Digital Oscilloscope Market Shares, Future Prospect and Key Factors to Know Forecast by 2022

Global digital oscilloscopes Market demand is expected to witness a steady growth on account of increasing reforms in the electronic devices industry. Over the decades analog based oscilloscopes were the primary devices used to measure voltage signals. The need for replacing these analog systems with a digital device is expected to drive overall demand in near future. These devices help in the measurement of constantly varying signal voltage usually on a two dimensional graph.

They store the signals digitally in the form of binary numbers. Digital oscilloscopes provide better accuracy, display and storage on account of which they are widely preferred over analog devices. The world is turning towards being digital. Analog devices have been losing their market share on account of better low cost products. This upgradation need from analog to digital is driving product demand over the forecast period. Analog-based oscilloscopes were primarily made up of cathode ray tubes, which consumed space making the device look bulky.

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Digital based coupled with LCD display make them portable and handy. They provide better operational features including advanced trigger and measurement. Such attractive features coupled with signficiant cost reduction are expected to drive global market growth in the future. Substitute’s availability is expected to hamper the overall industry demand in the coming years. Analog devices have been widely used for years and therefore customers are more comfortable using them.

Such factor is expected to restrain the global industry growth. There has been significant development in developing new products for measuring electrical signals. These technological advancements are expected to outdate digital oscilloscopes over the forecast period. PC based oscillometer has shown its presence in the global market although they do not offer much threat owing to their low popularity. These digital devices find major applications in electronic device manufacturing. South East Asia is a lucrative market on account of high concentration of chip making and electronic device manufacturing.

The devices are vastly used in power grid, broadcasting industry and automotive testing. They also find applications in movie making Imagineering and robotic design. Oscilloscopes are used to check the efficiency of DVDs and disk drives. Characteristics of USB, Ethernet and Bluetooth devices are studied using such oscillometers. Another major application is in the field of research and educational purposes. New educational institutes developing in emerging economies including India and China provide good opportunities for growth. The consumer market consists of some hobbyists, which may purchase low end segments for personal use.

Global industry is segmented based on their functional ability. These segments include storage and sampling. Digital storage oscilloscopes (DSO) are vastly used in industrial applications. Instead of using cathode ray tubes, DSO’s used digital memory to store data without any degradation. Sampling oscilloscopes have applications where a high frequency repetitive signal whose frequency is higher than the oscilloscope’s sampling rate is to be studied. Asia Pacific dominated the global market in terms of demand and revenue and is expected to continue its dominance over the forecast period on account of developing manufacturing sector.

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Significant growth in research especially in the field of electronics and chip making has resulted in increasing regional demand of portable digital oscilloscopes. Asia Pacific demand was followed by North America and Europe and is expected to show a steady growth mainly on account of developed research programs. Lack of electronic goods manufacturing activities is expected to hamper the overall demand in South America and Africa over the forecast period. Product innovation has been the key to success to increase the market share growth of many players in past few years.

Key players include, National Instruments, Teledyne LeCroy Inc. and Danaher Corp. Other vendors are Rohde &Schwarz, GmbH& Co, Agilent Technologies Inc Keithley Instruments Inc, Tektronix,GW Instek, Yokogawa Electric, ZTEC Instruments, RIGOL Technologies and Fluke Corp. Manufacturers look forward to produce diverse products and provide complete electronic solutions to their customers. GW Instek has a product line which consists devices DC power supplies, Digital meters, LCR meters and signal sources. Product diversification helps in reduction of cost on account of usage of existing manufacturing equipment as well as established sales channel.

This industry is highly capital intensive where most of the processes are automated and machine made. Significant investment initiatives are expected by major players for further product development and research. Companies need to focus on after sales service for smooth functioning of the devices. This can be achieved by ease of availability of spare parts and presence of skilled technician in the market. IEEE instrumentation and measurement society is a professional body, which organizes and publishes new innovation and developments occurring in the field of electronic instruments. Digital oscilloscopes have given rise to many software applications, which can be used to view the output on PC’s or tablets. Manufacturers should look forward to reduce cost through economies of scale and continuous innovation.