United States 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 United States digital storage oscilloscope market size was valued at U.S.D 84 million in 2021 and is projected to reach U.S.D 147 million by 2031, registering a CAGR of 4.4% during the forecast period (2022-2031).

A digital oscilloscope is an electronic test tool that shows the waveform of an electrical input and lets you measure it. It measures the amount of voltage over time. Digital storage oscilloscopes can record very fast signals or waves that are hard for other instruments to copy exactly because of how quickly they can respond.

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

The United States Digital Storage Oscilloscope Market Drivers

Rising Telecommunication Industry

The telecommunications industry has grown a lot in the U.S. in recent years. This is due to several factors, such as the growing demand for high-speed internet, the growing popularity of smartphones and other mobile devices, and the growing digital transformation trend in many fields, such as healthcare, education, and entertainment. One sign that the U.S. telecom business is getting stronger is that more and more people are using 5G technology. A study from the Telecommunications Industry Association said there were more than 17,000 5G base stations in the U.S. in 2020. This was a big jump from the year before. The study also says there will be about 190 million 5G connections in the U.S. by 2025. This is about 55% of all mobile connections in the country. In the U.S., the telecom business also invests a lot in building up its infrastructure. For example, in 2020, the Federal Communications Commission (FCC) announced a USD 9 billion fund to help roll out 5G infrastructure in rural areas. The goal was to close the digital gap and give underserved communities access to high-speed internet.

The United States Digital Storage Oscilloscope Market Restraints

Highly Competitive Market

The market for DSOs in the U.S. is very competitive, with big companies like Tektronix, Keysight Technologies, and Rohde & Schwarz all trying to get a piece of the market.

Prices have increased because of how competitive the U.S. DSO market is, making it hard for smaller players to succeed. Larger companies can offer lower prices because they have economies of scale. This makes it hard for smaller companies to stay profitable. This can cause the market to get smaller, with smaller companies being bought out by bigger ones or leaving the market entirely.

The high level of creativity and technological improvements is another thing that makes the U.S. DSO market so competitive. The market is always changing, and new features and functions are being added quickly. This can make it hard for businesses to keep up with the newest trends and technologies, leading to more competition and pressure to develop new ideas.

The United States Digital Storage Oscilloscope Market Opportunities

Investment in R&D 

Research and development (R&D) investments can create new and innovative products that better meet customers' changing needs and help businesses stand out from their competitors. The U.S. has a long history of investing in research and development (R&D). Many top companies and universities do cutting-edge studies in various fields. Investing in research and development (R&D) in the DSO market can create new features and functions, like higher bandwidth, faster sampling rates, and better tools for analyzing data.

Investing in R&D can help companies improve their manufacturing methods, cut costs, and develop new products. This could make it easy for companies to compete on price and give customers better deals.

Regional Analysis

In the United States, the market for digital storage oscilloscopes is mature, and its growth rate is directly linked to the growth of the electronics industry. The U.S. is one of the world's most innovative and tech-savvy countries, making it a big market for digital storage oscilloscopes. Tektronix, Keysight Technologies, Rohde & Schwarz, and others are the top U.S. digital storage oscilloscope players.

In recent years, there has been a rising demand for DSOs with advanced features like higher bandwidth, faster sampling rates, and better resolution. This trend is caused by electronic devices getting more complicated and the need for more accurate tools to test and measure them. The U.S. digital storage oscilloscope market will likely grow because of the growing demand for cloud-based testing and remote access to testing equipment. Digital storage oscilloscopes are also increasingly used in the automotive, aerospace, and defense businesses, which should help the market grow. These businesses need high-end testing and measurement equipment for signal analysis, fault diagnosis, and fixing bugs in complex electronic systems.

Segmental Analysis

The United States 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 2.6% 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 4.2% 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 5.8% over the forecast period.

Recent Developments

• 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.