Lock-in Amplifier Market: Introduction
- Lock-in
amplifier is an electronic device used to extract signals from noisy
environments. Lock-in amplifier extracts pro-sensitive signals that are
one million times smaller than noise components.
- Lock-in
amplifier market measures and converts alternating current
signals into direct current output with a pre-programmed instruction to
capture the signals of interest.
- Lock-in
amplifiers are segmented based on type (digital lock-in amplifiers and
analog lock-in amplifier) and application (laboratory, semiconductor,
healthcare, industrial, and others)
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Rise in Demand in Healthcare Applications
- The
healthcare segment is anticipated to see the fastest growth in the global
lock-in amplifier market throughout the forecast period due to the rise in
demand for lock-in amplifiers in the healthcare industry.
- Lock-in
amplifiers are majorly used in confocal microscopy for functions such as THz
spectroscopy and ultra-high-speed scanning to extract signals. The growing
demand for confocal microscopy in the healthcare domain is likely to boost
the demand for lock-in amplifiers.
- Furthermore,
confocal microscopy is used to obtain 2D and 3D high-resolution images to
increase micrographs optical contrast and resolution by blocking out of
focus light from image formation using a spatial pinhole. The demand for
confocal microscopy is high due to the need for effective and measurable
results to diagnose cancer, which is propelling the growth of the global
lock-in amplifier market.
- High
energy consumption, high costing, and complexity in design are the major
restraining factors of the lock-in amplifier market.
Asia Pacific to Lead the Lock-in Amplifier Market
- In
terms of region, the global lock-in amplifier market can be divided into
North America, Europe, Asia Pacific, Middle East & Africa, and South
America.
- Asia
Pacific is anticipated to dominate the global lock-in amplifier market
throughout the forecast period due to the growing industrial base in
developing nations such as China, South Korea, Japan, Indonesia, and India
in the region.
- Moreover,
several vendors that offer skincare and skin disease diagnosis devices in
the region also propel the growth of the lock-in amplifier market.
- The
frequency of skin-related ailments has increased in countries such as
China and India because of climate change. An increase in population also
boosts the demand for lock-in amplifiers.
- The
lock-in amplifier market in Europe and North America is expected to expand
at a substantial rate during the forecast period due to the rising
prevalence of skin-related ailments. The skin diagnostics rate is high as
the aging population ratio is also high.
- On
the other hand, the market in Middle East & Africa and South America
is estimated to expand at a moderate pace during the forecast period.
Key Players Operating in the Global Lock-In Amplifier
Market
The global lock-in amplifier market was highly fragmented in
2019. Major players operating in the global market are focusing on
technological advancements and expansion to meet the rising demand for lock-in
amplifiers. Moreover, manufacturers are undertaking mergers and acquisitions
for the development of innovative products.
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Key players operating
in the global lock-in amplifier market include:
- AMETEK,
Inc.
- Electro
Optical Components Inc.
- Anfatec
Instruments AG
- Femto
Messtechnik GmbH
- NF
Corporation
- Stanford
Research Systems Inc.
- Tydex
Optics
- Zurich
Instruments
- Liquid
Instruments
- Others
Global Lock-In Amplifier Market: Research Scope
Global Lock-in Amplifier Market, by Type
- Digital
Lock-in Amplifiers
- Analog
Lock-in Amplifier
Global Lock-in Amplifier Market, by Application
- Laboratory
- Semiconductor
- Healthcare
- Industrial
- Others
This study by TMR is all-encompassing framework of the dynamics
of the market. It mainly comprises critical assessment of consumers' or
customers' journeys, current and emerging avenues, and strategic framework to
enable CXOs take effective decisions.
Our key underpinning
is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
- Customer Experience
Maps
- Insights
and Tools based on data-driven research
- Actionable Results
to meet all the business priorities
- Strategic
Frameworks to boost the growth journey
The study strives to evaluate the current and future growth
prospects, untapped avenues, factors shaping their revenue potential, and
demand and consumption patterns in the global market by breaking it into
region-wise assessment.
The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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