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.
Segment Overview
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.
Market Segmentation
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.
Geographical Scenario
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.
Competition Analysis
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
Key Benefits
- 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 Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Network Technology |
|
 By END-USER |
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 By Geography |
|
 Key Market Players | NATIONAL INSTRUMENTS CORPORATION, YOKOGAWA ELECTRIC CORPORATION, FORTIVE CORPORATION, ANRITSU CORPORATION, TELEDYNE LECROY, ADVANTEST CORPORATION, ROHDE & SCHWARZ GMBH & CO., KG., GIGA-TRONICS INCORPORATED, B&K PRECISION CORPORATION INDUSTRIES, KEYSIGHT TECHNOLOGIES |
 Other Players in the Value Chain Include | Cobham PLC., Avcom of Virginia Inc., Stanford Research Systems, Inc., Bird Technologies |
Analyst Review
The global spectrum analyzer market is expected to witness a steady growth in the near future, owing to rise in demand for wireless devices and growth in semiconductor & electronic industry. Spectrum analyzer is extremely sensitive and particularly useful in mechanical and electrical technical measurements. It splits and measures incoming or transmitted signals and displays them according to their frequencies. Analysis of the spectral results is expected to help determine the physical and electrical performance of the item being measured and is essential in IT & telecommunication, medical & healthcare, semiconductors & electronics, industrial & energy, and aerospace & defense sector.
Rise in adoption of portable and handheld spectrum analyzers with multitasking feature and bandwidth & frequency advancement are the factors that drive the growth of the market. At present, the high demand for second-hand spectrum analyzer is one of the significant factors that impedes spectrum analyzer market. Asia-Pacific is the major revenue contributor to the global market, followed by North America. It is anticipated that the market growth in Europe and LAMEA is expected to significantly increase during the forecast period.
Key players in the spectrum analyzer market include 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.
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