World VME eXtensions for Instrumentation (VXI) Take a look at Gear Market, Market Development, Tendencies, and Forecast Report 2019-2024 – ResearchAndMarkets.com

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DUBLIN – (BUSINESS WIRE) – Added the “VXI Testing Equipment Market – Growth, Trends, and Forecast (2019-2024)” report ResearchAndMarkets.com Offer.

The VXI Test Equipment market is expected to record a CAGR of 23.65% over the forecast period 2019-2024.

The main purpose of the test equipment is to verify the functionality of the device under test. The VXI test equipment uses automated test equipment based on VMEbus.

  • VXI chassis are based on 13-slot chassis. The increase in semiconductor chip volume can be the driving factor behind the growth of the VXI test market. One of the main goals of companies is to have more products in stock, to deliver the customized products at the optimal time and to speed up the development processes for their new products.

  • VXI test devices help to give more time to development and avoid the hassle of checking products for errors over a long period of time.

  • From testing and measurement to data acquisition and analysis in research and industrial automation, VXI is used in many different applications.

  • The increasing volume of semiconductor chips is driving the demand for VXI test equipment. In addition, an increase in the number of consumer electronics is also driving the demand for semiconductors, resulting in an increase in VXI test equipment for testing various devices.

  • VXI tests have applications in the defense industry as they verify and calibrate the most complex electronics in use. VXI tests validate the operating software by providing high-performance, analog, mixed-signal, and serial bus tests for the entire installed hardware infrastructure setup.

Scope of the report

VXI and VXIbus are the predominant test instrumentation technology based on a rack system built on top of the 19-inch rack-based VME bus. VXI test equipment is widely used in on-site production, repair and maintenance tests, automated test systems that are controlled within a rack, and military and avionics applications. VXI test equipment helps give more time to development, eliminating the difficulty of checking products for errors over an extended period of time.

Major market trends

Consumer electronics growth to fuel the VXI test equipment market

  • Consumer electronics represented 3% of global GDP and is forecast to be ahead of global GDP growth rate for the next six years. These consumer electronics sales comprised 1.2 billion smartphones and 250 million tablets, which is a large share of the global consumer electronics market.

  • With the advent of the Internet, some of these devices will be wirelessly connected to applications such as health monitoring, temperature control, security and transportation systems. It is also estimated that over 50 billion of these devices will be wirelessly connected by 2020, which will continue to fuel the market.

  • However, the CE industry is expected to be heavily influenced by emerging technologies such as smart watches, smart thermostats, automotive electronics, UHD TVs, smart glasses, fitness and activity trackers, and other high-end wearable devices during the forecast period.

North America holds the largest market share

  • The increase in the production of helicopters and commercial aircraft is driving the market for testing. North America has a huge aerospace industry in countries like the United States that exports more than 60% of all aerospace production.

  • Many foreign companies are attracted to the US aerospace market, which is the largest in the world and is characterized by a skilled and hospitable workforce, diverse offerings and extensive sales systems.

  • According to the U.S. Department of Commerce, the country’s aerospace industry contributed approximately $ 118.5 billion to the U.S. economy in export sales. This huge demand from the independent aerospace industry, backed by massive exports, has been a major driver of the growth of test equipment in the market.

  • Automated test equipment continues to be used in the defense sector. The country’s defense industry has a budget allocation that accounts for more than the entire economy of more than half of the existing countries in the world.

Competitive landscape

The market for VXI test equipment is being consolidated as a large part of the market is occupied by top players. The competition among the established players is very high. The main players include National Instruments, Kinetic Systems, Interface Technology Inc., Agilent Technologies, C&H Technologies Inc., Giga-Tronics Inc. and Aeroflex Inc.

  • April 2019 – National Instruments, platform-based systems provider to help engineers and scientists solve the world’s greatest technical challenges; Radisys, a global leader in open telecommunications solutions; and CommScope, a global leader in communications network infrastructure solutions, announced that they have collaborated at the 2019 Brooklyn 5G Summit to demonstrate a 28 GHz 5G New Radio (NR) network. This first public demonstration of the collaboration between the three companies features a 28 GHz base station, or gNodeB, made up of a CommScope Remote Radio Unit (RRU) running software developed by Radisys that communicates with an NI test UE.

  • November 2018 – Agilent Technologies Inc. has completed the acquisition of ACEA Biosciences Inc., a developer of advanced cellular analysis tools, for $ 250 million in cash. This acquisition brings together two pioneers in cell function and metabolic measurements who focus on real-time analysis of living cells.

Market dynamics

Market leader

  • Growth in consumer electronics sales

  • Increased focus on sophisticated test methods

Market restrictions

  • High cost associated with testing equipment

  • Fluctuations in the semiconductor industry

Industry Attractiveness – Porter’s Five Forces Analysis

Mentioned companies

  • National instruments

  • Kinetic Systems

  • Interface Technology Inc.

  • Giga-tronics Inc.

  • C&H Technologies Inc.

  • Agilent Technologies

  • Aeroflex Inc.

Please visit https://www.researchandmarkets.com/r/dd6e9o for more information on this report

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