The modular
instruments market was valued at USD 1.12 billion in 2017 and is expected
to reach USD 2.11 billion by 2023, at a CAGR of 9.6% during the forecast
period. The base year considered for the study is 2017 and the forecast period
is from 2018 to 2023.
Increased
demand for deployment of LTE from telecommunications sector
The demand for
wireless technologies is fueled by developments in the wireless communications
industry, such as long-term evolution (LTE), increased adoption of smart
devices, higher mobility, and the explosive growth of mobile data traffic.
Despite lesser power requirements, newly evolving smart devices transmit large
amounts of rich 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.
Download PDF
Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69328454
Some of the
other prominent players in the market include Giga-tronics (US), Elma
Electronic (Switzerland), Asis Pro (Israel), Guzik technical Enterprises (US),
Test Evolution Corporation (US), Adlink Technology (Taiwan), Chroma ATE
(Taiwan), GOEPEL Electronic (Germany), Marvin Test Solutions (US), and Bustec
(UK).
Telecommunications
vertical is expected to create the highest demand for modular instruments
market during the forecast period. Widespread demand for wireless technologies
is currently driving the market for the telecommunications sector. The market
is expected to grow substantially during the forecast period with the
increasing subscriber base for different advanced technologies, such as WiMax,
3G, 4G, LTE, LTE-A, and 5G.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B
research on 30,000 high growth niche opportunities/threats which will impact
70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers
worldwide including 80% of global Fortune 1000 companies as clients. Almost
75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
“Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with
the clients to identify new opportunities, identify most important customers,
write “Attack, avoid and defend” strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets™ now
coming up with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high growth
emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000
companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive
intelligence and market research platform, “Knowledgestore” connects over
200,000 markets and entire value chains for deeper understanding of the unmet
insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
No comments:
Post a Comment