Pune, India, August, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Global Oscilloscope Market Research Report.
Market Overview
The global market for oscilloscope is set to grow at the rate of more than 9% during the forecast period (2016-2022), reports Market Research Future (MRFR). An oscilloscope is a laboratory instrument that displays and analyzes the waveform of electronic signals. In other words, it is used to observe changes in electrical signals during a time frame. Bandwidth, memory depth, digital/analog channels, sampling frequency and signal integrity, are few features of an oscilloscope.
Drivers and Restraints
Growing connected cars market to augment demand for oscilloscope
Accelerated demand for safety features in automotive vehicles has compelled automotive manufacturers to integrate smart features in vehicles. To cater to this growing demand, manufacturers are offering connectivity solutions in their vehicles that incorporate communication technologies to create an automatic system. With rising consumer demands for automatic systems such as augmented navigation, which includes a new generation of automotive cloud services and many others, the market share of the oscilloscope market is estimated to grow during the review period. Moreover, growing demand for signal storage and self-monitored facilities, increasing intelligence of electronic devices and increasing bandwidth are predicted to fuel the market growth.
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Unstable economy across the globe to hamper the market growth
Economic uncertainty has proven to be a major deterrent in the market progression, with issues like recession and inflation challenging the growth of oscilloscope market. On the other hand, oscilloscopes have a profound application in various areas such as differential measurement, bandwidth measurement, time & voltage measurement, and phase & rise time.
Industry Trends
July 2018 – Tektronix Inc. has introduced the 6 Series MSO mixed signal oscilloscope that extends the performance threshold of midrange oscilloscopes to 8 GHz. It also delivers a 25 GS/s sample rate on all 4 channels at the same time, to accommodate the needs of designers working on faster, complex embedded systems designs.
Technological innovations and development lead to product enhancement, augmenting the appeal and subsequently the demand for oscilloscope.
Market Segmentation
The global market for oscilloscope is segmented on the basis of types and application.
Type-wise, the market is segmented into digital, analog, cathode ray, dual-beam, handheld, mixed-signal, sampling, and PC based. The digital oscilloscope leads the oscilloscope market, capturing a substantial part of the overall market share. With growing number of devices interconnected through wireless technologies such as Bluetooth, Wi-Fi, ZigBee, and Z-Wave, the demand for digital oscilloscopes supporting higher bandwidth applications will surge among electronics manufacturers in the foreseeable future.
By application, the market is segmented on the basis of science & technology, healthcare, engineering, semiconductor, automotive, telecommunication, and others. In healthcare, health professionals use oscilloscopes to observe brain waves in diagnostic applications. Medical and laboratory technicians also make extensive use of oscilloscopes.
Regional Analysis
The global oscilloscope market is segmented into regions of North America, Europe, Asia Pacific and the Middle-East and Africa.
Asia Pacific leads the global oscilloscope market with maximum market share on account of high adoption of digital oscilloscope in education sector, particularly by China & India. The regional market is therefore expected to generate highest revenue by 2022.
North America is the second highest region due to strong economy and heavy industrialization. The efforts given by test and design engineers for consumer electronics user experiences with oscilloscopes are stronger in North America than in other regions. Further, competition has become more intense among companies like among Tektronix, Agilent Technologies, and Teledyne LeCroy.
Following North America is the region of Europe, which represents a sizeable portion of the global market. The oscilloscope market in the region is expected to expand on the back of increased confidence in buying through online channels among consumers.
Competitive Dashboard
GW Instek (Taiwan), Yokogawa Electric (Japan), National Instruments Corporation (U.S.), Agilent Technologies Inc. (U.S.), Teledyne LeCroy Inc. (U.S.), Rohde & Shwarz (Germany), RIGOL Technologies (China), Fluke Corporation (U.S.), EXFOÂ Â Inc. (Canada), and Texas Instruments, Inc. (U.S.) among others.
Industry Updates
IkaLogic has developed a pen-shaped battery-powered wireless oscilloscope, which streams captured signals to almost any WiFi-connected screen. It is called IkaScope WS200 which offers a 30MHz bandwidth with 200Msample/s and +/-40Vpp maximum input. It works on desktop computers as well as on mobile devices like tablets or smartphones.