Spectrum Analyzer Market Overview:
Global Spectrum Analyzer Market is expected to reach $1,813 million in 2023, from $1,068 million in 2016, growing at a CAGR of 7.7% from 2017 to 2023. Spectrum analyzers are used to analyze signal frequency and amplitude in logarithmic scale when the electric signal passes through the system, such as in real-time spectrum analyzer. Spectrum analyzers are used for manufacturing and designing purposes in the field services, repair of electrical devices to determine their performance, error detection, and troubleshooting errors.
Spectrum analyzers are one of the most important instruments in any electronic laboratory. It serves several purposes in signal analysis in a wide range of applications, such as audio, video, communications, radar, and many other designs. However, the price of spectrum analyzers is a prohibitive factor for some users. Furthermore, the cost is reduced due to introduction of new affordable oscilloscopes with built-in spectrum analyzer capability, which is expected to provide attractive opportunity for the spectrum analyzer market.
The global spectrum analyzer market is segmented based on product, network technology, end user, and geography. By product, it is classified into handheld spectrum analyzer, portable spectrum analyzer, and benchtop spectrum analyzer. In 2016, the benchtop spectrum analyzer segment dominated the global market, in terms of revenue, and is expected to maintain this trend throughout the forecast period, owing to its wide frequency range applications.
On the basis of end user, the market is categorized into automotive & transportation, IT & telecommunication, medical & healthcare, semiconductors & electronics, industrial & energy, aerospace & defense, and others. The semiconductors & electronics segment dominated the global market, in terms of revenue, and is expected to maintain this trend.
Geographically, Asia-Pacific is expected to dominate the spectrum analyzer market during the forecast period, due to established semiconductor & electronics industry in China & India and increase in adoption of this system in automotive & transportation industries. Moreover, widespread acceptance of spectrum analyzers in North America, owing to rise in investment in aerospace & defense and IT & telecommunication industry are expected to boost the market growth.
Competitive analysis and profiles of the major market players, such as Advantest Corporation, Teledyne Lecroy, Fortive Corporation, Yokogawa Electric Corporation, Anritsu Corporation, Rohde & Schwarz GmbH & Co., Kg., National Instruments Corporation, Keysight Technologies, Giga-tronics Incorporated, and B&K Precision Corporation are provided in this report.
Top Impacting Factors
- The study provides an in-depth analysis of the global spectrum analyzer market to elucidate the prominent investment pockets
- Current trends and future estimations are outlined to determine the overall market potential and single out profitable trends to gain a stronger foothold in the market
- The report provides information about key drivers, restraints, and opportunities their impact analyses
- The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA
Spectrum Analyzer Market Key Segments:
- Handheld Spectrum Analyzer
- Portable Spectrum Analyzer
- Benchtop Spectrum Analyzer
By Network Technology
By End User
- Automotive & Transportation
- IT & Telecommunication
- Medical & Healthcare
- Semiconductors & Electronics
- Industrial & Energy
- Aerospace & Defense
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- 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