Increased Demand for Multi-Tasking Spectrum Analyzers Prompts Growth

by Dawn Allcot

A newly released report from shows healthy growth in the Global Spectrum Analyzer market.

Spectrum analyzers are one of the most important instruments in an electronics laboratory. They serve several purposes for signal analysis in a wide range of applications, including audio, video, communications, radar, and many other fields.

Spectrum analyzers are used for manufacturing and design purposes, and also for in-the-field services. They can aid in the repair electrical devices by determining their performance, offering error detection, and troubleshooting errors.

The Global Spectrum Analyzer market accounted for $1,129.87 million in 2017 and is expected to reach $2,474.55 million by 2026 growing at a CAGR of 9.1%.

Factors such as the rise in adoption of portable and hand-held spectrum analyzers and increasing demand for spectrum analyzers with multi-tasking capabilities are fueling the market growth. Moreover, deploying LTE worldwide and ever-increasing bandwidth serve as growth opportunities for the market.

However, the cost-effectiveness of spectrum analyzers providing the features electronics engineers and other professionals need, combined with a rising demand for second-hand spectrum analyzers may hinder growth.

Based on the frequency range, the >18 GHz segment fuels the market share during the forecast period. High-end industries such as defense, IT, and telecommunications require measurement and testing systems of a high frequency range (from 18 GHz to 85 GHz).

By geography, the Asia Pacific region is anticipated to grow due to the established semiconductor and electronics industry in China and India, along with the increase in adoption of these systems in the automotive and transportation industries.

The latest market report breaks down market shares for various regions and countries, market forecasts for a minimum of nine years, and competitive landscaping that maps key common trends. Readers can also learn about supply chain trends driven by the latest technological advancements, and those new to the spectrum analyzer market will discover strategic recommendations for enhanced growth and profitability.


Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy