By Larry Desjardin, Modular Methods
In a study entitled VXI, PXI, and AXIe Test and Measurement Market Disrupts Automated Test, Sparking New Growth Opportunities, Frost and Sullivan reported the markets size and growth rates of the various instrument standards, updated to include 2015. The study preview can be found here.
F&S reported the size of the open modular market (VXI, PXI, and AXIe) to be $809.7M in 2015, now over 20% of the entire automated test market for the first time, excluding dedicated semiconductor test. Modular instruments grew at 7.5% last year, and a close examination of the figures showed that modular instruments were responsible for all the growth in ATE. Traditional instruments declined slightly last year.
Within the modular standards, AXIe demonstrated a whopping 61% growth rate, driven by high-end instrumentation. PXI, which includes PXI and PXIe (PXI Express) variants, delivered 8.7% growth, while VXI declined 15.6%. Much of the AXIe growth can be credited to having the smaller base, as the 2015 revenues for AXIe, PXI, and VXI were $63M, $702M, and $105M respectively.