The North America Modular Instruments Market is expected to witness market growth of 8.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Modular Instruments Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.07 billion by 2031. The Canada market is experiencing a CAGR of 11% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 10% during 2024-2031.
Modular instruments provide a cost-effective and scalable solution for industries that require continuous testing and measurement without high capital expenditures. Unlike traditional standalone instruments that require separate purchases for different functionalities, modular systems allow companies to swap or upgrade specific modules instead of replacing entire setups. This flexibility is particularly beneficial in telecommunications, semiconductors, and automotive manufacturing industries, where technology evolves rapidly.
Moreover, telecom companies testing RF signals, 5G networks, and Wi-Fi protocols can replace only the necessary frequency band modules rather than investing in entirely new testing equipment. Similarly, in semiconductor manufacturing, transitioning from silicon-based ICs to gallium nitride (GaN) semiconductors can be done with modular upgrades instead of buying new systems, significantly reducing costs while maintaining high testing accuracy.
The North American modular instruments market is witnessing significant expansion, driven by the region's rapid adoption of 5G technology, advanced telecommunications infrastructure, and increasing investments in high-speed testing solutions. According to industry reports, North America leads in deploying wireless 5G networks, with 108 million 5G connections and 506 million LTE connections by the end of Q3 2022. The penetration of 5G technology in the region is nearing 30%, with 14 million new 5G connections added in a single quarter, marking a 15.47% growth from Q2 2022. This surge in 5G adoption and high-frequency communication systems has fueled demand for precision test and measurement solutions, particularly modular instruments, which enable real-time, multi-channel testing of next-generation communication networks.
The US market dominated the North America Modular Instruments Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.07 billion by 2031. The Canada market is experiencing a CAGR of 11% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 10% during 2024-2031.
Modular instruments provide a cost-effective and scalable solution for industries that require continuous testing and measurement without high capital expenditures. Unlike traditional standalone instruments that require separate purchases for different functionalities, modular systems allow companies to swap or upgrade specific modules instead of replacing entire setups. This flexibility is particularly beneficial in telecommunications, semiconductors, and automotive manufacturing industries, where technology evolves rapidly.
Moreover, telecom companies testing RF signals, 5G networks, and Wi-Fi protocols can replace only the necessary frequency band modules rather than investing in entirely new testing equipment. Similarly, in semiconductor manufacturing, transitioning from silicon-based ICs to gallium nitride (GaN) semiconductors can be done with modular upgrades instead of buying new systems, significantly reducing costs while maintaining high testing accuracy.
The North American modular instruments market is witnessing significant expansion, driven by the region's rapid adoption of 5G technology, advanced telecommunications infrastructure, and increasing investments in high-speed testing solutions. According to industry reports, North America leads in deploying wireless 5G networks, with 108 million 5G connections and 506 million LTE connections by the end of Q3 2022. The penetration of 5G technology in the region is nearing 30%, with 14 million new 5G connections added in a single quarter, marking a 15.47% growth from Q2 2022. This surge in 5G adoption and high-frequency communication systems has fueled demand for precision test and measurement solutions, particularly modular instruments, which enable real-time, multi-channel testing of next-generation communication networks.
List of Key Companies Profiled
- Keysight Technologies, Inc.
- Emerson Electric Co.
- Fortive Corporation (Fluke Corporation)
- Viavi Solutions, Inc.
- Astronics Corporation
- Teledyne Technologies Incorporated
- Rohde & Schwarz GmbH & Co. KG
- Ametek, Inc.
- Teradyne, Inc.
- Pickering Interfaces Limited
Market Report Segmentation
By Application- Research & Development
- Manufacturing & Installation
- PXI
- AXIe
- VXI
- Telecommunications
- Aerospace & Defense
- Automotive & Transportation
- Electronics & Semiconductor
- Other End Use
- US
- Canadaa
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Modular Instruments Market by Application
Chapter 6. North America Modular Instruments Market by Platform
Chapter 7. North America Modular Instruments Market by End Use
Chapter 8. North America Modular Instruments Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Keysight Technologies, Inc.
- Emerson Electric Co.
- Fortive Corporation (Fluke Corporation)
- Viavi Solutions, Inc.
- Astronics Corporation
- Teledyne Technologies Incorporated
- Rohde & Schwarz GmbH & Co. KG
- Ametek, Inc.
- Teradyne, Inc.
- Pickering Interfaces Limited
Methodology
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