Oscilloscope is a laboratory instrument that is commonly used in analyzing and to display the waveform of electronic signals. It is one of the widely used testing instrument in laboratory applications. It is used to look at the shape of electrical signals by displaying a graph of voltage against time. Oscilloscope works like voltmeter with an additional information regarding the variation of voltage with respect to time.
The key use of oscilloscope is to observe the exact wave shape of an electrical signal. Scientific instruments and medical monitoring instruments are widely getting adopted in the developing and developed economies which is supporting the growth in the applications of oscilloscope. The technological innovation is playing a significant role in the adoption of real time oscilloscope among the end user industries.
The key advantage of adopting oscilloscope is due to its advanced user interface, high acquisition rate, signal fidelity, and an innovative trigger system. The innovation in wireless sensor is a driving factor for the adoption of advanced oscilloscope in the global market. The development in digital oscilloscope has led to creation of other types of digital oscilloscope namely digital storage oscilloscopes, digital phosphor oscilloscopes and sampling oscilloscopes.
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Oscilloscope Market: Market Dynamics
Automotive industry is one of the driving force for the global oscilloscope market and the growing adoption of electric cars in the developing countries will support the market. In addition to that, the hybrid vehicles will also positively influence the growth of the global oscilloscope market. The growth of semiconductor and electronics industry is the key driving force for the growth of global oscilloscope market globally.
The key challenge for the global oscilloscope market is that the oscilloscopes are less power efficiency. In addition to that, significant problem related to noise have hindered the adoption rate of oscilloscopes. The growth on smart devices have positively influenced the growth of oscilloscope market and in developing countries it will be a key trend in the forecast period. The western countries are driving the innovation of new oscilloscope are being produced for various end user applications.
Oscilloscope Market: Market segmentation
The global oscilloscope market can be segmented into type, product type and end use.
On the basis of type, the global oscilloscope market is segmented into:
On the basis of product type, the global oscilloscope market is segmented into:
- Handheld oscilloscope
- PC based oscilloscope
On the basis of end use, the global oscilloscope market is segmented into:
- Semiconductor & Electronics Industry
- Medical & Healthcare Industry
- Automotive Industry
- Aerospace & Defense Industry
Oscilloscope Market: Regional Outlook
North America and Western Europe are the primary market places for the global oscilloscope market. The markets in these regions are majorly driven by semiconductor & electronics and healthcare industries that use oscilloscope for laboratory applications. The US is the leading market place for digital oscilloscope in the aerospace & defense industry. Developing countries are investing more in high-precision laboratory instruments, which will drive the oscilloscope market. Such investments in these regions will face a linear growth trend during the forecast period. Currently, countries such as the U.S., Japan, China, Germany, U.K., and France are leading in the manufacturing of oscilloscope.
Laboratory applications in semiconductor & electronics, and medical & healthcare industries are deploying oscilloscope in large numbers in Asia. Investments in new automotive manufacturing projects in Asian countries are expected to drive the global oscilloscope market during the forecast period. Electric and hybrid car production units will support manufacturers from the US, Germany, Japan, South Korea and France.
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Oscilloscope Market: Key Market Participants
Some of the key market participants in the global Oscilloscope market are:
- Agilent Technologies Inc.
- Danaher Corp.
- Fluke Corp
- Good Will Instrument
- GW Instek
- Keysight Technologies
- National Instruments
- Rigol Technologies Inc.
- Teledyne LeCroy Inc.
- Yokogawa Electric
- ZTEC Instruments