In a recent published report, Kenneth Research has updated the market report for Spectrum Analyzer Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Spectrum Analyzer Market products.
Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
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Market Synopsis
The global spectrum analyzer market was valued at USD 1,125.1 million in 2017 and is expected to reach USD 1,758.1 million by the end of the forecast period with a CAGR of 8.2%.A spectrum analyzer is an electronic device that is used to display variations in the signal strength. The spectrum analyzers has a close resemblance with an oscilloscope. Spectrum analyzers are used for research and study purposes in universities and laboratories and for designing, manufacturing, or repairing electronic equipment. For this, the spectrum analyzers are ordered in bulk, due to which the buyers’ concentration is high. Spectrum analyzer manufacturing involves various components such as probes, function generators, control systems, display units, and storage memory.
The Final Report will cover the impact analysis of COVID-19 on this industry:
The manufacturers of spectrum analyzers play a vital role in manufacturing these equipment for testing and maintenance of electronic devices. These component manufactuerer provide enahbced spectrum analyzers for automotive parts testing, computer peripherals testing, battery-based telecom equipment, and others.
However, the spectrum analyzer market is refrained by high cost of specialized spectrum analyzers. The rising awareness about expenses related to spectrum analyzers among organizations of varied sizes has driven scrutiny from financial directors and controllers across different industries. This has led companies to devise strategies to manage the costs of the equipment better. Companies have started opting for different acquisition means, including rental and leasing services for spectrum analyzers .
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Segmentation
The global spectrum analyzer market is segmented into type, frequency range, form factor, end-user, and region.
By type, the market is segmented into swept tuned spectrum analyzer, vector signal spectrum analyzer, and real-time spectrum analyzer.
By frequency range, the market is segmented into less than 6 GHz, 6–18 GHz, and more than 18 GHz.
By form factor, the market is segmented into portable and benchtop.
By end-user, the market is segmented into automotive, aerospace & defense, IT & telecommunication, healthcare, semiconductor & electronics, and energy & utilities.
By region, the spectrum analyzer market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
Regional analysis
The global market for spectrum analyzer is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of spectrum analyzer market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
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Asia-Pacific holds the largest market share in global spectrum analyzer market. This growth is attributed to the growing penetration of spectrum analyzers in countries such as China, India, and South Korea. Moreover, the higher demand of spectrum analyzers among the consumer electronics companies and automotive manufacturers is helping the market grow. This has further led the companies to invest in development of high frequency spectrum analyzers. Spectrum analyzers are used for testing purposes by electronic component manufacturers operating regionally and globally.
Global Spectrum Analyzer Market, USD Million
Source: MRFR Analysis
Key Players
The key players in the spectrum analyzer market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Keysight Technologies (US), Rohde & Schwarz GmbH & Co., Kg (Germany), Fortive Corporation (US), Anritsu Corporation (US), Advantest Corporation, Cobham PLC (UK), Giga-Tronics Incorporated (US), Yokogawa Electric Corporation (Japan), National Instruments Corporation (US), and LP Technologies Inc (US). These players contribute a major proportion towards market growth.
Apart from the top key players, the other players contribute nearly 30–35 % in the spectrum analyzer market. These include Innovative Aaronia AG (Germany), Aim-TTi (UK), B&K Precision (US), Berkeley Nucleonics Corporation (US), Narda Safety Test Solutions (US), SAF Tehnika (Latvia), Saluki Technology (Taiwan), Signal Hound (US), Tektronix, Inc. (US), Transcom Instruments (China), Triarchy Technologies (Canada), Viavi Solutions (US), AR Modular RF (US) and others.
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Intended Audience
System integrators
Consultancy and advisory firms
Government Agencies
Consulting Firms
Research Institutes and Organizations
Technology Standards Organizations
About Kenneth Research
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