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PXI-based instrumentation is the fastest-growing segment in the automated electronic test market. The PXI market is valued at $834.9 million as of 2018 and expected to reach $1,883.9 million in 2025, recording a compound annual growth rate (CAGR) of 12.3%. With rapid advances in technology, T&M vendors are facing growing customer skepticism on the longevity of their investment. Developing and marketing products based on rapidly changing customer needs poses a key challenge for solution providers. The measurement speed of the platform and its flexibility attract customers across industries looking to reduce their cost of test and time-to-market. The commoditization of hardware along with increased availability of data will drive Test & Measurement vendors to add value and show differentiation through software features and Big Data and predictive analytics services. These will increasingly give rise to software-upgradable instruments such as PXI-based modular instruments. In this study, external challenges are identified and form the basis of the revenue forecast. The base year is 2018, and the forecast period runs through 2025. The market is analyzed from various perspectives–by component/module, end user, product life cycle, and geography. The competitive landscape is expected to change significantly in the next few years. A detailed market share analysis is included, identifying the companies expected to outperform competitors in this space.Objectives of this study are:· To describe the drivers and restraints impacting the global PXI test and measurement market· To provide a quantitative model that shows market revenues by module, end user, and geography· To provide a market share analysis Scope of the Study:· Base Year: 2018 · Study Period: 2015–2025 · Forecast Period: 2019–2025 PXI products have been broadly segmented into:· Mainframes/Chassis· Instrument controllers· Digital I/O· Digitizers/Oscilloscopes· Signal generators· Signal analyzers· Network analyzers· Digital multimeters· Switches· Power supplies· DC sources, SMUs, and PMUs· Other modulesEnd-user industries include:· Communications· Aerospace and Defense (A&D)· Automotive and Transportation (A&T)· Industrial Electronics· Consumer Electronics· Other end usersApplications are broadly segmented into:· Research and Development (R&D)· Manufacturing· FieldRegions include:· North America (including the United States and Canada)· Europe (including Western, Eastern, and Central Europe and Russia and the CIS countries)· Asia-Pacific (including China, India, Japan, South Korea, Taiwan, Southeast Asia, Australia, and New Zealand)· Latin America and the Middle East and Africa
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