The spectrum analyzers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Spectrum Analyzers Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The spectrum analyzers market size has grown strongly in recent years. It will
grow from $1.59 billion in 2023 to $1.73 billion in 2024 at a compound annual
growth rate (CAGR) of 8.7%. The growth
in the historic period can be attributed to significant growth in the
electronics industry, growing demand for wireless spectrum analyzers with
multi-tasking capabilities, rapid industrialization and extensive research and
development activities, growing digital platforms, the high demand for
second-hand spectrum analyzer.
The spectrum analyzers market size is expected to see strong growth in the next
few years. It will grow to $2.29 billion in 2028 at a compound annual growth
rate (CAGR) of 7.3%. The growth in the
forecast period can be attributed to the increasing demand for wireless
communication systems, increasing demand for 5g technology, the increasing
number of smartphone users, increasing demand for spectrum analyzers in
defense, stronger demand for automotive and consumer electronics. Major trends
in the forecast period include advancements in IoT and wireless communication,
the rise of software-defined spectrum analyzers, technological advancements,
advancements in telecommunications technology, 5G network deployment and
spectrum analyzer advancements.
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Scope Of Spectrum Analyzers Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Spectrum Analyzers Market Overview
Market Drivers -
The increasing number of smartphone users is expected to propel the growth of
the spectrum analyzers market going forward. A smartphone is a multifunctional
mobile device that combines telecommunication capabilities with features such
as internet access, apps, and a touchscreen interface. The increasing number of
smartphones is driven by rising consumer demand for connectivity, and the
proliferation of versatile features, making them essential tools for
communication, productivity, and entertainment. Smartphones use spectrum
analyzers to efficiently manage and optimize wireless communication by
analyzing and selecting the most suitable frequency bands, ensuring reliable
and high-quality connectivity. For instance, in February 2023, according to
Uswitch Limited, a UK-based price comparison and switching service company,
there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6
million) increase over 2021. The UK population is expected to grow to 68.3
million by 2025, of which 95% (or around 65 million individuals) will own a
smartphone. Therefore, the increasing number of smartphone users is driving the
growth of the spectrum analyzers market.
Market Trends -
Major companies operating in the spectrum analyzers market are focused on
developing innovative products such as handheld spectrum analyzers for various
measurement and analysis tasks. Handheld spectrum analyzers are used for
analyzing and optimizing RF signals in wireless networks, troubleshooting
interference, and ensuring compliance with regulatory standards across
industries. For instance, in February 2023, Anritsu Corporation, a Japan-based
corporation that manufactures electronic systems, launched the field master
MS2070A, a handheld RF spectrum analyzer tailored for versatile RF testing,
operates from 9 kHz to 3 GHz, delivering precise measurements in field, lab,
and manufacturing environments with rapid sweep speeds of up to 32 GHz/s in
low-noise setups. Its capabilities encompass intelligent measurements such as occupied
bandwidth (OBW), channel power, and adjacent channel power (ACP).
The spectrum analyzers market covered in this report is segmented –
1) By Type: Swept-Tuned Spectrum Analyzer, Radio Frequency Tuning Method, Super
Heterodyne, Vector Signal Spectrum Analyzer, Real-Time Spectrum Analyzer, Fast
Fourier Transform (FFT), Parallel Filter Analyzer
2) By Offering: Product, Software
3) By Network Technology: Wired, Wireless
4) By Frequency Range: Less Than 6 GHz, 6 GHz To 18 GHz, More Than 18 GHz
5) By End-User Industry: Automotive And Transportation, Aerospace And Defense,
Information Technology And Telecommunication, Medical And Healthcare, Semiconductors
And Electronics, Industrial And Energy, Other End-User Industries
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Regional Insights -
North America was the largest region in the spectrum analyzers market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the spectrum analyzers market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the spectrum analyzers market are Yokogawa
Electric Corporation, Fortive Corporation, Tektronix Inc., Teledyne Technologies
Inc., Keysight Technologies Inc., Advantest Corporation, Rohde and Schwarz GmbH
and Co. KG, Cobham PLC, National Instruments Corporation, Viavi Solutions Inc.,
CRFS Ltd., Anritsu Corporation, Chroma ATE Inc., GW Instek, Rigol Technologies
Inc., SAF Tehnika, Giga-tronics Incorporated, Aaronia AG, Stanford Research
Systems, Berkeley Nucleonics Corp., Aim and Thurlby Thandar Instruments, B and
K Precision Corp., Avcom of Virginia Inc., LP Technologies Inc., Signal Hound,
AFJ Instruments Srl
Table of Contents
1. Executive Summary
2. Spectrum Analyzers Market Report Structure
3. Spectrum Analyzers Market Trends And Strategies
4. Spectrum Analyzers Market – Macro Economic Scenario
5. Spectrum Analyzers Market Size And Growth
…..
27. Spectrum Analyzers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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