Analysis of the Oscilloscopes Market in Asia-Pacific
The oscilloscopes market is the largest and fastest-growing product category in the general purpose test equipment industry. Although a global developed market, the Asia Pacific is the largest market for oscilloscopes. In this study, key industry challenges, drivers, and restraints pertaining to the Asia Pacific region are identified and discussed. It also features details on market size, future growth, and market shares in key countries such as China and India. The base year for the analysis is 2012 with the forecast period ending in 2019. A detailed market share analysis is included, identifying the companies expected to gain share against their competitors during the forecast period.
In the global oscilloscopes market, the Asia-Pacific share has grown significantly over the past years, resulting in the position of largest region for oscilloscopes worldwide.
In 2012, the market for oscilloscopes in Asia-Pacific reached $ million, significantly larger than that of North America or Europe. The region is most likely underestimated as many purchases are made in developed regions but the instruments are shipped to and used in Asia.
China is the 2nd largest market for oscilloscopes globally. There is defense business in this country as well as radio frequency (RF) and digital opportunities. The electronics industry generates significant demand for oscilloscopes in Asia. In countries such as Japan and Korea, there are large digital customers such as Samsung and Sony. Japan is also typically involved in new, high-end technologies.
The Asia-Pacific region continues to grow, although not at the same rate due to a slowdown in China, which affects demand for oscilloscopes. The country is strong in manufacturing, but labor costs are rising, leading multinationals to look for lower-cost countries for their manufacturing operations including that of Latin America.
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