Spectrum Analyzer Market Size To Hit USD 3.17 Billion By 2032 At A CAGR Of 7.51% | Research By SNS Insider

Austin, Jan. 07, 2025 (GLOBE NEWSWIRE) -- market Size & Growth Insights:

According to the SNS Insider,“The Spectrum Analyzer Market Size was valued at USD 1.66 Billion in 2023 and is expected to reach USD 3.17 Billion by 2032 and grow at a CAGR of 7.51% over the forecast period 2024-2032.”

Advancing Communication Technologies Propel Spectrum Analyzer Market Growth

The spectrum analyzer market is expanding rapidly, driven by advanced communication technologies like 5G and IoT, which elevate the need for precise frequency analysis and signal integrity testing. These analyzers play a critical role in research and development across industries such as telecommunications, aerospace, and defense. As electronic devices grow increasingly complex, testing equipment must meet stringent standards, incorporating software-defined radio technology to enhance flexibility, functionality, and advanced measurement capabilities. The growing demand for wireless communication and spectrum management, especially in crowded frequency bands requiring constant monitoring and troubleshooting, further fuels market growth. Technological advancements, including small form factor and portable spectrum analyzers, make these tools more accessible and user-friendly, reinforcing their market presence. In the U.S., sales in 2023 reached nearly 47,000 units, primarily driven by 5G rollout and high demand from IT, telecommunications, and defense sectors. Notably, the defense sector, with spending at USD 916 billion, relies on spectrum analyzers for military communication system design and maintenance.

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Leading Market Players with their Product Listed in this Report are:

• Keysight Technologies (E4407B, N9030A)
• Tektronix, Inc. (RSA5000, MDO3000)
• Rohde & Schwarz (FSV3000, FSW)
• Anritsu Corporation (MS2830A, MT8221B)
• Fluke Corporation (DSX-5000, 430 Series II)
• B&K Precision (Model 855, Model 861)
• Signal Hound (BB60C, SM200A)
• National Instruments (PXIe-5663, PXIe-5607)
• Agilent Technologies (N9038A, E4406A)
• Yokogawa Electric Corporation (AQ6370D, AQ6375)
• Bird Technologies (PMM-220, PMM-30)
• S.A.E. Manufacturing (SMT-Spectrum Analyzer, SPM-Spectrum Analyzer)
• Advantest Corporation (T5580, R5361)
• Chroma ATE Inc. (Chroma 8000, Chroma 8000A)
• Ametek Programmable Power (PXI-4000, 6200 Series)
• Ono Sokki Co., Ltd. (CF-9200, CF-9200L)
• GW Instek (GSP-930, GSP-830)
• Hameg Instruments (HM7030, HM6020)
• Tabor Electronics (WaveX, WT3)
• Viavi Solutions (MTS-5800, T-BERD/MTS-5800)

Spectrum Analyzer Market Report Scope:

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Market Analysis of Spectrum Analyzers by Offering, Product Type, Network Type, Analyzer Type, and End-User in 2023

By Offering

In 2023, hardware led the spectrum analyzer market with a 58% share, valued for its accuracy in high-frequency signal testing in critical sectors like defense and telecom.

software-based analyzers, growing at an 8% CAGR, gain traction for their flexibility, cost-efficiency, and integration with IoT, 5G, and cloud systems, driving adoption in industries embracing digital transformation.

By Product Type

In 2023, benchtop spectrum analyzers led with a 44% market share, valued for their accuracy and advanced functionalities in sectors like telecommunications, aerospace, and defense.

Handheld analyzers, growing at a CAGR of 8.38%, are gaining traction for their portability, cost-effectiveness, and suitability for on-site testing and remote monitoring in industries like maintenance, broadcasting, and telecommunications.

By Network Type

In 2023, wireless network technology dominated the spectrum analyzer market with a 54% share, driven by the adoption of 5G, IoT, and Wi-Fi 6. Growing at a 7.63% CAGR, wireless applications are fueled by smart cities, autonomous vehicles, and connected devices, requiring spectrum analyzers for signal integrity, regulatory compliance, and network optimization across industries like telecommunications and aerospace.

By Analyzer Type

The Swept-Tuned Spectrum Analyzer held a 24% market share in 2023, valued for its reliability, cost-effectiveness, and broad industrial use.

Vector Signal Analyzers, growing at a 9.46% CAGR, excel in analyzing complex modulated signals critical for advanced wireless technologies like 5G and IoT, offering precise amplitude and phase insights for modern communication system development.

By End User

In 2023, IT and Telecommunications led the spectrum analyzer market with a 32% share, driven by rapid wireless network expansion and the rollout of 5G technologies.

With a projected CAGR of 7.94%, growth is fueled by advancements in communication protocols, IoT device deployment, and smart technologies. This creates a need for precise spectrum management to ensure optimal performance and reliability in increasingly complex communication systems.

Regional Dynamics Driving Growth in the Spectrum Analyzer Market: North America's Leadership and Asia-Pacific's Rapid Expansion

North America holds the largest market share for spectrum analyzers at 35%, driven by advanced telecommunications infrastructure, robust research and development, and a concentration of major industry players. The region's early adoption of new technologies like 5G, which demands precise signal analysis and monitoring, further boosts market growth. Strict regulatory compliance increases the need for accurate spectrum analyzers, broadening their application across various sectors. Meanwhile, Asia-Pacific is the fastest-growing market, with an 8.01% CAGR, fueled by significant investments in telecommunication infrastructure, particularly in emerging economies like India and China. The rise of IoT applications and smart city projects in the region is expected to further accelerate the adoption of advanced spectrum analysis tools.

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Recent Development

• September 24, 2024: Keysight Technologies expanded its PNA-X Vector Network Analyzer portfolio with the launch of the NA520xA PNA-X. This highly configurable VNA features four RF signal sources, two internal combiners, and two low-noise receivers, simplifying complex component characterization. It accelerates the RF development process by reducing test cycle time and minimizing potential errors, helping engineers validate designs more efficiently.
• April 30, 2024: Tektronix released SignalVu Spectrum Analyzer Software Version 5.4, enhancing multi-channel modulation analysis with support for up to eight simultaneous signals. This update improves productivity and insight, enabling engineers to use oscilloscopes for wireless system testing, eliminating the need for dedicated testers. The software supports up to 26 wireless modulation schemes, including 1024QAM, catering to advanced RF and wireless communication system requirements.

T able o f Contents - Major Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

5.1 Spectrum Analyzer Growth Rate by Region

5.2 Spectrum Analyzer Customer Segmentation

5.3 Spectrum Analyzer Competitive Landscape

5.4 Spectrum Analyzer Regulatory Compliance Trends

5.5 Spectrum Analyzer Technology Development, 2023

6. Competitive Landscape

7. Spectrum Analyzer Market Segmentation, by Offering

8. Spectrum Analyzer Market Segmentation, by Product Type

9. Spectrum Analyzer Market Segmentation, by Network Technology

10. Spectrum Analyzer Market Segmentation, by Analyzer Type

11. Spectrum Analyzer Market Segmentation, by End-User Industry

12. Regional Analysis

13. Company Profiles

14. Use Cases and Best Practices

15. Conclusion

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