Global logic analyzer market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Market Definition:
Logic analyzer is an electronic test and measurement instrument which is used to capture and display multiple signals from logic circuits or digital systems. The logic analyzer is designed to operate in a digital environment since it is capable of displaying relative timing of a high number of signals.
Market Dynamics:
Surge in the demand of high performance and power efficient electronic test and measuring instruments is major driving factor behind the growth of market. Increasing demand of logic analyzer in automotive and consumer electronics industry, rapid development of IoT based electronic devices and growing financial investment by manufacturers in electronics research and development are propelling the growth of logic analyzer market. Logic analyzer provides some essential benefits such as high performance, lower costs, easy carrying, simple operations, analyzes and detects timing relationships for many digital signals, debugs and verifies digital system operations and it gives measurements of multiple signals which are not supported by oscilloscope, which are ultimately expected to improve growth of market during forecast period.
However, logic analyzer is unable to measure analog signals and can only measure digital signals, which is the main drawback that could hamper the growth of market.
Global Logic Analyzer Market: Segmentation Analysis:
By product type, PC based logic analyzer is projected to witness high growth at CAGR of XX% during forecast period. PC based analyzer delivers high performance by using the power of the connected computer. It relies on computers to perform the tasks such as analyzing and displaying the captured data. It consists of the external device which is inserted into one of the computer's accessory port. It depends on wired connections such as USB and Ethernet. PC-based logic analyzers are best suited for debugging due to their small size and portability, which led to the demand of PC-based logic analyzer in the market. In addition, many logic analyzer manufacturing companies such as Hantek Electronics, Scientech Technologies, and GAO Tek are increased their production of PC based logic analyzers which is ultimately propelling the growth of market.
By industry, automotive and consumer electronics segments dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The growth is attributed to the continuous financial investments by automotive and other business leading manufacturers in autonomous vehicles industries. Autonomous vehicle manufacturing companies requires logic analyzers to analyze and test the performance of high-speed, low-power, and compact electronic devices, which results into the growth of market.
Global Logic Analyzer Market: Regional Analysis:
Region wise, Asia pacific held largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The developing economies such as China, India, Japan and South Korea are major key contributors behind the growth of market. The growth is attributed to the massive presence of logic analyzer manufacturing companies which are continuously working towards the additional technological advancements in the electronic devices.
Rapid initiatives by the respective country based governments to support industries to start small, medium and large manufacturing companies is driving the growth of market in the region. For example, the government of India started the “Make in India” initiative to attract vast foreign businesses and investment in the country.
The objective of the report is to present a comprehensive analysis of the Global Logic Analyzer Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Logic Analyzer Market dynamics, structure by analyzing the market segments and projects the Global Logic Analyzer Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Logic Analyzer Market make the report investor’s guide.
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The Scope of Global Logic Analyzer Market
Global Logic Analyzer Market, By Product Type
• Modular logic analyzer
• PC bases logic analyzer
• Portable logic analyzer
Global Logic Analyzer Market, By Application
• Integrated circuit
• Processors
• Memory devices
• Personal computers
Global Logic Analyzer Market, By Industry
• Automotive
• Consumer Electronics
• Healthcare
• Telecommunication
• Aerospace and Defense
• Others
Global Logic Analyzer Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Logic Analyzer Market, Key Players
• Tektronix, Inc
• Keysight Technologies
• Test Equity
• GW Instek
• Teledyne LeCroy Corporation
• Atec
• GAO Tek
• Honeywell Technologies solutions
• Hewlett Packard
• AccuSource Electronics
• Hantek
• Scientech Technologies Pvt. Ltd.
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