VXI Test Equipment Market By Industrial Vertical (Communications, Consumer Electronics, Military And Defense, Aerospace, Industrial Electronics), By Product Type (Function Generators, Oscilloscopes, Power Suppliers) - Growth, Future Prospects, And Competitive Analysis, 2019 - 2027

Growing adoption of consumer electronics is fueling the growth of the VXI test equipment market

Globally, the VXI test equipment market is expected to grow at a CAGR of 25.3% during the forecast period of 2019 to 2027, starting from US$ 17.5 Bn in 2018. VXI is based on the VMEbus, which is an old technology that has been in use since the 1980s in various industries. The VXI Consortium developed the VXI standards. These standards were developed to standardize the multi-manufacturer standard, which allows the test solutions to be more compact. VXIbus offers a time-tested bus that supports mechanized testing and needs measurements.

VXIbus is a recognized, well-conceived, and time-tested technology that also continues to drive the market due to its current and future applications as per the requirements. The VXI test equipment has wide utilization in automated test systems, which are controlled within a rack. Moreover, these instruments can be used for various applications, including field repair and maintenance, testing for production, and military and avionics applications. One of the benefits of these instruments is that they allocate more time to the development process, reduce human efforts, and eliminate the difficulty of checking for defects in the product.

Consumer electronics-based VXI Test Equipment is expected to grow at a higher CAGR during the forecast period

The advancement of technology is one of the major factors driving the growth of the VXI test equipment market globally. These types of equipment are used for various automated test systems for testing in production, maintenance, and field repair. Based on the industrial vertical, the market has been segmented as communications, consumer electronics, military and defense, aerospace, and industrial electronics. The consumer electronics market is considered to have the largest market share and is expected to grow due to the increasing demand for smartphones, laptops, and other consumer instruments. This is a major factor driving the consumer electronics market.

Asia Pacific to Register the Fastest Growth

North America dominates the VXI test equipment market by holding the largest market share on a global level. The increasing technological advancement in the telecommunications and aerospace, and defense sectors is a major factor driving the market in the region. Additionally, the presence of the US and Canada is a major factor in the growth of the market. The US dominates the market in the region due to the presence of various key players in the market, including National Instruments Corporation, Kinetic Systems Inc., and others. However, the Asia-Pacific region is expected to be the fastest-growing region due to the presence of various developed and developing nations in the region.

Some of the prominent players operating in the VXI testing equipment market include Kinetic Systems, National Instruments, Interface Technology Inc., Giga-tronics Inc., Informtest, C&H Technologies Inc., Analogic Corp., ASCOR Inc., Agilent Technologies, Pickering Interfaces Ltd., Aeroflex Inc., and VXI Technology Inc., among others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The VXI test equipment market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global VXI test equipment market based on product type, industry vertical, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report

• What was the market size of VXI Test Equipment in 2018 and the forecast up to 2027?
• Which is the largest regional market for the consumer electronics segment?
• What are the major trends followed in the VXI test equipment market across different regions?
• Who are the key VXI test equipment companies leading the market?
• What are the key strategies adopted by the leading VXI test equipment companies in the market?

Unique data points of this report

• Statistics on VXI test equipment penetration and spending worldwide
• Recent trends across different regions in terms of the adoption of VXI test equipment
• Notable developments going on in the VXI test equipment industry
• Attractive investment propositions for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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