Spectrum Analyzer Market by Product, End user, Key players & Forecast to 2023

The global spectrum analyzer market is expected to witness a steady growth in the near future, owing to rise in demand for wireless devices and growth in semiconductor & electronic industry. Spectrum analyzer is extremely sensitive and particularly useful in mechanical and electrical technical measurements. It splits and measures incoming or transmitted signals and displays them according to their frequencies. Analysis of the spectral results is expected to help determine the physical and electrical performance of the item being measured and is essential in IT & telecommunication, medical & healthcare, semiconductors & electronics, industrial & energy, and aerospace & defense sector.

Rise in adoption of portable and handheld spectrum analyzers with multitasking feature and bandwidth & frequency advancement are the factors that drive the growth of the market. At present, the high demand for second-hand spectrum analyzer is one of the significant factors that impedes spectrum analyzer market. Asia-Pacific is the major revenue contributor to the global market, followed by North America. It is anticipated that the market growth in Europe and LAMEA is expected to significantly increase during the forecast period.

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Global Spectrum Analyzer Market is expected to reach $1,813 million in 2023, from $1,068 million in 2016, growing at a CAGR of 7.7% from 2017 to 2023. Spectrum analyzers are used to analyze signal frequency and amplitude in logarithmic scale when the electric signal passes through the system, such as in real-time spectrum analyzer. Spectrum analyzers are used for manufacturing and designing purposes in the field services, repair of electrical devices to determine their performance, error detection, and troubleshooting errors.

Spectrum analyzers are one of the most important instruments in any electronic laboratory. It serves several purposes in signal analysis in a wide range of applications, such as audio, video, communications, radar, and many other designs. However, the price of spectrum analyzers is a prohibitive factor for some users. Furthermore, the cost is reduced due to introduction of new affordable oscilloscopes with built-in spectrum analyzer capability, which is expected to provide attractive opportunity for the spectrum analyzer market.

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Key Benefits

The study provides an in-depth analysis of the global spectrum analyzer market to elucidate the prominent investment pockets
Current trends and future estimations are outlined to determine the overall market potential and single out profitable trends to gain a stronger foothold in the market
The report provides information about key drivers, restraints, and opportunities their impact analyses
The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA

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Key players in the spectrum analyzer market include Advantest Corporation, Teledyne Lecroy, Fortive Corporation, Yokogawa Electric Corporation, Anritsu Corporation, Rohde & Schwarz GmbH & Co., Kg., National Instruments Corporation, Keysight Technologies, Giga-tronics Incorporated, and B&K Precision Corporation.

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