Spectrum Analyzer Market Forecasts to 2028 – Global Analysis By Offering (Software, Product and Other Offerings), Analyzer Type, Frequency Range, Form Factor, Network, End User and By Geography

Spectrum Analyzer Market Forecasts to 2028 – Global Analysis By Offering (Software, Product and Other Offerings), Analyzer Type, Frequency Range, Form Factor, Network, End User and By Geography

According to Stratistics MRC, the Global Spectrum Analyzer Market is accounted for $342.3 million in 2022 and is expected to reach $477.3 million by 2028 growing at a CAGR of 5.6% during the forecast period. Spectrum analyzers are the devices that shows signal amplitude in relation to signal frequency. Each frequency component contained in the input signal is displayed as a signal level corresponding to that frequency. Industries mostly uses it to monitor radio frequencies and audio signals. It is one of the most crucial tools in any electrical laboratory. In a variety of applications, including audio, video, communications, radar, and many more designs, it fulfils a number of functions in signal analysis. It is applied in IT & telecommunication, medical and healthcare, energy & utilities and automotive sectors.

According to WHO, cardiovascular illnesses tend to be the leading cause of death worldwide and the usage of spectrum analyzer equipment in calibrating cardiac monitoring systems is anticipated to portend well for the market

Market Dynamics:

Driver:

Increasing investments by telecommunication sector

Spectrum analyzer technology is most commonly used in the telecommunications sector. A lot of attention is being paid to offering high-quality internet services through effective analyser utilisation. In order to provide better and more expensive services, the sector is quickly increasing expenditures in this category. Investments are rising as a result of rising costs and fierce rivalry, which is further accelerating market expansion.

Restraint:

Inefficient bandwidth

A spectrum analyzer usually measures the input signal versus frequency within the full frequency range of the instrument. Due to the inefficiency in bandwidth, the network becomes lossy and the efficiency falls rapidly. It gradually affects the potential output. The network becomes slower and less stable. All these elements are hampering the growth of the market.

Opportunity:

Growing deployment of 5G technology

The telecom business is rapidly changing as a result of the development of 5G technology. Spectrum is seen as the best choice for 5G since it can transmit data at high rates and across long distances. It avails much faster speeds. Compared to 4G, it has less latency, more capacity, and more bandwidth. The market's expansion is being fuelled by these network upgrades.

Threat:

High costs

The costs of spectrum analyzers have been rising due to the use of advanced and complex technologies for testing and measuring signals. Companies across the board have been trying to implement strategies to manage the costs of such equipment. Its cost is very higher as compared to the usual conventional analyzers. These factors are hindering the growth of the market.

Covid-19 Impact

The COVID-19 outbreak resulted in significant fluctuations in the market. The growing investments by governments to support scientific progress and infrastructure, coupled with the focus on R&D and automation, have significantly influenced the spectrum analyzer market. As the spectrum analyzers are applied in various end industries, the market got affected drastically. With the post pandemic, the market is facing steady growth.

The wireless network segment is expected to be the largest during the forecast period

The wireless network segment is estimated to have a lucrative growth, due to the improvements in frequency and bandwidth. It comprises multitasking capabilities. It generates a visual display of the network data of the surrounding channels. It permits the identification of sources of interference and noise that negatively affect the performance of the consumer’s network. The increased consumer adoption of portable and handheld spectrum analyzers is driving the growth of the segment.

The medical & healthcare segment is expected to have the highest CAGR during the forecast period

The medical & healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its visual representation. Basic tissue characteristics may be found by spectral analysis of ultrasonic reflections from biological tissues and it is used in differential diagnosis. It acts as signal generator in ECG, EEG and blood pressure monitors which is propelling the growth of the segment.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to its developing infrastructure and a growing population. The businesses are also being supported by the largely developing facilities. Growing population is causing this area to expand so dramatically. Due to the worldwide sales of automobiles and the emergence of key global manufacturing hubs in this region, the market growth is accelerating rapidly.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to its raising research and development. The market's expansion has been significantly aided by the growing use of portable and hand-held spectrum analyzers for measurement across several industries in this region. The increasing demand and investments in aerospace & defense and IT & telecommunication are also the main elements in propelling the market growth in this region.

Key players in the market

Some of the key players profiled in the Spectrum Analyzer Market include Yokogawa Electric Corporation, National Instruments Corporation, Advantest Corporation, Anritsu Corporation, Teledyne Lecroy Inc, Avcom of Virginia Inc, B&K Precision Corporation, LP Technologies Inc, Cobham Plc, Stanford Research Systems Inc, Rohde & Schwarz Gmbh & Co, Keysight Technologies Inc, Giga Tronics Incorporation, Bandk Precision Corporation, Fortive Corporation, VIAVI Solutions Inc, GSAS Micro Systems Private Limited, Breeze Technologies, Eaton and Sartorius AG.

Key Developments:

In January 2023, Yokogawa Electric Corporation announced that it has made a US$10 million Series B investment* in Ideation3X Pvt Ltd, a Singapore-based venture company that is targeting the rapidly expanding integrated solid waste management (ISWM) sector in India with a process that adopts a circular economy approach. The two companies have also signed a business collaboration agreement. With this investment in the high-growth ISWM field, Yokogawa aims to develop its business in the Indian market.

In October 2022, Intelligent power management company Eaton announced the North American launch of its Open Compute Project (OCP) Open Rack v3 (ORV3) compatible solutions. This new technology is purposefully designed and preconfigured to allow for the efficient, scalable delivery of critical power for data centre customers seeking to deploy ORV3 racks. These solutions are comprised of racks, busbars, power cords and power shelves built to the latest OCP standards

In June 2022, Keysight Technologies, Inc has launched the new PathWave Advanced Design System (ADS) 2023, an integrated design and simulation software that rapidly addresses increasing design complexity and higher frequencies in the radio frequency (RF) and microwave industry.

Offerings Covered:
• Software
• Product
• Other Offerings

Analyzer Types Covered:
• Swept Tuned Analyzer
• Rf Tuning Analyzer
• Super Heterodyne Analyzer
• Vector Signal Analyzer
• Real Time Analyzer
• Fast Fourier Transform Analyzer
• Parallel Filter Analyzer
• Other Analyzer Types

Frequency Ranges Covered:
• <6 GHz
• 6 GHz-18 GHz
• >18 GHz
• Other Frequency Ranges

Form Factors Covered:
• Portable Spectrum Analyzer
• Handheld Spectrum Analyzer
• Benchtop Spectrum Analyzer
• Other Form Factors

Networks Covered:
• Wired Network
• Wireless Network
• Other Networks

End Users Covered:
• Automotive & Transportation
• Aerospace & Defense
• IT & Telecommunication
• Medical & Healthcare
• Semiconductors & Electronics
• Industrial & Energy Sector
• Educational Instititutes
• Government Sector
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements