Friday, 20 March 2020

Logic Analyzer Market | PC-based logic analyzers to register highest CAGR in market by 2024

The logic analyzer market is projected to reach USD 387 million by 2024. Increasing investment by test and measurement equipment manufacturers to launch new products in the electronics industry, and the rising demand for power-efficient and high-performance electronic devices are among the factors contributing to the growth of the global market. The rising number of features and modernization of vehicles in the automotive sector and high adoption of IoT-based devices in the electronics & semiconductor sector act as growth opportunities for the market players.


The electronics & semiconductor sector is expected to lead the logic analyzer market by 2019. Logic analyzer manufacturers have numerous opportunities in the electronics & semiconductor vertical, on the back of the staggering size of the market for TV sets, video games, computers, smart metering, and cell phones. At the same time, electronics manufacturing is a highly competitive industry with challenging standards for reliability and performance; this drives the growth of the market for this vertical.

North America to account for largest share of logic analyzer market by 2019

North America is expected to lead the logic analyzer market by 2019. The market in North America is projected to experience increased traction during the forecast period due to the presence of several leading players such as Keysight Technologies (US), Fortive (US), National Instruments (US) in this region. Moreover, it is also a hub for automotive players. Ongoing technological advancements in its automotive and transportation sector are expected to increase the demand for logic analyzers in the region, thereby fueling the growth of the logic analyzer market in North America.

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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