Modular Instruments Market Growing Steadily at 8.36% CAGR to 2020

PUNE, India, Nov. 25, 2016 /PRNewswire-iReach/ -- The global modular instruments market analyst says end-users of T&M equipment are facing problems due to incompatibility between products that are meant to work together but do not. This problem is becoming a challenge for vendors of T&M equipment, as it results in the loss of potential customers. Therefore, it has become a standard procedure for vendors to conduct the interoperability test to ensure compatibility with different products. Interoperability is expected to happen shortly, where vendors are expected to manufacture a product based on certain specified standards.

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Complete report on modular instruments market spread across 74 pages, analysing 4 major companies and providing 39 data exhibits is now available at http://www.reportsnreports.com/reports/759421-global-modular-instruments-market-2016-2020.html

According to the modular instruments market report, the global aerospace and defense sector is expected to witness growth during the forecast period. Analyst expects the industry to grow by 3.12% in 2016. During the past few years, the global aerospace and defense industry witnessed a continuous decline in revenue growth, which registered 3.1% in 2013, 1.89% in 2014, and 0.61% in 2015.

The following companies are the key players in the global modular instruments market: Cobham, Keysight Technologies, National Instruments, and Rohde & Schwarz. Other prominent vendors in the market are: Anritsu, Aplab Limited, EXFO, Fastech Telecommunications, Ixia, JDS Uniphase, Qmax Test Equipments, Premier Measurement Solution, Scientech Technologies, SPX, TEKTRONIX, and Yokogawa Electric. Order a copy of Global Modular InstrumentsMarket 2016-2020 report @http://www.reportsnreports.com/purchase.aspx?name=759421

Global modular instruments market by semiconductor and electronics industry - some of the processes that require the use of modular instruments in the electronics industry include mechanical and electrical engineering, submicron and nano-precision technology, photonics production, and nanotechnology. Circuit board manufacturing is highly rated because of the advances it makes into new, faster, and more accurate manufacturing technologies, and is expected to propel the demand for modular instruments.

Global modular instruments market by telecommunication industry accounted for almost 33% of the global sales of modular instrument. In the telecommunications sector, modular instruments help network operators, equipment manufacturers, and broadband service providers deliver high-quality triple-play services — voice, video, and data over mobile and fixed networks. Modular instruments help network operators to roll out new services, reduce CAPEX, and assist in delivering QoS in each phase of the network lifecycle, including R&D, manufacturing, deployment, and service assurance. Global modular instruments market by aerospace and defense industry - Commercial airlines are working toward upgrading technologies by increasing fuel efficiency.

Global Modular Instruments Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global modular instruments market for 2016-2020. To calculate the market size, the report considers the revenue generated from the modular instruments.

Further, the modular instruments market report states that rapid growth in radio frequencies (RF) and circuits have increased the need for developing efficient modular test equipment. However, vendors are unable to design the radio circuits of test equipment. RF testing is an essential element in the development and manufacture of any system containing RF circuits.

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