Oscilloscope Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Oscilloscope Market was valued at USD 2.8 billion in 2023 and is projected to grow at 8.8% CAGR from 2024 to 2032. This growth is largely driven by government initiatives to enhance telecommunications infrastructure, such as funding the installation of mobile towers in underserved areas. Oscilloscopes help in the telecom industry, enabling accurate signal testing, network optimization, and troubleshooting. As telecom networks grow, especially in rural and remote regions, the demand for oscilloscopes continues to rise, providing significant opportunities for manufacturers.
The market is segmented by product type into analog, digital, and handheld oscilloscopes. Among these, the digital oscilloscope segment is expected to reach USD 1.4 billion by 2032. The increasing reliance on digital communication protocols, such as I2C, SPI, and USB, has driven the demand for digital oscilloscopes, which are specially designed to handle digital signals. These oscilloscopes are indispensable in the development of modern electronic devices, providing accurate testing capabilities for complex digital systems. Many digital oscilloscopes are also portable, allowing engineers to conduct tests in various environments, while user-friendly interfaces and advanced visualization features make these tools accessible to a broader audience.
Bandwidth range is another key factor in segmenting the oscilloscope market. The market is divided into low-bandwidth (<100 MHz), mid-bandwidth (100 MHz to 1 GHz), and high-bandwidth (>1 GHz) categories. The high-bandwidth segment is anticipated to grow at the fastest pace, with a CAGR of 12.8% from 2024 to 2032. As technologies like 5G continue to roll out, the need for oscilloscopes capable of testing high-frequency signals becomes increasingly critical. These oscilloscopes are essential for ensuring the performance, reliability, and compliance of 5G networks. In addition, the growing complexity of electronic devices across industries such as automotive, aerospace, and consumer electronics has heightened the demand for high-bandwidth oscilloscopes. These instruments are crucial for capturing high-speed signals and fast transients generated by modern circuitry.
North America led the oscilloscope market in 2023, holding a market share of 39.9%. The U.S. market is a key driver due to its strong technology sector and emphasis on research and development. The presence of major manufacturers in the semiconductor, telecommunications, and aerospace industries fuels the demand for advanced testing solutions, particularly for high-bandwidth oscilloscopes. Additionally, continued investment in technological infrastructure and innovation by the U.S. government supports the growth of various sectors, further boosting the need for precise signal testing equipment.
The market is segmented by product type into analog, digital, and handheld oscilloscopes. Among these, the digital oscilloscope segment is expected to reach USD 1.4 billion by 2032. The increasing reliance on digital communication protocols, such as I2C, SPI, and USB, has driven the demand for digital oscilloscopes, which are specially designed to handle digital signals. These oscilloscopes are indispensable in the development of modern electronic devices, providing accurate testing capabilities for complex digital systems. Many digital oscilloscopes are also portable, allowing engineers to conduct tests in various environments, while user-friendly interfaces and advanced visualization features make these tools accessible to a broader audience.
Bandwidth range is another key factor in segmenting the oscilloscope market. The market is divided into low-bandwidth (<100 MHz), mid-bandwidth (100 MHz to 1 GHz), and high-bandwidth (>1 GHz) categories. The high-bandwidth segment is anticipated to grow at the fastest pace, with a CAGR of 12.8% from 2024 to 2032. As technologies like 5G continue to roll out, the need for oscilloscopes capable of testing high-frequency signals becomes increasingly critical. These oscilloscopes are essential for ensuring the performance, reliability, and compliance of 5G networks. In addition, the growing complexity of electronic devices across industries such as automotive, aerospace, and consumer electronics has heightened the demand for high-bandwidth oscilloscopes. These instruments are crucial for capturing high-speed signals and fast transients generated by modern circuitry.
North America led the oscilloscope market in 2023, holding a market share of 39.9%. The U.S. market is a key driver due to its strong technology sector and emphasis on research and development. The presence of major manufacturers in the semiconductor, telecommunications, and aerospace industries fuels the demand for advanced testing solutions, particularly for high-bandwidth oscilloscopes. Additionally, continued investment in technological infrastructure and innovation by the U.S. government supports the growth of various sectors, further boosting the need for precise signal testing equipment.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.1 Base estimates & calculations
1.2 Forecast calculation
1.3 Data sources
1.3.1 Primary
1.3.2 Secondary
1.3.2.1 Paid sources
1.3.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Government initiatives for rural telecom infrastructure expansion
3.6.1.2 Rising adoption of high-speed digital systems
3.6.1.3 Expanding 5G and telecom infrastructure deployments
3.6.1.4 Growth in automotive electronics and EV testing
3.6.1.5 Increasing demand for medical device testing
3.6.2 Industry pitfalls & challenges
3.6.2.1 High cost of advanced oscilloscope equipment
3.6.2.2 Complexity in operating sophisticated oscilloscopes
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2032 (USD BILLION)
5.1 Key trends
5.2 Analog oscilloscopes
5.3 Digital oscilloscopes
5.3.1 Digital storage oscilloscopes (DSO)
5.3.2 Digital phosphor oscilloscopes (DPO)
5.3.3 Mixed signal oscilloscopes (MSO)
5.3.4 Digital sampling oscilloscopes
5.4 Handheld oscilloscopes
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY BANDWIDTH RANGE, 2021-2032 (USD BILLION)
6.1 Key trends
6.2 Low-Bandwidth (<100 MHz)
6.3 Mid-Bandwidth (100 MHz to 1 GHz)
6.4 High-Bandwidth (>1 GHz)
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2032 (USD BILLION)
7.1 Key trends
7.2 Automotive
7.3 Consumer electronics
7.4 Aerospace & defense
7.5 Healthcare & medical equipment
7.6 It & telecommunications
7.7 Education & research
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END USE, 2021-2032 (USD BILLION)
8.1 Key trends
8.2 Industrial
8.3 Academic & research institutes
8.4 Commercial labs
8.5 Telecommunications providers
8.6 Semiconductor & electronics manufacturers
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021-2032 (USD BILLION)
9.1 Key trends
9.2 Direct sales
9.3 Distributors & dealers
9.4 Online channels
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD BILLION)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Rest of Latin America
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
CHAPTER 11 COMPANY PROFILES
11.1 Anritsu Corporation
11.2 B&K Precision Corporation
11.3 Fluke Corporation
11.4 Good Will Instrument Co., Ltd.
11.5 Hantek Electronics Corp., Ltd.
11.6 Keysight Technologies, Inc.
11.7 National Instruments Corporation
11.8 OWON Technology Inc.
11.9 Pico Technology
11.10 Rigol Technologies, Inc.
11.11 Rohde & Schwarz
11.12 Scientech Technologies Pvt. Ltd.
11.13 Siglent Technologies Co. Ltd
11.14 Tektronix, Inc.
11.15 Teledyne LeCroy Inc.
11.16 Texas Instruments Incorporated
11.17 Velleman Group NV
11.18 Yokogawa Test & Measurement Corporation
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.1 Base estimates & calculations
1.2 Forecast calculation
1.3 Data sources
1.3.1 Primary
1.3.2 Secondary
1.3.2.1 Paid sources
1.3.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Government initiatives for rural telecom infrastructure expansion
3.6.1.2 Rising adoption of high-speed digital systems
3.6.1.3 Expanding 5G and telecom infrastructure deployments
3.6.1.4 Growth in automotive electronics and EV testing
3.6.1.5 Increasing demand for medical device testing
3.6.2 Industry pitfalls & challenges
3.6.2.1 High cost of advanced oscilloscope equipment
3.6.2.2 Complexity in operating sophisticated oscilloscopes
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2032 (USD BILLION)
5.1 Key trends
5.2 Analog oscilloscopes
5.3 Digital oscilloscopes
5.3.1 Digital storage oscilloscopes (DSO)
5.3.2 Digital phosphor oscilloscopes (DPO)
5.3.3 Mixed signal oscilloscopes (MSO)
5.3.4 Digital sampling oscilloscopes
5.4 Handheld oscilloscopes
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY BANDWIDTH RANGE, 2021-2032 (USD BILLION)
6.1 Key trends
6.2 Low-Bandwidth (<100 MHz)
6.3 Mid-Bandwidth (100 MHz to 1 GHz)
6.4 High-Bandwidth (>1 GHz)
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2032 (USD BILLION)
7.1 Key trends
7.2 Automotive
7.3 Consumer electronics
7.4 Aerospace & defense
7.5 Healthcare & medical equipment
7.6 It & telecommunications
7.7 Education & research
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END USE, 2021-2032 (USD BILLION)
8.1 Key trends
8.2 Industrial
8.3 Academic & research institutes
8.4 Commercial labs
8.5 Telecommunications providers
8.6 Semiconductor & electronics manufacturers
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021-2032 (USD BILLION)
9.1 Key trends
9.2 Direct sales
9.3 Distributors & dealers
9.4 Online channels
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD BILLION)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Rest of Latin America
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
CHAPTER 11 COMPANY PROFILES
11.1 Anritsu Corporation
11.2 B&K Precision Corporation
11.3 Fluke Corporation
11.4 Good Will Instrument Co., Ltd.
11.5 Hantek Electronics Corp., Ltd.
11.6 Keysight Technologies, Inc.
11.7 National Instruments Corporation
11.8 OWON Technology Inc.
11.9 Pico Technology
11.10 Rigol Technologies, Inc.
11.11 Rohde & Schwarz
11.12 Scientech Technologies Pvt. Ltd.
11.13 Siglent Technologies Co. Ltd
11.14 Tektronix, Inc.
11.15 Teledyne LeCroy Inc.
11.16 Texas Instruments Incorporated
11.17 Velleman Group NV
11.18 Yokogawa Test & Measurement Corporation
