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Spectrum Analyzer Market - Trends and Opportunities for the Industry by 2024

12-22-2017 10:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Spectrum analysis is also known as analyses of a gamut of frequencies or related quantities such as eigenvalues and energies among others. Spectrum analyzers are required for manufacturing, designing, engaging in field services/repairs of electrical devices to analyze the characteristics of a signal once it passes through system or device. Spectrum analyzers determine performance, detect problems and troubleshoot among others. These devices are commonly used to measure modulation, noise and distortion. Measurement of the quality of modulation is imperative for ensuring proper functioning of the system and that the transmission of information is smooth and correct. Measurement of distortion is imperative for both the transmitter and receiver. Further, tests such as noise figure and signal-to-noise ratio (SNR) are important for characterizing the performance of a device and/or its contribution to overall system noise.

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Factors such as the rising demand for wireless technology among the consumers across the globe which has aided in the increased usage of spectrum analyzers is one of the key factors pushing the demand for this market. Other key driving factors include, the rising adoption of portable and handheld spectrum analyzers, analyzers that are capable of multitasking, technological advancements in the field of spectrum analyzers, and bandwidth and frequency advancement.

However, high demand for second hand spectrum analyzers is one of the major factors hindering the growth of the market at present. This is due to the high average price of such products due to which the end use industries prefer second hand spectrum analyzers in order to reduce the cost of production. Further, less availability of low cost spectrum analyzers with maximum features is another factor barring the growth of this industry.

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However, widespread operation of LTE (Long Term Evolution) services is expected to boost the demand for spectrum analyzers in the future, thus posing to be a suitable opportunity for the growth of this market.

The market has been segmented on the basis of type into swept-tune spectrum analyzer, vector signal spectrum analyzer and real time spectrum analyzer. Swept tuned spectrum analyzers are further bifurcated into RF tuning method and super heterodyne. Additionally, real time spectrum analyzers have been bifurcated into FFT (Fast Fourier Transform) spectrum analyzer and parallel filter spectrum analyzer. Swept-tuned spectrum analyzer is expected to dominate this market owing to the increasing usage of the same due to maximum frequency coverage. Further, swept-tuned spectrum analyzers are traditional types of spectrum analyzers and they find application in telecommunication, A&D and medical sector among others.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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