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According to the latest report by IMARC Group, titled "Oscilloscope Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global oscilloscope market reached a value of US$ 2.1 Billion in 2021. Oscilloscopes refer to instruments that are generally used as a testing tool for a wide range of electronics. They help engineers by displaying and analyzing the wavelength of electronic signals in order to measure the voltage signal. They consist of horizontal, vertical and trigger systems that are mainly integrated to adjust an incoming signal. These systems control the amplitude of the signal to the required measurement range, set the amount of time and stabilize a repeating signal. They are widely used for testing electronics hardware that is equipped with general electronics circuit and RF designs as well as in the manufacturing and repairing of electronics.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Oscilloscope Market Trends:
The global market is primarily driven by the increasing manufacturing and selling of electronic devices. Coupled with the growing focus on product safety and design, there has been a considerable rise in the utilization of oscilloscopes across the manufacturing industry. Since oscilloscopes exhibit a high acquisition rate, advanced user interface and signal fidelity, this is providing a boost to the market. Moreover, continual technological advancements, such as the introduction of digital oscilloscopes with enhanced features, are gaining widespread prominence across the globe. Additionally, the increasing demand for oscilloscopes for monitoring patients due to the rising prevalence of chronic diseases is impacting the market growth favorably. The market is further driven by the increasing product utilization in the manufacturing of hybrid and electric vehicles (EVs). Other factors, including rapid industrialization, the growing adoption of smart devices, continuous product innovations, and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 2.8 Billion by 2027, exhibiting a CAGR of 5.1% during 2022-2027.
Market Summary:
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