Modular Instruments Market Outlook (2023 to 2033)

The global modular instruments market size is likely to be valued at US$ 1.8 billion in 2023. The market revenue is anticipated to expand at 2.3X and surpass US$ 4.2 billion by 2033, registering a CAGR of 8.5%.

The use of the Internet of Things, automotive technology, 5G, virtual reality, and AI is increasing significantly. This results in growth in the semiconductor and electronics markets, leading to market growth. Modular instruments can evaluate parts and determine how well electronic systems are working.

The demand for wireless technologies is growing owing to developments in the wireless communications industry, such as LTE. The adoption of smart devices is increasing and mobile data traffic growth is rising as well. The shift toward offering integrated voice, video, and data services has led to a demand for solutions to test network performance. These factors affect the modular instrument industry substantially.

The market is also boosted by developments in 4G and 5G infrastructure, LTE systems, and increased adoption of smart devices. Advanced supermodular instruments are required for testing and measurement of new technologies such as LTE-A, 4G, and 5G. With the increasing adoption of 5G technology, the demand for modular instruments is expected to grow significantly.

PXI-based modular instruments are widely used, ensuring the interoperability of modules and chassis from multiple vendors. This has led to the creation of new modular instrument synths that provide accuracy and better results to customers.

Cloud computing is being adopted in many sectors, creating a high demand for IT services. This has led to an increase in data centers globally. The demand for modular and flexible instruments is growing in the aerospace and defense sector.

The adoption of the Internet of Things (IoT) by the government, healthcare, automotive, and utility sectors is also driving market growth. For example, General Motors planned to release autonomous cars in 2021.

The growing trend toward digitization and automation is also projected to boost the demand for modular instruments. Modular instruments sequencer can easily integrate with software and digital systems. Hence, these instruments enable better automation and efficiency in testing and measurement processes.

Growing leasing and rental services as well as competition in the market may obstruct market growth. High costs of research and development and regulatory framework in developing economies may also hinder growth.

Attributes Details
Base Year Value (2022) US$ 1.7 billion
Current Year Value (2023) US$ 1.8 billion
Expected Forecast Value (2033) US$ 4.2 billion
Historical CAGR (2018 to 2022) 9.2%
Projected CAGR (2023 to 2033) 8.5%

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2023 to 2033 Modular Instruments Market Outlook in Comparison to Sales Registered from 2018 to 2022

The sales of modular instruments are projected to expand by US$ 2.4 billion between 2023 and 2033, surpassing the growth of US$ 500 million observed between 2018 and 2022.

During the historical period, increasing demand for modular instruments in the aerospace and defense industry positively affected market growth. The growing demand for modular instruments in the automotive industry and the telecommunications industry was also supporting the growth. For instance, AUDI collaborated with Nvidia to develop a highly automated car.

The COVID-19 pandemic disrupted the supply chains of many industries. As restrictions are lifted, the semiconductor distribution network started to improve. For example,

  • National Instruments prioritized the deployment of emerging technologies such as fabric technologies and washable PPE in May 2020, resulting in a slight decline in YoY growth but generating US$ 309 million.

The market is expected to grow significantly given the increasing demand for 5G and LTE in various industries. Telecommunications, electronics, semiconductors, and defense & aerospace industries are witnessing massive demand for these instruments. Modular instruments cluster can be deployed in many industries. These instruments enhance the scalability and functionality of industry-specific IoT devices and equipment.

  • In October 2022, Particle introduced a line of LTE modules with an M.2 form factor for expanded compatibility. This makes it possible for businesses to connect equipment to the internet and boost productivity.

The high adoption of IoT devices and growing 5G infrastructure are likely to present opportunities for the market players. The production of flexible electronics and the integration of connected devices with IoT is also projected to open up possibilities for the market further.

The deployment of 5G is providing opportunities for modular instrument manufacturers to capitalize on. Large and technologically advanced infrastructure is required for the deployment. This leads to an increase in modular instrument usage for testing 5G gateways and access points in the wireless communication industry.

Exploring the Regional Patterns of the Modular Instruments Market: An In-depth Examination at the Country Level

Country The United States
Historical CAGR (2018 to 2022) 7.7%
Forecasted CAGR (2023 to 2033) 7.3%
Projected Market Value (2033) 1.3 billion
Country The United Kingdom
Historical CAGR (2018 to 2022) 8.0%
Forecasted CAGR (2023 to 2033) 7.6%
Projected Market Value (2033) 192.7 million
Country China
Historical CAGR (2018 to 2022) 10.7%
Forecasted CAGR (2023 to 2033) 9.4%
Projected Market Value (2033) 355.3 million
Country Japan
Historical CAGR (2018 to 2022) 8.4%
Forecasted CAGR (2023 to 2033) 7.9%
Projected Market Value (2033) 300.1 million
Country South Korea
Historical CAGR (2018 to 2022) 10.0%
Forecasted CAGR (2023 to 2033) 8.9%
Projected Market Value (2033) 167.4 million

Modular Instruments Pave the Way for Experimentation in North America

North America holds the lion's share of the global market. The region has the presence of several important companies and top suppliers. National Instruments Corporation introduced a new visual studio software interface in November 2022 with a 2GHz bandwidth and a frequency range of up to 23GHz.

The United States modular instruments market is experiencing significant growth given the increasing demand for flexible and scalable testing solutions in various industries. Additionally, the market is anticipated to flourish substantially owing to consumer preference for connected vehicles and smart transportation systems.

The country is also witnessing significant demand for unmanned aerial vehicles (UAVs) and other defense systems. The United States Department of Defense's budget is expected to increase sales of modular testing equipment used for monitoring communication networks and surveillance applications.

In the United States, both the electric car industry and the performance testing paradigm are seeing notable growth. Thus, engineers are utilizing novel testing techniques to shorten cycle times and boost productivity. For instance,

  • In 2019, Tesla obtained Maxell Technologies, a company that invented high-power-density, ultra-capacitors, and cutting-edge battery technology. Tesla can now provide batteries that are less expensive and have a long lifespan by utilizing Maxwell's dry battery electrode technology.

Modular Instruments become the New Norm for Industries in Europe

Europe has also been expanding at a significant rate. The expansion of photonics manufacturing, which is necessary for solar cells in solar plants, is driven by the rising demand for clean energy in the nations of Europe.

A photovoltaic installation in Europe with more than 1.4 million solar panels and a 500-megawatt installed capacity was finished in 2019 by the Spanish electrical business Iberdrola. The plant is currently supplying electricity to 250,000 people annually. It enhances grid stability by using an electronic system to balance the reactive power generated.

The United Kingdom modular instruments market growth is primarily driven by the increasing demand for modular instruments in various industries. The aerospace and defense industry is the prime consumer of modular instruments here. Market growth is also driven by the increasing demand for high-speed data transmission and the development of 5G technology. Modular instruments are essential for testing and developing these technologies.

Modular Instrumentation Spark a New Era in Manufacturing Industry across Asia Pacific

Asia Pacific region has a significant modular instruments industry. Expanding industrialization and emphasis on technical breakthroughs are the reason behind the market growth. Many technology-oriented businesses and producers are based in the region, investing in cutting-edge testing and measuring tools. The prominently growing economies of China, India, and South Korea are also driving the market in this region.

China’s modular instruments market is expected to grow significantly given the increasing demand for cost-effective testing solutions. To improve their market position, the leading players in the industry are making significant investments in product development and partnership agreements. For instance, to work together on the creation of 5G test solutions, Keysight Technologies, a top producer of modular instruments, formed a strategic agreement with China’s telecom company Huawei in 2017.

Japan’s modular instruments market has been experiencing steady growth over the past few years. The primary reason behind this growth is the presence of several automotive and semiconductor manufacturing companies in the country. Tokyo Electron Limited quickened deployment times to both development and production settings in March 2022. It switched to a Red Hat OpenShift-based container-based architecture. This includes moving systems designs to modular micro-services.

South Korea modular instruments market has been growing progressively in recent years. The strong economy and investment in advanced technologies are the reasons for this growth. The government and businesses have been investing hugely in advanced technologies such as 5G and IoT. Samsung, the South Korea-based leading smartphone company, committed US$ 500 million in January 2020 to expand operations.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Exploring the Modular Instruments Market: An In-depth Segment Analysis

Segment Platform Type
Top Sub-segment PXI
Historical CAGR (2018 to 2022) 9.1%
Forecasted CAGR (2023 to 2033) 8.4%
Segment Application
Top Sub-segment Research & Development
Historical CAGR (2018 to 2022) 9.0%
Forecasted CAGR (2023 to 2033) 8.3%

PXI Emerged as the Leader in Modular Instrumentation

The PXI-based modular instruments segment holds a significant share of the global market. It offers a standardized platform for modular instrumentation. The PXI platform has several benefits, including increased performance, common software models, and low costs. This facilitates the development and integration of compatible products by manufacturers. PXI offers high-speed data transfer rates that make fast and precise measurements possible.

PXI also offers a wide range of automation and measurement capabilities. This enables it to satisfy the varying requirements of numerous applications. Additionally, PXI platforms give customers the ability to combine conventional measuring capabilities with a contemporary computer-based modular design. A substantial user base inside the PXI ecosystem ensures that new products and advancements are always accessible. It is therefore a desirable option for engineers and researchers.

Research and Development Takes the Lead in the Modular Instruments Industry

Modular instruments are highly used for research and development. For testing and measuring various devices, modular instruments offer versatility, which is essential in research and development. Researchers can modify their testing systems to meet their demands given the scalability that these instruments offer.

Modular instruments are also cost-effective as they can be reconfigured for different applications. This diminishes the necessity for purchasing multiple instruments. The rise of the research and development segment has also been fueled by the rising need for refined testing and measurement technologies in various industries.

Modular Instruments Market: Analyzing Key Players, Strategies, and Market Share in the Global Landscape

Market players are pursuing various strategies to gain a foothold in the competitive and notably evolving industry. Few of them are investing in innovation and research and development, while others are focusing on improving the user experience. Certain market players also aim to expand their product portfolios through acquisitions and partnerships.

Keysight Technologies: It is a leading technology company that provides electronic measurement solutions to different industry verticals. The company has established itself as a global leader in electronic measurement and test equipment.

  • The new Novus mini was introduced by Keysight Technologies in April 2023, expanding the Novus line. It is a network test platform with a small footprint that caters to network engineers' requirements for deploying automotive and industrial Internet of Things (IoT) equipment.
  • Keysight Technologies released a PCIe test solution in April 2022 that featured cutting-edge technologies for simulation, identification, conformity, and validation testing. As a result, customers can connect physical layers and use transmitters and receivers to boost business development.

Viavi Solutions Inc.: It is a publicly-traded company that provides network testing, monitoring, and assurance solutions. Its portfolio includes testing and measurement solutions, network and service enablement solutions, and optical security and performance products.

  • The new PSD90-3 fuel quantity test set from Viavi Solutions Inc. was introduced at AEA 2023 in April 2023. The test kit enables the user to test, diagnose, and identify problems. Any capacitive fuel, water, liquid oxygen (LOX), or engine oil system can be tested with the PSD90-3.
  • Viavi Solutions Inc. introduced a comprehensive suite of test and measurement solutions in March 2020 to speed up high-speed network testing throughout every step of the product lifecycle. One of these is the VIAVI ONT 800G FLEX DCO Module which integrates 400G CFP2-DCO and 400GE QSFP-DD transponders.

National Instruments (NI): The Company specializes in the design and development of software and hardware solutions for measurement and automation. Its products are used in a wide range of industries.

  • The third generation PXIe-5842 VST, an extremely adaptable and powerful Vector Signal Transceiver (VST) from National Instruments, was released in November 2022. It invented the third-generation VST to offer customers an opportunity to create the wireless products of the future.
  • The initial release of ActiveUptime™ was announced by National Instruments in May 2022. For condition monitoring and proactive maintenance of test facilities and equipment, it serves as a Maintenance-as-a-Service solution.

Key Players Operating in the Modular Instruments Market

  • Keysight Technologies
  • National Instruments
  • Fortive Corporation
  • Viavi Solutions
  • Astronics Corporation

How can Modular Instruments Market Players Grow Their Businesses?

  • Expand product portfolio
  • Improve customer experience
  • Invest in research and development
  • Collaborate with other industry players
  • Focus on marketing and advertising
  • Establish strong partnerships with distributors
  • Implement cost-cutting measures
  • Focus on sustainability and eco-friendliness
  • Provide customized solutions for customers

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Modular Instruments Market Segmentation

By Platform Type:

  • PX
  • AXIe
  • VXI

By Application:

  • Research & Development
  • Manufacturing & Installation

By Vertical:

  • Telecommunications
  • Electronics & Semiconductor
  • Defense and Aerospace
  • Automotive & Transportation

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa(MEA)

Frequently Asked Questions

What is the Current Valuation of the Global Modular Instruments Market?

The global market is estimated to be valued at US$ 1.8 billion in 2023.

What is the Historical Scenario of the Global Modular Instruments Market?

The global market recorded US$ 1.7 billion in 2022, exhibiting a CAGR of 9.2%.

What is the Growth Outlook for the Global Modular Instruments Market?

The global market is expected to progress at a CAGR of 8.5%.

Which Region Holds the Maximum Share in the Global Modular Instruments Market?

North America embraces the maximum share in the global market.

What is the Future Prospect of the Global Modular Instruments Market?

The global market is predicted to account for US$ 4.2 billion by 2033.

Table of Content
1. Executive Summary | Modular Instruments Market 
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyer’s
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2023 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2018 to 2023
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Platform Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Platform Type, 2018 to 2023
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Platform Type, 2023 to 2033
        5.3.1. PXI
        5.3.2. PXI
        5.3.3. VXI
    5.4. Y-o-Y Growth Trend Analysis By Platform Type, 2018 to 2023
    5.5. Absolute $ Opportunity Analysis By Platform Type, 2023 to 2033
6. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Application
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Application , 2018 to 2023
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Application , 2023 to 2033
        6.3.1. Research & Development
        6.3.2. Manufacturing & Installation
    6.4. Y-o-Y Growth Trend Analysis By Application , 2018 to 2023
    6.5. Absolute $ Opportunity Analysis By Application , 2023 to 2033
7. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Vertical 
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Vertical , 2018 to 2023
    7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Vertical , 2023 to 2033
        7.3.1. Telecommunications
        7.3.2. Electronics & Semiconductor
        7.3.3. Aerospace & Defense
        7.3.4. Automotive & Transportation
        7.3.5. Others
    7.4. Y-o-Y Growth Trend Analysis By Vertical , 2018 to 2023
    7.5. Absolute $ Opportunity Analysis By Vertical , 2023 to 2033
8. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Region, 2018 to 2023
    8.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Region, 2023 to 2033
        8.3.1. North America
        8.3.2. Latin America
        8.3.3. Europe
        8.3.4. Asia Pacific
        8.3.5. MEA
    8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
    9.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2023
    9.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
        9.2.1. By Country
            9.2.1.1. The USA
            9.2.1.2. Canada
        9.2.2. By Platform Type
        9.2.3. By Application
        9.2.4. By Vertical
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Platform Type
        9.3.3. By Application
        9.3.4. By Vertical
    9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2023
    10.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. Brazil
            10.2.1.2. Mexico
            10.2.1.3. Rest of Latin America
        10.2.2. By Platform Type
        10.2.3. By Application
        10.2.4. By Vertical
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Platform Type
        10.3.3. By Application
        10.3.4. By Vertical
    10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2023
    11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. United Kingdom
            11.2.1.3. France
            11.2.1.4. Spain
            11.2.1.5. Italy
            11.2.1.6. Rest of Europe
        11.2.2. By Platform Type
        11.2.3. By Application
        11.2.4. By Vertical
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Platform Type
        11.3.3. By Application
        11.3.4. By Vertical
    11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2023
    12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. China
            12.2.1.2. Japan
            12.2.1.3. South Korea
            12.2.1.4. Malaysia
            12.2.1.5. Singapore
            12.2.1.6. Australia
            12.2.1.7. New Zealand
            12.2.1.8. Rest of APAC
        12.2.2. By Platform Type
        12.2.3. By Application
        12.2.4. By Vertical
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Platform Type
        12.3.3. By Application
        12.3.4. By Vertical
    12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2023
    13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. GCC Countries
            13.2.1.2. South Africa
            13.2.1.3. Israel
            13.2.1.4. Rest of MEA
        13.2.2. By Platform Type
        13.2.3. By Application
        13.2.4. By Vertical
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Platform Type
        13.3.3. By Application
        13.3.4. By Vertical
    13.4. Key Takeaways
14. Key Countries Market Analysis
    14.1. USA
        14.1.1. Pricing Analysis
        14.1.2. Market Share Analysis, 2023
            14.1.2.1. By Platform Type
            14.1.2.2. By Application
            14.1.2.3. By Vertical
    14.2. Canada
        14.2.1. Pricing Analysis
        14.2.2. Market Share Analysis, 2023
            14.2.2.1. By Platform Type
            14.2.2.2. By Application
            14.2.2.3. By Vertical
    14.3. Brazil
        14.3.1. Pricing Analysis
        14.3.2. Market Share Analysis, 2023
            14.3.2.1. By Platform Type
            14.3.2.2. By Application
            14.3.2.3. By Vertical
    14.4. Mexico
        14.4.1. Pricing Analysis
        14.4.2. Market Share Analysis, 2023
            14.4.2.1. By Platform Type
            14.4.2.2. By Application
            14.4.2.3. By Vertical
    14.5. Germany
        14.5.1. Pricing Analysis
        14.5.2. Market Share Analysis, 2023
            14.5.2.1. By Platform Type
            14.5.2.2. By Application
            14.5.2.3. By Vertical
    14.6. United Kingdom
        14.6.1. Pricing Analysis
        14.6.2. Market Share Analysis, 2023
            14.6.2.1. By Platform Type
            14.6.2.2. By Application
            14.6.2.3. By Vertical
    14.7. France
        14.7.1. Pricing Analysis
        14.7.2. Market Share Analysis, 2023
            14.7.2.1. By Platform Type
            14.7.2.2. By Application
            14.7.2.3. By Vertical
    14.8. Spain
        14.8.1. Pricing Analysis
        14.8.2. Market Share Analysis, 2023
            14.8.2.1. By Platform Type
            14.8.2.2. By Application
            14.8.2.3. By Vertical
    14.9. Italy
        14.9.1. Pricing Analysis
        14.9.2. Market Share Analysis, 2023
            14.9.2.1. By Platform Type
            14.9.2.2. By Application
            14.9.2.3. By Vertical
    14.10. China
        14.10.1. Pricing Analysis
        14.10.2. Market Share Analysis, 2023
            14.10.2.1. By Platform Type
            14.10.2.2. By Application
            14.10.2.3. By Vertical
    14.11. Japan
        14.11.1. Pricing Analysis
        14.11.2. Market Share Analysis, 2023
            14.11.2.1. By Platform Type
            14.11.2.2. By Application
            14.11.2.3. By Vertical
    14.12. South Korea
        14.12.1. Pricing Analysis
        14.12.2. Market Share Analysis, 2023
            14.12.2.1. By Platform Type
            14.12.2.2. By Application
            14.12.2.3. By Vertical
    14.13. Malaysia
        14.13.1. Pricing Analysis
        14.13.2. Market Share Analysis, 2023
            14.13.2.1. By Platform Type
            14.13.2.2. By Application
            14.13.2.3. By Vertical
    14.14. Singapore
        14.14.1. Pricing Analysis
        14.14.2. Market Share Analysis, 2023
            14.14.2.1. By Platform Type
            14.14.2.2. By Application
            14.14.2.3. By Vertical
    14.15. Australia
        14.15.1. Pricing Analysis
        14.15.2. Market Share Analysis, 2023
            14.15.2.1. By Platform Type
            14.15.2.2. By Application
            14.15.2.3. By Vertical
    14.16. New Zealand
        14.16.1. Pricing Analysis
        14.16.2. Market Share Analysis, 2023
            14.16.2.1. By Platform Type
            14.16.2.2. By Application
            14.16.2.3. By Vertical
    14.17. GCC Countries
        14.17.1. Pricing Analysis
        14.17.2. Market Share Analysis, 2023
            14.17.2.1. By Platform Type
            14.17.2.2. By Application
            14.17.2.3. By Vertical
    14.18. South Africa
        14.18.1. Pricing Analysis
        14.18.2. Market Share Analysis, 2023
            14.18.2.1. By Platform Type
            14.18.2.2. By Application
            14.18.2.3. By Vertical
    14.19. Israel
        14.19.1. Pricing Analysis
        14.19.2. Market Share Analysis, 2023
            14.19.2.1. By Platform Type
            14.19.2.2. By Application
            14.19.2.3. By Vertical
15. Market Structure Analysis
    15.1. Competition Dashboard
    15.2. Competition Benchmarking
    15.3. Market Share Analysis of Top Players
        15.3.1. By Regional
        15.3.2. By Platform Type
        15.3.3. By Application
        15.3.4. By Vertical
16. Competition Analysis
    16.1. Competition Deep Dive
        16.1.1. Keysight Technologies
            16.1.1.1. Overview
            16.1.1.2. Product Portfolio
            16.1.1.3. Profitability by Market Segments
            16.1.1.4. Sales Footprint
            16.1.1.5. Strategy Overview
                16.1.1.5.1. Marketing Strategy
                16.1.1.5.2. Product Strategy
                16.1.1.5.3. Channel Strategy
        16.1.2. National Instruments
            16.1.2.1. Overview
            16.1.2.2. Product Portfolio
            16.1.2.3. Profitability by Market Segments
            16.1.2.4. Sales Footprint
            16.1.2.5. Strategy Overview
                16.1.2.5.1. Marketing Strategy
                16.1.2.5.2. Product Strategy
                16.1.2.5.3. Channel Strategy
        16.1.3. Fortive Corporation
            16.1.3.1. Overview
            16.1.3.2. Product Portfolio
            16.1.3.3. Profitability by Market Segments
            16.1.3.4. Sales Footprint
            16.1.3.5. Strategy Overview
                16.1.3.5.1. Marketing Strategy
                16.1.3.5.2. Product Strategy
                16.1.3.5.3. Channel Strategy
        16.1.4. Viavi Solutions
            16.1.4.1. Overview
            16.1.4.2. Product Portfolio
            16.1.4.3. Profitability by Market Segments
            16.1.4.4. Sales Footprint
            16.1.4.5. Strategy Overview
                16.1.4.5.1. Marketing Strategy
                16.1.4.5.2. Product Strategy
                16.1.4.5.3. Channel Strategy
        16.1.5. Astronics Corporation
            16.1.5.1. Overview
            16.1.5.2. Product Portfolio
            16.1.5.3. Profitability by Market Segments
            16.1.5.4. Sales Footprint
            16.1.5.5. Strategy Overview
                16.1.5.5.1. Marketing Strategy
                16.1.5.5.2. Product Strategy
                16.1.5.5.3. Channel Strategy
        16.1.6. Chroma ATE
            16.1.6.1. Overview
            16.1.6.2. Product Portfolio
            16.1.6.3. Profitability by Market Segments
            16.1.6.4. Sales Footprint
            16.1.6.5. Strategy Overview
                16.1.6.5.1. Marketing Strategy
                16.1.6.5.2. Product Strategy
                16.1.6.5.3. Channel Strategy
        16.1.7. Rohde & Schwarz
            16.1.7.1. Overview
            16.1.7.2. Product Portfolio
            16.1.7.3. Profitability by Market Segments
            16.1.7.4. Sales Footprint
            16.1.7.5. Strategy Overview
                16.1.7.5.1. Marketing Strategy
                16.1.7.5.2. Product Strategy
                16.1.7.5.3. Channel Strategy
        16.1.8. Ametek (VTI Instruments)
            16.1.8.1. Overview
            16.1.8.2. Product Portfolio
            16.1.8.3. Profitability by Market Segments
            16.1.8.4. Sales Footprint
            16.1.8.5. Strategy Overview
                16.1.8.5.1. Marketing Strategy
                16.1.8.5.2. Product Strategy
                16.1.8.5.3. Channel Strategy
        16.1.9. Teradyne
            16.1.9.1. Overview
            16.1.9.2. Product Portfolio
            16.1.9.3. Profitability by Market Segments
            16.1.9.4. Sales Footprint
            16.1.9.5. Strategy Overview
                16.1.9.5.1. Marketing Strategy
                16.1.9.5.2. Product Strategy
                16.1.9.5.3. Channel Strategy
        16.1.10. Pickering Interfaces
            16.1.10.1. Overview
            16.1.10.2. Product Portfolio
            16.1.10.3. Profitability by Market Segments
            16.1.10.4. Sales Footprint
            16.1.10.5. Strategy Overview
                16.1.10.5.1. Marketing Strategy
                16.1.10.5.2. Product Strategy
                16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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