According to Technavio’s latest market research study, the global oscilloscope market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global oscilloscope market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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The top three revenue contributing end-user segments are discussed below
Global oscilloscope market for consumer electronics: The adoption of oscilloscopes in the consumer electronics sector is fueled by factors such as the proliferation of mobile computing devices such as smartphones, tablets, and wearables, with new capabilities and emergence of disruptive technologies that shift the bandwidth usage based on how the users access the network. The continual advances in this segment are resulting in increased demand for sophisticated oscilloscopes from the manufacturers of consumer electronic goods.
“Many vendors in the market space are working collectively in an open-source platform to set standards for all the things, determining the interoperability among IoT devices. One of the alliances is AllSeen Alliance, which was founded in 2013 with an objective to create a larger ecosystem of vendors and products,” says Sunil Kumar Singh, a lead analyst at Technavio for research on semiconductor equipment.
Global oscilloscope market for mechanical applications: The industrial and automotive machinery account for a majority of the demand for oscilloscopes for mechanical applications. The demand for oscilloscopes in the industrial segment is expected to be generated from the increasing demand for automation solutions in discrete and process industries.
Global oscilloscope market for data storage applications: Oscilloscopes are used to test optical storage designs by measuring disc performance, media noise, and optical recording characteristics. The demand for oscilloscopes from the data storage segment, which offers hard disks, servers, and all forms of digital data storage devices, is driven by the increasing use of magnetic and optical drives.
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The top vendors operating in the global oscilloscope market are:
- Fortive
- Keysight technologies
- Teledyne LeCroy
- ROHDE&SCHWARZ
Other prominent vendors in the market include Good Will Instrument, National Instruments, Rigol Technologies, and Yokogawa Electric.
A more detailed analysis is available in the Technavio report titled, ‘Global Oscilloscope Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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