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Global Modular Instruments Market to reach USD 3420billion by 2027.

Global Modular Instruments Market Size study, by Platform (PXI, AXIe and VXI), by End-use (Telecommunications, Aerospace & Defense, Automotive & Transportation and Electronics & Semiconductor), and Regional Forecasts 2021-2027

Product Code: ICTH-46761953
Publish Date: 2-09-2021
Page: 200

Global Modular Instruments Market is valued approximately at USD 2230billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2021-2027. Modular instruments use a frame, into which different types, or a varying number, of functional cards can be plugged. Modular instruments do not have their own user interface because of which they use a computer user interface. Rising penetration of Internet of Things (IoT) devices, growing demand for wireless technologies and technological instruments are fueling the demand for modular instruments market. According to Statista, number of installed IoT devices worldwide were 23.14 billion in 2018 which went up to 30.73 billion in 2020. Also, they are expected to reach 75.44 billion by 2025. Additionally, market size of wireless connectivity worldwide has increased from USD 42.8 billion in 2017 to USD 54.7 billion in 2020 and expected to reach USD 127.9 billion by 2027. Furthermore, growing adoption of electronics and semiconductor devices and rising investment in deployment of 5G network are expected to bolster the demand of modular instruments during forecast period. However, lack of skilled workforce coupled with high cost of devices may hinder the growth during forecast period.

Asia Pacific is leading the world market in terms of market share among Asia Pacific, North America, Europe, Latin America, and Rest of the World, and is also expected to witness the highest growth during forecast period. Growing number of mobile devices, rising investment in aerospace and defense industry especially in India and China are growing the Asia Pacific modular instruments market.
Major market player included in this report are:

Keysight Technologies
National Instruments
Fortive Corporation
Viavi Solutions
Aplab Limited
Qmax Test Equipment
Tektronix Inc.
Fastech Telecommunications
JDS Uniphase
Lumentum Holdings Inc.
Teradyne

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Platform:
PXI
AXIe
VXI
By End-Use:
Telecommunications
Aerospace & Defense
Automotive & Transportation
Electronics & Semiconductor

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Modular Instruments Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Modular Instruments Market, by Region, 2019-2027 (USD Billion)
1.2.2. Modular Instruments Market, by Platform, 2019-2027 (USD Billion)
1.2.3. Modular Instruments Market, by End-use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Modular Instruments Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Modular Instruments Market Dynamics
3.1. Modular Instruments Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Technological advancements
3.1.1.2. Rising penetration of IoT devices
3.1.2. Market Restraint
3.1.2.1. Lack of skilled workforce
3.1.2.2. High cost of instruments
3.1.3. Market Opportunities
3.1.3.1. Rising investment in 5G deployment
3.1.3.2. Growing adoption of electronics and semiconductor devices
Chapter 4. Global Modular Instruments Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Modular Instruments Market, by Platform
5.1. Market Snapshot
5.2. Global Modular Instruments Market by Platform, Performance – Potential Analysis
5.3. Global Modular Instruments Market Estimates & Forecasts by Platform 2018-2027 (USD Billion)
5.4. Modular Instruments Market, Sub Segment Analysis
5.4.1. PXI
5.4.2. AXIe
5.4.3. VXI
Chapter 6. Global Modular Instruments Market, by End-use
a. Market Snapshot
6.1. Global Modular Instruments Market by End-use, Performance – Potential Analysis
6.2. Global Modular Instruments Market Estimates & Forecasts by End-use 2018-2027 (USD Billion)
6.3. Modular Instruments Market, Sub Segment Analysis
6.3.1. Telecommunications
6.3.2. Aerospace & Defense
6.3.3. Automotive & Transportation
6.3.4. Electronics & Semiconductor
Chapter 7. Global Modular Instruments Market, Regional Analysis
7.1. Modular Instruments Market, Regional Market Snapshot
7.2. North America Modular Instruments Market
7.2.1. U.S. Modular Instruments Market
7.2.1.1. Platform breakdown estimates & forecasts, 2018-2027
7.2.1.2. End-use breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Modular Instruments Market
7.3. Europe Modular Instruments Market Snapshot
7.3.1. U.K. Modular Instruments Market
7.3.2. Germany Modular Instruments Market
7.3.3. France Modular Instruments Market
7.3.4. Spain Modular Instruments Market
7.3.5. Italy Modular Instruments Market
7.3.6. Rest of Europe Modular Instruments Market
7.4. Asia-Pacific Modular Instruments Market Snapshot
7.4.1. China Modular Instruments Market
7.4.2. India Modular Instruments Market
7.4.3. Japan Modular Instruments Market
7.4.4. Australia Modular Instruments Market
7.4.5. South Korea Modular Instruments Market
7.4.6. Rest of Asia Pacific Modular Instruments Market
7.5. Latin America Modular Instruments Market Snapshot
7.5.1. Brazil Modular Instruments Market
7.5.2. Mexico Modular Instruments Market
7.6. Rest of The World Modular Instruments Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Keysight Technologies
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. National Instruments
8.2.3. Fortive Corporation
8.2.4. Viavi Solutions
8.2.5. Aplab Limited
8.2.6. Qmax Test Equipment
8.2.7. Tektronix Inc.
8.2.8. Fastech Telecommunications
8.2.9. JDS Uniphase
8.2.10. Lumentum Holdings Inc.
8.2.11. Teradyne

Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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