India 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 Forecasts, 2023-2031

Market Overview

The Indian digital storage oscilloscope market size was valued at USD 44 million in 2021 and is projected to reach USD 100 million by 2031, registering a CAGR of 7.1% during the forecast period (2022-2031).

A digital storage oscilloscope (DSO) stores and analyzes the input signal digitally instead of analog. It now offers the most widely used form of oscilloscope due to its sophisticated trigger, storage, display, and measuring functions. 

The system samples the input analog signal and digitally records the amplitude at each sample time. A digital storage oscilloscope (DSO) measures and records electrical signals. It digitizes the analog signal and stores it in digital memory, simplifying retrieval and analysis.

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

India digital storage oscilloscope market drivers

Growing it and telecom industry

Factors such as the increasing adoption of digital technologies, rising internet penetration, and growing demand for data services have driven the rapid growth of India's IT and telecom industry over the past few years.

This growth has increased demand for advanced testing and measurement equipment, such as DSOs, which analyze and test electronic circuits and signals in various applications. The IT and telecom industry widely uses DSOs to test and analyze electronic circuits in mobile devices, routers, and servers. Ericsson, a leading provider of telecommunication equipment and services, collaborated with Tektronix to develop and deploy a new solution for monitoring and analyzing the performance of 5G networks. Tektronix's DSOs are included in the solution, designed to assist telecom operators in optimizing their 5G networks and enhancing the quality of service for their customers. This will drive the market for oscilloscopes.

India digital storage oscilloscope market restraints

Technical challenge

India's digital storage oscilloscope (DSO) market faces technical challenges such as limited bandwidth, compatibility issues, and the need to capture fast and slow signals simultaneously. Delays and errors in the testing process, particularly in the automotive, telecommunications, and aerospace industries, can be caused by these challenges. Additionally, signal distortion can be introduced by DSOs, which can affect the accuracy of measurements. As highlighted by these challenges, engineers and technicians in India require continued innovation and development in the DSO market to meet their evolving needs.

India digital storage oscilloscope market opportunities

Stable industry verticals

India's telecommunications, automotive, and aerospace industries remain stable and grow steadily. These industries use testing and measurement equipment like DSOs to maintain and improve operations. The telecommunications industry requires advanced testing and measurement equipment such as DSOs to ensure the quality of service due to the increasing demand for high-speed data services and the deployment of 5G networks. Mobile networks will make a 100 times increase in speed and a 1,000 times increase in size. With the increase of 5G technology, few vendors are launching their 5G services in towns and cities. Adding these communication services will drive the oscilloscope market because the telecom industry uses oscilloscopes to test communication signals. Later this month, Bharti Airtel will launch 5G services and aim to cover 5,000 towns and cities by March 2024. 

Regional Analysis

India has the second-highest average data traffic per smartphone after the United States. Also, service providers in India are getting ready to launch 5G this year, and mobile networks are still important for promoting social and economic inclusion. India's digital storage oscilloscope (DSO) market is growing, and North India is a big part of that. Many companies make electronics and research centers in the area, which drives the need for high-quality testing and measurement solutions. The DSO market is growing quickly in places like Delhi, Noida, Gurugram, and Chandigarh, which are some of the largest towns in North India. For example, Tektronix makes DSOs with advanced features like high bandwidth, high resolution, deep memory, and advanced starting capabilities, perfect for complex and high-speed applications. Agilent Technologies makes DSOs with better signal quality, less noise, and high sensitivity. These DSOs can be used in research, development, classroom, and industry. Fluke Corporation makes DSOs that are durable, small, and easy to use, making them perfect for field workers and service engineers. In addition to these big players, several local manufacturers and distributors of DSOs in North India serve the needs of small and medium-sized businesses, startups, and educational institutions.

Segmental Analysis

The Indian 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 5.5% over the forecast period.

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

The 1GHz-16GHz segment dominated the market and is expected to grow at a CAGR of 6.9% 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 8.5% over the forecast period.

Recent Developments

• April 2023- GW Instek launched the new GPP-3650 Triple-Channel Programmable DC Power Supply.
• February 2023- Yokogawa Test and Measurement released the 720245 CAN FD/LIN Monitor Module for ScopeCorder.