Market Overview:
The global modular test controllers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for modular test controllers in various applications such as automotive, construction, and aerospace & defense. In addition, the growing demand for automated testing is also contributing to the growth of this market. North America is expected to hold the largest share of the global modular test controllers market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A modular test controller is a device that coordinates the testing of multiple electronic modules. It is important because it allows for the quick and easy testing of multiple modules as well as the ability to diagnose issues with specific modules.
Material Tests:
Material tests, also known as mechanical testing or physical testing, is a test method used to measure the strength and other properties of materials. It includes tensile tests, flexural tests, impact resistance test and others. The growth factor in the market for material tests is increasing demand from end-use industries such as automotive & transportation and electrical & electronics sectors due to technological advancements in these fields.
Component Tests:
Component tests are used to test the individual components of a system or device under test. These tests can be performed either in an automated or manual mode depending on the necessity. The component tests include functional testing, stress testing and performance testing among others. Stress Testing is used to determine whether a device or system is capable of withstanding the demands it is expected to perform under given conditions; while Performance Testing determines how long it takes for a certain task to complete.
Application Insights:
Automotive was the largest application segment in 2017 and will continue to be so over the forecast period. The automotive industry has been witnessing significant technological advancements that have led to an increase in production volumes, thus necessitating a rise in Modular Test Controllers (MTC) capacities across various regions.
The MTC market is also expected to witness significant growth owing to its rising penetration across aerospace & defense applications. Aerospace & defense accounted for a share of 15% of the overall revenue in 2017 and is expected to grow at a CAGR exceeding 12% from 2018 through 2030. Growing demand for advanced MTCs with enhanced features such as real-time monitoring, advanced diagnostics capabilities, and flexible test management tools are anticipated to drive product adoption across this sector over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing investments in various industries, such as aerospace and defense, electronics, automotive and others. In addition, rising demand for consumer electronic devices such as smartphones and laptops is anticipated to drive the regional market growth over the forecast period.
The European market accounted for a significant share of revenue in 2017 owing to high product adoption across several end-use industries including aerospace & defense and energy & utilities. However, strict regulations regarding radiation emission are hampering product demand in this region; hence reducing its sales volume considerably.
Growth Factors:
- Increasing demand for automated testing in the software industry
- Growing popularity of modular test controllers among small and medium-sized businesses
- Proliferation of cloud-based testing services
- Rising demand for quality assurance and defect prevention services
- Emergence of next-generation test automation tools
Scope Of The Report
Report Attributes
Report Details
Report Title
Modular Test Controllers Market Research Report
By Type
Material Tests, Component Tests
By Application
Automotive, Construction, Aerospace & Defense
By Companies
Moog, MTS, Thorlabs, AMETEK, KAI, EJC, Ball Systems, KLIPPEL, MTM, Yokogawa, VIAVI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Modular Test Controllers Market Report Segments:
The global Modular Test Controllers market is segmented on the basis of:
Types
Material Tests, Component Tests
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Construction, Aerospace & Defense
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Moog
- MTS
- Thorlabs
- AMETEK
- KAI
- EJC
- Ball Systems
- KLIPPEL
- MTM
- Yokogawa
- VIAVI
Highlights of The Modular Test Controllers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Material Tests
- Component Tests
- By Application:
- Automotive
- Construction
- Aerospace & Defense
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Modular Test Controllers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Modular test controllers are a type of software testing tool that allow testers to create and manage their own tests. This allows testers to have more control over the testing process, which can lead to better quality tests.
Some of the major players in the modular test controllers market are Moog, MTS, Thorlabs, AMETEK, KAI, EJC, Ball Systems, KLIPPEL, MTM, Yokogawa, VIAVI.
The modular test controllers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Modular Test Controllers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Modular Test Controllers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Modular Test Controllers Market - Supply Chain
4.5. Global Modular Test Controllers Market Forecast
4.5.1. Modular Test Controllers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Modular Test Controllers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Modular Test Controllers Market Absolute $ Opportunity
5. Global Modular Test Controllers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Modular Test Controllers Market Size and Volume Forecast by Type
5.3.1. Material Tests
5.3.2. Component Tests
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Modular Test Controllers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Modular Test Controllers Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Construction
6.3.3. Aerospace & Defense
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Modular Test Controllers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Modular Test Controllers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Modular Test Controllers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Modular Test Controllers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Modular Test Controllers Demand Share Forecast, 2019-2029
9. North America Modular Test Controllers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Modular Test Controllers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Modular Test Controllers Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Construction
9.4.3. Aerospace & Defense
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Modular Test Controllers Market Size and Volume Forecast by Type
9.7.1. Material Tests
9.7.2. Component Tests
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Modular Test Controllers Demand Share Forecast, 2019-2029
10. Latin America Modular Test Controllers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Modular Test Controllers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Modular Test Controllers Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Construction
10.4.3. Aerospace & Defense
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Modular Test Controllers Market Size and Volume Forecast by Type
10.7.1. Material Tests
10.7.2. Component Tests
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Modular Test Controllers Demand Share Forecast, 2019-2029
11. Europe Modular Test Controllers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Modular Test Controllers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Modular Test Controllers Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Construction
11.4.3. Aerospace & Defense
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Modular Test Controllers Market Size and Volume Forecast by Type
11.7.1. Material Tests
11.7.2. Component Tests
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Modular Test Controllers Demand Share, 2019-2029
12. Asia Pacific Modular Test Controllers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Modular Test Controllers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Modular Test Controllers Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Construction
12.4.3. Aerospace & Defense
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Modular Test Controllers Market Size and Volume Forecast by Type
12.7.1. Material Tests
12.7.2. Component Tests
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Modular Test Controllers Demand Share, 2019-2029
13. Middle East & Africa Modular Test Controllers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Modular Test Controllers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Modular Test Controllers Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Construction
13.4.3. Aerospace & Defense
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Modular Test Controllers Market Size and Volume Forecast by Type
13.7.1. Material Tests
13.7.2. Component Tests
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Modular Test Controllers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Modular Test Controllers Market: Market Share Analysis
14.2. Modular Test Controllers Distributors and Customers
14.3. Modular Test Controllers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Moog
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MTS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Thorlabs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AMETEK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KAI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. EJC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ball Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KLIPPEL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MTM
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yokogawa
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. VIAVI
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook