Contact Information: EDITORIAL CONTACTS: Joel Goldstein Goldstein Group Communications, for LXI Consortium 1-216-573-2300 Bob Helsel LXI Consortium 1-303-652-2571
LXI Test Market to Grow 24 Percent, Forecasts Frost & Sullivan
| Source: LXI Consortium
NIWOT, CO--(Marketwire - February 25, 2009) - A recent technology analyst research report from
Frost & Sullivan (F&S), a leading market research firm, documents
widespread adoption of the emerging LXI Standard (LAN eXtensions for
Instrumentation) and forecasts a growth rate that far exceeds the overall
test market going forward.
In the 46-page "World LXI Test and Measurement Equipment Markets" report
released in December 2008, F&S reported that the worldwide LXI-enabled test and measurement (T&M)
equipment market generated $220.0 million in sales in 2007, which
represents an 83.3 percent increase over 2006.
The report also included a forecast that the size of the world LXI market
will grow as large as $650.0 million by 2012 at a compound annual growth
rate of 24.2 percent. These numbers are in sharp contrast with the
predicted growth in sales for GPIB instrumentation, which likely will be
limited to just 3-4 percent a year in growth.
"It's gratifying to see Frost & Sullivan, an independent technology analyst
firm, document the same widespread adoption rates our members are seeing as
manufacturers of LXI instrumentation," said Von Campbell, LXI Consortium
President. "We ended 2008 with a dramatic increase in LXI-compliant instruments.
Now with 730 instruments and 109 product families included in the LXI
offering, the case for building your next system around LXI architecture
has never been more compelling."
The report, based in part on interviews with manufacturers of LXI test
equipment along with other industry experts, provides in-depth analysis of
the world LXI test and measurement equipment market, including revenue
forecasts, challenges, market and technology trends, and competitive
analysis. More information on Frost & Sullivan and the LXI report is
available at www.frost.com.
About LXI and the LXI Consortium
Introduced in 2005, the LXI Standard has been rapidly implemented by
numerous hardware and software companies, as well as systems integrators.
These organizations, which represent a who's who of the
test-and-measurement industry, recognize that not only is LXI the natural
evolution of the test and measurement instrument interface but that it also
makes it easier for test system designers and integrators to create faster,
more efficient systems. To date, more than 730 products in 109 different
product families have been certified as being compliant with the LXI
Standard and annual sales of LXI-equipped test and measurement equipment
now exceed $220 million (US).
The LXI Standard creates new capabilities that optimize test throughput,
overall system performance, and cost efficiency in a way that allows
engineers to build powerful, web-enabled test systems in less time. The LXI
Consortium, a not-for-profit corporation comprised of leading test and measurement
companies, manages the Standard. The group's goals are to develop,
support, and promote the LXI standard. LXI's flexible packaging, high-speed
I/O, and standardized use of LAN connectivity address a broad range of
commercial, industrial, aerospace, and military applications.
Additional information about LXI-compliant products as well as licensing,
specifications, and consortium membership is available at
www.lxistandard.org.
About Frost & Sullivan
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and leadership. The company's Growth Partnership Service provides the CEO
and the CEO's Growth Team with disciplined research and best practice
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