21st
January 2019 - 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.
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.
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