Boston, MA -- (SBWIRE) -- 01/21/2015 -- 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.

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TechNavio's analysts forecast the Global Modular Instrument market to grow at a CAGR of 12.45 percent over the period 2014-2019.

Covered in this Report

The Global Modular Instrument market considers three major products for revenue generation: PXI, VXI, and AXIE.

TechNavio's report, Global Modular Instrument Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Key Regions

- Americas
- APAC
- EMEA

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

Market Driver

- Increased Need for Cost-effective Automated Test Equipment
- For a full, detailed list, view our report

Market Challenge

- Lack of Effective Product Differentiation
- For a full, detailed list, view our report

Market Trend

- Increase in M&A
- For a full, detailed list, view our report

Key Questions Answered in this Report

- What will the market size be in 2019 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Aeroflex, Agilent Technologies, Astronics, National Instruments, Giga-tronics, Guzik Technical Enterprises, Phase Matrix, Rohde & Schwarz, Tabor Electronics, United Electronic Industries, VTI Instruments

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