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Digital Oscilloscopes Is Fastest Growing Segment Fueling The Growth Of Oscilloscope Market

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Lucy Kart
Digital Oscilloscopes Is Fastest Growing Segment Fueling The Growth Of Oscilloscope Market

The global Oscilloscope Market is estimated to be valued at US$ 2311.04 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

An oscilloscope, also known as a scope, is a type of electronic test instrument used to view waveform signals. Oscilloscopes are used to troubleshoot electronic circuit boards, debug hardware issues, and analyze signals in research applications. Digital oscilloscopes now offer higher bandwidth and sampling rates than comparable analog scopes at an affordable price.

Market key trends:

The digital oscilloscope segment dominates the global oscilloscope market due to benefits such as high resolution and sampling rate. Digital scopes offer display resolution up to 640x480 pixels resolution compared to 150x150 pixels for analog oscilloscopes. Digital scopes also offer sampling rates of up to 4 Gigasamples per second (GSa/s), which is much higher compared to analog scopes. With higher resolution and sampling rates, digital oscilloscopes can capture fine waveform details that may be missed by analog oscilloscopes. This makes digital oscilloscopes suitable for analyzing high frequency signals, aiding their widespread adoption.

Segment Analysis

The global oscilloscope market can be segmented based on type, channel type, application, end-use industry and geography. Based on type, the oscilloscope market is segmented into digital oscilloscope and analog oscilloscope. Among these, the digital oscilloscope segment dominates the market and the segment is projected to have the highest growth rate during the forecast period. This is attributed to various advantages of digital oscilloscopes over analog oscilloscopes such as greater storage and display capabilities and better accuracy.

Key Takeaways

Global Oscilloscope Market Size is expected to witness high growth, exhibiting CAGR of 5.1% over the forecast period, due to increasing demand for oscilloscopes from electronics sector.

The Asia Pacific region dominated the oscilloscope market with a share of around 37% in 2023, on account of robust growth of electronics sector in countries such as China and India. North America is expected to witness highest growth during forecast period owing to presence of major oscilloscope manufacturing companies and increasing R&D investments by various end-use industries in the region.

Regional analysis reveals that Asia Pacific exhibits the fastest growth during the forecast period. This is attributed to growing electronics industry and increasing demand for consumer electronics from countries like China, India, Japan, and South Korea.

Key players operating in the oscilloscope market are Scientech Technologies Pvt. Ltd., Tektronix Inc., B&K Precision Corporation, Keysight Technologies Inc., Pico Technology Holdings Ltd., Rohde & Schwarz GmbH & Co. KG, Siglent Technologies Co. Ltd., Teledyne LeCroy Inc., Fluke Corporation, Yokogawa Test & Measurement Corporation, Rigol Technologies Inc., and National Instruments Corporation. These key players are focusing on new product launches and expansions to strengthen their global presence. For instance, in 2021, Keysight Technologies Inc. launched series of InfiniiVision oscilloscopes to expand its portfolio of oscilloscope solutions.



Read More- https://www.newsstatix.com/oscilloscope-market-value-analysis-and-insights/

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