Modular Instruments Market Analysis APAC,North America,Europe,South America,Middle East and Africa - US,China,Japan,Germany,UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 177 SKU: IRTNTR43842

Modular Instruments Market Forecast 2023-2027

The modular instruments market size is forecast to increase by USD 1.08 billion at a CAGR of 9.69% between 2022 and 2027. The growth of the market hinges on several key factors, including the robust expansion of the communication sector in the Asia-Pacific region, the steady growth of aerospace and defense sectors in developed economies, and the increasing export volumes of electronics from East Asian countries. These elements collectively drive the momentum of market expansion, reflecting the dynamic interplay between regional advancements and global trade dynamics. Our market research and growth report examines historical data from 2017 to 2021, besides analyzing the current market scenario. This market report and analysis also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the Size of the Modular Instruments Market During the Forecast Period?

Modular Instruments Market Forecast 2023-2027

To learn more about this report,  Request Free Sample

Market Segmentation by End-User

The semiconductor and electronics segment will account for a major share of the market's growth during the forecast period.? In the semiconductor and electronics industries, processes that require the use of modular tools include mechanical and electrical engineering, nano and submicron precision technology, photonics manufacturing, and nanotechnology. The production of printed circuit boards became popular due to the advancements it is making in newer, faster, and more precise manufacturing technologies. Therefore, it is expected to create a demand for modular instruments.

Get a Customised Report as per your requirements for FREE!

The semiconductor and electronics segment was valued at USD 459.86 million in 2017 and continued to grow until 2021.? The US, Taiwan, South Korea, and China were the main contributors to the growth of the global semiconductor industry.  The growth of the semiconductor industry has been aided by factory automation and building and housing control. China's economy is slowly recovering due to government-backed stimulus programs to support various industries, including semiconductors and consumer electronics. This has resulted in companies in various industrial sectors increasing spending on microchips, including manufacturing and process automation, T and M, building and home control, security, and video surveillance. Thus, driving the growth of the market during the forecast period.

Market Segmentation by Product

Based on the product, the market has been segmented into the PXI platform, VXI platform, and AXIe platform. The PXI platform?segment will account for the largest share of this segment.?The PXI platform operates on a peripheral component interconnect (PCI), which reduces the cost of modular instruments. It also improves the performance of automatic T and M devices. This is due to the availability of up-to-date peripherals and the latest software, offered by a number of PC vendors around the world. Furthermore, the instrument studio also saves project-level configurations for the specific devices under test (DUT), which can be reused later or shared with others. This efficiency is important for testing highly mixed devices and provides convenient test repeatability for engineers or technicians. Thus, such factors drive the growth of the PXI platform in the global market during the forecast period.

Regional Analysis

For more insights on the market share of various regions View PDF Sample now!

APAC is estimated to contribute 45% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Major investments in wireless communications for IoT (Internet of Things) and defense and aviation industries are playing a key role in driving the market in APAC. China, Japan, and South Korea are the leading countries in the production of modular instruments in the region, as there are many suppliers in these countries that manufacture low-cost advanced test equipment for defense and aerospace applications.

Moreover, the growth of the IoT field is expected to create a demand in APAC. The implementation of modular instruments in the media industry depends on the development of the telecommunications industry. APAC is the fastest-growing market for wireless test equipment. The growing number of mobile network subscribers in the APAC region, coupled with the increasing penetration of smartphones, will have a positive impact on the market in this region during the forecast period.

Market Dynamics

The market is witnessing substantial growth driven by advancements in technological innovations and the widespread adoption of electronic devices across various sectors. With the proliferation of smartphone manufacturers and the expansion of communication and networking capabilities, the demand for modular instruments is on the rise. These instruments cater to diverse industries, benefiting from the collaboration between network providers, electronic component manufacturers, and the integration of IoT devices. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.   

Key Market Driver

Expanding aerospace and defense sectors in developed economies. Over recent years, there has been a noticeable decline in the revenue growth rate of the global aerospace and defense industry. However, there's a promising outlook driven by increased defense budgets in developed countries like the UK, US, France, Japan, and several Middle Eastern nations. This surge in funding is expected to significantly boost sales of modular equipment, especially with the rise of global security threats.

Moreover, there's anticipation of a recovery in the defense sector as governments of developed nations focus on modernizing their armed forces. This entails embracing next-generation technologies such as technological innovations in defense electronics, precision strike applications, cyber defense, and intelligence collection. The growth in the defense sector is projected to fuel market expansion in the forecast period, stimulating adoption across various segments including communication and networking, electronic device adoption, smartphone manufacturers, network providers, electronic component manufacturers, and IoT devices.

Significant Market Trends

Emergence of 5G network.is a major trend. The rising number of mobile users, higher loads on mobile networks, as well as the emergence of IoT have triggered the growth of 5G networks. These networks operate on unused bands, such as V-band, to transmit large amounts of data. Current test solutions are developed for high bandwidth applications involving complex setups that require frequent calibration. These solutions have a linearity problem, resulting in the lack of fast response provided by solutions based on a single oscilloscope. 

Moreover, the 5G networks have multipoint connectivity with distributed MIMO. They can provide multiple MIMO streams while a single device is connected to multiple sites at the same time, achieving up to 100% downlink throughput. So network operators are working with testing companies to test and develop 5G technology. Hence, such emergence is contributing to the growth of the global market during the forecast period.

Major Market Challenge

Growing leasing and rental services is a major challenge. The use of T&M as modular instruments is promoted by increased scrutiny of large capital and associated costs. In addition, companies have paid more attention to the use of these modular tools and have developed strategies to better manage them. As a result, there is growing awareness of the different means of purchasing them, including rental and leasing services. Penetration of these services in the companies has been steadily increasing. While much of this market represents field applications, R&D and manufacturing applications present excellent opportunities for rental and leasing services. 

Additionally, in research, projects particularly dependent on rental services and high prices, coupled with rapidly changing technology, offer more opportunities for leasing in evolving applications. In the manufacturing industry, companies that need high flexibility or those that deal with seasonality and focus on cost management will create opportunities for such rental services. Hence, the growing leasing and rental services for various modular instruments are expected to hamper their demand across the globe during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ADLINK Technology Inc.: The company offers modular instruments such as the PXI platform for modular automated test equipment ATE, with PXI modules, chassis, and controllers providing interoperability.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

AMETEK Inc., Aplab Ltd., Astronics Corp., Chroma ATE Inc., Coolisys Technology Inc., EXFO Inc., Fortive Corp., GOPEL electronic GmbH, Guzik Technical Enterprises, Keysight Technologies Inc., National Instruments Corp., Pickering Interfaces Ltd., Rohde and Schwarz GmbH and Co. KG, Sulzer Management Ltd., Teledyne Technologies Inc., Teradyne Inc., The Marvin Group, Viavi Solutions Inc., and Yokogawa Electric Corp.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

The Global Modular Instruments Market is witnessing significant growth fueled by Technological Innovations and the widespread adoption of Electronic Devices across various sectors. Key players, including Smartphone Manufacturers, Network Providers, and Electronic Component Manufacturers, are driving demand for modular instruments to support Communication and Networking, especially with the proliferation of IoT Devices and Connected Devices. These instruments find applications in diverse fields such as Vehicles, Utility Meters, and Wearable Technology. While 5G Deployment and advancements in Wireless Communication are expanding market opportunities, challenges persist, including the High Cost of Instruments and the need for a Skilled Workforce. The market encompasses a wide range of solutions, including Machine Vision Systems, Automatic Test Equipment, and Spectrum Analyzers, catering to industries like Telecommunication and Aerospace & Defense. This market is witnessing robust growth driven by the increasing adoption of Electronic Devices across various sectors.

Manufacturers of Electronics and Semiconductor Devices, are leveraging advancements such as Narrowband IoT (NB-IOT), Bluetooth Low Energy (BLE), and LTE-M to cater to the evolving needs of the Wireless Communication Industry. This market encompasses a wide range of solutions, from Tracking Devices and Vending Machines to Tablets and Manufacturing Facilities. As the demand for efficient testing and measurement tools rises, specialized instruments like Network Analyzers and Signal Generators play a crucial role, particularly in the telecommunication segment. Additionally, the AXIe Segment with LAN and PCIe Interfaces offers high-performance solutions for diverse applications. One key driver is the increasing demand from the aerospace & defense segment, which relies heavily on precise testing and measurement. Moreover, with the proliferation of smart devices and wireless communication devices, there's a surge in mobile data traffic worldwide. This necessitates robust testing solutions to ensure network reliability and performance. The emergence of long-term evolution (LTE) and other advanced wireless technologies further underscores the need for sophisticated test and measurement instruments. Modular instruments manufacturers, recognizing this demand, are investing in developing innovative solutions to cater to diverse infrastructure requirements. Collaboration with industry giants like GSMA enhances the market reach and fosters technological advancements in the field.

Segment Overview

This market trends and analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook (USD Million, 2017 - 2027)
    • Semiconductor and electronics
    • Telecommunication
    • Aerospace and defense
    • Others
  • Product Outlook (USD Million, 2017 - 2027)
    • PXI platform
    • VXI platform
    • AXIe platform
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Modular Instruments Market Scope

Report Coverage

Details

Page number

177

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.69%

Market growth 2023-2027

USD 1,08 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

9.59

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ADLINK Technology Inc., AMETEK Inc., Aplab Ltd., Astronics Corp., Chroma ATE Inc., Coolisys Technology Inc., EXFO Inc., Fortive Corp., GOPEL electronic GmbH, Guzik Technical Enterprises, Keysight Technologies Inc., National Instruments Corp., Pickering Interfaces Ltd., Rohde and Schwarz GmbH and Co. KG, Sulzer Management Ltd., Teledyne Technologies Inc., Teradyne Inc., The Marvin Group, Viavi Solutions Inc., and Yokogawa Electric Corp.

Market dynamics

Market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Market analysis and report on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market growth analysis across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Market forecasting of factors that will challenge the growth of the key market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global modular instruments market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global modular instruments market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Semiconductor and electronics - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Semiconductor and electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Semiconductor and electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)
    • 6.4 Telecommunication - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Telecommunication - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Telecommunication - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Telecommunication - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Telecommunication - Year-over-year growth 2022-2027 (%)
    • 6.5 Aerospace and defense - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by End-user
      • Exhibit 50: Market opportunity by End-user ($ million)
      • Exhibit 51: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 52: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 54: Chart on Comparison by Product
      • Exhibit 55: Data Table on Comparison by Product
    • 7.3 PXI platform - Market size and forecast 2022-2027
      • Exhibit 56: Chart on PXI platform - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on PXI platform - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on PXI platform - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on PXI platform - Year-over-year growth 2022-2027 (%)
    • 7.4 VXI platform - Market size and forecast 2022-2027
      • Exhibit 60: Chart on VXI platform - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on VXI platform - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on VXI platform - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on VXI platform - Year-over-year growth 2022-2027 (%)
    • 7.5 AXIe platform - Market size and forecast 2022-2027
      • Exhibit 64: Chart on AXIe platform - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on AXIe platform - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on AXIe platform - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on AXIe platform - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 68: Market opportunity by Product ($ million)
      • Exhibit 69: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ADLINK Technology Inc.
              • Exhibit 123: ADLINK Technology Inc. - Overview
              • Exhibit 124: ADLINK Technology Inc. - Business segments
              • Exhibit 125: ADLINK Technology Inc. - Key offerings
              • Exhibit 126: ADLINK Technology Inc. - Segment focus
            • 12.4 AMETEK Inc.
              • Exhibit 127: AMETEK Inc. - Overview
              • Exhibit 128: AMETEK Inc. - Business segments
              • Exhibit 129: AMETEK Inc. - Key offerings
              • Exhibit 130: AMETEK Inc. - Segment focus
            • 12.5 Astronics Corp.
              • Exhibit 131: Astronics Corp. - Overview
              • Exhibit 132: Astronics Corp. - Business segments
              • Exhibit 133: Astronics Corp. - Key offerings
              • Exhibit 134: Astronics Corp. - Segment focus
            • 12.6 Chroma ATE Inc.
              • Exhibit 135: Chroma ATE Inc. - Overview
              • Exhibit 136: Chroma ATE Inc. - Business segments
              • Exhibit 137: Chroma ATE Inc. - Key offerings
              • Exhibit 138: Chroma ATE Inc. - Segment focus
            • 12.7 Coolisys Technology Inc.
              • Exhibit 139: Coolisys Technology Inc. - Overview
              • Exhibit 140: Coolisys Technology Inc. - Product / Service
              • Exhibit 141: Coolisys Technology Inc. - Key offerings
            • 12.8 Fortive Corp.
              • Exhibit 142: Fortive Corp. - Overview
              • Exhibit 143: Fortive Corp. - Business segments
              • Exhibit 144: Fortive Corp. - Key news
              • Exhibit 145: Fortive Corp. - Key offerings
              • Exhibit 146: Fortive Corp. - Segment focus
            • 12.9 GOPEL electronic GmbH
              • Exhibit 147: GOPEL electronic GmbH - Overview
              • Exhibit 148: GOPEL electronic GmbH - Product / Service
              • Exhibit 149: GOPEL electronic GmbH - Key offerings
            • 12.10 Keysight Technologies Inc.
              • Exhibit 150: Keysight Technologies Inc. - Overview
              • Exhibit 151: Keysight Technologies Inc. - Business segments
              • Exhibit 152: Keysight Technologies Inc. - Key news
              • Exhibit 153: Keysight Technologies Inc. - Key offerings
              • Exhibit 154: Keysight Technologies Inc. - Segment focus
            • 12.11 National Instruments Corp.
              • Exhibit 155: National Instruments Corp. - Overview
              • Exhibit 156: National Instruments Corp. - Product / Service
              • Exhibit 157: National Instruments Corp. - Key news
              • Exhibit 158: National Instruments Corp. - Key offerings
            • 12.12 Rohde and Schwarz GmbH and Co. KG
              • Exhibit 159: Rohde and Schwarz GmbH and Co. KG - Overview
              • Exhibit 160: Rohde and Schwarz GmbH and Co. KG - Product / Service
              • Exhibit 161: Rohde and Schwarz GmbH and Co. KG - Key offerings
            • 12.13 Sulzer Management Ltd.
              • Exhibit 162: Sulzer Management Ltd. - Overview
              • Exhibit 163: Sulzer Management Ltd. - Business segments
              • Exhibit 164: Sulzer Management Ltd. - Key news
              • Exhibit 165: Sulzer Management Ltd. - Key offerings
              • Exhibit 166: Sulzer Management Ltd. - Segment focus
            • 12.14 Teledyne Technologies Inc.
              • Exhibit 167: Teledyne Technologies Inc. - Overview
              • Exhibit 168: Teledyne Technologies Inc. - Business segments
              • Exhibit 169: Teledyne Technologies Inc. - Key news
              • Exhibit 170: Teledyne Technologies Inc. - Key offerings
              • Exhibit 171: Teledyne Technologies Inc. - Segment focus
            • 12.15 Teradyne Inc.
              • Exhibit 172: Teradyne Inc. - Overview
              • Exhibit 173: Teradyne Inc. - Business segments
              • Exhibit 174: Teradyne Inc. - Key news
              • Exhibit 175: Teradyne Inc. - Key offerings
              • Exhibit 176: Teradyne Inc. - Segment focus
            • 12.16 Viavi Solutions Inc.
              • Exhibit 177: Viavi Solutions Inc. - Overview
              • Exhibit 178: Viavi Solutions Inc. - Business segments
              • Exhibit 179: Viavi Solutions Inc. - Key offerings
              • Exhibit 180: Viavi Solutions Inc. - Segment focus
            • 12.17 Yokogawa Electric Corp.
              • Exhibit 181: Yokogawa Electric Corp. - Overview
              • Exhibit 182: Yokogawa Electric Corp. - Business segments
              • Exhibit 183: Yokogawa Electric Corp. - Key offerings
              • Exhibit 184: Yokogawa Electric Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

                PURCHASE FULL REPORT OF

                modular instruments market market

                QUICK BUY

                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

                Why should you prefer Technavio's market insights report?

                • Off-the-shelf research reports
                • Reports can be tailored to meet the customer's needs
                • Trusted by more than 100 fortune 500 organizations
                • Information about the market's key drivers, trends, and challenges
                • Parent market analysis
                • Every week, 50,000 people visit our subscription platform
                • Detailed vendors report with competitive landscape
                • Covid-19 impact and recovery analysis
                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis