Spectrum Analyzer Market Looks at Rainbow of Opportunities

  • Spectrum Analyzer Market Research, By Type (Swept Tuned Spectrum Analyzer, Vector Signal Spectrum Analyzer, Real-Time Spectrum Analyzer), Frequency Range (Less than 6 GHz, 6–18 GHz, More than 18 GHz), Form Factor, End-User — Global Forecast till 2023

A spectrum analyzer is an electronic device that is used to display variations in the signal strength. Spectrum analyzers have a close resemblance to oscilloscopes. Spectrum analyzers are used for research and study purposes in universities and laboratories and for designing, manufacturing, or repairing electronic equipment.

Market Synopsis

The global spectrum analyzer market was valued at $1,125.1 million in 2017 and is expected to reach $1,758.1 million by the end of the forecast period with a CAGR of 8.2%.

Higher demand of spectrum analyzers among the consumer electronics companies and automotive manufacturers is helping the market grow.

Spectrum analyzers are ordered in bulk, due to which the buyers’ concentration is high. Spectrum analyzer manufacturing involves various components such as probes, function generators, control systems, display units, and storage memory. The manufacturers of spectrum analyzers play a vital role in manufacturing these equipment for testing and maintenance of electronic devices. These component manufacturer provide enhanced spectrum analyzers for automotive parts testing, computer peripherals testing, battery-based telecom equipment, and others.

However, the spectrum analyzer market is refrained by high cost of specialized spectrum analyzers. The rising awareness about expenses related to spectrum analyzers among organizations of varied sizes has driven scrutiny from financial directors and controllers across different industries. This has led companies to devise strategies to manage the costs of the equipment better. Companies have started opting for different acquisition means, including rental and leasing services for spectrum analyzers.

Segmentation

The global Spectrum Analyzer Market is segmented into type, frequency range, form factor, end-user, and region.

By type, the market is segmented into swept tuned spectrum analyzer, vector signal spectrum analyzer, and real-time spectrum analyzer.

By frequency range, the market is segmented into less than 6 GHz, 6–18 GHz, and more than 18 GHz. By form factor, the market is segmented into portable and benchtop. By end-user, the market is segmented into automotive, aerospace & defense, IT & telecommunication, healthcare, semiconductor & electronics, and energy & utilities. By region, the spectrum analyzer market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

Due to high costs, companies have started opting for different acquisition means, including rental and leasing services for spectrum analyzers.

Key Players

The key players in the spectrum analyzer market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Keysight Technologies (US), Rohde & Schwarz GmbH & Co., Kg (Germany), Fortive Corporation (US), Anritsu Corporation (US), Advantest Corporation, Cobham PLC (UK), Giga-Tronics Incorporated (US), Yokogawa Electric Corporation (Japan), National Instruments Corporation (US), and LP Technologies Inc (US). These players contribute a major proportion towards market growth.

Apart from the top key players, the other players contribute nearly 30–35 % in the spectrum analyzer market. These include Innovative Aaronia AG (Germany), Aim-TTi (UK), B&K Precision (US), Berkeley Nucleonics Corporation (US), Narda Safety Test Solutions (US), SAF Tehnika (Latvia), Saluki Technology (Taiwan), Signal Hound (US), Tektronix Inc. (US), Transcom Instruments (China), Triarchy Technologies (Canada), Viavi Solutions (US), AR Modular RF (US) and others.

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Regional analysis

The global spectrum analyzer market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of spectrum analyzer market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

Asia-Pacific holds the largest market share in global spectrum analyzer market. This growth is attributed to the growing penetration of spectrum analyzers in countries such as China, India, and South Korea. Moreover, the higher demand of spectrum analyzers among the consumer electronics companies and automotive manufacturers is helping the market grow. This has further led the companies to invest in development of high frequency spectrum analyzers. Spectrum analyzers are used for testing purposes by electronic component manufacturers operating regionally and globally.

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