- The global market for spectrum analyzers is estimated according to a study* proposed by MarketsandMarkets at nearly US$1 billion in 2015.
- This market is expected to grow at an average annual rate of 8.48% between 2016 and 2022 to reach $1,750 million by 2022.
(*) Spectrum Analyzer Market by Offering (Product & Software), Type (Swept-Tuned, Vector Signal, Real-Time), Range (<6 GHz, 6 GHz–18 GHz, >18 GHz), Form Factor (Handheld, Portable, Benchtop), Network Technology, End-User Industry – Global Forecasts to 2022
The growth of the spectrum analyser market is of course driven by the constant development of wireless communication technologies.
Swept-tuned spectrum analyzers are expected to represent a significant market share over the forecast period due to their wide usage, extended frequency coverage and advances in signal analysis exploited by wireless telecommunications technologies such as 3G, 4G, 5G and LTE.
The table spectrum analyzer is expected to maintain a significant market share over the forecast period.
The medical equipment and healthcare industry sectors are expected to experience the strongest growth in the spectrum analyzer market between 2016 and 2022. In these areas, spectrum analyzers, used in conjunction with signal generators, are essential for the testing and calibration of certain medical devices.
In 2015, North America accounted for the largest share of the spectrum analyzer market. However, the Asia-Pacific region is expected to grow at a high rate between 2016 and 2022. Asia-Pacific has become a major market in the semiconductor and electronics or automotive sectors.
According to the study, the main obstacles to the growth of the spectrum analyser market are the need for high-performance spectrum analysers at an affordable price and the development of the second-hand spectrum analyser market.
