"VXI Test Equipment Market is expected to grow with the CAGR of 21.4% over the forecast period."
Increasing demand for consumer electronics like smart watches, smart thermostats, automotive electronics, UHD TVs, smart eyewear, fitness & activity trackers, as well as surge in the information and communications technology with the advanced technology & industrial evolution are some important factors driving the growth of Global VXI Test Equipment market.
VXI test equipment is the basic building block containing 13 slots into which various modules, mainframe and instruments can be added. The mainframe also contains all the power supply requirements for the rack and instruments. This VXI test equipment was developed in 1987 which was utilized in many industries including aerospace, avionics and military applications. The VXI test equipments contain many automated test systems compacted in rack, for testing in production, field repair and maintenance in the automation sector. VXI and VXI bus is a prevailing test instrumentation technology fitted in rack system which is based on the 19 inch rack based VME bus. Thus the VXI technology has more increased for more compact and integrated format of testing solutions. In addition to this, this VXI system has many advantages including standardize use of instruments from a variety of manufacturers, high speed operation as well as it has ability to provide accurate timing and synchronization in the high speed communication instruments.
The global VXI test equipment market is segmented on the basis of product type, application, and region & country level. On the basis of product type, the VXI test equipment market is classifies as power suppliers, oscilloscopes, function generators and others. On the basis of application, the market is segmented into aerospace, military and defense, industrial electronics, consumer electronics, communications products, robotics and others.
The regions covered in global VXI test equipment market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global VXI test equipment market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global VXI test equipment market reports cover prominent players like,
Global VXI Test Equipment Market Dynamics–
The key factor for growth of global VXI test equipment market is the rise of demand for the information and communications technology (ICT) in medical devices, robotics for testing linear stable voltage source, and other electronics industries for advanced innovative product development to enhance the automation. According to United Nations Conference on Trade and Development (UNCTAD) Division on technology and the ICT Analysis, the global production of ICT goods and services accounted for the 6.5 percent of global gross domestic product (GDP), and more than 100 million people are employed in the ICT sector alone. In addition to this, the major driving factor of VXI test equipment is its substantial use in electronics industry as testing linear stable voltage control and many others. However, its current limitations may hamper the market growth. Moreover, rising focus on manufacturing of specialty devices with technological advancement using artificial intelligence, advent of internet, IoT, machine learning etc. for electronics and electrical industry have created huge opportunity to fuel the global VXI test equipment market during the forecast period.
VXI Test Equipment Market Regional Analysis–
North America is expected to dominate the global VXI test equipment market with the potential rate due to surge in ICT services with technological advancement using IoT, artificial intelligence and electronic industries in this region followed by Europe. According to UNCTAD report in 2015, United States ranks tops globally accounting more than USD 1106 Billion followed by Europe with an estimation of USD 697 Billion for information and communications technology (ICT) growth which directly responsible for the rise in demand for VXI test equipments. The Asia Pacific is the largest still the world's strongest market for the VXI test equipments due to rapidly adoption of advanced technology like robotics, IoT etc. as well as surge in population.
Key Benefits for VXI Test Equipment Market Report–
Global VXI test equipment market report covers in depth historical and forecast analysis.
Global VXI test equipment market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global VXI test equipment market report helps to identify opportunities in market place.
Global VXI test equipment market report covers extensive analysis of emerging trends and competitive landscape.
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa