Spectrum analyzer is the most popular and versatile of all measurement tools, which measures the magnitude of an input signal versus frequency. Its major use is to measure the power of the spectrum of known and unknown signals. Powerful measurement and analysis capabilities of these analyzers are some key drivers for market growth. Wired spectrum analyzer is the leading segment in the global market, and is expected to maintain this trend throughout the forecast period. However, wireless spectrum analyzer segment is expected to witness significant growth in the future, as they are more useful in on-the-spot troubleshooting application for in-depth spectrum analysis.
According to a new report published by Allied Market Research, titled,“Spectrum Analyzer Market by Product, Network Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2017 – 2023,”the spectrum analyzer market accounted for $1,068 million in 2016, and is expected to reach $1,813 million by 2023, growing at a CAGR of 7.7% from 2017 to 2023. In 2016, Asia-Pacific dominated the global market, in terms of revenue, accounting for more than 37% share of the global market, followed by North America.
Spectrum analyzers are widely used for measuring and analyzing the frequency spectrum of RF and microwave signals and are important tools for RF design development, test laboratories, and field service applications. Spectrum analyzer’s ability to make built-in, one-button power measurements, and application-specific software enabling one-button measurements of general-purpose applications, flexible digital modulation analysis, and power/digital modulation measurements for wireless communications applications are expected to provide attractive opportunities to spectrum analyzer market in the near future.
Asia-Pacific is expected to maintain its dominance throughout the forecast period, owing to the presence of key companies. Moreover, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period, owing to increase in the presence of several emerging nations with high share in the consumer electronics market and well-established semiconductor industry.
Key Findings of the Spectrum Analyzer Market:
- In 2016, the benchtop spectrum analyzer segment dominated the global spectrum analyzer market, in terms of revenue, and is projected to grow at a CAGR of 7.0% during the forecast period.
- The wireless network technology segment is projected to grow at a CAGR of 9.0%.
- The automotive & transportation segment is expected to exhibit the highest CAGR during the forecast period.
- Advantest Corporation
- Teledyne Lecroy
- Fortive Corporation
- Yokogawa Electric Corporation
- Anritsu Corporation
- Rohde & Schwarz GmbH & Co., Kg.
- National Instruments Corporation
- Keysight Technologies
- Giga-tronics Incorporated
- B&K Precision Corporation
The Other Players in the Value Chain Include (profiles not included in the report):
- Cobham PLC.
- Avcom of Virginia Inc.
- Stanford Research Systems, Inc.
- Bird Technologies