Modular Instruments Market Report 2026

Modular Instruments Market Overview

• Modular Instruments market size has reached to $2.83 billion in 2025 • Expected to grow to $4.66 billion in 2030 at a compound annual growth rate (CAGR) of 10.5% • Growth Driver: Rising IoT Adoption Accelerates Growth Of The Market Due To Increasing Demand For Smart, Connected Measurement Solutions • Market Trend: High-Speed Sensor Simulation In PXI Or PXIe Driving Modular-Instrument Advancements • North America was the largest region in 2025.

What Is Covered Under Modular Instruments Market?

Modular instruments are electronic test and measurement devices built from plug-in modules that fit into a shared chassis and are controlled by software, allowing users to mix and match functions such as measuring, generating, switching, and timing signals. Their purpose is to let engineers create flexible, scalable, and automated test systems tailored to each application, improving speed, repeatability, and throughput while reducing cost and footprint. The main product types of modular instruments comprise oscilloscopes, signal generators, spectrum analyzers, network analyzers, and others. Oscilloscopes refer to electronic testing instruments used to measure and analyze varying signal voltages, enabling precise visualization of electronic waveforms for performance evaluation and troubleshooting. These instruments operate on various platform types, including PCI eXtensions for Instrumentation (PXI), VME eXtensions for Instrumentation (VXI), and AdvancedTCA Extensions for Instrumentation and Test (AXIe). The key applications include telecommunications, aerospace and defense, automotive, electronics and semiconductor, and others, and serve end users including research and development, manufacturing, and others.

What Is The Modular Instruments Market Growth Forecast?

The modular instruments market size is expected to see rapid growth in the next few years. It will grow to $4.66 billion in 2030 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to expansion of aerospace and defense testing, growth in 5g and telecommunications infrastructure testing, increasing adoption of automotive electronics testing, development of real-time and high-bandwidth measurement solutions, rising demand for integrated and software-controlled modular instruments. Major trends in the forecast period include modular and scalable test system design, high-speed signal measurement and generation, automated and remote test capabilities, multi-functional plug-in modules, compact and space-efficient instrumentation.

Global Modular Instruments Market Segmentation

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

What Is The Driver Of The Modular Instruments Market?

The increasing adoption of the internet of things (IoT) is expected to propel the growth of the modular instruments market going forward. The internet of things (IoT) refers to a network of interconnected physical devices that are embedded with electronics, software, and connectivity features, allowing them to collect, exchange, and act on data over the internet. The demand for IoT is growing as it improves efficiency and convenience through automation and real-time data, enabling smarter decision-making, reducing human effort, and enhancing productivity across industries such as healthcare, transportation, agriculture, and smart homes. Modular instruments in IoT are used for flexible data collection and monitoring, allowing easy integration, customization, and scalability of sensors and measurement modules for diverse applications. For instance, in September 2024, according to IoT Analytics GmbH, a Germany-based non-governmental organization, by the end of 2023, there were 16.6 billion connected IoT devices, reflecting a 15% increase from 2022. Additionally, the number of connected IoT devices is projected to reach 40 billion by 2030. Therefore, the increasing adoption of the internet of things (IoT) is driving the growth of the modular instruments industry.

Key Players In The Global Modular Instruments Market

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.

Global Modular Instruments Market Trends and Insights

Major companies operating in the modular instruments market are focusing on technological advancements, such as high-speed PXI/PXIe resolver-simulation modules, to boost fidelity and throughput in automated verification and hardware-in-the-loop testing. High-speed resolver-simulation modules are plug-in PXI or PXIe boards that emulate rotary position sensors (resolvers/LVDTs/RVDTs) at very high rotational or electrical speeds with multi-channel capability and fault insertion, delivering realistic analog signals for servo-drive and motion-control testing. For instance, in April 2025, Pickering Interfaces, a UK-based company that designs and manufactures modular signal switching and simulation products, launched its 41-670 (PXI) and 43-670 (PXIe) high-speed resolver simulation modules. These products offer several advantages, including resolver simulation capabilities of up to 130,000 revolutions per minute, support for multiple bank and channel configurations, and transformer-based analog outputs that deliver precise, real-world signal emulation. Additionally, the modules feature integrated relays to create 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 providing high channel density within a compact modular chassis based on the peripheral component interconnect (PCI) extensions for instrumentation (PXI) and its express variant (PXIe). Overall, these innovations aim to accelerate the development and validation of advanced servo systems across automotive, aerospace, and defense applications.

What Are Latest Mergers And Acquisitions In The Modular Instruments Market?

In October 2023, Emerson Electric Co., a US-based industrial technology and automation company, acquired National Instruments Corporation for an undisclosed amount. With this acquisition, Emerson aims to integrate National Instruments’ software-connected modular test and measurement platforms, strengthen automated testing capabilities across semiconductor, electronics, transportation, aerospace and defense customers, and operate a dedicated test and measurement. National Instruments Corporation is a US-based provider of modular instrumentation, automated test systems, and measurement software.

Regional Outlook

North America was the largest region in the modular instruments market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Modular Instruments Market?

The modular instruments market consists of sales of modular chassis and embedded controllers, data acquisition and mixed-signal input and output modules, radio frequency and microwave instrument modules, switching and signal-conditioning modules, and timing and synchronization modules. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Modular Instruments Market Report 2026?

The modular instruments market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the modular instruments industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.