Market Leadership - Modular Instruments Market

The modular instruments market is expected to reach USD 2.11 billion by 2023, growing at the CAGR of 9.6% during the forecast period. Keysight Technologies, National Instruments, Viavi Solutions, Fortive Corporation, Astronics Corporation, Teledyne Technologies (Teledyne Lecroy), Rohde & Schwarz, AMETEK (VTI Instruments), Teradyne, and Pickering Interfaces, are among the major players in the market.

Keysight, a spin-off from Agilent Technologies, focuses on providing modular instruments for different applications. The company is one of key players in the modular instruments market and is backed by a robust engineering expertise. It emphasizes on innovating and maintaining its market position through R&D activities.

The company has expertise in developing measurement devices, and continuous innovation supported by R&D centers spread globally help it to meet customers’ ever-changing requirements. The company’s primary R&D and manufacturing sites are based in the US (California and Colorado), China, Germany, India, Japan, Malaysia, Singapore, and Spain. It has adopted various organic and inorganic growth strategies to strengthen its presence in the modular instruments market.

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National Instruments provides modular instruments for R&D purposes and helps engineers and scientists in designing, prototyping, and deploying systems for various applications. The company is currently focusing on product innovation, and its future market strategy is to expand customer base by acquiring new technologies and expertise for launching new products. In the past, the company has collaborated with other key market players such as Astronics, Anritsu, and Fortive (Tektronics and Fluke).

National Instruments heavily invests in R&D to develop new, innovative, and precise instruments, which has helped the company to stay competitive in the modular instruments market. It also provides a range of software modules for customers to choose from.

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