Spectrum Analyzers are also known as the Signal Analyzers. As the name indicates, these spectrum analyzers analyses the spectrum of a signal for showing relative levels of signals on different frequencies within the range of the particular sweep or scan. It is typically used to make in channel measurements, such as error vector magnitude, code domain power, and spectral flatness, based on different signals. Spectrum analyzers are extensively used within the electronics industry for the purpose of analyzing the frequency spectrum of radio frequency, RF and audio signals. Looking at the spectrum of a signal they are able to reveal elements of the signal, and the performance of the circuit producing which is possible in spectrum analysis. The major hindrance for this market is the cost of these spectrum analyzers is quite high.
The market as has been categorized on basis of type include swept- tuned spectrum analyzer, real-time spectrum analyzer, parallel filter analyzer and various others. By network technology the market has been divided as wired and wireless. Under the segmentation done by spectrum type the market has been divided into handheld spectrum analyzer, portable spectrum analyzer, bench-top spectrum analyzer and others. By frequency range the market has been segmented by <9GHz, 9 GHz to 20GhHz. By the segmentation of offerings the market is divided as by hardware and software. The major end user industries that are taken into consideration in these reports are the automotive industry, IT and Telecommunication industry, medical, electronics and various other major industries.
The key factor attributed towards the growth of spectrum analyzer are the rising demand for wireless technology, surging demand from automotive industry with multi-tasking capabilities, and others. Among all the end-user industries, the market for the medical is expected to witness highest growth rate in forecast period. In the Medical, there are many new advanced devices namely ECG, EEG, and blood-pressure monitors which are developed to measure various medical parameters. However, before these devices are delivered to the end user, it is necessary to test and calibrate them as per the set standard.
Spectrum analyzer market is valued at $XX billion in 2015 and is estimated to grow at a CAGR of XX% during the forecast period to reach revenue of $XX billion by 2023. North America and European region together are estimated to hold share of XX% in 2015.
North America is estimated as the major market for the spectrum analyzer market and is expected to be dominant owing to the increasing investments. The swept-tuned spectrum analyzer market in U.S., is likely to hold a major share during the forecast period due to the factors such as higher frequency coverage, and increasing advancements in terms of new-generation connectivity platforms such as LTE advanced and 5G. Additionally, swept-tuned spectrum analyzer and vector signal spectrum analyzer are the traditional types of spectrum analyzers.
Asia Pacific is expected to witness the fastest growth during the forecast period, followed by Europe. Increasing R&D activities is among the major factors fuelling the demand for spectrum analyzers in Asia Pacific region.
Sample Companies Profiled in this Report are:
- Keysight Technologies (U.S.),
- Rohde & Schwarz GmbH & Co., Kg (Germany),
- Anritsu Corporation (Japan)
- Advantest Corporation (Japan)