That is the reason why LabVIEW is extensively used in various industries and a wide variety of applications. LabVIEW stands for Laboratory Virtual Instrument Engineering Workbench, which is a software development environment for creating custom applications that are able to monitor and control the real-time data in engineering and science field applications.Īs the name indicates Virtual Instrument, LabVIEW has the characteristics of an instrument which can perform measurements, analyzing data and presenting results to the user.