A spectrum analyzer is a measuring instrument that displays an electrical signal according to frequency of the electrical signal. Each frequency component contained in the input signal is displayed as a signal level corresponding to that frequency. The spectrum analyzer measures amplitude of an input signal against frequency within the full frequency range of the instrument. With the advent of digital technologies, modern spectrum analyzers possess enhanced functionality along with added capabilities. In addition to this, increasing use of spectrum analyzers in different end-use industries such as electronics & semiconductor, IT & telecommunication, and aerospace & defense drives the global spectrum analyzer market. The global spectrum analyzer market is anticipated to reach value of US$ 2,439.8 Mn by 2026 from US$ 1207.5 Mn in 2017, expanding at a CAGR of 7.8% during the forecast period.
The global spectrum analyzer market has been broadly segmented based on type, form factor, frequency range, end-use industry, and region. Based on type, the market has been divided into swept spectrum analyzer, real-time spectrum analyzer, vector signal analyzer, and others. Based on form factor, the market has been classified into handheld, portable, benchtop, and others.
Furthermore, in terms of frequency range, the market has been segmented into less than 6 GHz, 6GHz to 18 GHz, and more than 18 GHz. In terms of end-use industry, the market has been divided into electronics & semiconductor, IT & telecommunication, aerospace & defense, automotive & transportation, health care, and others. In terms of region, the global spectrum analyzer market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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The swept spectrum analyzer segment holds a major share of the global spectrum analyzer market and it is expected to continue its dominance during the forecast period. Introduction of new wireless spectrum analyzers is driving the market. However, the market faces challenges, due to high costs of spectrum analyzers. High cost of spectrum analyzers is attributable to their advanced, complex features as well as technologies implemented to test and measure complex signals. Increasing implementation of 5G and LTE technologies is expected to provide significant opportunities to the spectrum analyzer market in the near future.
The spectrum analyzer market in North America has been divided into the U.S., Canada, and Rest of North America. Furthermore, the market in Europe has been segmented into Germany, the U.K., France, and Rest of Europe. The market in Asia Pacific has been classified into China, India, Japan, Australasia, and Rest of Asia Pacific. Middle East & Africa comprises GCC, South Africa, and Rest of Middle East & Africa. Similarly, South America includes Brazil and Rest of South America. The report provides all strategic information required to understand the spectrum analyzer market along with insights into market segments according to geographical regions mentioned above.
Global Spectrum Analyzer Market: Research Methodology
The research methodology is a perfect combination of primary research and secondary research. Secondary research sources include annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, World Bank database, and market-specific white papers.
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Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews of the spectrum analyzer market across geographies. Primary interviews are usually conducted on an ongoing basis with market experts and participants in order to obtain the latest market insights and validate the existing data and analysis. Primary interviews offer new information on important factors such as market trends, market size, competition landscape, and growth trends. These factors help validate and strengthen secondary research findings. Moreover, the data collected from secondary and primary research is discussed and examined by TMR’s expert panel.