As per the report titled ‘Global Logic Analyzer Market Size study, by Type (Modular Logic Analyzer, PC - based Logic Analyzer, and Portable Logic Analyzer), End-user Industry, (Automotive, Electronics, Healthcare, Telecommunication, Aerospace and Defense), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global analyzer market is anticipated to register a CAGR of 12.66% during the forecast period 2021-2027.
 

Increasing digitalization, escalating demand for high-performance electronic devices, and rising penetration of IoT technology are fueling global logic analyzer market growth. Government investments towards promoting the adoption of advanced electronic devices are further infusing growth in this business sphere.
 

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Moreover, consumer electronics adoption rate is increasing at a rapid rate. Shipment of tablets, mobile phones, PCs, and other electronic devices was anticipated to reach USD 2.13 billion by 2022, as per credible sources.
 

For the uninitiated, a logic analyzer is an electronic device that gathers and displays signals from a digital circuit. It turns data into a timing diagram, and decodes assembly language etc.
 

Speaking of the challenges in the industry, complex management and necessity of technological knowledge may negatively impact the remuneration scope over the forecast timeframe, claims the study.
 

With respect to the regional assessment, major geographies defining global logic analyzer industry size and scope are North America (U.S., Canada), Asia Pacific (India, China, Australia, Japan, South Korea), Europe (United Kingdom, France, Germany, Spain, Italy), and Latin America (Mexico, Brazil).
 

Asia Pacific captures a major portion of the overall industry share, creditable inflowing government investments in the electronics sector and growing presence of manufacturers in the region.
 

With respect to the competitive backdrop, GAO Tek Inc., ARM Ltd., Advantest Corp., Teledyne Technologies Inc., Yokogawa Electric Co., NI (National Instruments Corp.), Rohde & Schwarz GmbH & Co KG., Fortive Corp., and Keysight Technologies Inc. are the major players influencing the industry trends.