By Type :

Based on the type, the market is bifurcated into analog and digital. The digital segment is accounted for the largest revenue share in the year 2022. Digital oscilloscope is equipped with advanced features including waveform storage, signal analysis and automatic measurement, among others. In addition, digital oscilloscopes are more precise and provide more accurate measurement. Availability of analog-to-digital converters (ADCs) provide high resolution signals thus allowing analysts to perform accurate waveform analysis.

Moreover, digital oscilloscope has internal or external memory and storage capabilities that allows users to analyze, read, and retrieve data at later stage of period. For instance, Scientific Mes-Technik Pvt. Ltd. has launched SMO502, 50MHz- 2 channel digital storage oscilloscope has real time sampling capacity of max 500 MSa/s coupled with 32 kpts memory depth.

Furthermore, digital oscilloscope segment is also anticipated to grow at the fastest growth rate during the forecast period. The growth factors are attributed to increasing demand for digital devices that are able to operate more efficiently and precisely for complex task.

By Component :

Based on the component, the market is segmented into hardware and software. Hardware segment is accounted to generate largest market share in the year 2022. Hardware is the important components that fulfill the design and various applicational requirements necessary for industries. Moreover, hardware is the device that operates depending on the requirements and functions according to the specific needs of the sector. For instance, Good Will Instrument Co., Ltd. has various series of oscilloscope that are designed to fulfil the requirements of industry standards. GDS-3000A series digital storage oscilloscopes feature 650MHz /350MHz bandwidth, 2 input channels containing 200Mpts memory depth for per channel. In addition, device contains dual channel spectrum analyzer (DC~2.5GHz) with spectrogram and dual channel 25MHz arbitrary waveform generator.

Furthermore, software segment is anticipated to grow at the fastest growth rate during the forecast period. Owing to factor including growing requirement for faster processing rate for input and output signals is projected to drive the market of the segment during the forecast period. For instance, Keysight Technologies is offering PathWave BenchVue oscilloscope software being utilized for automated testing, data logging, and remote control applications.

By End User :

Based on the end user, the market is segmented into engineering, medical & life sciences, consumer electronics, IT & telecommunication, electrical & electronics, and others. IT & telecommunication segment is accounted to generate largest market share of 28.4% in the year 2022. The key factors attributed to the growth of the segment owing to rising demand to boost telecommunication infrastructure and provide proper network connectivity in the area. Furthermore, the segment is also expected to grow at the fastest growth rate during the forecast period. Owing to rising adoption of 5G connectivity across the globe and demand for robust telecommunication infrastructure to be used in various industries including healthcare, automotive, among others tends to drive the market growth during the forecast period.

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By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America is accounted for the largest revenue share of USD 796.09 Million in 2022 and is expected to reach USD 1,121.23 Million by 2030. In addition, in the region, the U.S. accounted for the maximum revenue share of 64.6% in the same year. The adoption of oscilloscope in North American region is primarily driven by factors including presence of leading manufacturers such as Good Will Instrument Co., Ltd., Texas Instruments Inc., Teledyne LeCroy Inc., among others. Moreover, deep penetration of 5G network connectivity in the region that accounted for 133 million 5G connections and 503 million LTE connections in Q1 2023 has been boosting the demand for oscilloscope in telecommunication sector (Source- 5G Americas).

Moreover, Asia-Pacific is expected to register fastest CAGR growth of 4.9% during the forecast period. Factors attributable to the growth of the region during the forecast period are due to faster rate of growth among sectors including telecommunication, education, healthcare, among others. Moreover, with the motive of improving IT & telecommunication infrastructure by Southeast Asian countries including India, Vietnam, Singapore, among others will promote the growth of 5G services which will ultimately drive the need for oscilloscope.

For instance, Reliance Jio Infocomm Limited has announced the rollout of 5G, 26 GHz, millimetre wave band on 14th August 2023 with an investment of USD 25 billion. Accordingly with the growing demand for improving infrastructure of telecommunication which will support rest of the sectors in developing nations will promote the market growth of oscilloscope during the forecast period.