The Logic Analyzer Market is expected to rise significantly. It is anticipated that the market will be valued USD 387 million by 2024.
The market is divided into groups by type, which includes PC-based and modular logic analyzers, channel count, which ranges from 2-32 to over 80, and verticals, which include electronics and semiconductors, automotive and transportation, and aerospace and defence. This growth estimate is in line with the rising requirement for advanced testing and debugging solutions in electronic systems and semiconductor devices, which is driving demand for logic analyzers across a range of industries. The market for logic analyzers is expected to grow significantly as technology progresses, meeting the needs of many industries and a variety of verticals.
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Numerous important elements are driving the remarkable rise of the global logic analyzer market. The growing need to test high-performing, power-efficient portable electronics is one important motivator. As consumers depend more and more on portable electronics for a range of uses, it is critical to guarantee the integrity and calibre of output signals. These signals' distortions have the ability to negatively affect a system's overall performance and cause faults or failures. Because of this, reliable testing tools like logic analyzers are essential for identifying and fixing signal distortions, which improves the overall functionality and dependability of the device.
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Additionally, a significant driver of market expansion is the industry's heavy expenditure in electronics research and development (R&D). Companies are always developing and launching new products in an effort to preserve their competitive advantage in a market that is becoming more and more competitive. The creation and validation of electronic systems and components depend heavily on sophisticated testing and debugging tools like logic analyzers, which are in high demand as a result of the growing emphasis on research and development. Because of this, the need for comprehensive testing solutions to fulfil changing industry standards and maintain product competitiveness is driving a large increase of the worldwide logic analyzer market.
Modular logic analyzers led logic analyzer market in 2019.
With the biggest market share, modular logic analyzers became the dominating category in the logic analyzer market in 2019. The broad use of test tools, especially modular logic analyzers, in the functional and parametric validation of memory systems and other high-speed digital systems working at up to 4 Gbps, supports this growth trend. A chassis and many modules, including channel modules, are the standard components of modular logic analyzers; the quantity of modules increases with the number of channels. Users can customise the analyzer to meet their unique testing needs thanks to the modular design's scalability and flexibility. Leaders in the sector including Keysight Technologies, Fortive, National Instruments, and Teledyne LeCroy are notable participants in the modular logic analyzer market. Modular logic analyzers have been increasingly popular due to their contributions to technical innovation and product development, solidifying their status as the go-to solution for thorough testing and validation of a wide variety of digital systems and applications.
Electronics & semiconductor to account for largest share of logic analyzer market by 2019
In 2019, the market for logic analyzers was expected to be led by the electronics and semiconductor industry. The reason for this domination is the vast prospects that this vertical offers logic analyzer manufacturers. TVs, video games, computers, smart metering systems, and cell phones are just a few of the items that make up the electronics and semiconductor business, which holds a substantial market share. But this industry is also characterised by fierce rivalry and exacting performance and reliability criteria. Because of this, producers of electronic goods are forced to spend money on sophisticated testing and validation tools like logic analyzers in order to guarantee the performance and quality of their products. The electronics and semiconductor industry's logic analyzer market is expanding due to the need for quality control and performance optimisation as businesses try to satisfy customers' high standards in a rapidly changing technological environment.
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North America to account for largest share of logic analyzer market by 2019
As of 2019, North America was leading the logic analyzer market and is expected to continue leading it in the years to come. Numerous variables that contribute to the region's substantial market growth are responsible for its supremacy. Important industry players including Keysight Technologies (US), Fortive (US), and National Instruments (US) are based in North America and have a considerable influence on innovation and technological improvement in the logic analyzer area. Furthermore, the area is a major hub for the automotive sector, with the continuous development of automotive technology driving the need for sophisticated testing and validation tools like logic analyzers. Logic analyzers are essential to the automobile industry since they guarantee the efficiency and performance of electronic systems, which in turn drives market expansion in North America. Because of this, the area is anticipated to see growth in the logic analyzer market, helped by its favourable business climate, advanced technological capabilities, and robust automotive industry.
Keysight Technologies (US), Fortive (US), Rohde & Schwarz (Germany), National Instruments (US), Yokogawa Electric (Japan), Teledyne (US), Advantest Corporation (Japan), ARM Limited (UK), GAO Tek (Canada), Rigol Technologies (China), Saleae, Inc (US), Good Will Instrument Co., Ltd. (Taiwan), Zeroplus Technology Co., Ltd (Taiwan), Qingdao Hantek Electronic Co., Ltd. (China), NCI Logic Analyzers (US), Scientech Technologies Pvt. Ltd. (India), OWON Technology (China), IKALOGIC (France), Red Pitaya (Europe), and GSAS Micro Systems Pvt Ltd. (India) are among the major companies operating in the logic analyzer market.
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