The logic analyzer market is expected to grow from US$ 512.30 million in 2022 to US$ 923.84 million by 2030; it is estimated to grow at a CAGR of 7.6% from 2022 to 2030.
Analyst Perspective:
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 2028, 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.
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 fuels the logic analyzer market size.
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 logic analyzer has three categories: modular, portable, and PC-based.
Many integrated circuits and digital designs generate the demand for logic analyzers to detect defects before the device is constructed, which propels the logic analyzer market growth. It helps uncover the hardware defects not found in simulation testing. These are adopted over the simulation testing as it helps to detect the defect faster. They are helpful in analyzing serial protocols such as I2C, SPI or UART, where they are used to capture the long logic sequences displaying one or several communication frames.
The growing importance of logic analyzer 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.
Strategic Insights
Market Driver:
Rising Automotive Industry to Drive Growth of Logic Analyzer Market
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 analyzer 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 analyzer. For example, Europe’s CARS 2020 Action Plan, GEAR 2030, and Horizon 2020 are some of the government initiatives augmenting vehicle production. The Horizon 2020 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.
Segmental Analysis:
Based on type, the market is segmented into modular logic analyzer, portable logic analyzer, and PC-based logic analyzer. The PC-based logic analyzer segment held the substantial logic analyzer market share in 2022 and is projected to register the highest CAGR in the market during the forecast period. The demand for these logic analyzers is gaining traction due to their compact size, and they can directly interface with a computer with the help of an ethernet or a USB cable. The PC’s display displays the captured information to the user. These analyzers are widely adopted as they are the least expensive, fueling the segment’s growth in market.
Modular logic analyzers are the standard ones used in labs with multiple modules and chassis. These analyzers are expensive and offer a superior level of functionality to the user. To increase the functionality further, the modules in these analyzers can be added or removed depending on the user.
Portable logic analyzers are more portable than modular logic analyzer and offer all the functions integrated into a single module with a screen. In applications where small analyzers are required, these analyzers are widely adopted as these test instruments can incorporate all elements of the analyzer into a single unit and can easily transported.
Regional Analysis:
The North American logic analyzer market was valued at US$ 163.94 million in 2022 and is projected to reach US$ 286.39 million by 2030; it is expected to grow at a CAGR of 7.2% during the forecast 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 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 analyzer 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.
North American companies have been at the forefront of developing and commercializing logic analyzer technologies, offering various products to cater to the demand from diverse end-user applications. These manufacturers have invested in research and development, introducing advanced features and improved capabilities of logic analyzers, fueling the logic analyzer market.
Key Player Analysis:
The logic analyzer market analysis consists of players such as AccuSource Electronics, Yokogawa Electric Corporation, Keysight Technologies, Qingdao Hantek Electronic Co., Ltd.; Arm Limited; GAO Tek & GAO Group Inc.; Rohde & Schwarz; Saleae; Zeroplus Technology; TEKTRONIX, Inc. are among others.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the logic analyzer market. A few recent key market developments are listed below:
- In June 2023, Keysight Technologies launched the latest version of logic and protocol analyzer software (64-bit). This new version adds the "measuring precharge to refresh (tRP)" test to the DDR/LPDDR post-process compliance tool, removes the logic update tool from the install process, and detects and fixes several bug fixes.
- In December 2018, Ikalogic unveiled a new series of test instruments, SP209, a 9 channel 200MHz logic analyzer aimed to analyze CMOS logic signals and industrial buses alike easily. It integrates specialized receivers for most usual industrial busses like RS485, RS232 or CAN.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Channel, Application, End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Logic Analyzer Market
Apr 2024
Robotic Crawler Camera System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Crawlers, Cable Drums, Control Units, and Others), Software, and Service], Application (Drain Inspection, Pipeline Inspection, and Tank Void Capacity or Conduit Inspection), and End User (Residential, Commercial, Municipal, and Industrial)
Apr 2024
Inertial Sensor for Land Defense Systems Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (FOG, MEMS, and Others) and Application (Stabilization Missile Systems, Stabilization Turret-Cannon Systems, Land Navigation Including Land Survey, Missile GGM-SSM, Stabilization Active Protection System, Stabilization of Optronics System, and Others)
Apr 2024
Drone Lithium Battery Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Battery Type (Li-ion, Li-Po, and Li-S), Battery Capacity (Below 3,000 mAh; 3,000–5,000 mAh; and Above 5,000 mAh), Drone MTOW (Below 100 Kgs, 100–200 Kgs, and Above 200 Kgs), Wing Type (Fixed Wing and Rotary Wing), and End Use (Military and Commercial)
Apr 2024
ASRS for Garments on Hangers Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing and Logistics, Retail 3PL, Hotels, Hospitals and Institutes, and Others)
Apr 2024
Analog to Digital Converter Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)
Apr 2024
Laser Distance Sensor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
Apr 2024
Rugged Tablet Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Fully Rugged Tablet, Semi Rugged Tablet, and Ultra Rugged Tablet); Operating System (Android, Windows, and iOS); and Application (Aerospace & Defense, Automotive, Construction, Energy & Utilities, Manufacturing, Oil & Gas, and Others)
Apr 2024
Rear Door Heat Exchanger Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Active and Passive) and End User (Data Center, IT and Telecommunication, Semiconductor, Education, Government, and Others)