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High Growth Test and Measurement Market Opportunity: Modular Instruments
Frost & Sullivan, Sep 2011, Pages: 137
Uptake of Modular Instrumentation to Increase with the Rising Complexity of Devices under Test
The $524.3 Million Market to Grow to $1.17 Billion by 2017, at a Double-digit Compound Annual Growth Rate of 12.2 Percent
In industries ranging from aerospace to white goods, the complexity of devices under test (DUTs) is rising, with the devices becoming faster, smaller, and cheaper. This greater product sophistication, along with the incorporation of radio frequency (RF) in an increasing number of devices, is compelling engineers to change their test strategy and adopt modular tools that are flexible enough to be customized to their testing needs. Continued innovations by market majors are helping vendors of modular instruments increase the capabilities of their offerings, thereby driving demand. Apart from changing the way devices need to be tested, Moore's Law is improving the functionality of modular instruments. For instance, while RF with PXI was almost an impracticable concept a decade ago, today, RF instrumentation in a small form factor offers very high performance - almost the best in its class. “PXI instrumentation has strongly benefitted from technology innovation in semiconductors and more specifically, processors, field-programmable gate arrays (FPGAs), and data converters,” says the analyst of this research. “Advancements in FPGA capabilities are extremely useful in test and measurement applications, wherein customers need highly deterministic and fast processing capabilities.”
Although these product improvements bode well for the modular instruments testing market, manufacturers will be challenged to replace the traditional instruments. While users are expected to gradually shift to modular instruments, they still primarily use traditional rack-and-stack instrumentation due to product familiarity and ease of use. Another important reason for the slow migration is that customers have a wide array of modular instruments to choose from, while with traditional devices, the decision making is far easier as they are closed systems. In 2010, traditional instruments accounted for almost 85 percent of the total market revenue for general purpose test equipment worldwide. Even though its revenue share is decreasing, it will remain a prominent revenue generator in the total market for the next five years.
Increasing automation, superior DUTs, and the hectic pace of research and development (R&D) will swing the revenue balance in favor of modular instruments over time; nevertheless, it will be critical for market participants to educate potential customers about the key benefits of modular instruments over traditional instrumentation. Modular instruments' vendors should not only convey the instrumentation's ability to lower the cost of tests and address specific testing needs, but also focus on lesser-known advantages such as the scalability of such instrumentation,” notes the analyst. As the complexity of devices will increase the need to integrate the test at the beginning of the design process, customers will be attracted to the products' ability to scale, leveraging R&D investments, and bridging the gap between R&D and production throughout the product lifecycle.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- VXI
- PXI
- AXIe
The following technologies are covered in this research:
- Chassis
- Instrument controllers
- Modules including digitizers/oscilloscopes, digital I/O modules, signal sources, switches, measurement products, and other test and measurement equipment
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