Automotive and transportation vertical to register highest CAGR in Logic Analyzer Market during forecast period

According to the new market research report "Logic Analyzer Market by Type (Modular Logic Analyzers, PC-Based Logic Analyzers), Channel Count (2-32, 32-80, >80), Vertical (Electronics & Semiconductor, Automotive & Transportation, Aerospace & Defense), and Geography - Global Forecast to 2024", The logic analyzer market is projected to be woth USD 387 million by 2024. The increasing demand for testing of power-efficient and high-performance portable electronic devices to avoid distortion of the its output signals, which could affect the performance of the entire systems, and increasing investment by players in electronics R&D to remain competitive in the market are factors driving the growth of the global logic analyzer market.

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Automotive and transportation vertical to register highest CAGR in market during forecast period

The logic analyzer market players have attractive growth opportunities in the automotive and transportation vertical as the automotive giants and other business leaders are increasingly investing in autonomous vehicles. The autonomous cars require high-speed, low-power, and compact electronic devices. However, it is necessary to check the performance of these devices during their production. Manufacturers use logic analyzers to test and analyze the performance of these electronic devices. This is likely to help the logic analyzer providers to gain huge opportunities from the automotive and transportation vertical in the near future.

Logic analyzer market in APAC to grow at highest CAGR during forecast period

The logic analyzer market in APAC is projected to grow at the highest CAGR from 2019 to 2024. This growth is attributed to high investments and expansions by logic analyzer manufacturers in APAC. Asian countries, such as Japan, China, and India, have been taking rapid initiatives to encourage industries to set up manufacturing and R&D facilities in their countries. For instance, the Indian government has started the “Make in India” program to attract huge foreign investment and businesses in the country. The strong presence of leading manufacturers of signal testing and analyzing equipment, such as Advantest Corporation and Yokogawa Electric Corporation, has created significant opportunities for the market players to grow in this region.

Key Market Players

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 leading companies operating in the logic analyzer market.

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