Press release
With 5.1% CAGR, Oscilloscope Market Size to Reach US$ 2.8 Billion 2022-2027
Oscilloscopes refer to electronic test instruments that display varying signal voltages in detail and monitor changes with sensors. They are used to manufacture, design, and repair electronic equipment. Oscilloscopes are also utilized for advanced analysis, communication mask testing, digital debugging of intermittent signals, etc. The digital product variants with modern liquid crystal displays (LCD) enable detailed signal measurement, data storage, fast calculations, automated analysis, etc. At present, several manufacturers are developing handheld instruments that rely on electrically isolated floating inputs and are battery-powered.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Oscilloscope Market Trends:
The growing prevalence of chronic disorders and improving diagnostic modalities represent some of the primary factors driving the oscilloscope market. Healthcare professionals utilize oscilloscopes for diagnostic approaches, including monitoring the patients' brain waves and heartbeat. Additionally, the increasing emphasis on driver safety and rising consumer preferences for comfortable riding experience are further propelling the product demand in the automotive sector. Oscilloscopes help troubleshoot potential problems and inconsistencies in the communication data stream, solenoids, sensors, ignition system, actuators, etc. Besides this, the escalating demand for consumer electronics is also contributing to the increased sales of oscilloscopes as they are used to measure waveforms in devices, such as computers, televisions, radios, etc. Furthermore, the elevating cybersecurity concerns in the defense and aerospace industries to achieve accurate measurements are anticipated to strengthen the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oscilloscope market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, bandwidth, probe type and end user.
Breakup by Type:
Analog
Digital
PC based
Breakup by Bandwidth:
Less than 1Gz
1.1Gz to 8Gz
8.1Gz to 32Gz
Others
Breakup by Probe Type:
Active Oscilloscope Probe
Passive Oscilloscope Probe
Current Probes
Breakup by End User:
Consumer Electronics
Aerospace and Defense
Automotive
IT and Telecommunication
Healthcare
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
B&K Precision Corporation
Fluke Corporation (Fortive Corporation)
Good Will Instrument Co. Ltd.
Keysight Technologies
National Instruments Corporation
Pico Technology Limited
Rigol Technologies Co. Ltd.
Rohde & Schwarz GmbH & Co KG
Scientech Technologies Pvt. Ltd.
Teledyne LeCroy Inc. (Teledyne Technologies Incorporated)
Yokogawa Electric Corporation.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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