Market Research Future (MRFR) asserts that the global spectrum analyzer market has the potential to rise by 8.2% CAGR during the forecast period (2019-2023), garnering a value of USD 1,758.1 million by the end of 2023. The extensive use of spectrum analyzer across end-user industries is encouraging the growth of the market. A spectrum analyzer can be described as an electronic device which is generally used to display variations in the signal strength. It has a close resemblance with an oscilloscope and are extensively used for study and research purposes in the laboratories and universities for manufacturing, designing, and repairing of electronic equipment.
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The top players operating in the spectrum analyzer market comprises Fortive Corporation (US), Rohde & Schwarz GmbH & Co., Kg (Germany), Advantest Corporation, Anritsu Corporation (US), Giga-Tronics Incorporated (US), Cobham PLC (UK), National Instruments Corporation (US), Yokogawa Electric Corporation (Japan), and LP Technologies Inc (US).
The global spectrum analyzer market has been segmented on the basis of the frequency range, type, end-user, and form factor.
By mode of type, the global spectrum analyzer market has been segmented into vector signal spectrum analyzer, swept-tuned spectrum analyzer, and real-time spectrum analyzer.
By mode of the frequency range, the global spectrum analyzer market has been segmented into less than 6 GHz, 6–18 GHz, and more than 18 GHz. Among these, more than 18 GHz frequency range is likely to gain prominence. It is also referred to as a super-high frequency range. In most of the high-end industries like IT & telecommunication and defense, testing and measurement systems of a high-frequency range are extensively used.
By mode of form factor, the global spectrum analyzer market has been segmented into portable and benchtop.
By mode of end-users, the global spectrum analyzer market has been segmented into aerospace & defense, automotive, healthcare, IT & telecommunication, energy & utilities, and semiconductor & electronics. Among these, the IT & telecommunication segment is likely to gain prominence. The spectrum analyzer has a huge growth opportunity in this end-user segment. Considering the demand and growth in the field of IT & telecommunication, it is necessary to develop an infrastructure to fulfill the needs of advanced technologies like LTE-A, LTE, 4G, and 5G.
Geographically, the Spectrum Analyzer Market span across regions namely, Europe, North America, Asia-Pacific, and Rest-of-the-World (RoW).
Considering the global scenario, the Asia Pacific region is likely to acquire the largest share in the global market and will retain its position in the long run. The growth can be credited to the surging proliferation of spectrum analyzers especially in nations like India, China, and South Korea. The increasing demand for spectrum analyzers among automotive manufacturers and consumer electronics companies are further helping the regional market to expand. This has resulted in companies to invest in the development of high-frequency spectrum analyzers.
Market Potential and Pitfalls
Spectrum analyzers are extensively used for designing and electronic repairing and perform on radio frequencies. They also play an integral role in the integration process of spectrum analyzers. Such factors are likely to contribute to the global market across the globe. They are considered one of the most crucial instruments used in any electronic laboratory. Spectrum analyzers serve various purposes in signal analysis in a range of applications like video, audio, radar, communications, and other designs, which influences the market growth during the appraisal period. The surging demand for wireless technology among the consumers is anticipated to assist the market growth in the long run. The advancement in frequency & bandwidth, multitasking feature, and growing acceptance of portable & handheld spectrum analyzers are some of the top factors propelling the market growth worldwide. Moreover, with the widespread operation of the long-term evolution service, the market for spectrum analyzer is anticipated to flourish.
On the contrary, the spectrum analyzer market is refrained by the high cost of the specialized spectrum analyzers. The surging awareness associated with the expenses of spectrum analyzers among the organizations has further driven scrutiny from controllers and financial directors across industries. This has resulted in companies to implement strategies in order to manage the costs of the equipment. Companies have also initiated opting for several acquisition means which includes leasing and rental services for spectrum analyzers. On a brighter note, the cost is reduced with the introduction of affordable oscilloscopes which comes in-built with spectrum analyzer capability. This is likely to create new opportunities for the market growth.
May 01, 2019: B&K Precision has recently announced their next evolution of RF test equipment, The New 2680 Series of Spectrum Analyzers. The series comprises a 2D spectrum monitor, pre-amplifier, and advanced measurements like adjacent channel power, channel power, and occupied bandwidth.
LIST OF TABLES
Table 1 Global Spectrum Analyzer Market, By Type, 2019–2023
Table 2 Global Spectrum Analyzer Market, By Frequency Range, 2019–2023
Table 3 Global Spectrum Analyzer Market, By Form Factor, 2019–2023
Table 4 Global Spectrum Analyzer Market, By Region, 2019–2023
Table 5 North America: Spectrum Analyzer Market, By Country, 2019–2023
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LIST OF FIGURES
FIGURE 1 Global Spectrum Analyzer Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Spectrum Analyzer Market
FIGURE 4 Value Chain Of Global Spectrum Analyzer Market
FIGURE 5 Share Of Global Spectrum Analyzer Market In 2017, By Country (In %)
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