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.
Some of the key questions
answered in this exclusive report are:
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?
Market Segmentation:
In this market, PXI,
AXIe, and VXI are the major segments of modular instrument market by platform
typee. 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.
Ametek, Astronics,
Cobham, Fortive, and JDS Uniphase are the major suppliers in the modular
instrument market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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