Broad Scale Application to Drive Spectrum Analyzer Market Growth
An instrument that measures the magnitude of an input signal against the full range of frequency range of the instrument is called spectrum analyzer. The main function of a spectrum analyzer is to measure the power known and unknown signals of the spectrum. A spectrum analyzer generally measures electrical input. However, an appropriate transducer converts other signals, such as optical light waves and acoustic pressure waves. Some types of spectrum analyzers use direct optical techniques, for example, monochromators to take measurements. Power, dominant frequency, harmonics, distortion, bandwidth, and other spectral components of electric signals are easily detected by spectrum analyzers that are not easily detectable in time-domain waveforms. These parameters are crucial in the characterization of electronic devices, for example, wireless transmitters. Spectrum analyzers are extensively used across different sectors, such as aerospace & defense, automotive, healthcare, IT & telecommunication, energy & utilities, semiconductor, and electronics. Market Research Future (MRFR), states that the global market of spectrum analyzer due to large scale application is expected to expand at 8.2% CAGR during the forecast period (2017 to 2023). MRFR has predicted an escalation in the market value from USD 1,125.1 million in 2017 to USD 1,758.1 million by 2023.
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Operational Feasibility to Support Spectrum Analyzers Across Industries
Start, stop, and center frequency opportunities are offered to users by most spectrum analyzers. The center frequency is used to the frequency range for start to stop frequencies. In the case of RF spectrum analyzer, it measures the “noise floor” to determine the proximity of two signals that at the same time, is being segregated into two separate peaks. A spectrum analyzer is used in a wireless transmitter to determine its compliance with federally defined standards for emissions purity. It is also used to analyze the bandwidth of an analog or digital signal.
Availability of Different Technologies for Spectrum Analyzers to Win High Profits
Swept or superheterodyne is the traditional spectrum analyzer. Over the years, it formed the mainstay of spectrum analysis. In current times, the increase in the sale of their digital version is gaining high revenue for the market. Digital FFT spectrum analyzer is fast and offers a high degree of accuracy over traditional analyzers. The PXI spectrum analyzer is used in test instruments, and for data acquisition and control. The cost-effectiveness of a USB spectrum analyzer is boosting its sales. A handheld spectrum analyzer is used in field service applications where wireless transmission requires monitoring. An audio analyzer is focused on analyzing audio spectra. Different type of spectrum analyzer is used for different purposes.
The key players in the Spectrum Analyzer Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Keysight Technologies (US), Rohde & Schwarz GmbH & Co., Kg (Germany), Fortive Corporation (US), Anritsu Corporation (US), Advantest Corporation, Cobham PLC (UK), Giga-Tronics Incorporated (US), Yokogawa Electric Corporation (Japan), National Instruments Corporation (US), and LP Technologies Inc (US). These players contribute a major proportion towards market growth.
Apart from the top key players, the other players contribute nearly 30–35 % in the spectrum analyzer market. These include Innovative Aaronia AG (Germany), Aim-TTi (UK), B&K Precision (US), Berkeley Nucleonics Corporation (US), Narda Safety Test Solutions (US), SAF Tehnika (Latvia), Saluki Technology (Taiwan), Signal Hound (US), Tektronix, Inc. (US), Transcom Instruments (China), Triarchy Technologies (Canada), Viavi Solutions (US), AR Modular RF (US) and others.
Large-Scale Application of Spectrum Analyzer to Surge Market
In the research and development field, the adoption of a spectrum analyzer is increasing due to surge in analytical activities. Several projects are being conducted on the development and launch of new medicines. The need for the identification of new drug moiety is creating the need for spectrum analysis. Hence, the global market of a spectrum analyzer is expected to push its market growth in the years to come. In the healthcare industry, spectrum analyzers are used in diagnostics. The increase in patient number due to declination in quality of living is rising the need for effective diagnostics, thereby causing a hike in the sale number of spectrum analyzer integrated test instruments. In the education sector, the growing number of laboratory activities is encouraging the adoption of spectrum analyzers in schools and colleges. This is can propel the market of spectrum analyzer The cash-rich automobile industry is another high end-user of spectrum analyzers. Thus, increase the production demand of automobiles is noted to press the need for spectrum analyzers. The large-scale application of spectrum analyzers is expected to push its market growth.
LIST OF TABLES
Table 1 Global Spectrum Analyzer Market, By Type, 2018–2023
Table 2 Global Spectrum Analyzer Market, By Frequency Range, 2018–2023
Table 3 Global Spectrum Analyzer Market, By Form Factor, 2018–2023
Table 4 Global Spectrum Analyzer Market, By Region, 2018–2023
Table 5 North America: Spectrum Analyzer Market, By Country, 2018–2023
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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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