PUBLISHER: KBV Research | PRODUCT CODE: 1642342
PUBLISHER: KBV Research | PRODUCT CODE: 1642342
North America Modular Instruments Market Size, Share & Trends Analysis Report By Application, By Platform (PXI, AXIe, and VXI), By End Use, By Country and Growth Forecast, 2024 - 2031
The North America Modular Instruments Market would witness market growth of 8.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Modular Instruments Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,070.9 million by 2031. The Canada market is experiencing a CAGR of 11% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10% during (2024 - 2031).
Modular instruments provide a cost-effective and scalable solution for industries that require continuous testing and measurement without high capital expenditures. Unlike traditional standalone instruments that require separate purchases for different functionalities, modular systems allow companies to swap or upgrade specific modules instead of replacing entire setups. This flexibility is particularly beneficial in telecommunications, semiconductors, and automotive manufacturing industries, where technology evolves rapidly.
Moreover, telecom companies testing RF signals, 5G networks, and Wi-Fi protocols can replace only the necessary frequency band modules rather than investing in entirely new testing equipment. Similarly, in semiconductor manufacturing, transitioning from silicon-based ICs to gallium nitride (GaN) semiconductors can be done with modular upgrades instead of buying new systems, significantly reducing costs while maintaining high testing accuracy.
The North American modular instruments market is witnessing significant expansion, driven by the region's rapid adoption of 5G technology, advanced telecommunications infrastructure, and increasing investments in high-speed testing solutions. According to industry reports, North America leads in deploying wireless 5G networks, with 108 million 5G connections and 506 million LTE connections by the end of Q3 2022. The penetration of 5G technology in the region is nearing 30%, with 14 million new 5G connections added in a single quarter, marking a 15.47% growth from Q2 2022. This surge in 5G adoption and high-frequency communication systems has fueled demand for precision test and measurement solutions, particularly modular instruments, which enable real-time, multi-channel testing of next-generation communication networks.
Based on Application, the market is segmented into Research & Development and Manufacturing & Installation. Based on Platform, the market is segmented into PXI, AXIe, and VXI. Based on End Use, the market is segmented into Telecommunications, Aerospace & Defense, Automotive & Transportation, Electronics & Semiconductor, and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Keysight Technologies, Inc.
- Emerson Electric Co.
- Fortive Corporation (Fluke Corporation)
- Viavi Solutions, Inc.
- Astronics Corporation
- Teledyne Technologies Incorporated
- Rohde & Schwarz GmbH & Co. KG
- Ametek, Inc.
- Teradyne, Inc.
- Pickering Interfaces Limited
North America Modular Instruments Market Report Segmentation
By Application
- Research & Development
- Manufacturing & Installation
By Platform
- PXI
- AXIe
- VXI
By End Use
- Telecommunications
- Aerospace & Defense
- Automotive & Transportation
- Electronics & Semiconductor
- Other End Use
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Modular Instruments Market, by Application
- 1.4.2 North America Modular Instruments Market, by Platform
- 1.4.3 North America Modular Instruments Market, by End Use
- 1.4.4 North America Modular Instruments Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Oct - 2024, Oct) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Modular Instruments Market by Application
- 5.1 North America Research & Development Market by Region
- 5.2 North America Manufacturing & Installation Market by Region
Chapter 6. North America Modular Instruments Market by Platform
- 6.1 North America PXI Market by Country
- 6.2 North America AXIe Market by Country
- 6.3 North America VXI Market by Country
Chapter 7. North America Modular Instruments Market by End Use
- 7.1 North America Telecommunications Market by Country
- 7.2 North America Aerospace & Defense Market by Country
- 7.3 North America Automotive & Transportation Market by Country
- 7.4 North America Electronics & Semiconductor Market by Country
- 7.5 North America Other End Use Market by Country
Chapter 8. North America Modular Instruments Market by Country
- 8.1 US Modular Instruments Market
- 8.1.1 US Modular Instruments Market by Application
- 8.1.2 US Modular Instruments Market by Platform
- 8.1.3 US Modular Instruments Market by End Use
- 8.2 Canada Modular Instruments Market
- 8.2.1 Canada Modular Instruments Market by Application
- 8.2.2 Canada Modular Instruments Market by Platform
- 8.2.3 Canada Modular Instruments Market by End Use
- 8.3 Mexico Modular Instruments Market
- 8.3.1 Mexico Modular Instruments Market by Application
- 8.3.2 Mexico Modular Instruments Market by Platform
- 8.3.3 Mexico Modular Instruments Market by End Use
- 8.4 Rest of North America Modular Instruments Market
- 8.4.1 Rest of North America Modular Instruments Market by Application
- 8.4.2 Rest of North America Modular Instruments Market by Platform
- 8.4.3 Rest of North America Modular Instruments Market by End Use
Chapter 9. Company Profiles
- 9.1 Keysight Technologies, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Emerson Electric Co.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 SWOT Analysis
- 9.3 Fortive Corporation (Fluke Corporation)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.3.5.2 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Viavi Solutions, Inc.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Astronics Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.6 Teledyne Technologies Incorporated
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.7 Rohde & Schwarz GmbH & Co. KG
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Partnerships, Collaborations, and Agreements:
- 9.7.2.2 Product Launches and Product Expansions:
- 9.7.3 SWOT Analysis
- 9.8 Ametek, Inc.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Product Launches and Product Expansions:
- 9.8.5.2 Acquisition and Mergers:
- 9.8.6 SWOT Analysis
- 9.9 Teradyne, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 SWOT Analysis
- 9.10. Pickering Interfaces Limited
- 9.10.1 Company Overview
- 9.10.2 Recent strategies and developments:
- 9.10.2.1 Product Launches and Product Expansions:
LIST OF TABLES
- TABLE 1 North America Modular Instruments Market, 2020 - 2023, USD Million
- TABLE 2 North America Modular Instruments Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Modular Instruments Market
- TABLE 4 Product Launches And Product Expansions- Modular Instruments Market
- TABLE 5 Acquisition and Mergers- Modular Instruments Market
- TABLE 6 North America Modular Instruments Market by Application, 2020 - 2023, USD Million
- TABLE 7 North America Modular Instruments Market by Application, 2024 - 2031, USD Million
- TABLE 8 North America Research & Development Market by Region, 2020 - 2023, USD Million
- TABLE 9 North America Research & Development Market by Region, 2024 - 2031, USD Million
- TABLE 10 North America Manufacturing & Installation Market by Region, 2020 - 2023, USD Million
- TABLE 11 North America Manufacturing & Installation Market by Region, 2024 - 2031, USD Million
- TABLE 12 North America Modular Instruments Market by Platform, 2020 - 2023, USD Million
- TABLE 13 North America Modular Instruments Market by Platform, 2024 - 2031, USD Million
- TABLE 14 North America PXI Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America PXI Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America AXIe Market by Country, 2020 - 2023, USD Million
- TABLE 17 North America AXIe Market by Country, 2024 - 2031, USD Million
- TABLE 18 North America VXI Market by Country, 2020 - 2023, USD Million
- TABLE 19 North America VXI Market by Country, 2024 - 2031, USD Million
- TABLE 20 North America Modular Instruments Market by End Use, 2020 - 2023, USD Million
- TABLE 21 North America Modular Instruments Market by End Use, 2024 - 2031, USD Million
- TABLE 22 North America Telecommunications Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America Telecommunications Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America Aerospace & Defense Market by Country, 2020 - 2023, USD Million
- TABLE 25 North America Aerospace & Defense Market by Country, 2024 - 2031, USD Million
- TABLE 26 North America Automotive & Transportation Market by Country, 2020 - 2023, USD Million
- TABLE 27 North America Automotive & Transportation Market by Country, 2024 - 2031, USD Million
- TABLE 28 North America Electronics & Semiconductor Market by Country, 2020 - 2023, USD Million
- TABLE 29 North America Electronics & Semiconductor Market by Country, 2024 - 2031, USD Million
- TABLE 30 North America Other End Use Market by Country, 2020 - 2023, USD Million
- TABLE 31 North America Other End Use Market by Country, 2024 - 2031, USD Million
- TABLE 32 North America Modular Instruments Market by Country, 2020 - 2023, USD Million
- TABLE 33 North America Modular Instruments Market by Country, 2024 - 2031, USD Million
- TABLE 34 US Modular Instruments Market, 2020 - 2023, USD Million
- TABLE 35 US Modular Instruments Market, 2024 - 2031, USD Million
- TABLE 36 US Modular Instruments Market by Application, 2020 - 2023, USD Million
- TABLE 37 US Modular Instruments Market by Application, 2024 - 2031, USD Million
- TABLE 38 US Modular Instruments Market by Platform, 2020 - 2023, USD Million
- TABLE 39 US Modular Instruments Market by Platform, 2024 - 2031, USD Million
- TABLE 40 US Modular Instruments Market by End Use, 2020 - 2023, USD Million
- TABLE 41 US Modular Instruments Market by End Use, 2024 - 2031, USD Million
- TABLE 42 Canada Modular Instruments Market, 2020 - 2023, USD Million
- TABLE 43 Canada Modular Instruments Market, 2024 - 2031, USD Million
- TABLE 44 Canada Modular Instruments Market by Application, 2020 - 2023, USD Million
- TABLE 45 Canada Modular Instruments Market by Application, 2024 - 2031, USD Million
- TABLE 46 Canada Modular Instruments Market by Platform, 2020 - 2023, USD Million
- TABLE 47 Canada Modular Instruments Market by Platform, 2024 - 2031, USD Million
- TABLE 48 Canada Modular Instruments Market by End Use, 2020 - 2023, USD Million
- TABLE 49 Canada Modular Instruments Market by End Use, 2024 - 2031, USD Million
- TABLE 50 Mexico Modular Instruments Market, 2020 - 2023, USD Million
- TABLE 51 Mexico Modular Instruments Market, 2024 - 2031, USD Million
- TABLE 52 Mexico Modular Instruments Market by Application, 2020 - 2023, USD Million
- TABLE 53 Mexico Modular Instruments Market by Application, 2024 - 2031, USD Million
- TABLE 54 Mexico Modular Instruments Market by Platform, 2020 - 2023, USD Million
- TABLE 55 Mexico Modular Instruments Market by Platform, 2024 - 2031, USD Million
- TABLE 56 Mexico Modular Instruments Market by End Use, 2020 - 2023, USD Million
- TABLE 57 Mexico Modular Instruments Market by End Use, 2024 - 2031, USD Million
- TABLE 58 Rest of North America Modular Instruments Market, 2020 - 2023, USD Million
- TABLE 59 Rest of North America Modular Instruments Market, 2024 - 2031, USD Million
- TABLE 60 Rest of North America Modular Instruments Market by Application, 2020 - 2023, USD Million
- TABLE 61 Rest of North America Modular Instruments Market by Application, 2024 - 2031, USD Million
- TABLE 62 Rest of North America Modular Instruments Market by Platform, 2020 - 2023, USD Million
- TABLE 63 Rest of North America Modular Instruments Market by Platform, 2024 - 2031, USD Million
- TABLE 64 Rest of North America Modular Instruments Market by End Use, 2020 - 2023, USD Million
- TABLE 65 Rest of North America Modular Instruments Market by End Use, 2024 - 2031, USD Million
- TABLE 66 Key Information - Keysight Technologies, Inc.
- TABLE 67 Key Information - Emerson Electric Co.
- TABLE 68 Key Information -fortive corporation
- TABLE 69 Key Information - Viavi Solutions, Inc.
- TABLE 70 Key Information - Astronics Corporation
- TABLE 71 Key Information - Teledyne Technologies Incorporated
- TABLE 72 Key Information - Rohde & Schwarz GmbH & Co. KG
- TABLE 73 Key Information - Ametek, Inc.
- TABLE 74 Key Information - Teradyne, Inc.
- TABLE 75 Key Information - Pickering Interfaces Limited
