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Optical Spectrum Analyzer Market - Forecast(2024 - 2030)
Optical Spectrum Analyzer Market Overview
Optical Spectrum Analyzer Market Size is forecast to reach $240.8 billion by 2026, at a CAGR of 6.15% during 2021-2026. The distribution of power of an optical source over a specified wavelength span is displayed by a specially designed instrument called optical spectrum analyzer. Optical spectrum analyzer market is witnessing a significant growth as there is a requirement advanced optical spectral measurements for both R&D and manufacturing. Optical spectrum analyzers are used in demanding optical metrology applications. These generally range from semiconductor, lithography, space-brone imaging systems, consumer electronics, thermal imaging systems, ophthalmic and others. Optical spectrum analyzers have high speed owing to which it has less signal-to-noise ratio which causes electromagnetic radiation and hence used in medical imaging, telecommunication applications, radio broadcasting and others. This has resulted in the high demand for optical spectrum analyzers. Growth of the telecommunication industry, Healthcare industry, Consumer electronics and others have boosted the growth of the market as this analyzer are used in these industries measure the power of the spectrum of known and unknown signals.
Report Coverage
The report: “Optical Spectral Analyzer Market Industry Outlook– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Optical Spectral Analyzer Market
By Type: Portable, Handheld, Benchtop
By End Users: IT & Telecommunications, Medical & Healthcare, Consumer Electronics, Energy and Power Utilities, Others
By Technology Type: Wired, Wireless
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), and RoW (Middle East and Africa, South America)
Key Takeaways
- Advancements in optical technologies and the advent of solid-state optics have helped several manufacturers in the global market to minimize the operations performed by a bench top sized apparatus to a mobile, handheld devices along with the increasing demand for connected environments, especially in the manufacturing sector set to drive the market growth.
- Telecommunications sector is expected to witness a highest CAGR of 7.05% the forecast period, owing to investments on wireless communication infrastructure in countries such as China and India have created opportunities for Optical Spectral analysers.
- APAC has witnessed a significant share in the market owing to the surge in Telecommunications industry and Consumer electronics industry where these optical spectral analyzers are used for advanced communication systems.
Global Optical Spectrum Analyzer Market, By Region, 2020
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Optical Spectral Analyser Market Segment Analysis - By Type
The Portable optical spectral analyser segment is growing at a significant market value of 6.92% in the forecast period as it is highly used in telecommunication and data communication along with the use in medical applications. The portable optical spectral analyzers are majorly used in optical fiber communication as the RF signal can be detected using these analyzers including the dominant frequency, power, distortion, and noise floor. The adoption of fixed wireless communications, DSL, Broadband internet access, including cable are driving the growth of the market. Furthermore, the residential in countries such as Canada, Mexico and others are subjected to wireline local access and next generation SIP trunk access along with SD-WAN enhancing the use of optical fibre cables influencing the growth of the market positively.
Optical Spectral Analyzer Market Segment Analysis - By End Users
Telecommunications is expected to witness a highest CAGR of 7.05% during the forecast period, owing to the demand for optical fibers in wireless network and growth of the 5G network communication. According to United Nations Conference on Trade and Development (UNCTAD), there are 4,422 colocation data centres among which 80% are present in the developed countries and 40% are accounted in United States. The digital economy of United States contributed to 6.9% of GDP in narrow definition and 21.6% of GDP in broad definition in 2019. This contributed towards the growth of the market as the optical spectrum analysers enable spectral analyses and monitors optical signals and networks by measuring the optical power energy in the data centers. Upsurge in usage of electronics devices and growth in consumer electronics industry have driven the demand for more data centers and internet facilities for communication. Owing to this the demand for transmission of data with maximum speed and minimized speed have resulted in the growth of fiber optic communication resulting in the growth of the market.
Optical Spectral Analyzer Market Segment Analysis - By Geography
Optical Spectral Analyzer Market in Asia-Pacific region held significant market share of 30.65% in 2020. Growth of consumer electronics enhancing the wireless network infrastructure is set to drive the Optical Spectral Analyzer Market here. Rapid implementation of advanced technology to build efficient and comparatively more cost-effective data storage infrastructure has helped businesses invest in data centres, thereby influencing the development of optics in the countries such as China, India, Japan and others where optical spectral analyser ensures detection of RF signal in the data centers. In Australia, investment by the Federal Government in the roll-out of the national broadband network (NBN) has underpinned the rapid growth of the optical fibre industry in the area over the past five years. The NBN aims to create a groundbreaking connectivity network to access Internet-based data and entertainment for all Australian households, businesses, and government agencies. All these factors have boosted the market growth in the APAC region.
Optical Spectrum Analyzer Market Drivers
Growth of Telecommunication sector:
Evolution of wireless technology have resulted in the growth of telecommunications sector witnessing a significant growth for the optical spectrum analyzers. The upsurge in usage of advanced optoelectronics devices and fiber optic communications have majorly driven the market growth. In 2019, Huawei a telecommunication equipment company has committed to invest up to $800 million over the next three years to expand its presence in Brazil via a new manufacturing facility in São Paulo. As the Brazilian telecoms are planning to make the telecom sector world’s largest 5G spectrum in the year 2020 optical spectrum analysers are used to find interference that negatively impacts wireless performances and eliminates it. In addition, according to Intelligence Node, the number of smartphone users in United States crossed 260 million in April 2020, and smartphone shipments reached $161 million in 2019. This indicates the growth of fibre optics as it provides longer distance link, less bulky physical cabling and active high digital speed electric interface facing the host ASIC thus, driving the growth of optical spectrum analyser market.
Growth of optical spectrum analyzers in the healthcare and medical sector:
The developments in the medical devices and the need for Medical imaging technology has enabled the use of optical spectrum analyzers in medical devices as they are capable of obtaining wavelength emissions from LED sources, lasers, and laser diodes by Fast Fourier Transform (FFT) using a scanning Michelson interferometer in a push/pull arrangement. High demand for cancer treating medical devices owing to the advancement in medical and healthcare industry and growth of the geriatric population has resulted in the surging prevalence of optical spectrum analyzers. In 2020, Government of India announced that the hospital industry in India is set to increase to US$ 132.84 billion by 2022 showcasing growing medical equipment market in the country. The medical equipment is set to grow with the rising demand thereby significantly contributing to the market growth rate.
Optical Spectrum Analyzer Market Challenges:
High cost of maintenance, post COVID-19 challenges:
The outbreak of COVID-19 has resulted in the declining growth of the optical spectrum analyzer market due to various factors such as decrease in demand, indefinite shut down of various manufacturing hubs during lock down, financial constraints, and others. In addition, another restraint to growth of the market is the high maintenance cost and requirement of experts for the proper installation and use. Moreover, FFT spectrum analyzer is not capable of working in higher radio frequencies due to limitations in sampling rate of Analog to Digital Converter (ADC), swept type can detect only Continuous Wave or Continuous Waveforms (CW) signals without any phase informations and others.
Optical Spectrum Analyzer Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Optical Spectrum Analyzer Market. Optical Spectrum Analyzer Market top 10 companies include Thorlabs, Inc., VIAVI Solutions, EXFO, Inc., Anritsu Corporation, Yokogawa Test and Measurement Corporation, Apex Technologies, Finisar Corporation, New Ridge Technologies, ID Photonix GmbH, ADC Corporation among others
Acquisitions/Product Launches
- In 2020, Yokogawa launched AQ6377 optical spectrum analyzer to measure the optical spectra of laser light in the 1.9–5.5 ?m wavelength range with high accuracy, wide dynamic range, and high resolution.
- In 2019, Anritsu launched new spectrum analyser named “MS9740B” for use in the 5G run ups as it supports multi-mode fiber input and is ideal for manufacturing and evaluating 850nm band VCSEL modules.
Relevant Report Titles:
Report Code; AIR 0104
Report Code: HCR 0005
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1. Optical Spectrum Analyzer Market- Market Overview
1.1 Definitions and Scope
2. Optical Spectrum Analyzer Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends by end user
2.3 Key trends segmented by geography
3. Optical Spectrum Analyzer Market–Market Landscape
3.1 Comparative Analysis
3.1.1 Product Bench marking
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 10 companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis
4. Optical Spectrum Analyzer Market– Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Framework Overview
4.2 New Business and Ease of Doing business index
4.3 Case studies of successful ventures
4.4 Customer Analysis – Top 10 companies
5. Optical Spectrum Analyzer Market – Startup Company Scenario (Premium)
5.1 Investment Analysis
5.2 Venture Capital Funding Scenario
6. Optical Spectrum Analyzer Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Optical Spectrum Analyzer Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle
7.4 Suppliers and Distributors
8. Optical Spectrum Analyzer Market- By Type
8.1 Portable
8.2 Handheld
8.3 Benchtop
8.4 6 inches
9. Optical Spectrum Analyzer Market- By Technology Type
9.1 Wired
9.2 Wireless
10. Optical Spectrum Analyzer Market- By End Use
10.1 IT & Telecommunication
10.2 Medical & Healthcare
10.3 Consumer Electronics
10.4 Energy & Power Utilities
10.5 Others
11. Optical Spectrum Analyzer Market- By Geography (Market Size -$Million/Billion)
11.1 North America
11.1.1 U.S
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Others
11.3 Europe
11.3.1 U.K
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Netherlands
11.3.7 Others
11.4 APAC
11.4.1 China
11.4.2 Japan
11.4.3 South Korea
11.4.4 India
11.4.5 Australia & New Zealand
11.4.6 Others
11.5 RoW
11.5.1 Middle East
11.5.2 Africa
12. Optical Spectrum Analyzer Market- Entropy
13. Optical Spectrum Analyzer Market- Industry Competition Landscape (Premium)
13.1 Global Market Share
13.2 Market Share by Region
13.3 Market Share by Application
13.4 Market Share by Device Type
13.5 Market Share by End User
14. Optical Spectrum Analyzer Market- Key Company List by Country Premium (Premium)
15. Optical Spectrum Analyzer Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Signal Sciences Corporations
15.3 Thorlabs, Inc.
15.4 VIAVI Solutions
15.5 Exfo, Inc.
15.6 Anritsu Corporation
15.7 Yokogawa Test and Measurement Corporation
15.8 Apex Technologies
15.9 Finisar Corporation
15.10 ID Photonix GmbH
15.11 ADC Corporation
LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2023-2030 ($M)1.1 By Type Market 2023-2030 ($M) - Global Industry Research
1.1.1 Portable Market 2023-2030 ($M)
1.1.2 Handheld Market 2023-2030 ($M)
1.1.3 Benchtop Market 2023-2030 ($M)
1.2 By End-user Industry Market 2023-2030 ($M) - Global Industry Research
1.2.1 Telecommunication Market 2023-2030 ($M)
1.2.2 Healthcare Market 2023-2030 ($M)
1.2.3 Consumer Electronics Market 2023-2030 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
3.Global MARKET SEGMENTATION Market 2023-2030 (Volume/Units)
3.1 By Type Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Portable Market 2023-2030 (Volume/Units)
3.1.2 Handheld Market 2023-2030 (Volume/Units)
3.1.3 Benchtop Market 2023-2030 (Volume/Units)
3.2 By End-user Industry Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Telecommunication Market 2023-2030 (Volume/Units)
3.2.2 Healthcare Market 2023-2030 (Volume/Units)
3.2.3 Consumer Electronics Market 2023-2030 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2023-2030 (Volume/Units)
5.North America MARKET SEGMENTATION Market 2023-2030 ($M)
5.1 By Type Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Portable Market 2023-2030 ($M)
5.1.2 Handheld Market 2023-2030 ($M)
5.1.3 Benchtop Market 2023-2030 ($M)
5.2 By End-user Industry Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Telecommunication Market 2023-2030 ($M)
5.2.2 Healthcare Market 2023-2030 ($M)
5.2.3 Consumer Electronics Market 2023-2030 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
7.South America MARKET SEGMENTATION Market 2023-2030 ($M)
7.1 By Type Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Portable Market 2023-2030 ($M)
7.1.2 Handheld Market 2023-2030 ($M)
7.1.3 Benchtop Market 2023-2030 ($M)
7.2 By End-user Industry Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Telecommunication Market 2023-2030 ($M)
7.2.2 Healthcare Market 2023-2030 ($M)
7.2.3 Consumer Electronics Market 2023-2030 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
9.Europe MARKET SEGMENTATION Market 2023-2030 ($M)
9.1 By Type Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Portable Market 2023-2030 ($M)
9.1.2 Handheld Market 2023-2030 ($M)
9.1.3 Benchtop Market 2023-2030 ($M)
9.2 By End-user Industry Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Telecommunication Market 2023-2030 ($M)
9.2.2 Healthcare Market 2023-2030 ($M)
9.2.3 Consumer Electronics Market 2023-2030 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
11.APAC MARKET SEGMENTATION Market 2023-2030 ($M)
11.1 By Type Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Portable Market 2023-2030 ($M)
11.1.2 Handheld Market 2023-2030 ($M)
11.1.3 Benchtop Market 2023-2030 ($M)
11.2 By End-user Industry Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Telecommunication Market 2023-2030 ($M)
11.2.2 Healthcare Market 2023-2030 ($M)
11.2.3 Consumer Electronics Market 2023-2030 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
13.MENA MARKET SEGMENTATION Market 2023-2030 ($M)
13.1 By Type Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Portable Market 2023-2030 ($M)
13.1.2 Handheld Market 2023-2030 ($M)
13.1.3 Benchtop Market 2023-2030 ($M)
13.2 By End-user Industry Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Telecommunication Market 2023-2030 ($M)
13.2.2 Healthcare Market 2023-2030 ($M)
13.2.3 Consumer Electronics Market 2023-2030 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
LIST OF FIGURES
1.US Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)2.Canada Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
3.Mexico Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
4.Brazil Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
5.Argentina Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
6.Peru Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
7.Colombia Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
8.Chile Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
9.Rest of South America Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
10.UK Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
11.Germany Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
12.France Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
13.Italy Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
14.Spain Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
15.Rest of Europe Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
16.China Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
17.India Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
18.Japan Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
19.South Korea Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
20.South Africa Optical Spectrum Analyzer Market Revenue, 2023-2030 ($M)
21.North America Optical Spectrum Analyzer By Application
22.South America Optical Spectrum Analyzer By Application
23.Europe Optical Spectrum Analyzer By Application
24.APAC Optical Spectrum Analyzer By Application
25.MENA Optical Spectrum Analyzer By Application