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.
Market is expected to show a significant growth rate in coming five years (2016-2022). The major growth drivers is the emergence of digital storage oscilloscope for storing and analysing signals instead of the traditional analog signals processing method.
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Major Key Players
Agilent Technologies Inc. (U.S.),
Teledyne LeCroy Inc. (U.S.),
National Instruments Corporation (U.S.),
Fluke Corporation (U.S.),
Rohde & Shwarz (Germany),
GW Instek (Taiwan),
Yokogawa Electric (Japan),
RIGOL Technologies (China),
EXFO Inc. (Canada),
Texas Instruments, Inc. (U.S.) among others.
Globally the market for Oscilloscope Market is expected to grow at the rate of more than 9% from 2016 to 2022.
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 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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