Global Digital oscilloscope market is expected to reach USD ~3.01billion by the end of 2023 with ~6.82 % CAGR during forecast period 2018-2023 The major factors that lead to the higher market share of Asia pacific region is the concentration of consumer electronics, semiconductor and electronics component manufacturing companies. Digital oscilloscope market is segmented into regions like North America, Europe, APAC and rest of the world. Asia pacific is the leader in the Digital oscilloscope market thanks to the end users like Consumer electronics and Electronic Component making
Digital oscilloscope Market, By Type (Mobile Digital Oscilloscope & Stationary digital oscilloscope), By Application (3D sensing, Data communication, IP video, radar & Electronic warfare, Power & energy efficiency and optical solutions), By End – User (Automotive, Medical, Education, Meteorology, Electronics, Telecom, Media, Aerospace & Defense and manufacturing) and By Region (North America, Europe, APAC and Rest of the World).
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Key Players
The Digital oscilloscope market holds some of the Key players such as Tektronix, Inc (US), Keysight Technologies (US), GW Instek (Taiwan), Teledyne LeCroy Corporation (US), Fluke Corporation (US), Rohde & Schwarz GmbH (Germany), GAO Tek (Canada), Rigol technologies (China), OWON (China), UNI-Trends (China), and Hantek (China).
Market Highlights:
The Digital oscilloscope market is a slow growing market but holds most of the manufacturing and end user applications. Digital oscilloscope market is composed of many large organizations from electronics industry. It is witnessed that a large share of Digital oscilloscope market is dominated by the Consumer electronics and component manufacturing end users along with aerospace & defense, meteorology, medical and media following the lead. These end users are majorly concentrated in APAC which leads the market by regions. The digital oscilloscope displays a much better and detailed visuals that shows precisely the shape and timing of the pulse. Earlier, analog oscilloscope were used heavily in consumer electronics, manufacturing and precision engineering. Digital oscilloscopes tend to be more user friendly than any other measuring instruments that measure electric voltage & current However, the ability to convert any form of energy (Heat, light and sound) into digital form with more accuracy and precision is the leading factor for the huge market share of Digital oscilloscope. Major of the world’s semiconductors and electronics component manufacturing is done in APAC. The increased demand of better consumer electronics has led the electronic component manufacturers to develop the components with precision and accuracy to outlast the performance.
Digital oscilloscope market is composed of many large organizations from electronics industry. It is witnessed that a large share of Digital oscilloscope market is dominated by the Consumer electronics and component manufacturing end users along with aerospace & defense, meteorology, medical and media following the lead. The Digital oscilloscope market is a slow growing market but holds most of the manufacturing and end user applications. These end users are majorly concentrated in APAC which leads the market by regions. These key players constantly keep innovating and bring about some new technologies to improve visuals, accuracy and data precision.
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Segmentations:
On the basis of Type, Digital Oscilloscope market is divided into Mobile digital oscilloscope and Stationary digital oscilloscope. This segmentation has been led by the hand held or mobile oscilloscopes as their convenience and mobility is the factor that adds value. These mobile oscilloscopes are more of usability in Automobile parts manufacturing and medical equipment manufacturing.
On the basis of Application, Digital Oscilloscope market is divided into 3D sensing, Data Communication, IP video, radar and electronic warfare, Power and energy efficiency and optical solutions. Out of these, Data communication and optical solutions leads the segment. Also radar and electronic warfare are close in sharing the market. This is majorly due to increased growth of communication technology and optics. Many large organizations are investing in better data communications and optics plays a huge role in it. It has estimated a high market in the APAC and North America.
Digital oscilloscope market is also segmented on the basis of End Users in which Electronics is leading the game. Electronics includes everything from the component manufacturing to consumer electronics. Asia pacific is the leader in the Digital oscilloscope market thanks to the end users like Consumer electronics and Electronic Component making. Companies like Huawei, Samsung, and ZTE in countries like China, Japan, South Korea, India and Taiwan are the world leaders in consumer electronics and component manufacturing. Major of the world’s semiconductors and electronics component manufacturing is done in APAC. The increased demand of better consumer electronics has led the electronic component manufacturers to develop the components with precision and accuracy to outlast the performance. This had indirectly affected in the research and development across the area. The end user application in education is also affected by the change in oscilloscope market. Earlier, colleges and universities used to research and teach on analog oscilloscope but now are changing to digital oscilloscope to meet the industry standards.
Market Research Analysis:
An Oscilloscope is an electrical device useful for designing and repairing of circuits carrying voltage and current varying with time. It is primarily used for observing and analyzing waveforms of electrical signals. These waveforms are subjected to change with respect to amplitude, frequency, time, and distortion among others. 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.
Regional Analysis
Digital oscilloscope market is also segmented on the basis of End Users in which Electronics is leading the game. Electronics includes everything from the component manufacturing to consumer electronics. Asia pacific is the leader in the Digital oscilloscope market thanks to the end users like Consumer electronics and Electronic Component making. Companies like Huawei, Samsung, and ZTE in countries like China, Japan, South Korea, India and Taiwan are the world leaders in consumer electronics and component manufacturing.
The digital oscilloscope market is mainly bifurcated under North America, Europe, Asia pacific and rest of the world. At present the market is led by Asia pacific and will continue to lead in the upcoming future. However, North America is following the lead but the gap between two regions on market share is very big. The major factors that lead to the higher market share of Asia pacific region is the concentration of consumer electronics, semiconductor and electronics component manufacturing companies. These end users heavily require the usage of digital oscilloscope for precision and efficient manufacturing. Also the increase in the data communication technology, the countries in Asia pacific are investing in high speed optical fiber cables and wireless technologies requiring the efficiently configured equipments.
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