Spectrum Analyzers Global Market Report 2024

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 historical growth can be attributed to significant expansion in the electronics industry, increasing demand for wireless spectrum analyzers with multitasking capabilities, rapid industrialization and extensive research and development activities, the growth of digital platforms, and the high demand for second-hand spectrum analyzers.

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 anticipated growth in the forecast period can be attributed to the increasing demand for wireless communication systems, the rising demand for 5G technology, the growing number of smartphone users, the increasing demand for spectrum analyzers in defense applications, and the stronger demand for automotive and consumer electronics. Major trends in the forecast period include advancements in IoT and wireless communication technologies, the emergence of software-defined spectrum analyzers, technological advancements, developments in telecommunications technology, the deployment of 5G networks, and advancements in spectrum analyzer technology.

The growth of the spectrum analyzers market is expected to be driven by the increasing number of smartphone users. Smartphones, multifunctional mobile devices combining telecommunication capabilities with internet access, apps, and touchscreens, are becoming essential tools for communication, productivity, and entertainment. This rise in smartphone usage is fueled by consumer demand for connectivity and the versatile features they offer. Spectrum analyzers are utilized in smartphones to efficiently manage and optimize wireless communication by analyzing and selecting suitable frequency bands, ensuring reliable connectivity. For example, Uswitch Limited reported a 3.8% increase in mobile connections in the UK in February 2023, reaching 71.8 million, with an estimated 95% of the projected 68.3 million UK population in 2025 owning smartphones. Thus, the growing number of smartphone users is propelling the spectrum analyzers market forward.

Key players in the spectrum analyzers market are concentrating on developing innovative products such as handheld spectrum analyzers for diverse measurement and analysis tasks. Handheld spectrum analyzers play a crucial role in analyzing and optimizing RF signals in wireless networks, troubleshooting interference, and ensuring compliance with regulatory standards across industries. For instance, Anritsu Corporation introduced the field master MS2070A in February 2023, a handheld RF spectrum analyzer tailored for versatile RF testing. Operating from 9 kHz to 3 GHz, it provides precise measurements in various environments with rapid sweep speeds of up to 32 GHz/s in low-noise setups. Its intelligent measurement capabilities include occupied bandwidth (OBW), channel power, and adjacent channel power (ACP).

In June 2021, Tevet, a US-based provider of test and measurement equipment solutions, acquired RADX Technologies Inc. The acquisition aimed to secure a cutting-edge real-time spectrum analysis RF record and playback system through RADX's LibertyGT. This move underscores Tevet's commitment to supporting both current and potential LibertyGT customers. RADX Technologies Inc. is a US-based high-tech small business specializing in spectrum analyzer development.

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.

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. The countries covered in the spectrum analyzers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A spectrum analyzer is an electronic device designed to measure and display the amplitude of a signal in relation to its frequency within a specific frequency range. It is commonly used to analyze the frequency content of electrical signals, particularly radio-frequency (RF) signals, and to determine various spectral components and power levels within a signal.

The main types of spectrum analyzers include the swept-tuned spectrum analyzer, the radio frequency tuning method, the superheterodyne, the vector signal spectrum analyzer, the real-time spectrum analyzer, the fast Fourier transform (FFT), and the parallel filter analyzer. Among these, the swept-tuned spectrum analyzer utilizes a superheterodyne receiver to down-convert a portion of the input signal spectrum to the center frequency of a band-pass filter. This type of analyzer is used for troubleshooting and monitoring RF systems, measuring the performance of RF components, and assessing RF shielding. These spectrum analyzers are offered in various products and software categorized by network technology, such as wired and wireless, with frequency ranges typically categorized as less than 6 GHz, 6 GHz to 18 GHz, and more than 18 GHz. End-user industries utilizing spectrum analyzers include automotive and transportation, aerospace and defense, information technology and telecommunications, medical and healthcare, semiconductors and electronics, industrial and energy sectors, among others.

The spectrum analyzers research report is one of a series of new reports that provides spectrum analyzers market statistics, including the spectrum analyzers industry's global market size, regional shares, competitors with an spectrum analyzers market share, detailed spectrum analyzers market segments, market trends and opportunities, and any further data you may need to thrive in the spectrum analyzers industry. This spectrum analyzers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The spectrum analyzer market consists of revenues earned by entities by providing services such as frequency analysis, signal strength measurement, frequency bandwidth measurement, and filter and antenna response analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The spectrum analyzer market also includes sales of optical spectrum analyzers, handheld spectrum analyzers, PXI spectrum analyzers, USB spectrum analyzers, and audio spectrum analyzers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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