Market Trends of Logic Analyzer Industry
This section covers the major market trends shaping the Logic Analyzer Market according to our research experts:
PC- Based Logic Analyzer is Expected to Drive the Market Growth
- The PC-based logic analyzer segment is expected to expand during the forecast period considerably due to the various benefits it offers, such as the ease of installation, coupled with the ability to record both analog and digital signals, which makes them an appropriate choice for multiple end-user segments.
- Moreover, USB-based analyzers offered by players like Gaotek are continually reducing in size and cost, thereby making them attractive options for several end-user industries.
- One of the main advantages of the USB or PC-based logic analyzer is cost-effectiveness. The overall instrument utilizes many aspects of a computer that is likely to be available already. Power supply, display, and processing power are all available within the PC, and this means these do not need to be replicated within the USB scope.
- In many instances, a computer will be available in an environment where electronic equipment is to be tested, and therefore using the processing power, screen, and power supply of the PC or other computer helps to save on cost and space.
- Further, with the decreasing lab spaces and engineering teams becoming more distributed, companies are choosing all-in-one instruments as a supplement to traditional laboratories, creating a need for a portable test and measurement bench that can support all types of designs.
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Asia Pacific is Expected to be the Fastest Growing Market in the World
- All major end-user industries that have major applications for logic analyzers are growing in this region, and hence, Asia-Pacific is expected to be the fastest-growing market for logic analyzers. The Asia-pacific market has emerged as one of the most dynamic markets for automated vehicles. Almost all major players based in the region have been investing in automated vehicle development programs.
- Toyota, for instance, announced the creation of a USD 100 million venture fund in May 2019 to invest in autonomous driving and robotic technology start-ups. Other players, like Mitsubishi and Honda, have been undertaking active partnerships to help the proliferation of the market.
- Furthermore, the semiconductor industry, which has a major application for the logic analyzers, is also expected to grow rapidly during the forecast period. As part of the Made in China 2025 blueprint, the government of China has set the goal of taking the semiconductor industry output to USD 305 billion by 2030.
- Additionally, the expansion of 5G networks in the region is expected to be one of the major factors driving the growth of the market studied, both directly and indirectly. According to GSMA’s latest report, 5G is expected to contribute about USD 900 billion to the economy of the region over the next 15 years.
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