What Has Been The Evolution of the Spectrum Analyzers Market in Recent Years?
The spectrum analyzers market has seen considerable growth due to a variety of factors.
• The market size for spectrum analyzers has seen robust growth in recent times. It is projected to increase from $1.73 billion in 2024 to $1.87 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.4%.
The historic period's growth is due to an increased growth in the electronics sector, rising need for wireless spectrum analyzers with multi-functionality, swift industrial growth and comprehensive research and development activities, expanding digital platforms, and high demand for used spectrum analyzers.
How Will the Spectrum Analyzers Market?
The spectrum analyzers market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for spectrum analyzers is predicted to experience significant growth, reaching a value of $2.45 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 6.9%.
The projected growth over the forecast period can be associated with the escalating demand for wireless communication systems, a boost in enthusiasm for 5G technology, and a rise in the number of smartphone users. Additionally, there's a growing need for spectrum analyzers in defense and an intensified demand in the automotive and consumer electronics sectors. Key trends predicted throughout this period include progress in IoT and wireless communication, the emergence of software-defined spectrum analyzers, technological innovations, advancements in telecommunication technologies, the rolling out of the 5G network and breakthroughs in spectrum analyzer technology.
Which Factors Are Boosting Growth In The Spectrum Analyzers Market?
The growth of the spectrum analyzers market is anticipated to be fueled by the escalating quantity of smartphone users. A smartphone symbolizes a versatile mobile gadget that blends telecommunication functions with internet access, apps, and a touchscreen interface. The burgeoning count of smartphones is propelled by the escalating customer need for connectivity, as well as the spread of dynamic features that transform them into crucial tools for communication, productivity, and entertainment. Spectrum analyzers are utilized in smartphones to competently manage and maximize wireless communication by scrutinizing and identifying the most beneficial frequency bands, which guarantees reliable and excellent quality connectivity. For example, Uswitch Limited, a UK-based company specializing in price comparison and switching services, reported in February 2023, that mobile connections in the UK experienced a 3.8% rise (approximately 2.6 million) from 2021, reaching 71.8 million. The UK population is set to increase to 68.3 million by 2025, with an anticipated 95% (or approximately 65 million individuals) being smartphone owners. Consequently, the rising number of smartphone users is spearheading the growth of the spectrum analyzers market.
What Key Areas Define The Segmentation Of The Global Spectrum Analyzers Market?
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
Subsegments:
1) By Swept-Tuned Spectrum Analyzer: Analog Swept-Tuned Spectrum Analyzers, Digital Swept-Tuned Spectrum Analyzers
2) By Radio Frequency Tuning Method: Superheterodyne RF Spectrum Analyzers, Direct Sampling RF Spectrum Analyzers
3) By Super Heterodyne: Traditional Superheterodyne Spectrum Analyzers, Digital Superheterodyne Spectrum Analyzers
4) By Vector Signal Spectrum Analyzer: Vector Signal Modulated Signals, Vector Signal Wideband Signal Analysis
5) By Real-Time Spectrum Analyzer: Real-Time Spectrum Analyzers, Real-Time Analyzers with Frequency
6) By Fast Fourier Transform (FFT): FFT-based Spectrum Analyzers for Signal Processing, FFT-based Analyzers for Time and Frequency Domain Analysis
7) By Parallel Filter Analyzer: Parallel Filter-Based Spectrum Analyzers, Multi-Channel Parallel Filter Analyzers
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How Are Emerging Trends Reshaping The Dynamics Of The Spectrum Analyzers Market?
Key players in the spectrum analyzers market are focusing on creating cutting-edge products like handheld spectrum analyzers for a variety of measuring and analytical tasks. These handheld devices are utilized for analyzing and enhancing RF signals in wireless networks, resolving interference issues, and ensuring industry-wide regulatory compliance. An example is Anritsu Corporation, a Japanese firm specializing in electronic systems, which in February 2023 released the field master MS2070A. This handheld RF spectrum analyzer is customized for diverse RF testing, functioning from 9 kHz to 3 GHz, and provides accurate readings in field, lab, and manufacturing settings, with swift sweep speeds reaching up to 32 GHz/s in setups with low noise. The device also includes smart measurements such as occupied bandwidth (OBW), channel power, and adjacent channel power (ACP).
Who Are the Key Players In The Spectrum Analyzers Market?
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
What Is The Most Dominant Region In The Spectrum Analyzers Market?
North America was the largest region in the spectrum analyzers market in 2024. 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.
