According to the latest report by IMARC Group "Oscilloscope Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the global oscilloscope market analysis. The global oscilloscope market reached a value of US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2027, exhibiting a CAGR of 5.1% during 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.
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.
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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