Company Research Report: National Instruments Corporation (NI)

Company Overview

Name, Mission of the Company

Name: National Instruments Corporation (NI)

Mission: Empower engineers and scientists with tools to innovate, discover, and accelerate productivity.

Founding Details

Founded: 1976

Founders: James Truchard (Dr. T), Jeff Kodosky, Bill Nowlin

Key People

No specific Key People listed in the provided data.

Headquarters

Location: Austin, Texas

Number of Employees

No information is available.

Revenue

No information is available.

Reputation

Known For: Automated testing and measurement tools aiding research and validation of new technologies.

Products

Product Offerings

1. PXI

Description: Modular test solutions for meeting demanding test objectives.

Key Features: Industry-leading instruments with configurable software interfaces.

2. LabVIEW+ Suite

Description: Engineering-specific software designed to expedite measurement, analysis, and test processes.

Key Features: Utilizes visual programming to enhance test efficiency and decision-making.

3. CompactDAQ Modules

Description: Precise data acquisition systems with built-in signal conditioning.

Key Features: Supports multiple inputs including voltage, current, and digital I/O.

4. mioDAQ

Description: Next-generation USB DAQ hardware for reliable measurement performance.

Key Features: Enhanced setup and software experience.

Application Areas

Data Acquisition and Control

Electronic Test and Instrumentation

Wireless Design and Test

Systems and Data Management

Engineering Education

Recent Developments

Mergers and Acquisitions

NI is now part of Emerson: In 2023, Emerson acquired NI, enhancing capabilities in software-connected automated Test & Measurement (T&M) systems.

New Products Launched

No specific new products detailed in the provided data.

New Features Added

Integration of Data Analytics and Machine Learning: Advancement in utilizing test data for product performance improvement.

Partnerships

No information on specific new partnerships is available.

Business Strategy Changes

Shifted towards modernizing test and measurement processes with a focus on software, cloud, and machine learning capabilities. The strategy is aimed at creating value for customers through advanced analytics and modular software platforms.

Industries Focus

Recently, NI has concentrated efforts on these markets: Semiconductors, Transportation, Aerospace, Defense, and Government.

Conclusion

NI continues to establish itself as a leader in test and measurement technology through strategic innovation in software-defined testing systems and data analytics. The acquisition by Emerson positions them in a potent space to further advance their offerings and outreach in various industry sectors. By leveraging a comprehensive suite of products and cohesive partnerships, NI is well poised for ongoing growth and strategic expansions in the tech-driven industries.