Market Acceptance/Installed base and Trends
In 2009 the PXISA announced that there were more than 100,000 PXI systems deployed containing more than 600,000 instruments. Today, there are more than 55 PXISA member companies that have produced more than 1,500 different PXI modules. As shown in Figure 1, the 2011 Frost and Sullivan Modular Instrumentation study expects the PXI instrumentation market to grow at a compounded annual growth rate of 18.1% for the next 6 years. At this rate, the PXI market is expected to exceed 1 billion USD by 2017.
Figure 1 – Projected Modular Instrument Revenues by Standard
Source: 2011 Frost & Sullivan report “High Growth Test & Measurement Market Opportunity: Modular Instruments”