Uploaded on Aug 13, 2020
The global oscilloscope probes market was valued at USD 406.7 Million in 2019 and is projected to reach USD XX7.6 Million by 2027, expanding at a CAGR of 4.6% during the forecast period.
Oscilloscope Probe Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast | Growth Market Reports
Global Oscilloscope Probe Market By Type (Passive Oscilloscope Probes, Active Oscilloscope Probe), By Application (Electronic Industry, Scientific Research, Millitary Application, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Asia).
• The global oscilloscope probes market was valued at USD 406.7 Million
in 2019 and is projected to reach USD XX7.6 Million by 2027, expanding
at a CAGR of 4.6% during the forecast period. The market is driven by
factors such as rapid increase in self-monitored facilities, rise in focus
toward product design, growth in the demand for electronic data
storage, and rapid growth of the automotive manufacturing sector.
•
Emphasis on product design in the semiconductor industry and the
electronics industry is a key factor driving the demand for oscilloscope
probes. However, lack of expertise in selection and handling of the
probes and highly competitive market are key restraints of this market.
Growing R&D investments and increasing connectivity and convergence
are boosting the market. This market is propelled by increasing
electronic device knowledge and rise in connectivity and user interface
improvements and modular instrumentation.
• On the basis of types, the oscilloscope probes market is segmented into
passive oscilloscope probes, active oscilloscope probes, and others. The
passive oscilloscope probes segment is estimated to hold 68.9% share of
the market in 2020 due to its increasing demand from various industries.
The active oscilloscope probes segment is anticipated to expand at a
CAGR of 5.2% during the forecast period owing to its superior accuracy in
fast signal measurement for high frequency applications.
• Based on applications, the oscilloscope probes market is classified as
electronics industry, scientific research, military applications, and others.
The electrical industry segment is projected to constitute 64.1% share of
the market in 2027, as electronic technicians need oscilloscopes and
their samples to design and produce electronic devices such as
computers, televisions, telephones and many other sustainable
consumer devices. The scientific research and military applications
segment is anticipated to expand at significant pace due to increasing
use of oscilloscope probes in these sectors during the forecast period.
• Global Oscilloscope Probe Market Segment
• In terms of regions, the market has been fragmented into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific
is a promising region for the market. The region constituted 55.8% share
of the market in 2020. The market in the region is projected to expand at
a CAGR of 4.8% during the forecast period. The demand for oscilloscope
probes is expected to rise due to the rapid growth in the consumption of
electronic devices and consumer durables in the region. The market in
North America is projected to expand at a CAGR of 4.5% due to the
increasing investments in R&D and recent advances in the automotive
industry during the forecast period.
•
Key players in the market include Teledyne LeCroy, Pico Technology, and
Yokogawa Electric Corporation. These companies are considered as key
manufacturers of oscilloscope probes based on their revenue, research &
development (R&D) activities, regional presence, and supply chain
management system.
Global Oscilloscope Probe Market Regional Outlook
Global Oscilloscope Probe - Major Player Market Share
• Global Oscilloscope Probe Market Trends
• On the basis of types, the Oscilloscope Probes market is segmented into
passive oscilloscope probes, active oscilloscope probes, and others. The
passive oscilloscope probes segment accounts for a major share of the market
and the active oscilloscope probes segment is anticipated to expand at a high
CAGR during the forecast period.
• The passive oscilloscope probes segment holds a major share of the market
due to its increasing demand from various industries and it is the most
preferred probe compared to others. The growing demand for electronic
devices and their maintenance are also factors responsible for market growth.
• A passive oscilloscope probe is a safe option for general-purpose testing and
troubleshooting, while an active probe provides better precise insights into
measuring fast signals for high-frequency applications. Currently, many active
probes have an numerous specification for measuring bandwidth in the
market.
• Oscilloscope probes are an important addition to any oscilloscope but
compared between passive probes and active probes, there is no clear-cut
option because it depends on the intended use.
Global Oscilloscope Probe Market Report Attribute
Report Attribute Details
Base Year 2019
Historical Data 2017
Forecast Year 2027
Growth Rate 4.6%
Market Value in 2019 USD 406.7 Million
Global - North America, Europe, China, Rest of Asia
Regional scope Pacific, Central & South America, and the Middle East &
Africa
By Type (Passive Oscilloscope Probes, Active Oscilloscope
Segments covered Probe), By Application (Electronic Industry, Scientific
Research, Millitary Application, Others)
Fluke Corporation,Teledyne LeCroy,B&K Precision,Digilent
Inc.,Test Products International Inc.,Amprobe,TEKTRONIX,
Key Companies Profiled INC.,Pico Technology,TESTEC Elektronik GmbH,Pintek
Electronics Co., Ltd.,Rohde & Schwarz,Yokogawa Electric
Corporation
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