TechNavio's analysts forecast the Global Modular Instrument market to grow at a CAGR of 12.20 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need for cost-effective automated test equipment. The Global Modular Instrument market has also been witnessing increasing R&D activities across industries. However, the increasing price war among vendors could pose a challenge to the growth of this market.
TechNavio's report, Global Modular Instrument Market 2012-2016, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Modular Instrument market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Agilent Technologies Inc., EADS North America Defense Test and Services Inc., National Instrument Corp., and Aeroflex Holding Corp.
The other vendors mentioned in the report are VTI Instruments Corp., Giga Tronics Inc., Rohde and Schwarz GmbH and
Co KG, Guzik Technical Enterprises Inc., Phase Matrix Inc., Tabor Electronics Ltd., and United Electronic Industries, Inc.
Key questions answered in this report:
What will the market size be in 2016 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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TechNavio's research portfolio in the Engineering series includes reports on the CAM Market, GIS Market, CAD Market, Construction Equipment Market, MES Market, PLM Market, CAE Market, FEA Market, PDM Market, AEC Software Market
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01. Executive Summary
03. Market Coverage
04. Market Landscape
04.1 Market Size and Forecast
04.2 Product Segmentation
04.3 Global Modular Instruments Based on VXI Platform
04.4 Five Forces Analysis
05. Geographical Segmentation
06. Vendor Landscape
07. Buying Criteria
08. Market Growth Drivers
09. Drivers and their Impact
10. Market Challenges
11. Impact of Drivers and Challenges
12. Market Trends
13. Key Vendor Analysis
13.1 Agilent Technologies Inc.
13.2 EADS North America Defense Test and Services Inc.
13.3 National Instruments Corp.
13.4 Aeroflex Holding Corp.
14. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Modular Instrument Market 2012-2016 (US$ million)
Exhibit 2: Global Modular Instrument Market by Product Segmentation 2012
Exhibit 3: Global Modular Instruments Based on PXI Platform Market 2012-2016
Exhibit 4: Global Modular Instruments Based on VXI Platform Market 2012-2016
Exhibit 5: Global Modular Instrument Market by Geographical Segmentation 2012
Exhibit 6: Leading Vendors in the Global Modular Instrument Market 2012
TechNavio Announces the Publication of its Research Report - Global Modular Instrument Market 2012-2016
TechNavio today launched its report, Global Modular Instrument Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers' understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''Increasing RandD activities across various industries such as Automotive, Chemical, Pharmaceutical, Aerospace, Military, and Telecom is the key trend in this market. As the competition among organizations across industries is increasing, organizations are forced to develop compact, innovative, and durable products with increased quality (and at a competitive price). Hence, the organizations have begun to invest significantly in R&D activities in order to differentiate their products from competitors, which in turn helps them to increase their market presence. During these RandD activities, organizations in turn adopt the best-in-class automated test and measurement equipment to develop effective and reliable products. Thus, these increasing RandD activities across industries will in turn increase the demand for the latest test and measurement instrument such as PXI modular instruments across industries.''
According to the report, the increasing need for cost-effective automated test equipment is one of the key factors that drives the growth of the Global Modular Instrument market. There are two types of test instruments, namely: traditional instruments and modular instruments. The architecture of these two instruments is different from each other. In traditional instrument architecture, many components such as chassis and power supply are individually assigned to each discrete instrument. However, in well-designed modular instrument systems, several discrete instruments are clubbed into one system and various components such as power supply, controller, and chassis are shared across instrument modules instead of duplicating these components for every instrument. This in turn helps in reducing the cost of the modular instruments significantly. Hence, a number of organizations across the globe prefer modular instruments compared to traditional instruments.
Further, the report reveals that a major challenge in the market is the reluctance to invest in new test and measurement equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Agilent Technologies, EADS North America Defense Test and Services, National Instrument, Aeroflex Holding, VTI Instruments, Giga Tronics, Rohde & Schwarz, Guzik Technical Enterprises, Phase Matrix, Tabor Electronics, United Electronic Industries
Note: Product cover images may vary from those shown