Modular Instruments Global Market Report 2026

Modular instruments are electronic test and measurement devices composed of plug-in modules that fit into a common chassis and are controlled by software, enabling users to combine functions such as measuring, generating, switching, and timing signals. They allow engineers to develop flexible, scalable, and automated test systems tailored to specific applications, enhancing speed, repeatability, and throughput while lowering cost and footprint.

The primary product types of modular instruments include oscilloscopes, signal generators, spectrum analyzers, network analyzers, and others. Oscilloscopes are electronic testing instruments used to measure and analyze varying signal voltages, providing accurate visualization of electronic waveforms for performance assessment and troubleshooting. These instruments are available on various platforms, including PCI eXtensions for Instrumentation (PXI), VME eXtensions for Instrumentation (VXI), and AdvancedTCA Extensions for Instrumentation and Test (AXIe). Key applications include telecommunications, aerospace and defense, automotive, electronics and semiconductor, among others, serving end users such as research and development, manufacturing, and more.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the modular instruments market by increasing the cost of imported high-precision electronic components and test modules, particularly impacting Asia-Pacific regions like China and Taiwan, which are key manufacturing centers. Product types such as oscilloscopes, signal generators, and spectrum analyzers are most affected due to reliance on imported precision components. While tariffs have increased production costs and slowed delivery, they have also encouraged local manufacturing, innovation in cost-effective module designs, and diversification of sourcing strategies, ultimately promoting resilience in the global supply chain.

The modular instruments market research report is one of a series of new reports from The Business Research Company that provides modular instruments market statistics, including modular instruments industry global market size, regional shares, competitors with a modular instruments market share, detailed modular instruments market segments, market trends and opportunities, and any further data you may need to thrive in the modular instruments industry. This modular instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The modular instruments market size has grown rapidly in recent years. It will grow from $2.83 billion in 2025 to $3.13 billion in 2026 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to growing demand for flexible test systems, increasing adoption of automated testing, rise in electronics and semiconductor manufacturing, advancements in PXI and VXI platforms, need for high-precision measurements.

The modular instruments market size is expected to see rapid growth in the next few years. It will grow to $4.66 billion in 2030 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to expansion of aerospace and defense testing, growth in 5g and telecommunications infrastructure testing, increasing adoption of automotive electronics testing, development of real-time and high-bandwidth measurement solutions, rising demand for integrated and software-controlled modular instruments. Major trends in the forecast period include modular and scalable test system design, high-speed signal measurement and generation, automated and remote test capabilities, multi-functional plug-in modules, compact and space-efficient instrumentation.

The growing adoption of the internet of things (IoT) is expected to drive the growth of the modular instruments market in the coming years. IoT refers to a network of interconnected physical devices embedded with electronics, software, and connectivity features, enabling them to collect, exchange, and act on data over the internet. Its demand is rising as it enhances efficiency and convenience through automation and real-time data, supporting smarter decision-making, reducing human effort, and improving productivity across industries such as healthcare, transportation, agriculture, and smart homes. Modular instruments in IoT enable flexible data collection and monitoring, allowing easy integration, customization, and scalability of sensors and measurement modules for diverse applications. For example, according to IoT Analytics GmbH, a Germany-based non-governmental organization, by the end of 2023, there were 16.6 billion connected IoT devices, marking a 15 percent increase from 2022, with projections reaching 40 billion by 2030. Thus, rising IoT adoption is fueling the growth of the modular instruments market.

Leading companies in the modular instruments market are focusing on technological innovations such as high-speed PXI/PXIe resolver-simulation modules to enhance fidelity and throughput in automated verification and hardware-in-the-loop testing. High-speed resolver-simulation modules are plug-in PXI or PXIe boards that emulate rotary position sensors at very high rotational or electrical speeds with multi-channel capability and fault insertion, providing realistic analog signals for servo-drive and motion-control testing. For instance, in April 2025, Pickering Interfaces, a UK-based company specializing in modular signal switching and simulation products, launched its 41-670 (PXI) and 43-670 (PXIe) high-speed resolver simulation modules. These modules offer resolver simulation of up to 130,000 revolutions per minute, support multiple bank and channel configurations, and feature transformer-based analog outputs for precise, real-world signal emulation. Integrated relays allow short or open circuit fault insertion, enabling high-fidelity hardware-in-the-loop and embedded software testing, reducing dependence on external switching, and providing high channel density in a compact modular chassis based on PXI and PXIe. These innovations accelerate the development and validation of advanced servo systems across automotive, aerospace, and defense applications.

In October 2023, Emerson Electric Co., a US-based industrial technology and automation company, acquired National Instruments Corporation for an undisclosed amount. With this acquisition, Emerson aims to integrate National Instruments' software-connected modular test and measurement platforms, strengthen automated testing capabilities across semiconductor, electronics, transportation, aerospace, and defense sectors, and operate a dedicated test and measurement division. National Instruments Corporation is a US-based provider of modular instrumentation, automated test systems, and measurement software.

Major companies operating in the modular instruments market are Keysight Technologies Inc., National Instruments Corporation, Rohde & Schwarz GmbH & Co. KG, Fortive Corporation, Advantest Corporation, Anritsu Corporation, Yokogawa Electric Corporation, Viavi Solutions Inc., Pickering Interfaces Ltd., Astronics Corporation, ADLINK Technology Inc., Spectrum Instrumentation GmbH, Gantner Instruments GmbH, Dewesoft, AMETEK Inc., Teradyne Inc., Marvin Test Solutions Inc., Kinetic Systems Inc., Bustec Production Ltd., Chroma ATE Inc., Virginia Panel Corporation, Curtiss-Wright Corporation, Interface Concept SA, Elma Electronic AG, Konrad Technologies GmbH, Aeroflex Inc., Cincoze Co. Ltd.

North America was the largest region in the modular instruments market in 2025. The regions covered in the modular instruments market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the modular instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The modular instruments market consists of sales of modular chassis and embedded controllers, data acquisition and mixed-signal input and output modules, radio frequency and microwave instrument modules, switching and signal-conditioning modules, and timing and synchronization modules. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Modular Instruments Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses modular instruments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for modular instruments ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The modular instruments market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Oscilloscopes; Signal Generators; Spectrum Analyzers; Network Analyzers; Other Product Types
• 2) By Platform Type: PCI eXtensions For Instrumentation (PXI) Platform; VME eXtensions For Instrumentation (VXI) Platform; AdvancedTCA Extensions For Instrumentation And Test (AXIe) Platform
• 3) By Application: Telecommunications; Aerospace And Defense; Automotive; Electronics And Semiconductor; Other Applications
• 4) By End-User: Research And Development; Manufacturing; Other End-Users
• Subsegments:
• 1) By Oscilloscopes: Digital Storage Oscilloscopes; Mixed Signal Oscilloscopes; Sampling Oscilloscopes; Real Time Oscilloscopes; High Bandwidth Oscilloscopes
• 2) By Signal Generators: Arbitrary Waveform Generators; Function Generators; Radio Frequency Signal Generators; Microwave Signal Generators; Vector Signal Generators; Pulse Pattern Generators
• 3) By Spectrum Analyzers: Swept Spectrum Analyzers; Real Time Spectrum Analyzers; Radio Frequency Spectrum Analyzers; Microwave Spectrum Analyzers
• 4) By Network Analyzers: Vector Network Analyzers; Scalar Network Analyzers; Two Port Network Analyzers; Multiport Network Analyzers; Radio Frequency Network Analyzers; Microwave Network Analyzers
• 5) By Other Product Types: Digitizers And Data Acquisition Modules; Digital Multimeters, Source Measure Units; Programmable Power Supplies; Switching And Signal Conditioning Modules; Timing And Synchronization Modules
• Companies Mentioned: Keysight Technologies Inc.; National Instruments Corporation; Rohde & Schwarz GmbH & Co. KG; Fortive Corporation; Advantest Corporation; Anritsu Corporation; Yokogawa Electric Corporation; Viavi Solutions Inc.; Pickering Interfaces Ltd.; Astronics Corporation; ADLINK Technology Inc.; Spectrum Instrumentation GmbH; Gantner Instruments GmbH; Dewesoft; AMETEK Inc.; Teradyne Inc.; Marvin Test Solutions Inc.; Kinetic Systems Inc.; Bustec Production Ltd.; Chroma ATE Inc.; Virginia Panel Corporation; Curtiss-Wright Corporation; Interface Concept SA; Elma Electronic AG; Konrad Technologies GmbH; Aeroflex Inc.; Cincoze Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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