April 4, 2020

VXI Test Equipment Market will be Growing at a CAGR of 25.3 % during the forecast period from 2019 to 2027

According to a new market research report published by Credence Research “Global VXI Test Equipment Market – Growth, Future Prospects and Competitive Analysis,2019 – 2027”, The global market for VXI test equipment was valued at US$ 17.5 billion in 2018 and is set to grow with a CAGR of 25.3 per cent during the forecast period.

Market Insights

The primary purpose of the test equipment is to inspect the working and functionality of the device during test. VXI test equipment utilizes automated test equipment based on VMEbus. The global VXI test equipment market is highly driven by the technological advancement and increasing applications of VXI test equipment in consumer electronics such as smart phones, laptops, IoT devices, and other electronic devices. The changing technology and increasing demand for advance technology and instrument is indirectly driving the VXI test equipment market globally. One of the advantage of VXI test equipment is that it removes the hassle of examine the defects in products for an extended period.

Browse the full report at https://www.credenceresearch.com/report/vxi-test-equipment-market

Based on industrial vertical, the VXI test equipment market has been segmented as communications, consumer electronics, military and defense, aerospace, and industrial electronics. The consumer electronics accounts the largest market share due to emerging technologies, such as smart thermostats, smart watches, automotive electronics, smart eyewear, UHD TVs, fitness & activity trackers, and other wearable devices, during the forecast period.

Asia-Pacific is expected to be the fastest growing market due to the presence of China, Japan, India, South Korea, and others developed and developing the country in the region. The demand for consumer electronics and electronic vehicle is growing with high rate. The increasing disposable income in the region is a factor driving the market in the region. Moreover, the presence of various manufacturing companies of testing instrument in the region also drives the market.

Some of the major companies Kinetic Systems, National Instruments, Interface Technology Inc., Giga-tronics Inc., Informtest, C&H Technologies Inc., Analogic Corp., ASCOR Inc., Agilent Technologies, Pickering Interfaces Ltd., Aeroflex Inc., VXI Technology Inc., among others.

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59815

Report Scope by Segments

By Product type Segment

  • Function generators
  • Oscilloscopes
  • Power suppliers
  • Others

By Industrial Vertical Segment

  • Communications
  • Consumer electronics
  • Military and defense
  • Aerospace
  • Industrial electronics

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59815

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