Spectrum Analyzer
Market Insight
The surge in demand for wireless technology,
especially in the lockdown period due to novel coronavirus pandemic around the
world, has affected the global Spectrum Analyzer Market 2020 imperatively. The
current data on the market position of the spectrum analyzer market by Market
Research Future reveals that a growth rate of 8.2% has been recorded for future
expansion, which could be noted, post the pandemic. Many factors are being
scored behind the growth of the market, which has been discussed below. The
forecasted period of the market’s growth is calculated for the years 2017–2026,
and between these years, the market might achieve a valuation of USD 1,758.1
million from USD 1,125.1 million, gained in 2017.
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Top Impacting Factors
The foremost driving factor of spectrum analyzer
market is escalating demand for wireless technology among users worldwide. This
factor has led to significant growth in spectrum analyzer market. The other key
driving factors of spectrum analyzer include the growing adoption of portable
and handheld spectrum analyzers, bandwidth and frequency advancement as well as
multitasking feature.
Currently, the high demand for second-hand spectrum
analyzer is one of the imperative growth factors of impending spectrum analyzer
market. Spectrum analyzers are one of the essential instruments in any
electronic laboratory. Spectrum analyzer serves numerous purposes in signal
analysis in a wide range of applications such as video, audio, communications,
radar, and many other designs. However, the price of spectrum analyzers is a
prohibitive factor for some users. Furthermore, the cost is reduced owing to
the introduction of new affordable oscilloscopes with built-in spectrum
analyzer capability. Such a might provide attractive opportunities for the
spectrum analyzer market to enter after the lockdown period imposed due to
coronavirus impact.
Nevertheless, the spectrum analyzer market’s growth
is refrained by the factor of the high cost of specialized spectrum analyzers.
The rising awareness about expenses linked to spectrum analyzers among
organizations of varied sizes has motivated scrutiny from financial directors
and controllers among different industries. This has led companies to develop
strategies in the field of managing the costs of equipment. Several companies
have started opting for various acquisition means, including rental and leasing
services for spectrum analyzers.
Leading Segments
The global spectrum analyzer market is studied among
the segments of type, frequency range, form factor, and end-user.
In terms of type segment, the market has included
vector signal spectrum analyzer, swept tuned spectrum analyzer, and real-time
spectrum analyzer.
In terms of the frequency range, the market has
included less than 6 GHz, 6–18 GHz, and more than 18 GHz.
In terms of form factor segment, the market has
included portable and benchtop.
In terms of end-user segment, the market has
included aerospace & defence, automotive, healthcare, IT &
telecommunication, energy & utilities and semiconductor & electronics.
Regional Front
North America, Europe, Asia-Pacific, and rest of the
world are the main regions under which the study of global spectrum analyzer
market has been conducted.
Asia-Pacific acquires the largest market share in
the global spectrum analyzer market. This growth is attributed to the
increasing penetration of spectrum analyzers in countries such as India, China,
and South Korea. Moreover, the higher demand for spectrum analyzers among
consumer electronics companies and automotive manufacturers is serving the
market grow. This has further led the companies to endow in the development of
high-frequency spectrum analyzers. Spectrum analyzers are used for testing by
electronic component manufacturers operating regionally and globally.
On a similar note, widespread acceptance of spectrum
analyzers in North America owing to rise in investment in aerospace &
defence and IT & telecommunication industry are likely to boost the market
growth in the future time frame.
Top Industry Players
Competitive analysis and profiles of the top
industry players are Rohde & Schwarz GmbH & Co., Kg (Germany), Keysight
Technologies (US), Anritsu Corporation
(US), Fortive Corporation (US), Cobham PLC (UK), National Instruments Corporation
(US), Advantest Corporation, Yokogawa Electric Corporation (Japan),
Giga-Tronics Incorporated (US), and LP Technologies Inc (US).
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