Oscilloscope Market by Product, End-user, and Geography - Forecast and Analysis 2020-2024

The oscilloscope market share is expected to increase by USD 213.19 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 3%.

This oscilloscope market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers oscilloscope market segmentation by product (digital oscilloscope, PC-based oscilloscope, and analog oscilloscope.), end-user (consumer electronics, mechanical, data storage, aerospace and defense, and others), and geography (APAC, North America, Europe, South America, and MEA). The oscilloscope market report also offers information on several market vendors, including Agilent Technologies Inc., Danaher Corp., Fortive Corp., Good Will Instrument Co. Ltd., Keysight Technologies Inc., National Instruments Corp., Rohde & Schwarz GmbH & Co. KG, Teledyne Technologies Inc., Texas Instruments Inc., and and Yokogawa Electric Corp.. among others.

What will the Oscilloscope Market Size be During the Forecast Period?

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Oscilloscope Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growth in connected cars market is notably driving the oscilloscope market growth, although factors such as the rise in demand for rental test equipment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oscilloscope industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Oscilloscope Market Driver

One of the key factors driving growth in the oscilloscope market is the growth in global connected cars market. The increasing demand for safety features in automotive vehicles has compelled automotive OEMs to focus more on safety features in their vehicles. Automotive OEM's are providing connectivity solutions in their vehicles that incorporate communication technologies to create an automatic system. This is driving the demand for connected cars, which incorporate augmented navigation such as heads-up displays (HUDs), intuitive and multi-modal user interfaces, multimedia support, and a new generation of automotive cloud services. The tightening of vehicle safety regulations, resulting from an increase in the number of accidents, will also augment the global connected cars market growth. The growing demand for higher bandwidth application in automotive applications is resulting in the development of high speed data buses and densely populated circuit boards. This is generating serial data bus problems such as high noise, low signal quality, time lag, and data errors. This is driving the demand for high performance and sophisticated oscilloscopes to analyze and debug automotive buses.

Key Oscilloscope Market Trend

The introduction of advanced software solutions for oscilloscopes is a oscilloscope market trend that is expected to have a positive impact in the coming years. Test software solutions are an important part of test and measurement equipment as they enhance their capability to perform more number of applications. Rapid advances in technology to support higher bandwidth applications with faster transmission speed are resulting in the development and upgrade of worldwide proprietary, industrial, and commercial standards for telecommunication or computing system. Therefore, oscilloscope manufacturers are developing software that expands the capability of the existing oscilloscope for application-specific analysis. This simplifies measurement processes for test engineers as well as enables them to choose from a wide variety of oscilloscopes available in the market, resulting in low cost of implementation of test and measurement instruments.

Key Oscilloscope Market Challenge

The rise in demand for rental test equipment will be a major challenge for the oscilloscope market during the forecast period. Investment in high-performance oscilloscopes for dedicated applications requires significant CAPEX. The high ASP of application-specific high-end oscilloscopes has accelerated the demand for used and rental oscilloscope for test and measurement purposes. Industries such as the aerospace and defense, telecommunication, and semiconductor, which extensively use oscilloscopes, are capital extensive in nature.  As a result, end-users in these industries prefer to use oscilloscopes on a rental basis to reduce their investment costs and meet their demand for test equipment. Several vendors in the global oscilloscope market, such as Keysight Technologies, Teledyne LeCroy, and ROHDE&SCHWARZ, have partnered with various companies that provide test and measurement equipment on rental or lease basis. Though this business model also generates revenue for oscilloscopes manufacturers, it is affecting the demand for new oscilloscopes. This will adversely affect the cash flows of vendors operating in the market, which could result in low profit margin and rescued R&D expenditure.

This oscilloscope market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global oscilloscope market as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the oscilloscope market during the forecast period.

Who are the Major Oscilloscope Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Agilent Technologies Inc.
• Danaher Corp.
• Fortive Corp.
• Good Will Instrument Co. Ltd.
• Keysight Technologies Inc.
• National Instruments Corp.
• Rohde & Schwarz GmbH & Co. KG
• Teledyne Technologies Inc.
• Texas Instruments Inc.
• and Yokogawa Electric Corp..

 

This statistical study of the oscilloscope market encompasses successful business strategies deployed by the key vendors. The oscilloscope market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Agilent Technologies Inc. - The company offers a wide range of products such as Agilent DSO6014A Oscilloscope 4CH 100MHz Oszilloskop, Agilent MSO6054A Mixed Signal Oszilloskop 500MHz 4GSa/S Optionen 001,8MH, Agilent 54825N Infiniium Oszilloskop W / Vorne Abdeckung (RA2), and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The oscilloscope market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Oscilloscope Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the oscilloscope market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the electronics market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Oscilloscope Market?

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41% of the market's growth will originate from APAC during the forecast period. China is the key market for oscilloscopes in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing disposable income and urbanization in the region are driving the demand for consumer electronic devices in the region. This has encouraged manufacturers in the region to increase their production capacity, resulting in a growing demand for test and measurement instruments such as oscilloscopes. This will facilitate the oscilloscope market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Oscilloscope Market?

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The oscilloscope market share growth by the digital oscilloscope segment will be significant during the forecast period. The demand for higher bandwidth applications due to the introduction of digital technologies in consumer electronic devices is driving the demand for digital oscilloscopes supporting higher bandwidth applications.

This report provides an accurate prediction of the contribution of all the segments to the growth of the oscilloscope market size and actionable market insights on post COVID-19 impact on each segment.

 

Oscilloscope Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 3%
Market growth 2020-2024	$ 213.19 million
Market structure	Concentrated
YoY growth (%)	2.45
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 41%
Key consumer countries	US, China, Germany, UK, and Canada
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Agilent Technologies Inc., Danaher Corp., Fortive Corp., Good Will Instrument Co. Ltd., Keysight Technologies Inc., National Instruments Corp., Rohde & Schwarz GmbH & Co. KG, Teledyne Technologies Inc., Texas Instruments Inc., and and Yokogawa Electric Corp..
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Oscilloscope Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive oscilloscope market growth during the next five years
• Precise estimation of the oscilloscope market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the oscilloscope industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of oscilloscope market vendors

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