ID: MRFR/SEM/1341-CR | February 2020 | Region: Global | 110 pages
Oscilloscope Market Overview:
Global oscilloscope market will witness a CAGR of 8.12% between 2018 and 2023. The market is anticipated to reach a valuation in excess of USD 2 Billion by the end of the forecast period.
An oscilloscope is a kind of testing device which is used for measuring and monitoring the voltage or current sent or received from an electronic device. Oscilloscopes are of two types one is digital and the other one is analog.
The digital oscilloscope market has the potential to catch the unexpected errors that may come across while testing. But the case is not the same with the analog oscilloscopes as it requires a technician to operate it 24*7 and certain errors which may be present in the devices being tested can be detected only by repeating the process at least 10-15 times. The application of oscilloscope is easily found in every end-use industry like automobile, electronics, and others these days.
Oscilloscope Market Covid -19 Analysis:
The coronavirus pandemic has given a very hard time to most of the manufacturing, developing, production, and logistic units of the market. Due to this pandemic situation, restrictions were imposed by the government of different countries. The oscilloscope industry has also been impacted very badly during this pandemic as most of the manufacturing units of electronic products and automobiles are closed due to covid-19 restrictions where the oscilloscopes are used on a large scale. But on the other side, some of the losses have been recovered by the use of oscilloscope devices in the health care sector. The devices are usually found near the patient’s bed which responds to the human heartbeat and presents the blood pressure, heart rate, and heart conditions in the form of ecg on the screen.
Oscilloscope Market Dynamics:
In the modern era, the focus of the manufacturers is getting centralized towards the design, safety, and density of products which is one of the major factors responsible for the growth of this market. Secondly the increasing research and development investments in the automobile. Healthcare and electronics sector is another vital factor that will boost the growth of this market. Also, the rising demand for signal storage and automated monitoring facilities is one more crucial factor that will drive the growth of this market. The demand for oscilloscopes in terms of value in the health care sector is anticipated to grow from 560 million in 2020 to 820 million in 2028.
Oscilloscope Market Restraints:
The high cost of oscilloscopes is one of the significant factors that will hamper the growth of this market during the forecast period. The increasing competition among the market players and frequent launches of new products with small upgrades is another factor that may act as a barrier to the growth of this market. The full proof accuracy cannot be expected from anything in this modern era and the lack of technological advancements for getting the precise result without any minor error in it is one more component that may hinder the expansion of this industry. Lastly, the element of economic uncertainty will affect the magnification of this market. The cost of a standard oscilloscope is expected to rise from $239.99 in 2020 to $400 in 2028.
Oscilloscope Market Technology Analysis:
With a lot of technological advancements taking place many new products are being launched in the market that differ from each other based on rising time, phase, voltage, and bandwidth. So every consumer can buy a device with specific functionalities according to his/her requirement. For the very first time, it was the corporation of national instruments that invented standalone & computer-based oscilloscope devices that can integrate themselves with standard desktops and laptops without the requirement of any modular hardware or software.
Oscilloscope Market Study Objectives:
Oscilloscope Market Segment Overview:
Oscilloscope's market share is anticipated to witness significant growth owing to the performance of different market segments. Among these segments, the digital oscilloscope segment will be the fastest-growing and also contribute towards this market growth more than any other segment. If we look at the stats of the last 7 years the digital oscilloscope has surpassed the analog oscilloscope. Digital reading is required to have the testing and measurement of advanced & complex electronic devices done accurately. No doubt the analog oscilloscopes are still used but only in the case of less advanced electronic devices. For an amplifying use the market has been segmented into the following on different bases:
Oscilloscope Market Regional Analysis:
The oscilloscope industry movements are remarkably working in 4 major regions of the world that is north america, asia pacific, europe, and the rest of the world. Among all these regions, the asia pacific region will dominate this market, and the reason attributed to it is the rising penetration of oscilloscopes. Also, the speedy expansion of electronics manufacturing and automobile manufacturing sectors in developing economies china, india, and japan is anticipated to boost the growth of the market in this region. This region is anticipated to show a cagr of 9% and exceed the market valuation of 1500 million by 2028. The manufacturers of electric and hybrid cars will be primarily responsible for the increased sale of oscilloscopes in this region. Also, massive investments made in high-precision laboratory instruments by the key players will enhance the expansion of this market in this region. The north american region will be the second-largest market owing to a large number of end-use industries present in this region. The european region and the rest of the world will also experience noteworthy growth due to increasing industrialization and the use of oscilloscopes in the health care sector to monitor various factors like blood pressure, pulse, and heart health
Oscilloscope Market Competitive Landscape:
To get a detailed and profound idea about the oscilloscope market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. All the market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc. The prime players of this market include:-
Oscilloscope Market Recent Developments:
Oscilloscope Market Intended Audience:
Oscilloscope Market Report Overview:
The oscilloscope industry report presents a shift analysis that includes market drivers, opportunities, and restraints that are available in the global market. The report discusses the impact of covid-19 on the key players of this market. The report also tells about the market segmentation on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in this industry.
|Market Size||USD 2 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Device Type, Probe Type, End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Teledyne LeCroy, Rohde & Schwarz, Yokogawa Electric Corporation, Nation Instruments, RIGOL Technologies Inc., Fluke Corporation, TEKTRONIX, INC., Keysight Technologies, Inc., Texas Instruments Incorporated., and Pico technology Ltd|
|Key Market Opportunities||Growing R&D investments in automotive, healthcare and electronics.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Oscilloscope has application in aerospace & defense, consumer electronics, automotive, IT & telecommunications, healthcare among others.
Increasing R&D investments in healthcare, electronics and automotive can give rise to new avenues for market players in the near future
In 2017, Asia Pacific was the leading regional market with the largest share.
The surging adoption of high-performance digital oscilloscopes boosts the segmental growth.
The electronics sector can emerge as a significant end-user in the oscilloscope market.