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. For further information on this report, please visit https://www.technavio.com/content/global-modular-instrument-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Modular Instrument Market 2012-2016
