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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