Oscilloscope is electronic test equipment used to measure varying signal voltages. It is used to observe changes occurring in electrical signals during a time frame. Bandwidth, memory depth, digital/analogue channels, sampling frequency, signal integrity are some of the features of an oscilloscopes. The Global Oscilloscope Market is growing with the rapid pace mainly due to the burgeoning demand for signal storage equipment and advent technology. According to a recent study report published by the Market Research Future, The market is booming and expected to gain prominence over the forecast period. The global Oscilloscope market is estimated to accrue enormously up to USD 3 Billion by 2022 with a striking ~9% of CAGR during 2016 and 2022.
The major factor that drives the growth of Oscilloscope market is growing demand especially by education industry for signal storage equipment, growing market of professional education in Asia-pacific region, and growing technical advancement in network market are some of the other factors contributing to the market growth. Growing advancement in network and communication sector is developing market for manufacturing industry to build efficient oscilloscope test devices to serve the growing demand and therefore, America and Asia-pacific countries are taking many initiatives to build strong market of Oscilloscope in the region. Asia-pacific region is growing due to high demand of signal storage test equipment in countries especially in China and India and thereby is increasing Oscilloscope market in the region. Further, the report state less maturity in end-users is a challenge to the market growth. The growing adoption of test equipment devices in engineering and semiconductor sectors is driving the growth of Oscilloscopes in the market. Positive government initiatives is also fuelling the oscilloscopes market growth, especially in Asia-Pacific countries. However, lack of skilled expertise and lack of awareness is the current challenges for the market growth.
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Major Key Players
Agilent Technologies Inc. (U.S.),
Teledyne LeCroy Inc. (U.S.),
Rohde & Shwarz (Germany),
GW Instek (Taiwan),
Yokogawa Electric (Japan),
National Instruments Corporation (U.S.),
RIGOL Technologies (China),
Fluke Corporation (U.S.),
EXFO Inc. (Canada),
Texas Instruments, Inc. (U.S.)
Globally the market for Oscilloscope market is expected to grow at the rate of more than ~9% from 2016 to 2022.
Characterized by the presence of well-established players; Oscilloscope market appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets. Marketers employ a continuous improvement strategy to analyze and update the software, implementing improvements and launching new technologies to meet the changing needs of consumer. These manufactures develop a well-established infrastructure that allows seamless implementation of advanced technologies. They strive to develop unravel design and adept technology Heavy investments are transpired in R&D sector from the major players which is in turn helping the market to grow. In view of growth and immense revenue generation opportunities potential that market is currently demonstrating is in turn attracting several new players to enter the market. However, those new entrants find it challenging to survive in the market with the introduction of new technologies.
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