DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5b584f/global_modular) has announced the addition of the "Global Modular Instrument Market 2015-2019" report to their offering.
The Global Modular Instrument market to grow at a CAGR of 12.45% over the period 2014-2019.
Modular instruments are used in configuring automated test and measurement equipment. They deliver open software-defined solutions that offer flexibility in terms of customizing measurement and interface. Test and measurement equipment are used in designing, developing, verifying, maintaining, and repairing various electronic and mechanical products.
Cellphones, semiconductors, digital cameras, MP3 players, and solar inverters are some of the electronic products that use modular instruments. Some of the mechanical products that use test and measurement equipment are turbines, automotive suspensions, and aircraft propulsion systems. Modular instruments used to enhance efficiency, reliability, and accuracy of electronic/mechanical products.
The increase in the penetration of PXI platform-based modular instruments in the Military and Defense, and Telecom industries is one of the major trends in the Global Modular Instrument market. PXI platform-based modular instruments can easily integrate the traditional measurement capabilities with automation, machine control, and machine vision.
According to the report, one of the main drivers of the market is the increased need for cost-effective automated test equipment. Many organizations worldwide prefer modular instruments compared to traditional instruments because of operational advantages.
Further, the report states that one of the main challenges in this market is the lack of effective product differentiation. The presence of several international, regional, and local vendors offering similar products has led to intense competition.
Key Vendors
- Aeroflex
- Agilent Technologies
- Astronics
- National Instruments
Other Prominent Vendors
- Giga-tronics
- Guzik Technical Enterprises
- Phase Matrix
- Rohde & Schwarz
- Tabor Electronics
- United Electronic Industries
- VTI Instruments
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Modular Instrument Overview
- Market Landscape
- Market Segmentation by Product
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/5b584f/global_modular