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Spectrum Analyzer Market Expected to Reach US$ 2.44 Bn by 2026

According to a new market research report titled ‘Spectrum Analyzer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research the global spectrum analyzer market is expected to reach value of US$ 2,439.8 Mn by 2026, expanding at a CAGR of 7.8% from 2018 to 2026. According to the report, the global market is expected to be influenced by a range of macroeconomic and market-specific factors during the forecast period. In terms of demand, Asia Pacific is projected to lead the global market, with the market in the region expanding at a CAGR of 8.3% between 2018 and 2026. Growing adoption of wireless spectrum analyzers and increasing demand for real-time spectrum analysis are anticipated to significantly drive the market during the forecast period.

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Growing adoption of wireless spectrum analyzers to drive the global spectrum market

The global spectrum analyzer is projected to expand at a significant growth rate during the forecast period, due to the increasing adoption of wireless spectrum analyzers. Wireless spectrum analyzers help in mitigating the interference caused in a WLAN network, thereby improving the network performance. Also, use of spectrum analyzers in the real-time spectrum analysis helps capture transient and short-duration signals in a more accurate manner. This factor is likely to augment the spectrum analyzer market in the next few years. 

Global Spectrum Analyzer Market: Scope of Report

The global spectrum analyzer market has been broadly segmented based on type, form factor, frequency range, end-use industry, and region. In terms of type, the market has been divided into swept spectrum analyzer, real-time spectrum analyzer, vector signal analyzer, and others. Among these, the swept spectrum analyzer segment holds a significant share of the market. The segment is anticipated to expand at a CAGR of 8.4% throughout the forecast period. Based on form factor, the market has been classified into handheld, portable, benchtop, and others. Among these, the benchtop segment held a prominent i.e. 40.9% share of the global spectrum analyzer market in 2017. It was followed by the portable segment. In terms of frequency range, the global market has been classified into less than 6 GHz, 6 GHz to 18 GHz, and more than 18 GHz. Among these, the less than 6 GHz segment held a significant share of the market in 2017. It is expected to expand at a CAGR of 7.3% during the forecast period. Based on end-use industry, the global spectrum analyzer market has been segregated into electronics & semiconductor, IT & telecommunication, aerospace & defense, automotive & transportation, health care, and others. The IT & telecommunication segment held a leading i.e. 40.7% share of the global market in 2017. In terms of region, the global spectrum analyzer market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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In terms of revenue, North America held the leading share of the global spectrum analyzer market in 2017. The market in the region is anticipated to expand at a CAGR of 7.6% during the forecast period. Increasing use of Wi-Fi network and cellular phones has led to rise in the adoption of spectrum analyzers in North America. In terms of revenue, China holds a major share of the spectrum analyzer market in Asia Pacific, followed by Japan. Moreover, in terms of revenue, the market in India is anticipated to expand at a significant CAGR during the forecast period, due to growing deployment of 5G and LTE networks in the country.

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