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A Holistic Approach Involving Hardware, Software, and Aftersales Support is Driving Modular Test Equipment’s Future Growth Potential
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The objective of this study is to identify the key trends prevailing in the global modular test equipment market and examine the factors that boost and restrain the growth of the market. The study also discusses the product areas that bolster growth for the forecast period (2021 to 2027). The research provides estimates of the market size and future growth prospects for this period. The global modular test equipment market is estimated to experience an approximate 8.0% compound annual growth rate (CAGR) from 2020 to 2027.The study provides an in-depth analysis with market sizing of the following product segments: • PCI eXtensions for Instrumentation (PXI) o Mainframe/chassis o Instrument controllers o Digital input/output (I/O) o Digitizers/oscilloscopes o Signal generators o Signal analyzers o Network analyzers, digital multimeters o Switches o Power supplies o DC sources/SMUs/PMUs o Other modules (power meters and logic analyzers)• VME eXtensions for Instrumentation (VXI) • AdvancedTCA Extensions for Instrumentation and Test (AXIe) It also offers a regional perspective of demand pattern in advanced and emerging markets. The regional categorization is as follows: • North America—The United States and Canada • Europe—Countries in Western and Eastern Europe, including Russia • Asia-Pacific—Countries on the western border of the Pacific Ocean, including those on the Indo-Chinese peninsula, the Pacific Islands, and Central Asia • Rest of the World—Latin America and regions the above regions do not cover, including the Caribbean Islands, Middle East, and Africa An end-user analysis of the following industries has also been provided:• Communications• Aerospace & Defense• Automotive and Transportation• Electronics• Others (power generation, medical devices, universities, research laboratories, semiconductors)Further, the study also offers a forecast for the growth for the market segments and contains a detailed analysis of the competitive situation, including vendors' market shares.Author: Sujan Sami
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