The Global Spectrum Analyzer Market is expected to reach US$ 3.6 billion by 2033, growing at a 7.5% CAGR,PMR Report

Persistence Market Research estimates that the global market for spectrum analyzer will reach US$ 1.8 billion by 2023 and experience a CAGR of 7.5% from 2023 to 2033. Wireless technology is becoming more prevalent in many industries, including healthcare, automotive, telecommunications, and aerospace, so the market is expected to grow.

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Spectrum analyzers can measure a variety of quantities, such as power density or frequency. A spectrum analyzer is one of the important testing devices that measure frequency and a wide range of other parameters. Signal analyzers are used to find unknown signals and measure ones we know. Electrical and electronic measurements benefit greatly from the spectrum analyzer because of its accuracy. Tests can be carried out on a wide range of circuits and systems with this tool. A radio frequency is used to operate these circuits and systems.

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With its various configurations, this device can be applied to a wide range of instrumentation and measurement applications. Depending on the application, it is available in different specs, sizes, and even in different shapes. Researchers are currently experimenting with using these devices in high-frequency ranges at ultra-frequency levels. The measurements can even be recorded on the digital platform when connected to a computer system.

Key Takeaways from Market Study
• From 2018 to 2022, the market for spectrum analyzers experienced a CAGR of 8.4%.
• Spectrum analyzer sales in the United States are projected to reach US$ 1.2 billion in 2033.
• South Korea's spectrum analyzer sales are projected to reach a market share of over 16.40% by the end of 2033.
• The United Kingdom spectrum analyzer market is projected to generate absolute dollar opportunities of US$ 175.2 million by 2033.
• Based on top type, the swept-tuned spectrum analyzer market is projected to grow at a CAGR of 7.4% from 2023 to 2033.
• Benchtop spectrum analyzer is expected to grow at a CAGR of 7.3% by 2033, thus indicating a rapid development over the next few decades to come.

Cloud-based solutions and cybersecurity awareness are expected to drive demand for spectrum analyzers. Increased demand for cost-effective solutions and integration with testing and measurement equipment is expected to grow.says an analyst at Persistence Market Research.

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Key Market Players

Manufacturers of spectrum analyzers are expanding their production capabilities in order to gain a larger share of the market. Key players seeking to expand their market presence will benefit from the increasing number of partnerships and collaborations.

Spectrum analyzers are dominated by the following companies:
• Keysight Technologies
• Rohde & Schwarz GmbH & Co KG
• Fortive Corporation
• Anritsu Corporation
• Advantest Corporation
• Cobham PLC
• Giga-tronics Incorporated
• Yokogawa Electric Corporation
• National Instruments Corporation
• L P Technologies Inc.
• Teledyne Lecroy Inc.
• Avcom of Virginia, Inc.
• B & K Precision Corporation

Key market developments are as follows:
• In June 2023, Shaelig Company, Inc. will introduce the Consultix SiteWizardTM MTM-427 Cable and Antenna Analyzer, capable of analyzing wireless signals serving 2G (GSM), 3G (UMTS), and 4G (LTE), as well as 2.4GHz WiFi signals. 4.3" touch screen allows users to take measurements quickly and easily, with UI features such as sorting, reviewing, and comparing graphs. Up to 5000 feet can be specified as the range of distance to fault with measurement modes such as VSWR, Return Loss, Cable Loss, and DTF.
• In June 2023, Rohde & Schwarz and IEMN will collaborate on 6G THz via electronics and photonics. IEMN (Institute of Electronics, Microelectronics, and Nanotechnology) in Lille, France, and Rohde & Schwarz have been working together for several years. To accelerate advancements in emerging 6G technologies, Guillaume Ducournau has studied high frequencies and how Rohde & Schwarz can integrate its test and measurement solutions with photonics.

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Category-wise Insights -

Increasing Demand for Spectrum Analyzers with Swept-Tuned Spectrum Capability

A substantial share of the spectrum analyzer market is anticipated to be dominated by swept-tuned spectrum analyzers. Predictions suggest this segment will experience a 7.4% Compound Annual Growth Rate (CAGR) during the projected period. Analysis of historical data indicates an estimated growth rate of 8.2% between 2018 and 2022.

With the increasing availability of new connectivity technologies such as 3G, 4G, 5G, and LTE, the market is poised for expansion. Spectrum analysis is gaining traction across various industries as it assists in optimizing wireless communication systems and addressing related issues.

Advancements in frequency ranges and functionalities have led to improved designs and performance of swept-tuned spectrum analyzers. Notably, there has been a significant upsurge in research and development investments dedicated to the creation of more sophisticated spectrum analysis tools, particularly swept-tuned spectrum analyzers, thereby contributing to their anticipated growth in the near future.

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This release was published on openPR.