The Business Research Company’s 2026 market reports combine market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights to deliver research that is more actionable and strategically valuable.
Modular Instruments Market Revenue Forecast: $3.13 Billion In 2026 Rising To $4.66 Billion In 2030
The modular instruments market has demonstrated rapid expansion in recent years. Its size is expected to grow from $2.83 billion in 2025 to $3.13 billion in 2026, reflecting a compound annual growth rate (CAGR) of 10.8%. The growth observed in prior periods can be attributed to factors such as increasing demand for flexible test systems, the rising adoption of automated testing, an increase in electronics and semiconductor manufacturing, advancements in PXI and VXI platforms, and the necessity for high-precision measurements.
The modular instruments market is anticipated to experience significant expansion over the coming years. Its valuation is projected to reach $4.66 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.5%. This projected growth during the forecast period is driven by factors such as the broadening scope of aerospace and defense testing, the surge in 5G and telecommunications infrastructure testing, a greater uptake of automotive electronics testing, the creation of real-time and high-bandwidth measurement solutions, and an increasing need for integrated and software-controlled modular instruments. Key trends expected within this period encompass modular and scalable test system designs, the ability for high-speed signal measurement and generation, the emergence of automated and remote test functionalities, the use of multi-functional plug-in modules, and the development of compact and space-efficient instrumentation.
Free Sample Report: Modular Instruments Market Size, Trends And Forecast To 2030:
Modular Instruments Market Growth Catalyst: What Is Creating New Demand?
The increasing acceptance of the internet of things (IoT) is projected to boost the expansion of the modular instruments market moving forward. The internet of things (IoT) refers to a system of interconnected physical devices embedded with electronic components, software, and communication features that allow them to gather, exchange, and process data via the internet. The demand for IoT is rising as it enhances efficiency and convenience through automation and real-time data, leading to smarter choices, reduced human intervention, and increased output across various industries like healthcare, transportation, agriculture, and smart homes. Modular instruments in IoT facilitate adaptable data acquisition and monitoring, enabling straightforward integration, personalization, and scalability of sensors and measurement units for different uses. For instance, in September 2024, data from IoT Analytics GmbH, a Germany-based non-governmental organization, indicated that by the close of 2023, there were 16.6 billion connected IoT devices, showing a 15% growth from 2022. Furthermore, the total number of connected IoT devices is predicted to hit 40 billion by 2030. Consequently, the expanding adoption of the internet of things (IoT) is fostering the development of the modular instruments market.
Modular Instruments Market Segment Overview: Categories Covered In The 2026 Report
The modular instruments market covered in this report is segmented –
1) By Product Type: Oscilloscopes, Signal Generators, Spectrum Analyzers, Network Analyzers, Other Product Types
2) By Platform Type: PCI eXtensions For Instrumentation (PXI) Platform, VME eXtensions For Instrumentation (VXI) Platform, AdvancedTCA Extensions For Instrumentation And Test (AXIe) Platform
3) By Application: Telecommunications, Aerospace And Defense, Automotive, Electronics And Semiconductor, Other Applications
4) By End-User: Research And Development, Manufacturing, Other End-Users
Subsegments:
1) By Oscilloscopes: Digital Storage Oscilloscopes, Mixed Signal Oscilloscopes, Sampling Oscilloscopes, Real Time Oscilloscopes, High Bandwidth Oscilloscopes
2) By Signal Generators: Arbitrary Waveform Generators, Function Generators, Radio Frequency Signal Generators, Microwave Signal Generators, Vector Signal Generators, Pulse Pattern Generators
3) By Spectrum Analyzers: Swept Spectrum Analyzers, Real Time Spectrum Analyzers, Radio Frequency Spectrum Analyzers, Microwave Spectrum Analyzers
4) By Network Analyzers: Vector Network Analyzers, Scalar Network Analyzers, Two Port Network Analyzers, Multiport Network Analyzers, Radio Frequency Network Analyzers, Microwave Network Analyzers
5) By Other Product Types: Digitizers And Data Acquisition Modules, Digital Multimeters, Source Measure Units, Programmable Power Supplies, Switching And Signal Conditioning Modules, Timing And Synchronization Modules
How Are Leading Companies Shaping Modular Instruments Market Trends?
Leading companies in the modular instruments market are emphasizing technological advancements, particularly high-speed PXI/PXIe resolver-simulation modules, to improve fidelity and throughput in automated verification and hardware-in-the-loop testing. These high-speed resolver-simulation modules are plug-in PXI or PXIe boards designed to emulate rotary position sensors (resolvers/LVDTs/RVDTs) at very high rotational or electrical speeds, offering multi-channel capability and fault insertion, which generates realistic analog signals for servo-drive and motion-control testing. For example, in April 2025, Pickering Interfaces, a UK-based company specializing in modular signal switching and simulation products, introduced its 41-670 (PXI) and 43-670 (PXIe) high-speed resolver simulation modules. These products offer significant benefits, including resolver simulation capabilities of up to 130,000 revolutions per minute, support for various bank and channel configurations, and transformer-based analog outputs that provide precise, real-world signal emulation. Additionally, the modules incorporate integrated relays for creating short or open circuits for fault insertion, thereby enabling high-fidelity hardware-in-the-loop (HIL) and embedded software testing, reducing reliance on external switching, and delivering high channel density within a compact modular chassis based on the peripheral component interconnect (PCI) extensions for instrumentation (PXI) and its express variant (PXIe). Ultimately, these innovations aim to accelerate the development and validation of advanced servo systems across automotive, aerospace, and defense applications.
Modular Instruments Market Players: Key Companies Shaping Competition
Major companies operating in the modular instruments market are Keysight Technologies Inc., National Instruments Corporation, Rohde & Schwarz GmbH & Co. KG, Fortive Corporation, Advantest Corporation, Anritsu Corporation, Yokogawa Electric Corporation, Viavi Solutions Inc., Pickering Interfaces Ltd., Astronics Corporation, ADLINK Technology Inc., Spectrum Instrumentation GmbH, Gantner Instruments GmbH, Dewesoft, AMETEK Inc., Teradyne Inc., Marvin Test Solutions Inc., Kinetic Systems Inc., Bustec Production Ltd., Chroma ATE Inc., Virginia Panel Corporation, Curtiss-Wright Corporation, Interface Concept SA, Elma Electronic AG, Konrad Technologies GmbH, Aeroflex Inc., Cincoze Co. Ltd.
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Modular Instruments Market Regional Performance And Geographic Coverage
North America was the largest region in the modular instruments market in 2025. The regions covered in the modular instruments market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
