Product Code: GVR-4-68038-640-0
Modular Instruments Market Growth & Trends:
The global Modular Instruments market size is expected to reach USD 6.07 billion by 2030, registering a CAGR of 9.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth of wireless communication industry has resulted in the adoption of modular instruments for testing, inspecting, and monitoring the performance of the devices. Moreover, Technological advancement in the wireless communication industry, such as the evolution of 5G, radar communication, satellite communication, radio, and television broadcasting among others coupled with the rapid adoption of IoT devices, are some of the factors anticipated to affect the market growth positively.
The growing communications networking industry has resulted in the need for increased network capacity and faster transmission speeds. This need is driven by the increasing number of connected mobile devices and the demand for high-speed broadband access to support high-bandwidth applications. Modular instruments are used for testing of devices and components at the development or manufacturing stage of the device. Thus, owing to the need for greater network agility and high-performance networks, there has been increased adoption of modular instruments.
The proliferation of connected mobile devices such as smartphones and tablets has driven network usage and dependency on the networks. Furthermore, expansion of IP based services, which provide users with anywhere-anytime access to content over a range of electronic devices and increasing deployments of higher-speed networks, has resulted in a need to reduce the deployment time and cost. Several companies are focusing on developing accurate network communication devices, thereby creating opportunities for the growth of the market. For instance, in October 2019, GBT Technologies Inc., a company engaged in the development of IoT enabled tracking and networking technologies, announced the set-up of research and development for IC micro-solar cell structures. This company is planning to explore solar micro-solar cell technology targeted to operate applications that require either an intermittent or continuous power source.
Modular instruments are significantly used in the automotive industry by several automobile manufacturers owing to trends related to autonomous driving and connected car technologies. Similarly, the rising implementation of IoT devices in vehicles is generating the need for testing, inspecting, and verifying the devices owing to complexities and design constraints of the devices. Hence, to ensure devices work correctly, modular instruments are used. Additionally, the advancement of technologies related to infotainment systems, collision avoidance, driverless vehicles, and the Wi-Fi standard 802.11p in the automotive industry is anticipated to drive the market growth.
Modular Instruments Market Report Highlights:
- The PXI segment held the largest market revenue share of 44.4% in 2024. PXI offers high-speed data transfer, superior synchronization, and a scalable architecture, making it suitable for the aerospace, automotive, and telecommunications industries, where precision testing and automation are crucial.
- The direct distribution segment dominated the modular instruments industry with the revenue share of 51.5% in 2024. The rise of e-commerce platforms and digital marketing strategies drives the direct distribution channel's growth.
- North America held the largest market revenue share of 36.0% in 2024. The growing need for flexible, scalable testing and measurement solutions across various industries, particularly in the telecommunications, aerospace, and automotive sectors, drives market growth.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Modular Instruments Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Modular Instruments Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Modular Instruments Market Platform Outlook
- 4.1. Modular Instruments Market, By Platform Analysis & Market Share, 2024 & 2030
- 4.2. PXI and PXIE
- 4.2.1. PXI and PXIE market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.1. Measurement Instruments
- 4.2.1.1.1. Measurement instruments market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.2. Signal Generation Instruments
- 4.2.1.2.1. Signal generation instruments market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.3. Other PXI and PXIE Instruments
- 4.2.1.3.1. Other PXI and PXIE instruments market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.4. PXI and PXIE Chassis
- 4.2.1.4.1. PXI and PXIE chassis market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Benchtop
- 4.3.1. Benchtop market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4. 19 Inch
- 4.4.1. 19 inch market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.5. VXI
- 4.5.1. VXI market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Modular Instruments Market Distribution Channel Outlook
- 5.1. Modular Instruments Market, By Distribution Channel Analysis & Market Share, 2024 & 2030
- 5.2. Direct Distribution
- 5.2.1. Direct Distribution market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. Indirect Distribution
- 5.3.1. Indirect Distribution market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Others
- 5.4.1. Others market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Modular Instruments Market End Use Outlook
- 6.1. Modular Instruments Market, By End Use Analysis & Market Share, 2024 & 2030
- 6.2. Telecommunications
- 6.2.1. Telecommunications market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3. Aerospace & Defense
- 6.3.1. Aerospace & Defense market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4. Automotive
- 6.4.1. Automotive market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.1.1. OEMs
- 6.4.1.1.1. OEMs market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.1.2. Suppliers & Integrators
- 6.4.1.2.1. Suppliers & integrators market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.1.3. Others
- 6.4.1.3.1. Others market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5. Transportation
- 6.5.1. Transportation market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6. Electronics
- 6.6.1. Electronics market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6.1.1. Consumer Electronics
- 6.6.1.1.1. Consumer electronics market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6.1.2. Commercial Electronics
- 6.6.1.2.1. Commercial electronics market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.7. Semiconductor
- 6.7.1. Semiconductor market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.8. Others
- 6.8.1. Others market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Modular Instruments Market: Regional Estimates & Trend Analysis
- 7.1. Modular Instruments Market Share, By Region, 2024 & 2030, USD Billion
- 7.2. North America
- 7.2.1. North America Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. UK
- 7.3.2.1. UK Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Germany
- 7.3.3.1. Germany Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.2.1. China Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. Japan
- 7.4.3.1. Japan Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. Australia
- 7.4.4.1. Australia Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. UAE
- 7.6.2.1. UAE Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Modular Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Agilent Technologies
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Advantest Corporation
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. AMETEK, Inc.
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Astronics Corporation
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Delta Electronics, Inc.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Fortive Corporation
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Keysight Technologies
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Picotest Corp
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Pickering
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Rohde & Schwarz
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. Thermo Fisher Scientific
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Product Benchmarking
- 8.4.11.4. Strategic Initiatives
- 8.4.12. Teledyne Technologies Incorporated
- 8.4.12.1. Participant's Overview
- 8.4.12.2. Financial Performance
- 8.4.12.3. Product Benchmarking
- 8.4.12.4. Strategic Initiatives
- 8.4.13. Teradyne Inc.
- 8.4.13.1. Participant's Overview
- 8.4.13.2. Financial Performance
- 8.4.13.3. Product Benchmarking
- 8.4.13.4. Strategic Initiatives
- 8.4.14. VIAVI Solutions Inc.
- 8.4.14.1. Participant's Overview
- 8.4.14.2. Financial Performance
- 8.4.14.3. Product Benchmarking
- 8.4.14.4. Strategic Initiatives
- 8.4.15. Yokogawa Electric Corporation
- 8.4.15.1. Participant's Overview
- 8.4.15.2. Financial Performance
- 8.4.15.3. Product Benchmarking
- 8.4.15.4. Strategic Initiatives