Logic analyzers test the functioning of electronic logic circuits and help users to study and understand the operation of complex digital circuitry. It is similar to the oscilloscope with added features, such as displaying the relative timing of signals. A logic analyzer enables the circuit to be monitored by investigating traces of logic signals.
Logic analyzers are beneficial in comparison to the traditional methods of circuit testing as they can be connected to the internet and provide greater levels of flexibility. Logic analyzers were first developed in the 1980s to debug microprocessor-based systems. The growing demand for multiple channels, display logic states, and other violation detection features is bolstering the market growth.
Growing demand for error detection in digital circuits debugging and complex logic testing is driving the logic analyzer market growth. They are applicable to test Integrated circuits, personal computers, memory devices and other forms of electrical and electronic circuits. Logic Analyzers or mixed-signal oscilloscopes can study digital waveforms from digital circuits to identify and correct timing issues. Time display for low logic states is another advantageous feature offered by logic analyzers, further driving its adoption among the end-users.
The growth in digitalization and IoT has surged the demand for testing complex logic or digital circuit to display the relative timing of a large number of signals. The need to process the signals both in vertical and horizontal time axis to specify low or high states is anticipated to boost the demand for different types of logic analyzers. Additionally, monitoring many digital lines can be a hectic task. Therefore logic analyzers are anticipated to find a significant place in the ever-growing industry automation trends.
Designing issues in FPGA, definition errors and the system interaction problems are some of the restraining factors causing fluctuation in the logic analyzers market. Lack of circuit debugging capability and system timing errors hamper the market growth. However, the rising mobile communication system industry is expected to increase the requirements for logic analyzers with a very high-speed sampling spectrum. A large scale designing and innovative development of memory devices and integrated circuits is likely to propel the adoption of logic analyzers during the forecast period.
Logic analyzers are expected to find large scale application in the digital signals in the upcoming years. Board computer systems, such as the Arduino and Raspberry Pi, will require logic analyzers for potential risk detection and operational analysis. In addition to this, industrial automation in the electrical and electronics sector will trigger the development of a wide range of new electronic products and systems. Manufacturers are focusing on cutting manufacturing costs and boosting productivity. Thus, they are shifting towards enhancing the quality and flexibility of products
The electrical and electronics industry will soon become the dominant sector for robotics and automation. By 2021, there will be more automated technologies installed in electronics and electrical firms. Countries such as China, Japan, South Korea, Taiwan, and the U.S. are pioneers in such technologies.
The PC-based logic analyzers segment is expected to grow with the highest CAGR on account of the large scale demand from various industry verticals. Key industry participants such as Hantek Electronics, Scientech Technologies, and GAO Tek are investing in the production of PC-based logic analyzers, spurring the market growth.
The modular logic analyzers segment, on the other hand, accounted for the largest share of the market in 2019 on account of the rising adoption of test instruments in functional and parametric validation of memory systems. Surging demands of testing and validating in other high-speed digital systems is bolstering the segment growth. Modular logic analyzers comprise of a chassis and channel modules, in which the number of modules is larger for the higher channel counts. Leading players in this segment are partnering and collaborating with their counterparts to boost the sales of modular analyzers.
The electronics and semiconductor segment leads the logic analyzer market characterized by the growing opportunities in the electronics and semiconductor vertical, especially in emerging economies such as India and China.
The growing proliferation of consumer electronics and smart devices, such as TV sets, video games, computers, smart metering, and cell phones, is driving the demand for efficient and accurate test equipment and signal analyzers. The global electronics manufacturing industry is a highly competitive industry with challenging standards for reliability and performance. Thus, developers are highly cautious of their product's performance and compliance with the regulatory standards.
Growing digitalization and rapid automation and electrification in the automotive and transportation market will provide a strong base for the adoption of logic test analyzers to verify electric circuits. Investors are expected to witness attractive growth opportunities in the automotive and transportation vertical as the automotive giants are increasingly innovating autonomous vehicles. The autonomous cars feature high-speed, low-power, and compact electronic devices that need to be monitored in order to prevent accidents.
There is a large-scale disruption in various industry verticals, especially manufacturing and engineering production sites. This situation has left a long term impact on the working patterns of labor-intensive industries. Countries such as the U.K., the U.S., China, Japan, and South Korea are anticipated to resume production in their semiconductor and electronics sector with comparatively less damage. As other parts of the world are slowly lifting the lockdowns and moving towards COVID-19 prevention protocols, manufacturing and production facilities are resuming operations.
Favorable Government Investments and Rising FDI to Drive Asia-Pacific's Market Growth
The logic analyzer market growth in Asia-Pacific is characterized by significant government investments, foreign funding, and public-private partnerships of the regional players. Countries such as Japan, China, and India are taking rapid initiatives to encourage industries to establish manufacturing facilities in their countries. The Indian government has also realized the importance of R&D and is pouring in huge amounts into the electronic devices and testing industry. For instance, the 'Make in India' program is initiated to attract huge foreign investment and businesses. Leading manufacturers, such as Advantest Corporation and Yokogawa Electric Corporation, are also creating lucrative growth opportunities for the market players in this region
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