Oscilloscope Market Size (2024 - 2029)

The oscilloscope market is experiencing growth driven by the increasing demand for higher accuracy, safety applications, and fast data transmission. This expansion is further supported by the need for enhanced waveform testing capabilities, including higher bandwidths, sampling speeds, and deeper capture memories. The market is also benefiting from the rising demand for power-efficient and high-performance electronic devices, as well as modular instrumentation. Despite the high costs associated with oscilloscope components and maintenance, the market is adapting to challenges such as supply chain disruptions caused by the COVID-19 pandemic, which have led to a shift towards industrial automation and the reorganization of supply chains.

Market Size of Oscilloscope Industry

Oscilloscope Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 3.46 Billion
Market Size (2029) USD 5.08 Billion
CAGR (2024 - 2029) 7.99 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Oscilloscope Market Major Players

*Disclaimer: Major Players sorted in no particular order

Oscilloscope Market Analysis

The Oscilloscope Market size is estimated at USD 3.46 billion in 2024, and is expected to reach USD 5.08 billion by 2029, growing at a CAGR of 7.99% during the forecast period (2024-2029).

The demand for higher accuracy, coupled with the increasing requirements for safety applications and the necessity for fast data transmission, are driving the adoption rate of oscilloscopes. Moreover, some of the recent trends in the market include specification increases demanded by customers, such as bandwidth, sample rate, and memory depth.

  • The range of waveform testing that engineers need to perform is expanding, which is another driving force for the market. Engineers are demanding higher bandwidths and sampling speeds, more channels (both analog and digital), and deeper capture memories to sustain maximum sampling performance for longer test durations.
  • Furthermore, the growing demand for power-efficient and high-performance electronic devices and increasing demand for modular instrumentation will drive the demand for the oscilloscope market. Engineers use oscilloscopes to collect data and make sense of it. Modern oscilloscopes have many built-in tools for analyzing data, such as Track and Trend, which graphs measurements to identify anomalies.
  • Several leading players operating in the oscilloscope market are focusing on developing new products to stay ahead of the competition. For instance, in March 2023, Acute Technology, Inc. announced to launch a new 4-channel digital storage oscilloscope. The new TravelScope 3000 (TS3000) offers a sample rate of 1 GS/s and a bandwidth of 200 MHz. It has over 20 waveform measurements with user-defined threshold settings and real-time updates of vertical, time, and inter-channel timing measurements with statistics.
  • Oscilloscopes are costly because their components, such as tubes, transistors, and capacitors, are quite expensive, leading to high maintenance costs. When planning a budget for scope maintenance, the cost of the parts and the technician's time must be considered. A technician might bill USD 75 to USD 100 an hour. A scope could cost USD 500 or more if it needs a significant upgrade which has been a considerable market restriction.
  • The outbreak of COVID-19 across the globe had significantly affected the supply chain and production of the studied market during the initial phase of 2020 and 2021. Since the outbreak of COVID-19 in 2020, the manufacturing sectors have been facing the consequences of the pandemic as factories struggled to manage production due to forced lockdowns by the government, strict safety protocols, and the resultant lack of workforce. This prompted them to switch to industrial automation, which augmented the studied market. Moreover, the disruption of supply chains due to overdependence on China, which was also the pandemic's epicenter, has forced the reorganization and shift of supply chains to other countries.

Oscilloscope Industry Segmentation

An oscilloscope is a device used to test the functionality of equipment, which generates an electrical signal. Oscilloscopes measure the changing voltage of an electrical signal over time and display the signal as a waveform in a graph, with voltage sweeps on a vertical (Y) axis and time on a horizontal (X) axis.

The study covers various oscilloscopes offered by vendors and the industries using them. The estimates for end-user industries are derived based on the type of application the oscilloscopes provide. The geographical segment estimates are derived based on the end-user establishments and growth in the particular region. The study also tracks key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period.

The oscilloscope market is segmented by component (hardware, software), type (analog, digital, pc-based), end-user industry (medical and life sciences, engineering, automotive, it and telecommunications, consumer electronics, aerospace geographical segment estimates, and defense), and by geography(North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The report offers the market size in value terms in (USD) for all the above mentioned segments.

Component
Hardware
Software
Type
Analog
Digital
PC-Based
End-User
Medical and Life Sciences
Engineering
Automotive
IT and Telecommunications
Consumer Electronics
Aerospace and Defense
Other End User Industries
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Oscilloscope Market Size Summary

The oscilloscope market is experiencing significant growth, driven by the increasing demand for high-accuracy measurements and the need for fast data transmission in various applications. The market is characterized by a rising demand for oscilloscopes with enhanced specifications, such as higher bandwidths, sample rates, and memory depths, to support the expanding range of waveform testing required by engineers. The growing need for power-efficient and high-performance electronic devices, along with the demand for modular instrumentation, is further propelling the market. Modern oscilloscopes, equipped with advanced data analysis tools, are becoming essential for engineers to collect and interpret data effectively. The competitive landscape is marked by continuous product development and innovation, with leading players striving to maintain their market position by introducing new and improved oscilloscope models.

The impact of technological advancements, such as the rollout of 5G technology, is also a significant factor influencing the oscilloscope market. As communication signals become more prevalent in consumer and business products, the need for oscilloscopes to test and verify these signals is increasing. The pandemic-induced shift towards industrial automation and the subsequent reorganization of supply chains have also contributed to market dynamics. In the Asia-Pacific region, collaborations among companies to enhance oscilloscope manufacturing capabilities are expected to drive market growth. The competitive nature of the market is underscored by the introduction of advanced oscilloscope models with improved features, as companies strive to offer faster, smaller, and more cost-effective solutions to meet evolving technological demands.

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Oscilloscope Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 The Impact of COVID-19 Pandemic on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Component

      1. 2.1.1 Hardware

      2. 2.1.2 Software

    2. 2.2 Type

      1. 2.2.1 Analog

      2. 2.2.2 Digital

      3. 2.2.3 PC-Based

    3. 2.3 End-User

      1. 2.3.1 Medical and Life Sciences

      2. 2.3.2 Engineering

      3. 2.3.3 Automotive

      4. 2.3.4 IT and Telecommunications

      5. 2.3.5 Consumer Electronics

      6. 2.3.6 Aerospace and Defense

      7. 2.3.7 Other End User Industries

    4. 2.4 Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia Pacific

      4. 2.4.4 Latin America

      5. 2.4.5 Middle East and Africa

Oscilloscope Market Size FAQs

The Oscilloscope Market size is expected to reach USD 3.46 billion in 2024 and grow at a CAGR of 7.99% to reach USD 5.08 billion by 2029.

In 2024, the Oscilloscope Market size is expected to reach USD 3.46 billion.

Oscilloscope Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)