Please Wait.....
Report
Modular Test Equipment Market - Growth, Trends and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 120 Pages I Mordor Intelligence
The Modular Test Equipment market is expected to grow at a CAGR of 7.6% over a forecast period. The rising number of connected devices and increasing companies' attention towards quality improvements and end-to-end test solutions are expected to drive market growth over the studied period.
Key Highlights
In modular instrumentation systems, GHz PC processors analyze the data and make measurements using the software. The result is measurements at 10 to 100 times the throughput of a test system built solely on traditional instruments, which use built-in vendor-defined firmware and application-specific processors.
The market for modular testing is witnessing various strategic investments made by national and international players to remain competitive. For instance, in October 2022, Omega Laboratories, a provider of laboratory testing solutions, acquired Acumium to enhance its ability to provide risk mitigation while providing more timely results for faster clinical, court, and employment decisions.
Further, in September 2022, inTEST Corporation, a supplier of innovative test and process solutions for manufacturing and testing, announced to feature companies of its solutions for electric vehicles, OEMs, EV battery manufacturers, and other battery technologies at the Battery Show North America.
The solution will ensure the quality of battery arrays with the Acculogic STINGRAY flying probe tester. A cost-effective automated test platform with accelerated performance offers an accurate, fast, and reliable test of battery array interconnections.
Additionally, in September 2022, Keysight Technologies announced its partnership with Credo Technology Group for its Layer 1-3 800GE network device and Ethernet protocol test solutions for network infrastructure. Keysight's colKeysight with Credo will provide the global networking industry with a comprehensive set of test and measurement capabilities that address the rapidly growing and diverse ecosystem of 800GE-capable components, network silicon devices, and networking equipment systems.
Modular Test Equipment Market Trends
Automotive and Transportation to Hold a Significant Share
The automotive industry has one of the most challenging electronic testing requirements, which demands reliable testing to verify and test controller designs. Modular test equipment provides high reliability and high operational predictability in testing.
As the industry is increasing, vendors are launching innovations regularly to remain competitive. For instance, in February 2021, Keysight Technologies introduced a parallel board test system, the i7090, to test automotive products. The i7090 supports up to twenty cores with PXI-based in-circuit test capability.
Further, in June 2022, the company announced its participation at the Automotive Testing Expo, an international expo for every aspect of automotive testing, development, and validation technologies. The company will demonstrate solutions that enable innovators to push the boundaries of engineering by quickly solving design, test, and validation challenges to create the best autonomous and electric vehicle experiences.
Moreover, in February 2022, Pickering Interfaces, a supplier of modular signal switching and simulation solutions for use in electronic test and verification, announced the launch of single-slot 40/42-203 and 40/42-204 modules delivering high performance, providing switching to 200V and 0.8A with typical differential bandwidths of 1.6GHz and 700MHz respectively. The modules feature PXI or PXIe control interface enabling flexibility in chassis selection.
The rising adoption of electric vehicles is further expected to drive market growth. As per International Energy Association, plug-in electric light vehicle (PEV) sales will likely reach around 6.7 million units by 2021.
Asia-Pacific is Expected to Show a Significant Growth
The Asia Pacific is one of the significant investors and adopters in the studied market owing to growing investment in industrial sectors and industrial automation technologies. The growing companies' attention to quality improvements and end-to-end test solutions further strengthens the market growth.
The region is witnessing various developments by the vendors. For instance, in August 2022, Palomar Technologies expanded its innovation center in Singapore to meet the demand in Southeast Asia for process development and assembly and testing for advanced semiconductor new product introductions.
Furthermore, in April 2022, Keysight Technologies announced its collaboration with Singapore's Quantum Engineering Program (QEP) to accelerate research, development, and education in quantum technologies. Such developments will further fuel the demand for modular test equipment.
In June 2022, Advantest Corporation, a semiconductor test equipment supplier, announced the acquisition of CREA. The acquisition of CREA will expand the company's test and measurement solutions within the evolving semiconductor value chain to meet a broader range of customer needs.
Modular Test Equipment Market Competitor Analysis
The Modular Test Equipment Market is moderately consolidated, with few local and international players active in the market. International participants operate in the market through partnerships with local players. With the market expected to broaden and yield more opportunities, more players are expected to enter the market soon. The key players in the market studied include Teradyne Inc, Advantest Corporation, and National Instruments, among others. These major players have adopted various growth strategies, such as new product launches, mergers and acquisitions, expansions, partnerships, joint ventures, and others, to strengthen their position in this market.
May 2022 - Keysight Technologies has announced the Double-Pulse Tester (DPT) launch with the PD1550A Advanced Dynamic Power Device Analyser. The new technology will enhance capabilities that will enable customers to test entire power modules more efficiently and effectively.
February 2021 - U.S. Air Force, test and measurement experts have offered a contract of USD 78.2 million to Teradyne Inc to provide kits for the Versatile Depot Automatic Test Station (VDATS) family of electronics testers to troubleshoot military aircraft.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porters Five Force Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Assessment of Impact of COVID-19 on the Market
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 High Accuracy and Reliability
5.1.2 Increasing Application in Automotive Industry
5.2 Market Challenges
5.2.1 High Initial Cost
6 MARKET SEGMENTATION
6.1 By Type
6.1.1 PCI Extensions for Instrumentation
6.1.1.1 Mainframe/Chassis
6.1.1.2 Instrument Controller
6.1.1.3 Digital Input/Output
6.1.1.4 Digitizers/oscilloscopes
6.1.1.5 Signal generators
6.1.1.6 Signal analyzers
6.1.1.7 Network analyzers
6.1.1.8 Switches
6.1.1.9 Power Supplies
6.1.1.10 DC Sources/SMUs/PMUs
6.1.2 VME Extensions for Instrumentation
6.1.3 Advanced TCA Extensions for Instrumentation and Test
6.1.4 Other Types(Power Meters and Logic Analyzers)
6.2 By End-user Industry
6.2.1 Communication
6.2.2 Aerospace and Defence
6.2.3 Automotive and Transportation
6.2.4 Consumer Electronics
6.2.5 Other End-user Industries
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 Latin America
6.3.5 Middle East
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Advantest Corporation
7.1.2 Teradyne, Inc.
7.1.3 National Instruments
7.1.4 Chroma Ate
7.1.5 Cohu Inc.
7.1.6 Astronics Corporation
7.1.7 Star Technologies
7.1.8 Roos Instruments
7.1.9 Marvin Test Solutions
7.1.10 Omron Corporation
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security