Modular Instrument Market Report: Trends, Forecast and Competitive Analysis to 2030

Modular Instrument Trends and Forecast

The future of the global modular instrument market looks promising with opportunities in the semiconductor and electronic, telecommunication, defense and aerospace, and automotive and transportation markets. The global modular instrument market is expected to reach an estimated $2.62 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are growing number of IOT devices and on-going developments in the 4G and 5G infrastructure in the developing countries.

A more than 150-page report is developed to help in your business decisions.

Modular Instrument by Segment

The study includes a forecast for the global modular instrument by platform type, application, and region.

Modular Instrument Market by Platform Type [Shipment Analysis by Value from 2018 to 2030]:

• PXI
• Axie
• Vxi

Modular Instrument Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Semiconductor and Electronics
• Telecommunication
• Defense and Aerospace
• Automotive and Transportation

Modular Instrument Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Modular Instrument Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies modular instrument companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the modular instrument companies profiled in this report include-

• Ametek
• Astronics
• Cobham
• Fortive
• JDS Uniphase

Modular Instrument Market Insights

Lucintel forecasts that PXI will remain the largest segment over the forecast period as it is considered as a high-performance, scalable, and flexible platform for test and measurement applications.

Within this market, semiconductor and electronic will remain the largest segment due to rapid penetration of the internet of things, 5G, virtual reality, and artificial intelligence (AI).

North America will remain the largest over the forecast period due to high adaption of automation systems in manufacturing or industrial settings and on-goinf deployment of LTE in the region.

Features of the Global Modular Instrument Market

Market Size Estimates: Modular instrument market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Modular instrument market size by platform type, application, and region in terms of value ($B).

Regional Analysis: Modular instrument market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different platform types, applications, and regions for the modular instrument market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the modular instrument market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the modular instrument market size?

Answer: The global modular instrument market is expected to reach an estimated $2.62 billion by 2030.

Q.2 What is the growth forecast for modular instrument market?

Answer: The global modular instrument market is expected to grow with a CAGR of 5.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the modular instrument market?

Answer: The major drivers for this market are growing number of IOT devices and on-going developments in the 4G and 5G infrastructure in the developing countries.

Q4. What are the major segments for modular instrument market?

Answer: The future of the modular instrument market looks promising with opportunities in the semiconductor and electronic, telecommunication, defense and aerospace, and automotive and transportation markets.

Q5. Who are the key modular instrument market companies?

Answer: Some of the key modular instrument companies are as follows:

• Ametek
• Astronics
• Cobham
• Fortive
• JDS Uniphase

Q6. Which modular instrument market segment will be the largest in future?

Answer: Lucintel forecasts that PXI will remain the largest segment over the forecast period as it is considered as a high-performance, scalable, and flexible platform for test and measurement applications.

Q7. In modular instrument market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest over the forecast period due to high adaption of automation systems in manufacturing or industrial settings and on-goinf deployment of LTE in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the modular instrument market by platform type (PXI, AXIe, and VXI), application (semiconductor and electronics, telecommunication, defense and aerospace, and automotive and transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?