Modular Instruments Market Research Report, Trends, Analysis and Forecast to 2026

Modular instruments are used for configuring automated test and measurement equipment. This equipment is used for the repair, design, and development of various electrical and mechanical products. This kind of instruments uses a frame, into which different types, or a varying number, of functional cards can be plugged. This is aimed at making the instrument accommodate a range of input/output channels or tailor its measurement capability according to the particular application being addressed. Modular instruments normally use a computer user interface instead of displays and controls embedded in the instrument’s frame or package. As they do not have their own user interface, modular instruments are often called faceless instruments. By sharing a computer display and keyboard/mouse, these instruments can save the expense of multiple front-panel interfaces.

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Without the traditional front panel, the most common approach to using modular instruments involves writing a test program, which configures the instruments, conducts the measurements, and reports results. For this reason, these instruments typically are supplied with programmatic software interfaces, called drivers, to ease the job of communicating with an instrument module from a programming language. High-channel-count measurements, such as data acquisition, really benefit from the standards-based modular form factor. Module size is relatively big, so a large number of channels can be included. Data acquisition usually requires many types of channels. Not everything can be purchased from one vendor. The mix and match capability of modular instruments allows the system to be easily configured from multiple vendors. The “Global Modular Instruments Market” is accounted for $1.12 billion in 2017 and is expected to reach $3.08 billion by 2026 growing at a CAGR of 11.9% during the forecast period.

In spite of smaller power requirements, newly developing smart devices transmit large amounts of data that demand latency and responsiveness of LTE networks. The need for accuracy and the drive to deliver best possible results to customers have led to the creation of new modular instruments. In the communication and networking sector, an orbital shift from providing primarily voice-based services to offering integrated voice, video, and data services has necessitated the need for solutions to test performance and capacity of undergirding networks. The transition to fourth-generation (4G) network, with advanced modulation and antenna techniques, has improved services and quality. Ongoing R&D activities in cellular technologies such as for LTE, long term evolution advanced (LTE-A), and wired technologies, such as Ethernet and fiber optics, are the major factors driving this market. Deployment of LTE is providing substantial opportunities for modular instruments manufacturers to capitalize upon. In order to achieve this, huge and technologically more advanced infrastructure is required. This is eventually expected to increase the use of modular instruments for testing LTE gateways and access points, especially in the wireless communication industry. Growing IoT services, as well as 5G infrastructure and high adoption of IoT devices can create high revenue opportunities for players in the market.

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North America is anticipated to account for the largest share of the modular instruments market during the forecast period. The region commands the biggest share owing to demands from telecommunications and aerospace & defense sectors. Furthermore, the inclination towards autonomous cars and intelligent transportation systems coupled with an increasing demand from the electronics & semiconductor sector is expected to drive the market in the region. High usage of modular instruments in telecommunications, as well as defense and aerospace sector is a factor propelling growth of the target market in this region. 

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The ongoing deployment of LTE and technological advancements in the field of wireless connectivity technologies such as general packet radio service (GPRS), Wi-Fi, and worldwide interoperability for microwave access (WiMax) in various fields have boosted the number of connected devices and hence the growth of modular devices, are used for the configuration of automated test and measurement (T&M), in North America. The electric vehicle is growing rapidly in the region and so is the seismic shift in design verification and performance testing methodology. Consequently, engineers are using new test methods such as emulation methods to reduce cycle time and increase productivity. The majority of mobile network operators in mature markets are planning to upgrade to 5G in next few years to remain competitive in the telecom market. So, the major players are partnering with the technology providers to speed up the process.