.4.1. Global Modular Instruments Market, By Region, 2017-2030 (US$ Bn)
8.5. Automotive and Transportation
8.5.1. Global Modular Instruments Market, By Region, 2017-2030 (US$ Bn)
8.6. Other Applications
8.6.1. Global Modular Instruments Market, By Region, 2017-2030 (US$ Bn)

9. Global Modular Instruments Market, By Region
9.1. Global Modular Instruments Market Overview, by Region
9.1.1. Global Modular Instruments Market, By Region, 2022 vs 2030 (in%)
9.2. Platform
9.2.1. Global Modular Instruments Market, By Platform, 2017-2030 (US$ Bn)
9.3. Application
9.3.1. Global Modular Instruments Market, By Application, 2017-2030 (US$ Bn)

10. North America Modular Instruments Market Analysis
10.1. North America Modular Instruments Market, by Platform, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. North America Modular Instruments Market, by Application, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. North America Modular Instruments Market, by Country, 2017-2030 (US$ Bn)
10.3.1. North America Modular Instruments Market, by Country, 2022 Vs 2030 (in%)
10.3.2. U.S.
10.3.2.1. U.S. Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.2.2. U.S. Modular Instruments, By Platform, 2017-2030 (US$ Bn)
10.3.2.3. U.S. Modular Instruments, By Application, 2017-2030 (US$ Bn)
10.3.3. Canada
10.3.3.1. Canada Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.3.2. Canada Modular Instruments, By Platform, 2017-2030 (US$ Bn)
10.3.3.3. Canada Modular Instruments, By Application, 2017-2030 (US$ Bn)
10.3.4. Mexico
10.3.4.1. Mexico Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.4.2. Mexico Modular Instruments, By Platform, 2017-2030 (US$ Bn)
10.3.4.3. Mexico Modular Instruments, By Application, 2017-2030 (US$ Bn)

11. Europe Modular Instruments Market Analysis
11.1. Europe Modular Instruments Market, by Platform, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Europe Modular Instruments Market, by Application, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Europe Modular Instruments Market, by Country, 2017-2030 (US$ Bn)
11.3.1. Europe Modular Instruments Market, by Country, 2022 Vs 2030 (in%)
11.3.2. Germany
11.3.2.1. Germany Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.2.2. Germany Modular Instruments, By Platform, 2017-2030 (US$ Bn)
11.3.2.3. Germany Modular Instruments, By Application, 2017-2030 (US$ Bn)
11.3.3. France
11.3.3.1. France Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.3.2. France Modular Instruments, By Platform, 2017-2030 (US$ Bn)
11.3.3.3. France Modular Instruments, By Application, 2017-2030 (US$ Bn)
11.3.4. UK
11.3.4.1. UK Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.4.2. UK Modular Instruments, By Platform, 2017-2030 (US$ Bn)
11.3.4.3. UK Modular Instruments, By Application, 2017-2030 (US$ Bn)
11.3.5. Italy
11.3.5.1. Italy Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.5.2. Italy Modular Instruments, By Platform, 2017-2030 (US$ Bn)
11.3.5.3. Italy Modular Instruments, By Application, 2017-2030 (US$ Bn)
11.3.6. Spain
11.3.6.1. Spain Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.6.2. Spain Modular Instruments, By Platform, 2017-2030 (US$ Bn)
11.3.6.3. Spain Modular Instruments, By Application, 2017-2030 (US$ Bn)
11.3.7. Rest of Europe
11.3.7.1. Rest of Europe Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.7.2. Rest of Europe Modular Instruments, By Platform, 2017-2030 (US$ Bn)
11.3.7.3. Rest of Europe Modular Instruments, By Application, 2017-2030 (US$ Bn)

12. Asia Pacific Modular Instruments Market Analysis
12.1. Asia Pacific Modular Instruments Market, by Platform, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Asia Pacific Modular Instruments Market, by Application, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Asia Pacific Modular Instruments Market, by Country, 2017-2030 (US$ Bn)
12.3.1. Asia Pacific Modular Instruments Market, by Country, 2022 Vs 2030 (in%)
12.3.2. China
12.3.2.1. China Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.2.2. China Modular Instruments, By Platform, 2017-2030 (US$ Bn)
12.3.2.3. China Modular Instruments, By Application, 2017-2030 (US$ Bn)
12.3.3. Japan
12.3.3.1. Japan Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.3.2. Japan Modular Instruments, By Platform, 2017-2030 (US$ Bn)
12.3.3.3. Japan Modular Instruments, By Application, 2017-2030 (US$ Bn)
12.3.4. India
12.3.4.1. India Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.4.2. India Modular Instruments, By Platform, 2017-2030 (US$ Bn)
12.3.4.3. India Modular Instruments, By Application, 2017-2030 (US$ Bn)
12.3.5. South Korea
12.3.5.1. South Korea Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.5.2. South Korea Modular Instruments, By Platform, 2017-2030 (US$ Bn)
12.3.5.3. South Korea Modular Instruments, By Application, 2017-2030 (US$ Bn)
12.3.6. South-East Asia
12.3.6.1. South-East Asia Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.6.2. South-East Asia Modular Instruments, By Platform, 2017-2030 (US$ Bn)
12.3.6.3. South-East Asia Modular Instruments, By Application, 2017-2030 (US$ Bn)
12.3.7. Rest of Asia Pacific
12.3.7.1. Rest of Asia Pacific Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.7.2. Rest of Asia Pacific Modular Instruments, By Platform, 2017-2030 (US$ Bn)
12.3.7.3. Rest of Asia Pacific Modular Instruments, By Application, 2017-2030 (US$ Bn)

13. Latin America Modular Instruments Market Analysis
13.1. Latin America Modular Instruments Market, by Platform, 2017-2030(US$ Bn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Latin America Modular Instruments Market, by Application, 2017-2030(US$ Bn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Latin America Modular Instruments Market, by Country, 2017-2030 (US$ Bn)
13.3.1. Latin America Modular Instruments Market, by Country, 2022 Vs 2030 (in%)
13.3.2. Brazil
13.3.2.1. Brazil Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.3.2.2. Brazil Modular Instruments, By Platform, 2017-2030 (US$ Bn)
13.3.2.3. Brazil Modular Instruments, By Application, 2017-2030 (US$ Bn)
13.3.3. Argentina
13.3.3.1. Argentina Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.3.3.2. Argentina Modular Instruments, By Platform, 2017-2030 (US$ Bn)
13.3.3.3. Argentina Modular Instruments, By Application, 2017-2030 (US$ Bn)
13.3.4. Rest of Latin America
13.3.4.1. Rest of Latin America Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.3.4.2. Rest of Latin America Modular Instruments, By Platform, 2017-2030 (US$ Bn)
13.3.4.3. Rest of Latin America Modular Instruments, By Application, 2017-2030 (US$ Bn)

14. Middle East and Africa Modular Instruments Market Analysis
14.1. Middle East and Africa Modular Instruments Market, by Platform, 2017-2030(US$ Bn)
14.1.1. Overview
14.1.2. SRC Analysis
14.2. Middle East and Africa Modular Instruments Market, by Application, 2017-2030(US$ Bn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Middle East and Africa Modular Instruments Market, by Country, 2017-2030 (US$ Bn)
14.3.1. Middle East and Africa Modular Instruments Market, by Country, 2022 Vs 2030 (in%)
14.3.2. GCC Countries
14.3.2.1. GCC Countries Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.3.2.2. GCC Countries Modular Instruments, By Platform, 2017-2030 (US$ Bn)
14.3.2.3. GCC Countries Modular Instruments, By Application, 2017-2030 (US$ Bn)
14.3.3. South Africa
14.3.3.1. South Africa Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.3.3.2. South Africa Modular Instruments, By Platform, 2017-2030 (US$ Bn)
14.3.3.3. South Africa Modular Instruments, By Application, 2017-2030 (US$ Bn)
14.3.4. Rest of Middle East and Africa
14.3.4.1. Rest of Middle East and Africa Modular Instruments Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.3.4.2. Rest of Middle East and Africa Modular Instruments, By Platform, 2017-2030 (US$ Bn)
14.3.4.3. Rest of Middle East and Africa Modular Instruments, By Application, 2017-2030 (US$ Bn)

15. Company Profiles
15.1. Keysight Technologies Inc.
15.1.1. Company Overview
15.1.2. Platforms/Services Portfolio
15.1.3. Geographical Presence
15.1.4. Financial Summary
15.1.4.1. Market Revenue and Net Profit (2019-2022)
15.1.4.2. Business Segment Revenue Analysis
15.1.4.3. Geographical Revenue Analysis
15.2. National Instruments Corporation
15.3. Viavi Solutions Inc.
15.4. Fortive Corporation
15.5. Astronics Corporation
15.6. Teledyne LeCroy Inc.
15.7. Rohde & Schwarz GmbH & Company KG
15.8. AMETEK Inc.
15.9. Teradyne Inc.
15.10. Pickering Interfaces Ltd

List of Figures
FIG. 1 Global Modular Instruments Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Modular Instruments Market Segmentation
FIG. 4 Global Modular Instruments Market, by Platform, 2022 (US$ Bn)
FIG. 5 Global Modular Instruments Market, by Application, 2022 (US$ Bn)
FIG. 6 Global Modular Instruments Market, by Geography, 2022 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Platform, 2022
FIG. 8 Attractive Investment Proposition, by Application, 2022
FIG. 9 Attractive Investment Proposition, by Geography, 2022
FIG. 10 Global Market Share Analysis of Key Modular Instruments Market Manufacturers, 2022
FIG. 11 Global Market Positioning of Key Modular Instruments Market Manufacturers, 2022
FIG. 12 Global Modular Instruments Market Value Contribution, By Platform, 2022 & 2030 (Value %)
FIG. 13 Global Modular Instruments Market, by PXI, Value, 2017-2030 (US$ Bn)
FIG. 14 Global Modular Instruments Market, by VXI, Value, 2017-2030 (US$ Bn)
FIG. 15 Global Modular Instruments Market, by AXIe, Value, 2017-2030 (US$ Bn)
FIG. 16 Global Modular Instruments Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 17 Global Modular Instruments Market, by Semiconductor and Electronics, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Modular Instruments Market, by Telecommunication, 2017-2030 (US$ Bn)
FIG. 19 Global Modular Instruments Market, by Defense and Aerospace, Value, 2017-2030 (US$ Bn)
FIG. 20 Global Modular Instruments Market, by Automotive and Transportation, 2017-2030 (US$ Bn)
FIG. 21 Global Modular Instruments Market, by Other Applications, 2017-2030 (US$ Bn)
FIG. 22 North America Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 23 U.S. Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 24 Canada Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 25 Europe Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 26 Germany Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 27 France Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 28 U.K. Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 29 Italy Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 30 Spain Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 31 Rest of Europe Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 32 Asia Pacific Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 33 China Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 34 Japan Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 35 India Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 36 South Korea Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 37 South-East Asia Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 38 Rest of Asia Pacific Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 39 Latin America Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 40 Brazil Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 41 Mexico Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 42 Rest of Latin America Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 43 Middle East & Africa Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 44 GCC Countries Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 45 South Africa Modular Instruments Market, 2017-2030 (US$ Bn)
FIG. 46 Rest of Middle East and Africa Modular Instruments Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Modular Instruments Market
TABLE 2 Global Modular Instruments Market: Market Drivers Impact Analysis
TABLE 3 Global Modular Instruments Market: Market Restraints Impact Analysis
TABLE 4 Global Modular Instruments Market, by Competitive Benchmarking, 2022
TABLE 5 Global Modular Instruments Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Modular Instruments Market, by Key Strategies Analysis, 2022
TABLE 7 Global Modular Instruments Market, by PXI, By Region, 2017-2022 (US$ Bn)
TABLE 8 Global Modular Instruments Market, by PXI, By Region, 2023-2030 (US$ Bn)
TABLE 9 Global Modular Instruments Market, by VXI, By Region, 2017-2022 (US$ Bn)
TABLE 10 Global Modular Instruments Market, by VXI, By Region, 2023-2030 (US$ Bn)
TABLE 11 Global Modular Instruments Market, by AXIe, By Region, 2017-2022 (US$ Bn)
TABLE 12 Global Modular Instruments Market, by AXIe, By Region, 2023-2030 (US$ Bn)
TABLE 13 Global Modular Instruments Market, by Semiconductor and Electronics, By Region, 2017-2022 (US$ Bn)
TABLE 14 Global Modular Instruments Market, by Semiconductor and Electronics, By Region, 2023-2030 (US$ Bn)
TABLE 15 Global Modular Instruments Market, by Telecommunication, By Region, 2017-2022 (US$ Bn)
TABLE 16 Global Modular Instruments Market, by Telecommunication, By Region, 2023-2030 (US$ Bn)
TABLE 17 Global Modular Instruments Market, by Defense and Aerospace, By Region, 2017-2022 (US$ Bn)
TABLE 18 Global Modular Instruments Market, by Defense and Aerospace, By Region, 2023-2030 (US$ Bn)
TABLE 19 Global Modular Instruments Market, by Automotive and Transportation, By Region, 2017-2022 (US$ Bn)
TABLE 20 Global Modular Instruments Market, by Automotive and Transportation, By Region, 2023-2030 (US$ Bn)
TABLE 21 Global Modular Instruments Market, by Other Applications, By Region, 2017-2022 (US$ Bn)
TABLE 22 Global Modular Instruments Market, by Other Applications, By Region, 2023-2030 (US$ Bn)
TABLE 23 Global Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 24 Global Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 25 Global Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 26 Global Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 27 Global Modular Instruments Market, by Region, 2017-2022 (US$ Bn)
TABLE 28 Global Modular Instruments Market, by Region, 2023-2030 (US$ Bn)
TABLE 29 North America Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 30 North America Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 31 North America Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 32 North America Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 33 North America Modular Instruments Market, by Country, 2017-2022 (US$ Bn)
TABLE 34 North America Modular Instruments Market, by Country, 2023-2030 (US$ Bn)
TABLE 35 United States Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 36 United States Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 37 United States Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 38 United States Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 39 Canada Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 40 Canada Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 41 Canada Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 42 Canada Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 43 Mexico Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 44 Mexico Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 45 Mexico Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 46 Mexico Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 47 Europe Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 48 Europe Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 49 Europe Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 50 Europe Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 51 Europe Modular Instruments Market, by Country, 2017-2022 (US$ Bn)
TABLE 52 Europe Modular Instruments Market, by Country, 2023-2030 (US$ Bn)
TABLE 53 Germany Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 54 Germany Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 55 Germany Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 56 Germany Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 57 France Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 58 France Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 59 France Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 60 France Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 61 United Kingdom Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 62 United Kingdom Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 63 United Kingdom Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 64 United Kingdom Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 65 Italy Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 66 Italy Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 67 Italy Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 68 Italy Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 69 Spain Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 70 Spain Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 71 Spain Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 72 Spain Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 73 Rest of Europe Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 74 Rest of Europe Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 75 Rest of Europe Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 76 Rest of Europe Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 77 Asia Pacific Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 78 Asia Pacific Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 79 Asia Pacific Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 80 Asia Pacific Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 81 China Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 82 China Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 83 China Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 84 China Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 85 Japan Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 86 Japan Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 87 Japan Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 88 Japan Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 89 India Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 90 India Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 91 India Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 92 India Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 93 South Korea Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 94 South Korea Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 95 South Korea Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 96 South Korea Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 97 South-East Asia Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 98 South-East Asia Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 99 South-East Asia Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 100 South-East Asia Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 101 Rest of Asia Pacific Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 102 Rest of Asia Pacific Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 103 Rest of Asia Pacific Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 104 Rest of Asia Pacific Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 105 Latin America Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 106 Latin America Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 107 Latin America Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 108 Latin America Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 109 Brazil Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 110 Brazil Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 111 Brazil Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 112 Brazil Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 113 Argentina Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 114 Argentina Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 115 Argentina Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 116 Argentina Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 117 Rest of Latin America Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 118 Rest of Latin America Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 119 Rest of Latin America Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 120 Rest of Latin America Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 121 Middle East and Africa Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 122 Middle East and Africa Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 123 Middle East and Africa Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 124 Middle East and Africa Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 125 GCC Countries Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 126 GCC Countries Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 127 GCC Countries Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 128 GCC Countries Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 129 South Africa Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 130 South Africa Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 131 South Africa Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 132 South Africa Modular Instruments Market, by Application, 2023-2030 (US$ Bn)
TABLE 133 Rest of Middle East and Africa Modular Instruments Market, by Platform, 2017-2022 (US$ Bn)
TABLE 134 Rest of Middle East and Africa Modular Instruments Market, by Platform, 2023-2030 (US$ Bn)
TABLE 135 Rest of Middle East and Africa Modular Instruments Market, by Application, 2017-2022 (US$ Bn)
TABLE 136 Rest of Middle East and Africa Modular Instruments Market, by Application, 2023-2030 (US$ Bn)

Frequent Asked Questions

What is the current size of the global Modular Instruments market?

The global Modular Instruments market was valued at USD 1.9 Billion in 2022.

What is the expected growth rate of the Modular Instruments market between 2023 and 2030?

The Modular Instruments market is expected to grow at a CAGR of 9.90% between 2023 and 2030, reaching USD 3.67 Billion in 2030.

Which segment is leading the market share in terms of Platform?

PXI is the leading segment by Platform, holding a major share in value in 2022.

Which application segment governs the demand for Modular Instruments in the world?

Semiconductors and Electronics hold a massive share of over in 2022.

Which region is fueling the growth of the Modular Instruments industry?

North America is fueling the growth of the Modular Instruments industry, with over 40.6% share in 2022.

Who are the major players in the global Modular Instruments market?

The top players include Keysight Technologies Inc., National Instruments Corporation, Viavi Solutions Inc., Fortive Corporation, Astronics Corporation, Teledyne LeCroy Inc., Rohde & Schwarz GmbH & Company KG, AMETEK Inc., Teradyne Inc., and Pickering Interfaces Ltd.

What are the major market drivers of the Modular Instruments industry?

The growing demand and high investments in Modular Instruments are the major market drivers.

What are the major market restraints of the Modular Instruments industry?

High cost of modular instruments is major market restraint.

What are the major market opportunities of the Modular Instruments industry?

Growing technological applications and rising applications to boost the market during the forecast period.

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