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 Research Future (MRFR) asserts that the global spectrum analyzer market has the potential to rise by 8.2% CAGR during the forecast period (2018-2023), garnering a value of $1,758.1 million by the end of 2023. The extensive use of spectrum analyzers across end-user industries is encouraging the growth of the market. A spectrum analyzer can be described as an electronic device which is generally used to display variations in signal strength. It has a close resemblance with an oscilloscope and is extensively used for study and research purposes in laboratories and universities for manufacturing, designing, and repairing electronic equipment.