The Logic Analyzer Market is expected to increase significantly and reach a projected value of USD 387 million by 2024, as per the most recent MarketsandMarketsTM market research report.
Several factors impact the growth trajectory of the market, such as the growing need for PC-based and modular logic analyzers, a wide range of channel counts (from 32-80 to over 80), and the market's application in multiple verticals like aerospace & defence, automotive & transportation, and electronics & semiconductor. This estimate demonstrates a bright picture for the Logic Analyzer Market, driven by developments in technology and the rising utility of logic analyzers in numerous sectors.
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The increasing need for testing portable electronic devices that are both high-performing and power-efficient is fueling the expansion of the worldwide logic analyzer market. The demand for accurate and effective testing instruments has increased due to the emphasis on eliminating signal distortion that may have an effect on the overall system performance. To further strengthen their competitive edge, major businesses in the electronics sector are investing heavily in research and development (R&D) projects. This tactical strategy strengthens the position of logic analyzers in the market by stimulating innovation and facilitating the expansion of their applications across a range of sectors.
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Modular logic analyzers led logic analyzer market in 2019.
With a substantial market share in 2019, the Modular Logic Analyzers category led the Logic Analyzer market. The widespread 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 is responsible for this supremacy. 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. Modular logic analyzers are becoming more and more popular, and major firms in the industry like Keysight Technologies, Fortive, National Instruments, and Teledyne LeCroy are helping to cement their place in the market.
Electronics & semiconductor to account for largest share of logic analyzer market by 2019
By 2019, the electronics and semiconductor industry is expected to become the market leader for logic analyzers. The electronics and semiconductor vertical presents a plethora of chances for logic analyzer makers, mostly due to the sizeable market that includes TV sets, video games, computers, smart metres, and mobile phones. The market's expansion within this vertical is accelerated by the fierce competition and strict performance and reliability criteria of the electronics manufacturing sector. Logic analyzers are quite popular because of the electronics industry's need for accurate testing and analysis tools.
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North America to account for largest share of logic analyzer market by 2019
By 2019, North America is expected to overtake other regions in the logic analyzer market. Increased market activity is anticipated in the region due to the presence of major players like National Instruments (US), Fortive (US), and Keysight Technologies (US). The dynamic technological landscape is one factor driving up demand for logic analyzers, particularly in the transportation and automotive industries. Logic analyzer usage is expected to be further boosted by ongoing technological improvements in the automobile industry, placing North America at the forefront of the market's growth.
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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