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A Number of Mergers and Acquisitions Will Mark the Global Modular Instrument Market by 2019: TechNavioThe growing need for cost-effective automated test equipment has resulted in the growth of the Global Modular Instrument Market, which is expected to post a CAGR of 12.45 percent from 2014-2019, says research firm TechNavio. Many organizations are preferring modular instruments over traditional ones because of the operational advantages they offer. About the Report The latest report by TechNavio emphasizes an increased number of mergers and acquisitions in the Global Modular Instrument Market. Some of the leading vendors like National Instruments (News - Alert) are acquiring other companies in order to increase their market share. "National Instruments acquired Phase Matrix in May 2011, which helped National Instruments expand its test and measurement equipment product portfolio," says Faisal Ghaus, Vice President of TechNavio. Furthermore, there has been an increase in the penetration of PXI platform-based modular instruments in the military, defense and telecom industries. These new modular instruments can easily integrate the traditional measurement capabilities with automation, machine control and machine vision. "The cost of PXI platform-based modular instruments is less as compared to VXI platform-based instruments, which has increased their adoption across industries," says Ghaus. Key Information Covered in the Report:
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