TechNavio's analysts forecast the Global Modular Instrument market to grow at a CAGR of 12.20 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need for cost-effective automated test equipment. The Global Modular Instrument market has also been witnessing increasing R&D activities across industries. However, the increasing price war among vendors could pose a challenge to the growth of this market. TechNavio's report, Global Mod
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