Modular Instruments Market

Market Leadership - Modular Instruments Market

The modular instruments market is estimated to be USD 1.33 billion in 2018 and is expected to reach USD 2.11 billion by 2023, growing at the CAGR of 9.6% during the forecast period between 2018 and 2023. Keysight Technologies, National Instruments, Viavi Solutions, Fortive Corporation, Astronics Corporation, Teledyne Technologies (Teledyne Lecroy), Rohde & Schwarz, AMETEK (VTI Instruments), Teradyne, and Pickering Interfaces, are among the major players in the market as of 2017.

Keysight, a spin-off from Agilent Technologies, focuses on providing modular instruments for different applications. The company is one of key players in the modular instruments market and is backed by a robust engineering expertise. It emphasizes on innovating and maintaining its market position through R&D activities. For instance, in 2017, the company invested 15.6% of its total revenue in R&D. Increased expenditures were primarily driven by acquisitions and increased investments in R&D engineers and programs.

To know about the assumptions considered for the study download the pdf brochure

The company has expertise in developing measurement devices, and continuous innovation supported by R&D centers spread globally help it to meet customers’ ever-changing requirements. The company’s primary R&D and manufacturing sites are based in the US (California and Colorado), China, Germany, India, Japan, Malaysia, Singapore, and Spain. It has adopted various organic and inorganic growth strategies to strengthen its presence in the modular instruments market. For instance, in February 2017, the company announced the industry's first scalable PXIe microwave signal generator for emerging 5G and aerospace & defense applications; in April 2017, the company acquired Ixia Solutions Group, which provides testing, visibility, and security solutions, to strengthen its applications for physical and virtual networks. This acquisition helped the company in strengthening its position in visibility and security markets.

National Instruments provides modular instruments for R&D purposes and helps engineers and scientists in designing, prototyping, and deploying systems for various applications. The company is currently focusing on product innovation, and its future market strategy is to expand customer base by acquiring new technologies and expertise for launching new products. In the past, the company has collaborated with other key market players such as Astronics, Anritsu, and Fortive (Tektronics and Fluke). In November 2015, National Instruments and Astronics announced collaboration to deliver PXI-based products designed for the aerospace & defense sector.

National Instruments heavily invests in R&D to develop new, innovative, and precise instruments, which has helped the company to stay competitive in the modular instruments market. It also provides a range of software modules for customers to choose from.

Related Reports:

Modular Instruments Market by Platform Type (PXI, AXIe, VXI), Application (R&D, Manufacturing & Installation), Vertical (Telecommunications, Aerospace & Defense, Automotive, Electronics & Semiconductor), and Geography - Global Forecast to 2023

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 6569
RI Published ON
8/31/2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Modular Instruments Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved