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.
Segment Outlook
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.
Regional Outlook
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.
Competitive Landscape
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.
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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.
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 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.In terms of regions, the market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Global Digital Oscilloscope Market is picking up gradually, in terms of revenues as well as size.
Oscilloscopes find applications mostly in the manufacturing sector.
Handheld or mobile oscilloscopes are more popular due to the convenience of the mobility they offer.Global Digital Oscilloscope Market – Competitive AnalysisThe digital oscilloscope market appears to be highly competitive, with several well-established forming a competitive landscape.
To gain a larger competitive share, players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and product/technology launch.
Players are primarily concentrated in the APAC region and continually innovate to bring about new technologies that can improve visuals, accuracy, and data precision.
Major Players:Players active in the digital oscilloscope market are Keysight Technologies (US), GW Instek (Taiwan), Tektronix, Inc (US), Fluke Corporation (US), Rohde & Schwarz GmbH (Germany), Teledyne LeCroy Corporation (US), Rigol technologies (China), OWON (China), GAO Tek (Canada), UNI-Trends (China), and Hantek (China), among others.
COVID-19 Impact Analysis on AFM Probe Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the AFM probe market include NanoWorld AG, Bruker, NT-MDT, Asylum Research (Oxford Instruments), Olympus, Advanced Diamond Technologies, AppNano, Team Nanotec GmbH, NaugaNeedles, SmartTip.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global AFM Probe Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/afm-probe-market/download-sampleMarket DynamicsAFM probe offers application in various disciplines of natural sciences such as molecular biology, cell biology, medicines, life sciences, molecular engineering, solid-state physics, semiconductor science and technology, polymer chemistry, polymer physics, and surface chemistry.
The vast usage of AFM probes in various disciplines is the key factor driving the global AFM Probe market.
