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Oscilloscope Market to record USD 213.19 Mn growth | Driven by growing connected cars market | TechnavioNEW YORK, April 15, 2022 /PRNewswire/ -- The global oscilloscope market size is expected to increase by USD 213.19 million between 2019 and 2024. The market observed a YOY growth of 2.45% in 2020 and the growth momentum is expected to accelerate at a CAGR of 3% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
Download a Free Sample Report Now to know more about the report coverage. The global oscilloscope market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report encompasses successful business strategies deployed by the key vendors. Agilent Technologies Inc., Danaher Corp., Fortive Corp., Good Will Instrument Co. Ltd., Keysight Technologies Inc., National Instruments Corp., Rohde & Schwarz GmbH & Co. KG, Teledyne Technologies Inc., Texas Instruments Inc., and Yokogawa Electric Corp. are some of the major market participants. The growth in the connected cars market will offer immense growth opportunities. However, the rise in demand for rental test equipment will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Discover other key factors impacting the growth of the market. Download a Free Sample Report Now Oscilloscope Market 2020-2024: Segmentation The global oscilloscope market is segmented as below:
By product, the digital oscilloscope segment generated maximum revenue in the market in 2019. Digital oscilloscopes can store disrupted or unexpected electric signals so that this information can be used for future reference. The feature helps in capturing and logging of unexpected or unwanted incidents even in the absence of technicians. Such benefits are driving the growth of the segment. By end-user, the consumer electronics segment will have the largest share of the market over the forecast period. The segment is driven by the increased demand for sophisticated oscilloscopes from the manufacturers of consumer electronic goods. In terms of geography, APAC will emerge as the key market for oscilloscopes during the forecast period. The region currently holds 41% of the global market share. The high concentration of consumer electronics manufacturers and electronic component manufacturers, increasing disposable incomes, and rapid urbanization are driving the growth of the regional market. China is the key market for oscilloscopes in APAC. Market growth in this region will be faster than the growth of the market in other regions. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our oscilloscope market report covers the following areas: Oscilloscope Market 2020-2024: Vendor Analysis We provide a detailed analysis of around 25 vendors operating in the oscilloscope market. Backed with competitive intelligence and benchmarking, our research report on the oscilloscope market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. Oscilloscope Market 2020-2024: Key Highlights
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Table Of Contents: Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research
SOURCE Technavio 
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