Market Synopsis
The global digital
oscilloscope market 2020, according to MRFR, is expected to record USD 3.01
Billion by 2027, to surge at a substantial CAGR of 6.82% over the review period.
Market Highlights
Despite having the most significant market
share in the oscilloscope market, the Digital Oscilloscope market is estimated
to grow at a slow rate. Analog oscilloscope had earlier been widely used in
consumer electronics, manufacturing and precision engineering. However, the
ability to transform any source of energy (heat, light, and sound) into digital
form with greater precision and accuracy is the leading factor in Digital
oscilloscope's massive market share. Digital oscilloscopes also tend to be more
user-friendly than any other measuring tools that measure electrical voltage
and current. The optical oscilloscope shows much more robust and more accurate
graphics, which demonstrate the form and timing of the pulse precisely. There
is room for development both in infrastructure and in equipment usage.
Increased demand for signal storage and self-monitored facilities, expected
growth in the general purpose test market, increased electronic device
intelligence, increased bandwidth, improvements to the user interface, and
modular instrumentation are expected to drive the market. Business constraints
are likely to be competition, economic instability and future proof solutions.
Connectivity and convergence, financial, intelligent like new green are
emerging consumer trends.
In emerging countries such as China and India, the
increasingly growing importance of digital storage oscilloscopes in the field
of technical education systems leads to increased adoption of digital
oscilloscopes among educational institutions in the region. On the other hand,
a significant challenge factor for the growth of the digital storage
oscilloscopes market is the process of simultaneous capture of the adequate
cycles of both fast and slow signals.
Competitive Dynamics
The Digital oscilloscope market holds some
of the major players such as
·
UNI-Trends (China)
·
Tektronix, Inc (US)
·
GW Instek (Taiwan)
·
Keysight Technologies (US)
·
Teledyne LeCroy Corporation
(US)
·
Fluke Corporation (US)
·
GAO Tek (Canada)
·
Rohde & Schwarz GmbH
(Germany)
·
Rigol technologies (China)
·
OWON (China)
·
Hantek (China).
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Market Segmentation
The digital oscilloscope market is divided
into Form, Application, End User and Regional segments. It is further bifurcated
into Mobile Digital Oscilloscope and Stationary Digital Oscilloscope according
to form. The hand held, or handheld oscilloscopes led this segmentation, as
their comfort and versatility is the aspect that adds value. Digital
Oscilloscope market is divided into data communication, 3D sensing, IP video,
radar and electronic warfare, Power and energy management, and optical
solutions based on Application. Even on the basis of End Users in which
Electronics leads the league, the digital oscilloscope market is segmented. Electronics
includes products from the component manufacturing to consumer electronics.
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Regional Outlook
The demand for optical oscilloscopes is
segmented into regions such as North America, Europe, APAC and the rest of the
world.
The Asia Pacific is the Optical
Oscilloscope market leader, thanks to end-users such as consumer electronics
and part manufacturing. Companies such as Huawei, Samsung and ZTE are the world
leaders in consumer electronics and device manufacturing in countries such as
China, Japan, South Korea, India and Taiwan. They are also the developing
economies that are introducing the latest and disruptive technologies that
warrant a lot of accuracy and precision.
North America, though, follows the APAC,
but the difference is enormous. Major manufacturing of semiconductors and
component electronics worldwide is done in APAC. Owing to the significant
presence of consumers of digital storage oscilloscopes North America leads the
global market for digital storage oscilloscopes. The development of the demand
for digital storage oscilloscopes in Western Europe, Eastern Europe, follows
the market in North America thanks to the adaptation of digital storage
oscilloscopes technologies in the electronics and manufacturing sector in this
region.
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