Oscilloscopes are electronic test instruments that allow visualization and measurement of electronic signals. These oscilloscopes have numerous applications in industrial electronics, automotive, and consumer electronics sectors for testing, fault finding, and repair of electronic devices and circuits. Oscilloscopes provide various advantages like easy operation, compact size, portability, and high-resolution imaging. The growing consumer electronics industry and rising demand for portable devices is driving the need for compact and portable oscilloscopes.
The Global Oscilloscope Market Size is estimated to be valued at US$ 2662.32 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for portable and wireless oscilloscopes is growing rapidly owing to their advantages like compact size, easy transportability, and wireless connectivity. Manufacturers are focusing on developing oscilloscopes with integrated Wi-Fi and Bluetooth capabilities for easy sharing of data and remote monitoring. For instance, in 2021 Rohde & Schwarz introduced RTO2044 oscilloscope with built-in Wi-Fi connectivity. Such oscilloscopes with wireless capabilities allow users to easily transfer measurement data to tablets or smartphones for further analysis or troubleshooting on the go. This emerging trend of wireless oscilloscopes is expected to continue during the forecast period.
Segment Analysis:
The global oscilloscope market is dominated by the portable oscilloscope sub-segment due to its advantages such as high operational flexibility, easy transportation and handling. Portable oscilloscopes are highly favored for performing measurements at field locations and during equipment troubleshooting and repair procedures. They allow engineers to analytically assess waveforms and test electronic circuits wherever needed.
Key Takeaways:
The global oscilloscope market is expected to witness high growth over the forecast period. Rapid industrialization and expansion of the electronics sector has boosted the demand for oscilloscopes across various industries such as telecommunications, consumer electronics, healthcare, automotive, and aerospace and defense. The global Oscilloscope Market is estimated to be valued at US$ 2662.32 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031.
North America currently holds the largest share of the oscilloscope market owing to strong presence of key oscilloscope manufacturers and increasing investments in R&D activities by numerous industries in the region. Asia Pacific is projected to grow at the fastest pace during the forecast period fueled by surging electronics production and rising focus of regional governments on strengthening manufacturing capabilities. Countries such as China, India, Taiwan, and South Korea are witnessing substantial investments in automobile, telecom and semiconductor sectors which is creating high demand for oscilloscopes for quality inspection and testing purposes.
Key players:
Key players operating in the oscilloscope market are Straumann Group, Zimmer Biomet Holding, Inc., Danaher Corporation, Dentsply Sinora Inc., BioHorizons IPH, Inc., Henry Schein, Inc., Osstem Implant Co. Ltd., Avinent Implant System, A-Dec Inc., Nobel Biocare, Sonoma Pharmaceuticals, Inc, and Nexa3D.
Get More Insights Here: https://www.newswirestats.com/oscilloscope-market-size-share-and-growth-forecast-2023-2030/
Comments
0 comment