Overview and Scope
A spectrum analyzer refers to an electronic device that measures and displays the amplitude of a signal as a function of its frequency within a specified frequency range. It is used to analyze the frequency content of electrical signals such as radio-frequency (RF) signals, and to determine the power and other spectral components of a signal.
Sizing and Forecast
The spectrum analyzers market size has grown strongly in recent years. It will grow from $1.59 billion in 2023 to $1.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to significant growth in the electronics industry, growing demand for wireless spectrum analyzers with multi-tasking capabilities, rapid industrialization and extensive research and development activities, growing digital platforms, the high demand for second-hand spectrum analyzer.
The spectrum analyzers market size is expected to see strong growth in the next few years. It will grow to $2.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the increasing demand for wireless communication systems, increasing demand for 5g technology, the increasing number of smartphone users, increasing demand for spectrum analyzers in defense, stronger demand for automotive and consumer electronics. Major trends in the forecast period include advancements in IoT and wireless communication, the rise of software-defined spectrum analyzers, technological advancements, advancements in telecommunications technology, 5G network deployment and spectrum analyzer advancements.
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Segmentation & Regional Insights
The spectrum analyzers market covered in this report is segmented –
1) By Type: Swept-Tuned Spectrum Analyzer, Radio Frequency Tuning Method, Super Heterodyne, Vector Signal Spectrum Analyzer, Real-Time Spectrum Analyzer, Fast Fourier Transform (FFT), Parallel Filter Analyzer
2) By Offering: Product, Software
3) By Network Technology: Wired, Wireless
4) By Frequency Range: Less Than 6 GHz, 6 GHz To 18 GHz, More Than 18 GHz
5) By End-User Industry: Automotive And Transportation, Aerospace And Defense, Information Technology And Telecommunication, Medical And Healthcare, Semiconductors And Electronics, Industrial And Energy, Other End-User Industries
Top 5 Major Players:
- Yokogawa Electric Corporation,
- Fortive Corporation,
- Tektronix Inc.,
- Teledyne Technologies Inc.,
- Keysight Technologies Inc
North America was the largest region in the spectrum analyzers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spectrum analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing number of smartphone users is expected to propel the growth of the spectrum analyzers market going forward. A smartphone is a multifunctional mobile device that combines telecommunication capabilities with features such as internet access, apps, and a touchscreen interface. The increasing number of smartphones is driven by rising consumer demand for connectivity, and the proliferation of versatile features, making them essential tools for communication, productivity, and entertainment. Smartphones use spectrum analyzers to efficiently manage and optimize wireless communication by analyzing and selecting the most suitable frequency bands, ensuring reliable and high-quality connectivity. For instance, in February 2023, according to Uswitch Limited, a UK-based price comparison and switching service company, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smartphone. Therefore, the increasing number of smartphone users is driving the growth of the spectrum analyzers market.
Key Industry Players
Major companies operating in the spectrum analyzers market are Yokogawa Electric Corporation, Fortive Corporation, Tektronix Inc., Teledyne Technologies Inc., Keysight Technologies Inc., Advantest Corporation, Rohde and Schwarz GmbH and Co. KG, Cobham PLC, National Instruments Corporation, Viavi Solutions Inc., CRFS Ltd., Anritsu Corporation, Chroma ATE Inc., GW Instek, Rigol Technologies Inc., SAF Tehnika, Giga-tronics Incorporated, Aaronia AG, Stanford Research Systems, Berkeley Nucleonics Corp., Aim and Thurlby Thandar Instruments, B and K Precision Corp., Avcom of Virginia Inc., LP Technologies Inc., Signal Hound, AFJ Instruments Srl
The spectrum analyzers market report table of contents includes:
1. Executive Summary
2. Spectrum Analyzers Market Characteristics
3. Spectrum Analyzers Market Trends And Strategies
4. Spectrum Analyzers Market – Macro Economic Scenario
5. Global Spectrum Analyzers Market Size and Growth
….
32. Global Spectrum Analyzers Market Competitive Benchmarking
33. Global Spectrum Analyzers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Spectrum Analyzers Market
35. Spectrum Analyzers Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Spectrum Analyzers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Spectrum Analyzers Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Spectrum Analyzers Market, Segmentation By Network Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 76: Yokogawa Electric Corporation Financial Performance
Table 77: Fortive Corporation Financial Performance
Table 78: Tektronix Inc. Financial Performance
Table 79: Teledyne Technologies Inc. Financial Performance
Table 80: Keysight Technologies Inc. Financial Performance
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