Oscilloscope Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.46 Billion |
| Market Size (2029) | USD 5.08 Billion |
| CAGR (2024 - 2029) | 7.99 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Oscilloscope Market Analysis
The Oscilloscope Market size is estimated at USD 3.46 billion in 2024, and is expected to reach USD 5.08 billion by 2029, growing at a CAGR of 7.99% during the forecast period (2024-2029).
The demand for higher accuracy, coupled with the increasing requirements for safety applications and the necessity for fast data transmission, are driving the adoption rate of oscilloscopes. Moreover, some of the recent trends in the market include specification increases demanded by customers, such as bandwidth, sample rate, and memory depth.
- The range of waveform testing that engineers need to perform is expanding, which is another driving force for the market. Engineers are demanding higher bandwidths and sampling speeds, more channels (both analog and digital), and deeper capture memories to sustain maximum sampling performance for longer test durations.
- Furthermore, the growing demand for power-efficient and high-performance electronic devices and increasing demand for modular instrumentation will drive the demand for the oscilloscope market. Engineers use oscilloscopes to collect data and make sense of it. Modern oscilloscopes have many built-in tools for analyzing data, such as Track and Trend, which graphs measurements to identify anomalies.
- Several leading players operating in the oscilloscope market are focusing on developing new products to stay ahead of the competition. For instance, in March 2023, Acute Technology, Inc. announced to launch a new 4-channel digital storage oscilloscope. The new TravelScope 3000 (TS3000) offers a sample rate of 1 GS/s and a bandwidth of 200 MHz. It has over 20 waveform measurements with user-defined threshold settings and real-time updates of vertical, time, and inter-channel timing measurements with statistics.
- Oscilloscopes are costly because their components, such as tubes, transistors, and capacitors, are quite expensive, leading to high maintenance costs. When planning a budget for scope maintenance, the cost of the parts and the technician's time must be considered. A technician might bill USD 75 to USD 100 an hour. A scope could cost USD 500 or more if it needs a significant upgrade which has been a considerable market restriction.
- The outbreak of COVID-19 across the globe had significantly affected the supply chain and production of the studied market during the initial phase of 2020 and 2021. Since the outbreak of COVID-19 in 2020, the manufacturing sectors have been facing the consequences of the pandemic as factories struggled to manage production due to forced lockdowns by the government, strict safety protocols, and the resultant lack of workforce. This prompted them to switch to industrial automation, which augmented the studied market. Moreover, the disruption of supply chains due to overdependence on China, which was also the pandemic's epicenter, has forced the reorganization and shift of supply chains to other countries.
Oscilloscope Market Trends
IT and Telecommunication Segment to Have a Significant Growth Rate
- Oscilloscopes can be used to analyze all kinds of communication signals. There are special oscilloscopes that can operate in the GHz range. Engineers can quickly analyze radio, TV, mobile phone, and microwave signals. Special probes can also be used to analyze EM signals directly.
- Communications signals were found only in specific telecommunications applications. Now they are common occurrences in most consumer and business products. Almost every major electronic equipment, like faxes, telephones, and computers, is networked, and it seems as if everyone owns a wireless communications device like a cellular phone.
- As communications circuitry becomes more common in consumer products, design and test engineers must represent and verify communications signals in addition to digital and analog signals. Because these products must be designed quickly, and verifying communications signals is a relatively new task for many engineers, a test solution, such as an oscilloscope, is essential.
- The upcoming 5G technology is expected to become the industry standard for telecommunications, heralding a new era of connectivity, speed, and possibility. Mobile networks will be 100 times faster and 1,000 times larger than they are now. With the increase of 5G technology, few vendors are trying to launch their 5G services in towns and cities. Adding these communication services will drive the market for oscilloscopes because oscilloscopes are used for testing communication signals in the telecom industry.
- For instance, in April 2023, Gogo Business Aviation announced the expansion of its Gogo 5G network into Canada, providing additional coverage to business aviation operators in North America. Gogo 5G is expected to reach average speeds of around 25Mbps and peak speeds in the 75-80Mbps range, allowing passengers to enjoy data-intensive interactive services such as video conferencing, live TV, and gaming at lower and higher throughput.
- In August 2022, Bharti Airtel will launch 5G services later this month to cover 5,000 towns and cities by March 2024. This will drive the market for oscilloscopes.
- For instance, in April 2022, the Ministry of Communications stated that Telecom Service Providers/Infrastructure Providers install mobile towers to improve network coverage and capacity, subject to techno-commercial feasibility and the rollout obligation. The government has established the Universal Service Obligation Fund (USOF) to plan and implement various schemes to build mobile towers and provide telecommunications services to people in the country's rural and remote areas. Oscilloscopes are used in the telecommunication industry to improve network coverage and capacity.
Asia Pacific is Expected to Register the Fastest Growth During the Forecast Period
- With the increasing applications and demand for oscilloscopes in the market, the companies have been collaborating on manufacturing oscilloscopes in the Asia-Pacific region.
- For instance, in August 2022, Advantest Corp. collaborated with the Rohde & Schwarz RTP high-performance oscilloscope for mass production evaluation of high-speed SoC testers. In line with this collaboration, the company aims to improve the quality per the latest requirements.
- The unit is expected to have a high-speed rise time of 33 per second and a powerful, highly stable jitter analysis function with the decomposition algorithm, which enables accurate and simpler accurate system measurements. Further, Advantest also collaborated with R&S RTP high-performance oscilloscope for its high acquisition rate and signal integrity. Such collaborations among the regional companies will fuel the market growth of oscilloscopes in the Asia-Pacific region.
- The COVID-19 pandemic has dramatically increased the need for cellular networks. According to the Ericsson Mobility Report, India, Nepal, and Bhutan estimated that the total mobile data traffic in the Indian region will grow fourfold between 2021 and 2027. This is due to the increasing use of smartphones, and the average data traffic per smartphone in the India region is the second highest in the world.
- Further, mobile networks continue to play a pivotal role in driving economic and social inclusion as service providers in India prepare to launch 5G this year. In line with such an increase in the adoption of network services in the Asia-Pacific region, the need for jitter analysis is bound to increase in the market.
- Moreover, the data center market in the Asia Pacific is among the fastest growing and attracting increasing investments from many foreign players. For instance, in April 2022, Digital Edge (Singapore) Holdings Pte. Ltd. announced plans to develop a data center in Incheon, South Korea, through a partnership with SK ecoplant. The companies will jointly build and promote a 120MW hyper-scale data center development project in the National Industrial Complex in Bupyeong-gu, Incheon.
Oscilloscope Industry Overview
The Oscilloscope Market is profoundly competitive. The players within this market compete in manufacturing faster, smaller, and more cost-effective devices. The market changes with the changes in technology. This phenomenon keeps it competitive as each competitor can seek an opportunity to create something more advanced before the others do.
- November 2023 - Siglent has introduced the new SDS7000A oscilloscope with two model variations. The SDS7404A and SDS7304A have four analog and 16 digital channels at 4 GHz and 3 GHz bandwidths, respectively. The SDS7000A is based on an industry-standard architecture (ISA) x86 processor, with a 15.6" HD capacitive-touch screen to improve the scope's response speed and overall operation.
- May 2023 - Pico Technology announced additions and updates to its Picoscope PC-based 9000 series oscilloscopes. The PicoScope 9000 series comprises two distinct product architectures, delivering high performance at reasonable prices. The PicoScope 9000s readily address Gigabit data stream quality and RF and microwave modulated envelope and waveshape fidelities.
Oscilloscope Market Leaders
-
Tektronix, Inc.
-
Keysight Technologies
-
Rohde & Schwarz GmbH & CoKG
-
Teledyne LeCroy
-
Yokogawa Test & Measurement Corporation
*Disclaimer: Major Players sorted in no particular order
![MI Logo CL Template (3) [Autosaved].jpg](https://s3.mordorintelligence.com/oscilloscope-market/oscilloscope-market_1709042613037_MI_Logo_CL_Template_(3)_[Autosaved].webp "Oscilloscope Market Concentration"){kind=logo}
Oscilloscope Market News
- January 2023 - Siglent Technologies announced to release of the SDS6000L series, an 8-channel low-profile oscilloscope. The SDS6000L series features SIGLENT's revolutionary SPO technology and a waveform capture rate of up to 750,000 Wfm/s, making it easy to capture low-probability anomalous events.
Oscilloscope Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
-
4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat of Substitute
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 The Impact of COVID-19 Pandemic on the Market
5. MARKET DYNAMICS
-
5.1 Market Drivers
- 5.1.1 Increasing Need For Accuracy And Speed In Designing, Manufacturing, or Repairing Industries
-
5.2 Market Restraints
- 5.2.1 High Maintenance Cost And Lacking Ease of Use
6. MARKET SEGMENTATION
-
6.1 Component
- 6.1.1 Hardware
- 6.1.2 Software
-
6.2 Type
- 6.2.1 Analog
- 6.2.2 Digital
- 6.2.3 PC-Based
-
6.3 End-User
- 6.3.1 Medical and Life Sciences
- 6.3.2 Engineering
- 6.3.3 Automotive
- 6.3.4 IT and Telecommunications
- 6.3.5 Consumer Electronics
- 6.3.6 Aerospace and Defense
- 6.3.7 Other End User Industries
-
6.4 Geography
- 6.4.1 North America
- 6.4.2 Europe
- 6.4.3 Asia Pacific
- 6.4.4 Latin America
- 6.4.5 Middle East and Africa
7. COMPETITIVE LANDSCAPE
-
7.1 Company Profiles
- 7.1.1 Tektronix, Inc.
- 7.1.2 Keysight Technologies Inc.
- 7.1.3 Rohde & Schwarz GmbH & CoKG
- 7.1.4 Teledyne LeCroy Inc.
- 7.1.5 Yokogawa Test & Measurement Corporation
- 7.1.6 National Instruments Corporation
- 7.1.7 Rigol Technologies, Inc.
- 7.1.8 Fluke Corporation
- 7.1.9 Siglent Technologies Co. Ltd
- 7.1.10 Pico Technology
- 7.1.11 B&K Precision Corporation
- 7.1.12 Scientech Technologies Pvt. Ltd.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityOscilloscope Industry Segmentation
An oscilloscope is a device used to test the functionality of equipment, which generates an electrical signal. Oscilloscopes measure the changing voltage of an electrical signal over time and display the signal as a waveform in a graph, with voltage sweeps on a vertical (Y) axis and time on a horizontal (X) axis.
The study covers various oscilloscopes offered by vendors and the industries using them. The estimates for end-user industries are derived based on the type of application the oscilloscopes provide. The geographical segment estimates are derived based on the end-user establishments and growth in the particular region. The study also tracks key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period.
The oscilloscope market is segmented by component (hardware, software), type (analog, digital, pc-based), end-user industry (medical and life sciences, engineering, automotive, it and telecommunications, consumer electronics, aerospace geographical segment estimates, and defense), and by geography(North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The report offers the market size in value terms in (USD) for all the above mentioned segments.
| Component | Hardware |
| Software | |
| Type | Analog |
| Digital | |
| PC-Based | |
| End-User | Medical and Life Sciences |
| Engineering | |
| Automotive | |
| IT and Telecommunications | |
| Consumer Electronics | |
| Aerospace and Defense | |
| Other End User Industries | |
| Geography | North America |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
Oscilloscope Market Research FAQs
How big is the Oscilloscope Market?
The Oscilloscope Market size is expected to reach USD 3.46 billion in 2024 and grow at a CAGR of 7.99% to reach USD 5.08 billion by 2029.
What is the current Oscilloscope Market size?
In 2024, the Oscilloscope Market size is expected to reach USD 3.46 billion.
Who are the key players in Oscilloscope Market?
Tektronix, Inc., Keysight Technologies, Rohde & Schwarz GmbH & CoKG, Teledyne LeCroy and Yokogawa Test & Measurement Corporation are the major companies operating in the Oscilloscope Market.
Which is the fastest growing region in Oscilloscope Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Oscilloscope Market?
In 2024, the Asia-Pacific accounts for the largest market share in Oscilloscope Market.
What years does this Oscilloscope Market cover, and what was the market size in 2023?
In 2023, the Oscilloscope Market size was estimated at USD 3.18 billion. The report covers the Oscilloscope Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Oscilloscope Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Oscilloscope Industry Report
The Global Oscilloscope Market Report offers a comprehensive analysis of the market share and industry trends. The report segments the market by component, type, end-user industry, and geography, providing valuable insights into the market size in value terms. The analysis covers various segments, including hardware, software, analog, digital, PC-based, medical and life sciences, engineering, automotive, IT and telecommunications, consumer electronics, aerospace, and defense.
The report includes a detailed market forecast outlook and a historical overview, providing a thorough understanding of market dynamics. It highlights the market growth rate, industry analysis, and industry trends, giving readers an in-depth perspective on the market's future trajectory. The report also provides industry information, industry outlook, and industry reports, making it a valuable resource for market research.
Additionally, the report offers a market overview, market review, and market segmentation, providing a clear picture of the market landscape. It includes industry research, industry sales, industry size, industry statistics, and market data, ensuring that readers have access to comprehensive market information. The report also features market value, market forecast, market growth, market leaders, and market outlook, making it a crucial tool for industry stakeholders.
For those interested in detailed analysis, the report includes a report example and report PDF. The research companies behind this report have ensured that it covers all aspects of the market, including market predictions and industry trends. This makes the Global Oscilloscope Market Report an essential resource for anyone looking to understand the current and future state of the oscilloscope market.
