OSCILLOSCOPE MARKET ANALYSIS

Global Oscilloscope Market Drivers:

Growing demand for accuracy and speed in designing, manufacturing, or repairing industries to drive the market growth

The adoption of oscilloscopes is increasing all over the world, due to increasing demand for higher accuracy, increasing need for safety applications, and the necessity of rapid data transmission. Moreover, the consumer demand for specification such as bandwidth, memory depth, and sample rate is also increasing, which in turn drives the adoption of oscilloscopes. There is an increase in the range of waveform testing performed by engineers, which is also driving the growth of the oscilloscopes. The need for higher bandwidths and sampling speeds is increasing among engineers along with more channels, and deeper capture memories for sustaining maximum sampling performance for longer test durations. This in turn is expected to drive growth of the global oscilloscope market over the forecast period.

Various advantages of oscilloscope to augment the market pace

The advanced user interface, signal fidelity, acquisition rate, and innovative trigger system of oscilloscope drives its adoption. Innovation in the wireless sensor also drive the adoption of advanced oscilloscope. The demand for signal storage and self-monitored facilities, growing intelligence of electronic devices are the factors driving the need for oscilloscopes in general purpose test market, rising bandwidth, modular instrumentation, and improvements in user interface are expected to augment growth of the global oscilloscope market over the forecast period.

Global Oscilloscope Market Opportunities:

Increasing growth of medical and diagnostic laboratory sectors is bringing multiple opportunities in the global oscilloscope market. Vendors in the market are increasingly investing in the manufacturing of oscilloscopes as, they are used widely in the medical field for various applications, such as Power analysis, Serial data analysis, in the diagnostic approaches, and research field. This is further expected to create several growth opportunities in the market over the forecast period.

Furthermore, increasing demand from electronic and engineers in construction and maintenance of smart homes is anticipated to create ample of growth opportunities in the global oscilloscope market over the forecast period. Different types of digital oscilloscopes handle the design of different equipment, measurement of electric resistance, including faults in transmission cables, cable connectors, and microstrips on a circuit board. These digital storage oscilloscopes are used heavily by several electronic and electrical engineers involved in construction and maintenance of smart houses. Thus, this in turn is likely to bring several growth opportunities for vendors in the global oscilloscope market over the forecast period.

Global Oscilloscope Market Restraints:

High cost of maintenance to hinder the market growth

Oscilloscopes cost a lot due to the parts used to make them are costly. The components such as transistors, tubes, and capacitors used in oscilloscopes are known to be expensive. Along with this, the maintenance of oscilloscope can also add into the overall cost these devices. Calling a technician for maintenance of these devices can cost US$ 75 to US$ 100 per hour. An Oscilloscope can cost up to US$500 or more, if a significant upgrade is required. Thus, deploying oscilloscopes can be costly, which is thus expected to hinder growth of the global oscilloscope market over the forecast period.

Lack of ease of use of oscilloscope to impede the market pace

Manufacturer constantly improving their R&D capabilities for producing advanced technologies, which is done by integration of AI and IoT into development of sophisticated oscilloscopes. However, due to the inability of oscilloscopes to keep up technological advancements, users in different industries such as smart home appliances, educational institutions encounter difficulties to migrate from analog to digital and mixed-signal oscilloscopes. Moreover, due to their lack of ease of use of these devices is thus expected to hinder adoption of oscilloscope. However, market players are now developing products with advanced features and ease of use, which in turn is expected to support the market growth.