The article is about the market size of logic analyzer market from 2015 to 2024. The market is growing fast due to the huge investment in the electronic industry and the increasing demand for power-efficiency and high-performance electronic devices. The increasing demand for loT- based devices in the electronics and semi-conductor sector is also boosting the market. In fact, the market is estimated to reach $387 million by 2024. The market of Asia Pacific is also expected to grow very rapidly from 2019 to 2024 due to high investment in China, Japan, and India. Automotive and transportation vertical is expected to register highest CAGR during the forecast period due to the huge investment in autonomous vehicles.
GaoTek is cited along with Scientech Technonolgies, Hantek Electronics as the top companies that are involve in the production of PC-based logic analyzers. In addition, Keysighht Technologies (USA) is one of the top companies in the market and in the field of wireless communications. It focusses on manufacturing innovative products. The company invested 15.65% of its total revenue in R&D activities. It is also based in many regions such as China, Germany, India, Japan, Malaysia. Singapore, and Japan. It generates revenue of 36% from USA, 27% from China and Japan, and 37% from RoW.
Recent developments are also mentioned. We can cite as an example, Advantest Corporation that bought semiconductor system level test business from Astonics Corporation at USD 135 million. This put the companies in the best position in the market.