India PXI Market size was valued at US$ 78.5 million in 2024 and is projected to reach US$ 145.25 million by 2030, at a CAGR of 10.8%.
PXI (PCI eXtensions for Instrumentation) is a modular instrumentation platform for measurement and automation systems, widely used in testing and validation applications.
The Indian market shows robust growth, driven by electronics manufacturing and aerospace testing. In 2023, total system sales reached 3,200, with electronics testing accounting for 45% of demand. Aerospace/Defense growing at 13% annually. Hybrid systems represent 40% market share.
This report contains market size and forecasts of Peripheral Component Interconnect Extensions for Instrumentation (PXI) in India, including the following market information:
• India Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market Revenue, 2019-2024, 2024-2030, ($ millions)
• India Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market Sales, 2019-2024, 2024-2030,
• India Top five Peripheral Component Interconnect Extensions for Instrumentation (PXI) companies in 2023 (%)
Report Includes
This report presents an overview of India market for Peripheral Component Interconnect Extensions for Instrumentation (PXI) , sales, revenue and price. Analyses of the India market trends, with historic market revenue/sales data for 2019 – 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Peripheral Component Interconnect Extensions for Instrumentation (PXI) sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the India Peripheral Component Interconnect Extensions for Instrumentation (PXI) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
Segment by Type
• Software
• Hardware
Segment by Applications
• Wireless Technology
• Aerospace
• Defense
• Consumer Electronics Industries
Key Companies covered in this report:
• National Instruments (NI)
• Keysight Technologies
• Astronics Corporation
• ADLINK Technology
• Chroma ATE
• Pickering Interfaces
• AMETEK Programmable Power
• Teradyne
• Marvin Test Solutions
• VTI Instruments (Acquired by AMETEK)
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies Peripheral Component Interconnect Extensions for Instrumentation (PXI) revenues in Indian market, 2019-2024 (Estimated), ($ millions)
• Key companies Peripheral Component Interconnect Extensions for Instrumentation (PXI) revenues share in Indian market, 2023 (%)
• Key companies Peripheral Component Interconnect Extensions for Instrumentation (PXI) sales in Indian market, 2019-2024 (Estimated),
• Key companies Peripheral Component Interconnect Extensions for Instrumentation (PXI) sales share in Indian market, 2023 (%)
Drivers
- Growing Demand for Automation and Testing Solutions: As industries in India such as automotive, aerospace, electronics, and telecommunications continue to grow, there is an increased demand for automated testing and measurement systems. PXI-based solutions are ideal for these industries due to their scalability, modularity, and high-performance capabilities, making them an attractive choice for businesses looking to improve their testing processes.
- Government Initiatives and Support for Digital Infrastructure: The Indian government’s focus on improving infrastructure, smart cities, and promoting digitalization (such as initiatives like “Make in India” and “Digital India”) has propelled the demand for advanced testing systems. This includes the widespread use of PXI systems in R&D centers, educational institutes, and manufacturing industries.
- Advancement in Electronics and Communication Technologies: With the rapid development of electronics and communications sectors, the need for precise and advanced testing systems is growing. PXI-based test systems provide a high level of precision and are highly effective in testing components such as RF and optical devices, which are increasingly important in the Indian market.
- Increase in Research and Development Activities: India’s burgeoning R&D sector, especially in fields like defense, automotive, and telecommunications, has driven the demand for PXI-based testing solutions. These industries require customized and scalable test systems that can be tailored to specific research needs, which PXI platforms are well-suited for.
Restraints
- High Initial Investment: One of the significant barriers to the growth of the PXI market in India is the high cost of initial investment. While PXI systems offer long-term benefits in terms of performance and flexibility, their upfront costs can be prohibitive for smaller companies or those with limited budgets.
- Lack of Skilled Workforce: Although PXI systems are gaining traction in India, there is still a shortage of skilled professionals who are proficient in handling and operating these advanced testing systems. This skills gap poses a challenge for businesses looking to implement PXI solutions efficiently.
- Integration Complexity: Integrating PXI systems with existing infrastructure can be a complex process, especially for businesses that are not well-versed in these technologies. The complexity of configuring and setting up the system could delay the adoption process.
- Limited Awareness Among Small and Medium Enterprises (SMEs): Despite the growing demand in large industries, SMEs in India are often unaware of the benefits offered by PXI systems. The lack of knowledge about PXI’s modular nature and cost-effectiveness over time limits its adoption in smaller businesses.
Opportunities
- Emerging Applications in 5G and IoT: The rapid rollout of 5G networks in India and the rise of IoT devices provide a lucrative opportunity for PXI-based systems. As 5G testing and IoT applications require high-precision testing equipment, PXI systems can address these requirements effectively, opening up new avenues for market growth.
- Growth in Defense and Aerospace Sectors: India’s defense and aerospace sectors are witnessing substantial growth, and PXI systems are used extensively for the testing of radar, communications systems, and avionics. These sectors’ increasing reliance on advanced testing technologies presents a significant opportunity for PXI vendors in India.
- Shift Towards Industry 4.0: The ongoing shift towards Industry 4.0 and smart manufacturing presents a significant growth opportunity for PXI-based test systems. PXI systems can play a pivotal role in enhancing manufacturing processes by enabling real-time testing, diagnostics, and automation of production lines.
- Collaborations with Educational Institutions: There is an opportunity to collaborate with universities and research institutions in India for academic purposes. PXI systems can be used for advanced research in various fields like electronics, telecommunications, and materials science, thereby driving adoption in academic circles.
Challenges
- Cost-Effective Alternatives: While PXI systems offer a high level of performance, other lower-cost alternatives may be available in the market, making it challenging for PXI-based solutions to compete on price, especially in price-sensitive industries.
- Infrastructure Limitations in Rural Areas: In some rural or less-developed regions of India, the lack of robust digital infrastructure can limit the deployment and adoption of advanced PXI systems. These areas may not have the necessary connectivity or technical resources to support the sophisticated nature of PXI systems.
- Supply Chain Disruptions: The global semiconductor and component shortages have led to supply chain disruptions, which may hinder the availability of PXI systems and their components in the Indian market. These disruptions could delay project timelines and increase costs for companies relying on PXI solutions.
- Regulatory Challenges: India’s regulatory environment for importing and using high-tech equipment, including testing and measurement systems, can be complex and may present challenges for companies entering the PXI market. Import duties, certification processes, and compliance with local standards can delay product availability and increase costs.
Key Indicators Analysed
• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Indian Market Analysis: The report includes Indian market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market
• Overview of the regional outlook of the Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
We offer additional regional and global reports that are similar:
• Global Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market
• United States Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market
• Japan Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market
• Germany Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market
• South Korea Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market
• Indonesia Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market
• Brazil Peripheral Component Interconnect Extensions for Instrumentation (PXI) Market
Customization of the Report: In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are meet.
