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Spectrum Analyzer Market

With increasing automotive & transportation technologies, spectrum analyzers are bound to grow

Spectrum analyzer Market is Segmented by Network Technology and Further Sub-segment into Wired Network Technology, Wireless Network Technology, and by Region- Forecast from 2023 to 2033

Spectrum Analyzer Market Outlook (2023 to 2033)

The global spectrum analyzer market was valued at US$ 1.6 billion in 2022. The spectrum analyzer market is expected to reach US$ 1.8 billion by 2023 and US$ 3.6 billion by 2033, growing at a 7.5% CAGR.

Spectrum analyzers have become increasingly integrated with oscilloscopes and signal generators, among other test and measurement equipment. Users will benefit from more comprehensive testing capabilities, simplify workflows, and improve overall efficiency through this integration.

Spectrum analysis platforms that run on cloud infrastructures and software-as-a-service (SaaS) solutions are on the rise. Using these platforms, users can monitor and analyze data remotely, collaborate, and scale their operations.

Spectrum analyzers have seen some consolidation in recent years as large companies acquire smaller ones to enhance their product portfolios. Integrating solutions is also becoming more common through strategic partnerships between manufacturers and software developers.

Protecting sensitive information and ensuring the security of spectrum analyzers has become increasingly important with the increasing connectivity of devices and networks. Cybersecurity features are being incorporated into products by manufacturers to address these concerns.

Report Attributes Details

Spectrum Analyzer Market Size (2023)

US$ 1.8 billion

Projected Market Value (2033)

US$ 3.6 billion

North America Market Growth Rate (2023 to 2033)

41.2%

Benchtop Spectrum Analyzer Growth Rate (2023 to 2033)

7.3% CAGR

Swept-Tuned Spectrum Analyzer Growth Rate (2023 to 2033)

7.4% CAGR

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2018 to 2022 Spectrum Analyzer Sales Outlook Compared to Demand Forecast from 2023 to 2033

As per Persistence Market Research (PMR), the global spectrum analyzer industry is projected to grow at a CAGR of 7.5% from 2023 to 2033. The market registered a CAGR of 8.4% in the historical period from 2018 to 2022.

Spectral availability is limited, and managing spectrum is essential, the demand for spectrum analyzers is driven by both limited availability and the need for efficient spectrum management. Monitoring and managing spectrum resources efficiently is made easier by spectrum analyzers, which are used by regulatory authorities, telecom operators, and other stakeholders.

An increasing number of spectrum analyzers is being used in sectors outside of traditional telecommunications, such as healthcare. A wide range of industries use them, including aerospace, defense, automotive, healthcare, and research. New opportunities are available for manufacturers of spectrum analyzers as these applications expand.

The demand for affordable and portable spectrum analyzers that offer basic spectrum analysis capabilities is growing along with the demand for high-end spectrum analyzers. A majority of these needs are driven by small and medium-sized businesses, educational institutions, and hobbyists.

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Which Factors are Driving Spectrum Analyzer Demand?

Wireless and wired technologies will grow the market in the coming years

Spectrum analyzers are expected to be in greater demand as wireless technologies, including 5G, IoT, and Wi-Fi, become more prevalent. Wireless communication systems require spectrum analyzers for design, optimization, and troubleshooting.

The technology of spectrum analyzers has advanced significantly over the past few years. Software-defined spectrum analyzers, which provide enhanced features, improved performance, and greater flexibility, have been developed, including real-time spectrum analyzers, and portable and handheld models.

Due to the increased complexity of RF (Radio Frequency) and wireless systems, spectrum analyzers have become more advanced and capable. The signal and interference associated with these systems often operate in crowded frequency bands, making accurate analysis and characterization crucial. These factors are likely to grow in demand in the coming years.

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Country-wise Insights

Why is there a High Demand for Spectrum Analyzer in the United States?

Growth in Aerospace & Defense Industries will Drive Sales of Spectrum Analyzers

North American spectrum analyzers are expected to occupy a significant share of the global market. Integrated circuit demand is expected to increase as technology advances, leading to growth in the spectrum analyzer market in the forecast period.

According to the report’s projections, the United States spectrum analyzer market is expected to hit US$ 1.2 billion by 2033. The United States is predicted to grow by 6.3% from 2023 to 2033, with a CAGR of 6.9% from 2018 to 2022. As a mature market for spectrum analyzers, the United States market is expected to exhibit steady growth during the forecast period.

Various industries, including telecommunications, aerospace, and defense, require effective spectrum analysis tools because of the increasing demand for wireless communication systems. Technology advancements and the increasing use of spectrum analysis tools are expected to drive growth in the spectrum analyzer market in the United States in the coming years.

Is China and Japan a promising market for Spectrum Analyzers?

Stronger Demand for Automotive and Consumer Electronics to Drive Growth

Persistence Market Research says the Chinese spectrum analyzer market will hit US$ 304.4 million by 2033. According to forecasts, the Chinese market will expand at a CAGR of 8.5% from 2023 to 2033. As the forecast period progresses, Japan's economy is expected to reach US$ 257.2 million in 2033 at a CAGR of 6.9%.

China and Japan are expected to have the most significant influence on the semiconductor and electronics market. Due to high expenditures in both IT & telecommunications and the aviation and military industries, the market in this region is expected to grow. Increasing demand for spectrum analyzers can be expected across the globe as a result of an increase in global manufacturing of electronics and electrical equipment.

For instance, Wireless signal analyzers from Anritsu Corporation are available from DC to 44.5 GHz and can be extended to 325 GHz. FFT technology supports both time and frequency domain analysis of signals captured by Anritsu spectrum analyzers.

5G services are expected to launch in China, which is a major electronics manufacturing hub. The market for spectrum analyzers in Japan is also significant, and growing automotive technologies demand is expected to grow. Furthermore, Chinese and Japanese policies aimed at bringing foreign investment to their countries, which could boost growth.

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Category-wise Insights

Which Top Type is Most Preferred in the Spectrum Analyzer Market?

Analyzer with Swept-Tuned Spectrum to Grow Spectrum Analyzer Demand

A significant portion of the swept-tuned spectrum analyzer market is expected to be devoted to the spectrum analyzer market. The segment is expected to grow at a 7.4% CAGR during the forecast period. Based on historical projections, the growth rate between 2018 and 2022 is estimated to be 8.2%.

As new connectivity technologies like 3G, 4G, 5G, and LTE become more available, the market is likely to grow. Spectrum analysis is becoming more popular among various industries for optimizing wireless communications systems and troubleshooting them.

New frequency ranges and enhanced functionality have improved the design and performance of swept-tuned spectrum analyzers. A significant increase in research and development investments that aim to develop more advanced spectrum analysis tools, such as swept-tuned spectrum analyzers, is expected to grow in the near future.

What Form Factors are Likely to be Popular in the Spectrum Analyzer Market?

Improvement in Benchtop Spectrum Analyzers Will Prevail in the Coming Years

The benchtop spectrums industry is projected to grow at a CAGR of 7.3% by 2033. Testing and troubleshooting spectrum analysis tools are becoming more important as wireless technology becomes more popular.

Technological advancements and the development of compact and high-performance benchtop spectrum analyzers with wide frequency ranges, better resolutions, and more accurate measurements have led to the advancement of technologies over the years.

For research, development, and design verification, benchtop spectrum analyzers are widely used in telecommunications, aerospace, and defense industries. In recent years, 5G services have been introduced around the world, leading to a surge in demand for benchtop spectrum analyzers that handle the increased bandwidths and frequencies. Over the next few years, these factors will likely increase demand for benchtop spectrum analyzers.

Competitive Landscape

Spectrum analyzer manufacturers are forming strategic partnerships with other electronic companies. In order to increase its market share, the company aims to enhance its technological capabilities, expand its product offerings, and increase its market presence. The combination of these companies' strengths could lead to the development of innovative products and solutions.

Few other companies are investing heavily in R&D to improve the performance and capabilities of their products. In an effort to gain an edge over their competitors, companies are launching new products.

  • In April 2023, Anritsu Company introduced the Field MasterTM MS2080A, a multifunctional spectrum analyzer that can perform nine different tasks. Designed with a broader frequency coverage to cope with increasing congestion in the 6 GHz spectrum caused by satellites, cellular and commercial network growth, radiolocation, and industrial scientific and medical networks, the MS2080A effectively addresses growing congestion in the 6 GHz spectrum.
  • In May 2023, Spectrum Connect, SAF Tehnika's handheld spectrum analyzer family, will be available with a 10 MHz to 3000 MHz frequency range. With a range of frequencies ranging from 10 MHz to 87 GHz, the product lineup includes seven handheld spectrum analyzers.

Report Scope

Attribute Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ billion for Value

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Singapore
  • Thailand
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa
  • Israel

Key Market Segments Covered

  • Offering
  • Type
  • Frequency Range
  • Form Factor
  • Network Technology
  • End-user Technology
  • Region

Key Companies Profiled

  • 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

Customization & Pricing

Available upon Request

Spectrum Analyzer Market Outlook by Category

By Offering

  • Product
  • Software

By Type

  • Swept-Tuned Spectrum Analyzer
    • RF Tuning Method
    • Super Heterodyne
  • Vector Signal Spectrum Analyzer
  • Real-Time Spectrum Analyzer
    • Fast Fourier Spectrum Analyzer
    • Parallel Filter Analyzer

By Frequency Range

  • <6 Ghz
  • 6 Ghz - 18 GHz
  • >18 GHz

By Form Factor

  • Handheld Spectrum Analyzer
  • Portable Spectrum Analyzer
  • Benchtop Spectrum Analyzer

By Network Technology

  • Wired Network Technology
  • Wireless Network Technology

By End-User Technology

  • Automotive & Transportation
  • Aerospace & Defense
  • IT & Telecommunication
  • Medical & Healthcare
  • Semiconductors & Electronics
  • Industrial & Energy Sector
  • Others - Educational Institutes and Government Sector

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • 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

- Frequently Asked Questions -

According to estimates, the global spectrum analyzer market was worth US$ 1.6 billion by 2022.

Spectrum analyzers in 2023 is projected to generate revenue of US$ 1.8 billion.

Globally, the market for spectrum analyzers is expected to grow by US$ 3.6 billion by 2033.

The spectrum analyzer market is predicted to grow at a CAGR of 7.4% during the forecast period.

From 2018 to 2022, spectrum analyzer growth was 8.4% compound annual growth rate.

Benchtop spectrum analyzer sales will generate revenue of 7.3% CAGR by 2023.

Japan’s spectrum analyzer are projected to grow at a CAGR of 6.9% over the forecast period.

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