Modular Instruments Market Size To Reach $6.07 Billion By 2030

Modular Instruments Market Growth & Trends

The global Modular Instruments market size is expected to reach USD 6.07 billion by 2030, registering a CAGR of 9.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth of wireless communication industry has resulted in the adoption of modular instruments for testing, inspecting, and monitoring the performance of the devices. Moreover, Technological advancement in the wireless communication industry, such as the evolution of 5G, radar communication, satellite communication, radio, and television broadcasting among others coupled with the rapid adoption of IoT devices, are some of the factors anticipated to affect the market growth positively.

The growing communications networking industry has resulted in the need for increased network capacity and faster transmission speeds. This need is driven by the increasing number of connected mobile devices and the demand for high-speed broadband access to support high-bandwidth applications. Modular instruments are used for testing of devices and components at the development or manufacturing stage of the device. Thus, owing to the need for greater network agility and high-performance networks, there has been increased adoption of modular instruments.

The proliferation of connected mobile devices such as smartphones and tablets has driven network usage and dependency on the networks. Furthermore, expansion of IP based services, which provide users with anywhere-anytime access to content over a range of electronic devices and increasing deployments of higher-speed networks, has resulted in a need to reduce the deployment time and cost. Several companies are focusing on developing accurate network communication devices, thereby creating opportunities for the growth of the market. For instance, in October 2019, GBT Technologies Inc., a company engaged in the development of IoT enabled tracking and networking technologies, announced the set-up of research and development for IC micro-solar cell structures. This company is planning to explore solar micro-solar cell technology targeted to operate applications that require either an intermittent or continuous power source.

Modular instruments are significantly used in the automotive industry by several automobile manufacturers owing to trends related to autonomous driving and connected car technologies. Similarly, the rising implementation of IoT devices in vehicles is generating the need for testing, inspecting, and verifying the devices owing to complexities and design constraints of the devices. Hence, to ensure devices work correctly, modular instruments are used. Additionally, the advancement of technologies related to infotainment systems, collision avoidance, driverless vehicles, and the Wi-Fi standard 802.11p in the automotive industry is anticipated to drive the market growth.

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Modular Instruments Market Report Highlights

• The PXI segment held the largest market revenue share of 44.4% in 2024. PXI offers high-speed data transfer, superior synchronization, and a scalable architecture, making it suitable for the aerospace, automotive, and telecommunications industries, where precision testing and automation are crucial.

• The direct distribution segment dominated the modular instruments industry with the revenue share of 51.5% in 2024. The rise of e-commerce platforms and digital marketing strategies drives the direct distribution channel’s growth.

• North America held the largest market revenue share of 36.0% in 2024. The growing need for flexible, scalable testing and measurement solutions across various industries, particularly in the telecommunications, aerospace, and automotive sectors, drives market growth.

Modular Instruments Market Segmentation

Grand View Research has segmented the global modular instruments market report based on platform, application, end-use, and region:

Modular Instruments Platform Outlook (Revenue, USD Billion, 2018 - 2030)

• PXI and PXIE

  • Measurement Instruments

  • Signal Generation Instruments

  • Other PXI and PXIE Instruments

  • PXI and PXIE Chassis

• Benchtop

• 19 Inch

• VXI

Modular Instruments Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Direct Distribution

• Indirect Distribution

• Others

Modular Instruments End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Telecommunications

• Aerospace & Defense

• Automotive

• Transportation

  • OEMs

  • Suppliers & Integrators

  • Others

• Electronics

  • Consumer Electronics

  • Commercial Electronics

• Semiconductor

• Others

Modular Instruments Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico 

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players of Modular Instruments Market

• Agilent Technologies

• Advantest Corporation

• AMETEK, Inc.

• Astronics Corporation

• Delta Electronics, Inc.

• Fortive Corporation

• Keysight Technologies

• Picotest Corp

• Pickering

• Rohde & Schwarz

• Thermo Fisher Scientific

• Teledyne Technologies Incorporated

• Teradyne Inc

• VIAVI Solutions Inc.

• Yokogawa Electric Corporation