The size of the spectrum analyzer market is expected to reach $1.75 billion by 2022, growing at a CAGR of 8.48 percent between 2016 and 2022.
The growing market for wireless technology, growth in the demand for spectrum analyzers with multi-tasking capabilities, technological advancement leading to innovation in spectrum analyzer offering are the main factors driving the growth of the spectrum analyzer market.
The other factors include significant advancements in terms of bandwidth & frequency, and the growing trend of portability in the spectrum analyzer market, according to a telecom research report published by MarketsandMarkets.
The necessity to develop infrastructure to cater to the needs of advanced technologies such as LTE, LTE-A, 4G, and 5G will make the telecom sector the prime end user for spectrum analyzers between 2016 and 2022.
The report said spectrum analyzer market for the >18 GHz frequency range is expected to grow at the highest rate between 2016 and 2022. In most of the high-end industries such as defense and IT & telecommunication, measurement and testing systems of a high frequency range (from 18 GHz to 85 GHz) are widely used.
Spectrum analyzers have a strong demand in Asia Pacific owing to the increasing focus of the region toward automotive, telecommunication, and healthcare sectors. Asia Pacific is a major market for sectors such as semiconductor, electronics and healthcare among others.
Keysight Technologies, Rohde & Schwarz, Fortive, Anritsu, Advantest, Cobham, Yokogawa Electric, National Instruments and Teledyne are the some of the leading suppliers of spectrum analyzers for the telecom industry.
