USD 1.72 billion
Spectrum Analyzer Market Size, Share, Growth Analysis, By Offering (Product, Software), By Type (Swept-Tuned Spectrum Analyzer, Vector Signal Spectrum Analyzer), By Frequency Range (<6 GHz, 6 GHz–18 GHz), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2082 |
Region:
Global |
Published Date: December, 2024
Pages:
197
|Tables:
61
|Figures:
75
Spectrum Analyzer Market Insights
Spectrum Analyzer Market size was valued at USD 1.72 billion in 2022 and is poised to grow from USD 1.86 billion in 2023 to USD 3.53 billion by 2031, growing at a CAGR of 8.30% during the forecast period (2024-2031).
The growing demand for spectrum analyzers with multi-tasking capabilities is expected to drive global spectrum analyzer market growth. Other factors such as rising demand for portable spectrum analyzers, technological advancements in spectrum analyzers, the growing trend of wireless technology, and global advancements in frequency and bandwidth will propel the spectrum analyzer market during the forecast period.
The spectrum analyzer industry will provide users with new opportunities to create better equipment. With its multitasking capabilities, it will improve the efficiency of electrical components. Spectrum analyzers include a variety of components such as battery-powered equipment, computer peripherals, automotive part testing, and others. They also play an important role in the maintenance and testing of devices used in a variety of other industries.
The spectrum analyzer market is expected to register a CAGR of 8% over the forecast period. The increasing need for wireless technologies and increasing demand from the automobile sector for multitasking skills are expected to drive market growth. These analyzers serve various purposes in signal analysis for a wide range of applications such as audio, video, radar, communications, and other designs, which influences the market growth during the forecast period.
Consumers surging demand for wireless technology is responsible for the market's growth. The advancement in frequency and bandwidth, multitasking features, and growing acceptance of portable and handheld spectrum analyzers are some of the factors propelling the market growth.
US Spectrum Analyzer Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Software
Growth Rate
8.30% CAGR
Global Spectrum Analyzer Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Spectrum Analyzer Market Segmental Analysis
Global Spectrum Analyzer Market is segmented by Offering, Type, Frequency Range, Form Factor, Network Technology, End-User Industry, and Region. Based on Offering, the market is segmented into Product, Software. Based on Type, the market is segmented into Swept-Tuned Spectrum Analyzer, Vector Signal Spectrum Analyzer, Real-Time Spectrum Analyzer. Based on Frequency Range, the market is segmented into <6 GHz, 6 GHz–18 GHz, >18 GHz. Based on Form Factor, the market is segmented into Handheld Spectrum Analyzer, Portable Spectrum Analyzer, Benchtop Spectrum Analyzer. Based on Network Technology, the market is segmented into Wired Network Technology, Wireless Network Technology. Based on End-User Industry, the market is segmented into Automotive and Transportation, Aerospace & Defense, IT & Telecommunication, Medical & Healthcare, Semiconductors & Electronics, Industrial & Energy Sector, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Network Technology
As per the global spectrum analyzer market forecast, the wireless network technology segment is the dominant segment. With the adoption of millimeter-wave (mmWave) frequencies for 5G and other wireless applications, there is a growing need for spectrum analyzers capable of operating in the mmWave frequency bands. Spectrum analyzers with extended frequency coverage, high-resolution displays, and advanced signal processing capabilities enable accurate analysis and characterization of mmWave signals, facilitating the development and deployment of mmWave technologies. Rohde & Schwarz upgraded its R&S FSW signal and spectrum analyzer to 8.3 GHz internal analysis bandwidth in September 2020. The R&S FSW high-end signal and spectrum analyzer supports 8.3 GHz internal analysis bandwidth with the new R&S FSW-B8001 option.
The wired network technology segment also plays a crucial role in the global spectrum analyzer market share. Wired networks continue to be widely used in various industries, especially in critical infrastructure, data centers, and industrial environments despite the wireless growth. Spectrum analyzers for wired networks offer precise analysis of signal integrity, noise, and interference in wired communication systems. They are essential in maintaining reliable and high-speed data transmission over copper or fiber-optic cables. The wired segment caters to applications where wired connectivity is preferred or necessary due to factors such as security, stability, and bandwidth requirements.
Analysis by Offering
As per the global spectrum analyzer market analysis, the hardware segment dominates the market owing to the indispensable role of spectrum analyzer devices in signal analysis and measurement. These hardware-based analyzers offer advanced functionalities, high-performance capabilities and precise frequency analysis making them widely desirable by industries such as aerospace, telecommunications and electronics manufacturing. The hardware segment's established position can be attributed to the continuous demand for reliable and accurate spectrum analysis tools across diverse applications. Hardware is fundamental in spectrum analyzers, as it forms the physical core that enables signal detection, measurement, and analysis.
The software segment is experiencing rapid growth and is poised to gain a significant market share in the coming years. This growth is fueled by the increasing adoption of software-defined spectrum analyzers, which provide flexibility, scalability, and enhanced functionality. Software-based solutions offer advantages such as remote accessibility, real-time data analysis, and integration with other software systems, enabling users to optimize their spectrum analysis processes. As industries embrace digital transformation and seek more versatile and efficient solutions, the software segment is projected to witness substantial expansion. Software enables the visualization and analysis of complex data sets, offering features like signal demodulation, spectral analysis, and interference detection.
Global Spectrum Analyzer Market By Offering (%)
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Spectrum Analyzer Market Regional Insights
As per the global spectrum analyzer market outlook, the Asia-Pacific region is dominating and will register the highest growth during the forecast period. Major countries like India, China, Singapore, Japan, South Korea are the reason behind the rapid growth of this region. Along with that, the growing population and developing infrastructure further fuel the market. China is expected to hold the largest market share owing to China’s solid technological presence and manufacturing cluster catering to Asia. Further, Japan is expected to grow progressively owing to technological innovation in the network spectrum. Also, India is observed to have the highest CAGR owing to increasing investments in the expanding network infrastructure.
North America will also experience the second-highest growth owing to the already developed infrastructure presence of several market players. Along with that, the European region is also expected to have substantial growth during the forecast period. Several countries such as UK, France, Italy, Germany, etc. have the efficient infrastructure and this fact will further boost the market growth. North America has a significant market share fueled by technological advances and the strong presence of manufacturing players offering wireless technologies. The U.S. region is expected to grow substantially owing to the rising demand for high network and wireless connectivity in the technology and aerospace sector.
Global Spectrum Analyzer Market By Geography
- Largest
- Fastest
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Spectrum Analyzer Market Dynamics
Spectrum Analyzer Market Drivers
Increasing Demand for Wireless Communication Systems
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Spectrum analyzers have a dominant application in improving the capability, flexibility, and effectiveness of fiber optics and RF systems. The growing usage of wireless communication systems for better internet accessibility is driving the demand. Also, governments in developing countries are focusing on increasing investment in spectrum auctions to make available affordable internet, which is driving global spectrum analyzer market growth during the forecast period.
Rising Demand from Various End Use Industry
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The increasing use of spectrum analyzers in a variety of end-use industries highlights how essential they are for the progress of current technological infrastructure. Robust spectrum analyzers are essential for the efficient installation, optimization, and troubleshooting of complex, high-speed networks like 5G and the impending 6G in the telecommunications industry. This is to ensure that the networks fulfill regulatory and performance standards.
Spectrum Analyzer Market Restraints
Regulatory Challenges and Complexity in Operation
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Regulations over the spectrum industry are changing dynamically as the rising penetration of the internet in developing and developed countries has grown progressively. Moreover, the operation complexity has caused a significant hindrance to the dominant adoption of analyzers in telecom and network applications. The demand is growing steadily throughout the communication and networking industry due to flexibility and portability despite the challenges for analyzers.
Increased Cost of Advanced Spectrum Analyzers
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Increasing cost of advanced spectrum analyzers hampers market growth. High-end spectrum analyzers with advanced features and capabilities tend to carry significant price tags, making them economically restrictive for businesses, small and large organizations. High prices have limited the use of spectrum analyzers, especially in certain industries or industries where financial constraints are involved, hindering the overall potential growth of the market.
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Spectrum Analyzer Market Competitive Landscape
The spectrum analyzer market is highly competitive, with key players focusing on innovation, product differentiation and strategic synergies to maintain their market position. Leading companies such as Keysight Technologies, Rohde & Schwarz, Tektronix, and Anritsu dominate the market by offering advanced spectrum analyzers with features like wide frequency range, portability, and enhanced signal analysis capabilities. These companies, which dominate the market by offering advanced spectrum analyzers raise it, investing heavily in R&D to meet growing demand in sectors such as telecommunications, aerospace and defence. For example, the rise of 5G and IoT has created a demand for analyzers that can process complex high-frequency signals.
Top Player’s Company Profiles
- Keysight Technologies
- Rohde & Schwarz GmbH & Co., Kg
- Fortive Corporation
- Anritsu Corporation
- Advantest Corporation
- Cobham PLC
- Giga-Tronics Incorporated
- Yokogawa Electric Corporation
- National Instruments Corporation
- LP Technologies Inc
- Teledyne LeCroy, Inc.
- Avcom of Virginia, Inc.
- B&K Precision Corporation
- Stanford Research Systems, Inc.
Recent Developments
- March 2024 - Keysight Technologies and Capgemini successfully tested and validated NTN test cases in a system using 5G New Radio (NR), Central Unit (CU), and Distributed Unit (DU) supporting NTN services.
- August 2022 - Yokogawa introduced two unique optical spectrum analyzers (OSAs) to meet industry requirements for instruments that can measure various wavelengths to meet new requirements for new optical devices.
- June 2021 - Signal Hound, a manufacturer of highly customized systems for RF signal testing and measurement, released the SM435B 43.5 GHz RF Spectrum Analyzer and Monitor Receiver. This advanced product in this new phase of the project has a range of applications many including 5G cellular, aerospace, military, and various other purposes.
Spectrum Analyzer Key Market Trends
- Focus on Frequency Range and Real-time Analyzers to Define New Trends: Global trends in the industry are changing very rapidly owing to the increased focus of the spectrum industry on expanding the frequency range and demand for analyzers that can detect high-frequency radio and photonics spectrum. Also, real-time spectrum analyzers are the new adoption of field spectrum analysis that maximizes scalability, flexibility, and cost-effectiveness compared to traditional hardware spectrum equipment. Thus, the trends are shaping the latest dimensions and growth rate of the global spectrum analyzer market size in the long term.
- Rise of Compact, Portable Spectrum Analyzers for Field Applications: With increasing demand for field-site measurements in various applications, the trend towards compact portable spectrum analyzers is increasing. Manufacturers with rugged designs for portable spectrum analysis in field environments such as RF site surveys, spectrum monitoring, interference hunting develop battery-powered spectrum analyzers. In July 2023 Keysight Technologies, Inc. expanded its FieldFox portfolio with the N9912C FieldFox Handheld Analyzer.
Spectrum Analyzer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the global spectrum analyzer industry is experiencing significant growth due to increasing adoption of wireless communication technologies, expansion of 5G networks and the need for better management of frequency spectrum. Spectrum analyzers are essential tools in the telecommunications, aerospace, defense and electronics industries for the detection, measurement and correction of radio frequency signals. This market is dominated by technological advances, such as portable and handheld spectrum analyzers, which offer greater flexibility and ease of use. The demand for higher frequency range analyzers is also increasing as IoT devices, radar systems and the increasing availability of advanced wireless technologies. However, challenges such as high equipment costs and the complexity of RF signal environments pose restraints to market growth. Despite these challenges, the spectrum analyzer market is poised for continued expansion, aided by innovative trends and growing applications across industries.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.72 billion |
| Market size value in 2031 | USD 3.53 billion |
| Growth Rate | 8.30% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Spectrum Analyzer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Spectrum Analyzer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Spectrum Analyzer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Spectrum Analyzer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Spectrum Analyzer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Spectrum Analyzer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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