Market Highlights
The
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. The advent of digital oscilloscope has
broadened the scope of application of oscilloscope. While analog oscilloscope
remains very much relevant, digital oscilloscope continues to gain traction.
The application area for oscilloscope spans across aerospace & defense,
consumer electronics, automotive IT & telecommunication and healthcare.
Factors
such as incessant growth of end user verticals such as automotive and
electronics is fueling the demand for oscilloscope. Moreover, increasing
efforts to develop designs that are safer as well as more advanced is creating
market opportunities.
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Regional Analysis:
The
regions covered in the region include North America, Europe, Asia Pacific
(APAC), Latin America and the Middle East & Africa (MEA). Among these, APAC
is the most lucrative market for oscilloscope. In terms of value, the region
commanded for a significant share of the market in 2018 and the trend is likely
to continue throughout the assessment period. The market’s growth can be
attributed to the rapid industrialization in various APAC countries.
North
America is the second largest market for oscilloscope. In 2017, the North
America oscilloscope market was valued at USD 279.77 Million. The market in
North America is expected to witness a CAGR of 7.54% during the projection
period. A strong presence of telecommunication network providers, test and
measurement companies, automotive companies, and manufacturing plants In the
U.S. Canada and Mexico is supporting the growth of the market in North America.
Segmentation:
This
report includes a thorough segmental analysis of the market based on component,
device type, probe type, and end-user.
On
the basis of component, the market is segmented into device & probe and
software. The devices & probes segment is expected to highly attractive
during the forecast period. The segment was valued at USD 813.67 million in
2017 and is anticipated to witness a healthy growth over the next couple of
years. The device and probes are the hardware components of oscilloscope
systems. Oscilloscope devices are used for analyzing and acquiring
time‐and-frequency-domain analog waveforms. Probes are a vital element in an oscilloscope
system as they act as inputs allowing the signal to be carried to the
oscilloscope. It also amplifies the signal, ensures signal integrity, and
access all the power and performance in an oscilloscope.
Based
on devices, the market has been segmented into digital oscilloscope, analog
oscilloscope and PC based. The digital oscilloscope segment is further
sub-segmented into digital phosphor oscilloscope, digital storage oscilloscope
digital sampling oscilloscope and others. The digital oscilloscope segment
holds the largest market share. Towards the end of the forecast period, the
segment is expected to reach a valuation in excess of USD 1,100 million.
On
the basis of type, the market has been segmented into current probes, active oscilloscope
and passive oscilloscope. In terms of value, the passive oscilloscope probe
segment holds the lion’s share. The segment is likely to maintain a strong
growth rate in the foreseeable future.
On
the basis of end-user, the market has been segmented into IT &
telecommunication, healthcare, consumer electronics, aerospace & defense,
automotive and others. In 2017, the consumer electronics segment commanded
close to one-third share of the market. The segment is likely to retain its
dominant position of 2023, reflecting an above-average growth rate. There is a
strong demand for oscilloscopes in the consumer electronics manufacturing
sector. They used for improving existing designs and developing new ones.
Major Key players
·
Teledyne
LeCroy
·
Rohde
& Schwarz
·
Yokogawa
Electric Corporation
·
Nation
Instruments
·
RIGOL
Technologies Inc.
·
Fluke
Corporation
·
TEKTRONIX,
INC.
·
Keysight
Technologies, Inc.
·
Texas
Instruments Incorporated.
·
Pico
technology Ltd.
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LIST OF Table
TABLE
2 GLOBAL OSCILLOSCOPE MARKET, BY COMPONENT, 2017–2023 (USD MILLION)
TABLE
3 GLOBAL OSCILLOSCOPESMARKET, BY DEVICE TYPE, 2017–2023 (USD MILLION)
TABLE
4 GLOBAL OSCILLOSCOPESMARKET, BY DIGITAL OSCILLOSCOPE, 2017–2023 (USD MILLION)
TABLE
5 GLOBAL OSCILLOSCOPE MARKET, BY PROBE TYPES, 2017–2023 (USD MILLION)
TABLE
6 GLOBAL OSCILLOSCOPE MARKET, BY END-USER, 2017–2023 (USD MILLION)
TABLE
7 GLOBAL OSCILLOSCOPE MARKET, BY REGION, 2017–2023 (USD MILLION)
TABLE
8 NORTH AMERICA: OSCILLOSCOPE MARKET, BY COUNTRY, 2017–2023 (USD MILLION)
TABLE
9 NORTH AMERICA: OSCILLOSCOPE MARKET, BY COMPONENT, 2017–2023 (USD
MILLION)
TABLE
10 NORTH AMERICA: OSCILLOSCOPE MARKET, BY DEVICE TYPE, 2017–2023 (USD MILLION)
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