Logic Analyzer Market Key Players Analysis, and Growth Forecast by 2031

The Logic Analyzer Market size is projected to reach US$ 990.46 million by 2031 from US$ 551.23 million in 2023. The market is expected to register a CAGR of 7.60% during 2023–2031. Increasing demand for IoT devices is likely to remain a key trend in the market.

Logic Analyzer Market Analysis

The logic analyzer market has witnessed substantial growth in recent years, owing to factors such as rising technological advancements, growing demand for consumer electronics, and the mounting demand for automobiles. A logic analyzer is an electronic instrument that captures and displays multiple signals digital signals and circuits. It is widely used for testing complex digital or logic circuits. This tool can have multiple channels connected at a different signal and can record the logic level of the signal and its timing. It helps to detect and analyze any glitches or malfunctioning of the signal. One of the key factors driving the logic analyzer market is the high adoption of IoT devices in the electronics and semiconductor industry.

According to Telefonaktiebolaget LM Ericsson’s ‘Mobility Report’, around 1.3 billion broadband IoT (4G/5G) were connected in 2022. Due to the rising requirement for lower latency and to handle larger data volumes, the demand for IoT devices is increasing. By the end of 2031, about 60 percent of cellular IoT connections are predicted to be broadband IoT, with 4G connecting the majority. Thus, the rising IoT devices contribute to the demand for logic analyzers for the chip’s development used in the devices, further fueling the logic analyzer market size.

Logic Analyzer Market Overview

A logic analyzer is an instrument used in a wide range of electrical devices to depict information digitally. It helps to translate the captured information into protocol decodes, timing diagrams, and opcodes or may correlate opcodes with the help of source-level software. It is an optimal solution as it has advanced triggering capabilities and efficiently helps the user to depict and analyze the timing relationships between many signals in a digital system. Thus, its several characteristics lead to its adoption and foster logic analyzer market growth.

The growing importance of logic analyzers in the embedded system drives the logic analyzer market size. The embedded systems can be directly integrated into the larger systems and perform individual functions and tasks. The logic analyzer helps to debug and verify digital system operation in the embedded systems. It simultaneously traces and correlates many digital signals efficiently. It detects and analyses the timing violations and traces the embedded software execution, which further leads to the efficient working of the embedded systems, fueling the adoption of the logic analyzer for the embedded systems. In addition, the wide range of applications of embedded systems in automotive, consumer, industrial, home appliances, medical, telecommunication, commercial, aerospace, and military fuels the logic analyzer market growth.

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Logic Analyzer Market: Strategic Insights

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Logic Analyzer Market Drivers and Opportunities

Rising Automotive Industry

The rising disposable income of the consumer, urbanization, and the need for a vehicle to carry large families have played a substantial role in driving the growth of the logic analyzer market. The demand for logic analyzers in the automotive is rising as it helps in developing and testing the automotive. In addition, the rising electric vehicle market further fuels the market. The logic analyzer helps check the vehicles' battery management system, motor systems, and other components. Moreover, the rising government initiative to fuel the production of vehicles to cater to its growing demand further generates the demand for logic analyzers. For example, Europe’s CARS 2021 Action Plan, GEAR 2031, and Horizon 2021 are some of the government initiatives augmenting vehicle production. The Horizon 2021 Plan provides funds for research & development (R&D) activities in the automotive industry by introducing programs such as the European Green Vehicles Initiative for enhanced road transport, smart mobility, and logistics. Thus, the R&D activities generated the demand for the logic analyzer to test, diagnose, and debug the vehicles' electronic systems, which further fuels the market growth.

In addition, the growing demand for lightweight vehicles, growing middle-class income in developing economies such as India and China, foreign direct investment (FDI) in the automobile industry, and others are some of the driving factors of vehicle production, which is further fostering the growth of market size. In addition, government and market players' practices introducing electric vehicles in the market to reduce carbon footprint, government policies to produce electric vehicles, and rising consumer awareness of the long-term cost benefits of electric vehicles contribute to increased electric vehicle production. This factor is contributing to the logic analyzer market growth.

Growing Adoption of AI and ML Technologies in the Healthcare Sector

Technological advancements play a crucial role in the growth of the logic analyzer market. According to the US Food & Drug Administration, medical device manufacturers manufacture their devices using artificial intelligence (AI) and machine learning (ML) technologies. Adopting these technologies in medical devices can help advance medical devices such as MRI machines and ECG devices. These devices display the results when a patient is monitored. The logic analyzer used in these devices helps to capture the patient’s condition and display it digitally. AI and ML technologies are being widely adopted and deployed as they help to analyze the data pattern better, which can help the healthcare provider detect and examine the patient's condition efficiently. Thus, the adoption of AI and ML technologies in the healthcare sector is expected to fuel the growth of the logic analyzer market in the forecasted period.

Logic Analyzer Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Logic Analyzer Market analysis are type, channel, application, and end-user.

• Based on the type, the logic analyzer market is segmented into modular logic analyzer, portable logic analyzer, and PC-based logic analyzer. The modular logic analyzer segment is anticipated to witness significant growth in the forecasted period.
• Based on the channel, the logic analyzer market is segmented into 2 to 32, 32 to 80, and >80. The >80 segment is anticipated to witness significant growth in the forecasted period.
• Based on application, the market is segmented into personal computers, integrated circuits, embedded systems, and memory devices. The personal computers segment is anticipated to witness significant growth in the forecasted period.
• Based on end-user, the market is segmented into automotive, consumer electronics, medical, IT and telecommunication, education, aerospace and defense, and others. The automotive segment is anticipated to witness significant growth in the forecasted period.

Logic Analyzer Market Share Analysis by Geography

The geographic scope of the logic analyzer market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America is anticipated to witness significant growth in the forecasted period. North America has established itself as a dominant logic analyzer market, leading market share and driving growth. Several factors have contributed to North America’s strong position in the logic analyzer market. Firstly, the region is focused on automating its manufacturing facilities, aligning with Industry 4.0. In January 2021, the US President declared the plan to boost its manufacturing sector under the ‘Made in America’ initiative, which is dedicated to making technologically advanced and automated manufacturing sectors.

Also, announced a financing of US$ 300 billion for research and development (R&D) and the addition of advanced technologies to enhance the country's production output. These technological advancements can act as a catalyst for manufacturing companies’ growth. The logic analyzers help to monitor, debug, and test the automated system of the facilities. This compatibility has further accelerated the adoption of logic analyzers and fostered the market in North America. Furthermore, the presence of numerous leading manufacturers and technological innovators in North America has contributed to the region's dominance in the logic analyzer market.

Logic Analyzer Market Regional Insights

The regional trends and factors influencing the Logic Analyzer Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Logic Analyzer Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Logic Analyzer Market Report Scope

Logic Analyzer Market Players Density: Understanding Its Impact on Business Dynamics

The Logic Analyzer Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Logic Analyzer Market are:

1. AccuSource Electronics
2. Yokogawa Electric Corporation
3. Keysight Technologies
4. Qingdao Hantek Electronic Co., Ltd.
5. Arm Limited
6. GAO Tek & GAO Group Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Logic Analyzer Market News and Recent Developments

The Logic Analyzer Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Logic Analyzer Market are listed below:

• Infineon Technologies AG announced that they have combined its proven expertise in magnetic position sensors with its established linearized tunnel magnetoresistance (TMR) technology to launch the XENSIV™ TLI5590-A6W magnetic position sensor. The sensor comes in a wafer-level package and is well-suited for linear and angular incremental position detection. The device is qualified for industrial and consumer applications according to the JEDEC standard JESD47K and can be used as a replacement for optical encoders and resolvers. It is well suited for positioning lenses for zoom and focus adjustment in cameras. (Source: Infineon Technologies AG, Press Release, 2023)
• Prodigy Technovations Pvt. Ltd announced an innovative Logic Analyzer for Embedded Interfaces to address the design Verification, Validation and testing challenges faced by Embedded design teams. PGY-LA-EMBD is an industry-first 1GS/s timing Analysis, 100MHz State Analysis capable 10 Channel Logic Analyzer with simultaneous I2C, SPI, and UART protocol analysis capability. (Source: Prodigy Technovations Pvt. Ltd, Press Release, 2021)

Logic Analyzer Market Report Coverage and Deliverables

The “Logic Analyzer Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Logic Analyzer Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Logic Analyzer Market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Logic Analyzer Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Logic Analyzer Market
• Detailed company profiles