Spectrum Analyzer Market Serves a Rainbow of Industries

An instrument that measures the magnitude of an input signal against the full range of frequency range of the instrument is called spectrum analyzer. The main function of a spectrum analyzer is to measure the power of known and unknown signals of the spectrum. A spectrum analyzer generally measures electrical input. However, an appropriate transducer converts other signals, such as optical light waves and acoustic pressure waves.

Test and Measurement Equipment Market Modernizing

The overall test and measurement equipment market is expected to grow from USD 25.7 billion in 2018 to USD 32.3 billion by 2024, at a CAGR of 3.90% during the forecast period. The market is growing due to the increasing demand for this equipment in end-use sectors, such as automotive & transportation, aerospace & defense, IT & telecommunications, education & government, semiconductor & electronics, industrial, and healthcare.