Europe Digital Storage Oscilloscope Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Type (Mobile Digital Oscilloscope, Stationary Digital Oscilloscope), By Applications (3D Sensing, Data Communication, IP Video, Radar and Electronic Warfare, Power and Energy Efficiency and Optical Solutions), By Bandwidth (1 GHz-16 GHz, 17GHz - 33 GHz, Above 34 GHz), By End-User (Aerospace and Defense, IT and Telecom, Consumer Electronics, Manufacturing, Automotive, Medical, Education, Meteorology, Media, Others) and By Country(U.K., Germany, France, Italy, Russia, Nordic, Benelux, Rest of Europe) Forecasts, 2023-2031

Market Overview

The Europe digital storage oscilloscope market size was valued at USD 144 million in 2021 and is projected to reach USD 265 million by 2031, registering a CAGR of 4.9% during the forecast period 2022-2031.

Digital storage oscilloscopes are devices that record and digitize waves at high speeds. This kind of device is better than traditional ones because it can store more samples longer. This makes it useful for things like studying power systems or ensuring the quality of products.

In Europe, the market is rising because the telecommunications industries in Germany and the UK are growing so quickly. There are a lot of companies that make semiconductor gadgets and products in these countries, which makes them more likely to use DSOs. Also, more people signing up for LTE and more 5G projects will likely increase demand for radiofrequency test equipment, especially digital storage oscilloscopes. To use the 802.11ac wireless networking standard and give end users high-speed WLANs, we need a 5 GHz band. The high bandwidth needs of the 802.11ac technology are also expected to help the business grow.

Highlights

• Hardware dominates the market by type.
• 1GHz-16 GHz dominates the market based on bandwidth
• The consumer electronics segment dominates the market by end-user.

Market Dynamics

Europe digital storage oscilloscope market drivers

Rising telecommunication industry

The rapid expansion of 5G networks and the increasing demand for data services necessitate more advanced testing and measurement equipment, such as digital storage oscilloscopes.

Testing and optimizing high-frequency signals for the rollout of 5G networks can be challenging with traditional analog oscilloscopes. On the other hand, engineers can capture and analyze complex signals more accurately with digital storage oscilloscopes because they offer greater bandwidth and faster sampling rates.

Additionally, digital storage oscilloscopes are in demand due to the growing use of digital technologies in other industries, such as automotive, aerospace, and healthcare. These industries use digital storage oscilloscopes as a key tool to achieve precise and reliable electronic measurements for their products and services.

Europe digital storage oscilloscope market restraints

Lack of expertise

Small and medium-sized enterprises (SMEs) may not invest in training their employees on properly using digital storage oscilloscopes due to limited resources. The European Commission conducted a study that found only 31% of SMEs in the European Union have employees with advanced ICT skills, such as those required for using digital storage oscilloscopes effectively. Suboptimal usage of these devices due to a lack of expertise can lead to inaccurate measurements and unreliable test results.

Furthermore, companies may find it difficult to recruit and retain talented staff due to the shortage of skilled professionals in the electronics industry, including digital storage oscilloscope experts. The region's lack of expertise can also impact innovation and product development. Companies may struggle to develop new and innovative applications for digital storage oscilloscopes, limiting their potential uses and market growth without a skilled workforce. The overall lack of expertise in the region significantly restrains the Europe digital storage oscilloscope market. To fully capitalize on the potential of these devices, companies may need to invest in training programs and recruitment efforts to address this challenge.

Europe digital storage oscilloscope market opportunities

Adoption of industry 4.0

The increasing use of automation, data exchange, and the Internet of Things (IoT) requires companies to use more advanced testing and measurement equipment, such as digital storage oscilloscopes. McKinsey's report states that Industry 4.0 could contribute between Euros 1.0 trillion and Euros 1.7 trillion in value to the European economy by 2025. The digital storage oscilloscope market has a significant opportunity to support the growth and innovation of the Industry 4.0 movement.

They are testing and measuring sensors used in IoT devices for Industry 4.0. Traditional analog oscilloscopes can make it challenging to obtain precise and accurate measurements of small signals, which are often required by these sensors. Manufacturers use digital storage oscilloscopes to test signals in automated manufacturing equipment because they offer greater bandwidth and higher sampling rates. Manufacturers can ensure optimal performance and reliability of the manufacturing process by capturing and analyzing complex signals from motors, drives, and other components using digital storage oscilloscopes.

Regional Analysis

The growing use of digital storage oscilloscopes is expected to drive significant development in this European market. Developing nations like Spain, Italy, and others are projected to stimulate market expansion in this area due to the rapid rise of the automotive and electronics manufacturing industries. Several leading electronics and telecommunications companies in the country drive Germany to be Europe's largest market for digital storage oscilloscopes. 

Germany is expected to grow at a CAGR of 6.0% by occupying a majority market share during the forecast period. Producers of electric and hybrid vehicles will mainly attribute the increase in sales of digital storage oscilloscopes in this area. Additionally, high-precision laboratory equipment investments by the leading players will further aid in the growth of this market. Market growth is anticipated to be further accelerated by various end-user industries. The healthcare industry anticipates digital storage oscilloscopes to track various variables, including blood pressure, pulse, and heart health, boosting market expansion.

Segmental Analysis

The Europe digital storage oscilloscope market is segmented based on type, bandwidth, and end-user.

The type segment is further segmented into Hardware, Software.

The Hardware segment dominated the market and is expected to register a CAGR of 3.3% over the forecast period.

The bandwidth segment can be bifurcated into 1GHz-16 GHz, 17GHz-33GHz, Above 34GHz. 

The 1GHz-16GHz segment dominated the market and is expected to grow at a CAGR of 4.8% during the forecast period.

Based on end-user, the market is sub-segmented into Aerospace and Defense, IT and Telecom, Consumer Electronics, and Manufacturing.

Consumer Electronics is expected to dominate the market, registering the highest CAGR of 6.3% over the forecast period.

Recent Developments

• April 2023- Rohde and Schwarz demonstrated increased power and agility in video workflows.
• April 2023- Keysight added a compact network test solution for automotive and industrial IoT to its Novus portfolio.
• April 2023- Tektronix and Singapore's Quantum Engineering Programme are advancing quantum technology efforts.