The global oscilloscope market is expected to growing with the significant pace. The major factor that drives the growth of oscilloscope market is the growing demand for signal storage equipment. The growing market of professional education in Asia-pacific region and increase in technical advancement in network market is driving the market in the region. According to a recent study report published by the Market Research Future, The global market of oscilloscope is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the forecast period (2016 – 2022).
The increasing demand for safety features in automotive vehicles has obligate automotive original equipment manufacturers to add more importance to the safety features in their vehicles. The rising consumer demands for automatic systems like augmented navigation, that includes heads-up displays (HUDs), intuitive and multi-modal user interfaces, multimedia support and the emergence of automotive cloud services boosts the growth of the oscilloscope device.
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Key Players for Oscilloscope Market:
- Agilent Technologies Inc. (US),
- Teledyne LeCroy Inc. (US),
- Rohde & Shwarz (Germany),
- GW Instek (Taiwan),
- Yokogawa Electric (Japan),
- National Instruments Corporation (US),
- RIGOL Technologies (China),
- Fluke Corporation (US),
- EXFO Inc. (Canada),
- Texas Instruments, Inc. (US)
Globally, Oscilloscope Market is expected to grow from USD 2.3 billion in 2017 to USD 3.62 billion by 2023, at a CAGR of 8.2% during the forecast period.
Asia-Pacific is dominating the Global oscilloscope Market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2022. Asia Pacific is leading the global oscilloscope market due to high adoption of digital oscilloscope in education sector, especially by China & India and therefore is expected to grow with highest revenue by 2022 followed by Europe. The Asia Pacific market has the highest concentration of consumer electronics manufacturers and electronic component manufacturers in the world. The high concentration of manufacturers in the region has resulted in the demand for test and measurement instruments such as oscilloscopes. North America is the second highest region followed by Europe and Middle East & Africa.
The Market of oscilloscope appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
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.
The Oscilloscope Market can be segmented into 3 key dynamics for the convenience of the report and enhanced understanding;
By Type : Comprises Analogue, Digital, Cathode ray, handheld, mixed signal, Dual-beam, Sampling, and PC based among other.
By Application: Engineering, Science & Technology, Automotive, Semiconductor, Telecommunications, and Healthcare, among other.
By Regions : North America, Europe, APAC and Rest of the World.
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- Technology investors and providers
- Manufacturing Industries
- Alliance and associations
- Strategic business analysts
LIST OF TABLES
Table 1 Global Oscilloscope Market, By Country, 2018-2023
Table 2 North America: Oscilloscope Market, By Country, 2018–2023
Table 3 Europe: Oscilloscope Market, By Country, 2018–2023
Table 4 Asia-Pacific: Oscilloscope Market, By Country, 2018–2023
Table 5 Latin America: Oscilloscope Market, By Country, 2018–2023
Table 6 North America: Oscilloscope Market, By Country
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