The portable spectrum analyzer market is projected to grow at a CAGR of 9.68% to reach US$564.979 million by 2023, from US$324.531 million in 2017. Rapid technological advancements in wireless technology coupled with increasing investment in application areas such as automotive, aerospace and defense is boosting the global portable spectrum analyzer market growth. An increase in the number of outside applications for is driving the demand for portable spectrum analyzers globally. Advancements in Read more...
Global Rack Mounted Spectrum Analyzer market is projected to witness a compound annual growth rate of XX.XX% during the forecast period to reach a total market size of US$XX.XX billion by 2022, increasing from US$XX.XX billion in 2017. Limited space availability along with growing need for multiple spectrum analyzers boosts the demand for rack mounted spectrum analyzers worldwide in order to provide space saving advantage to end-use industry. Rising demand for spectrum analyzers for remote data Read more...
The handheld spectrum analyzer market is projected to witness a compound annual growth rate of 9.86% during the forecast period to reach a total market size of US$498.199 million by 2023, increasing from US$283.421 million in 2017. Rapid technological advancements in wireless technology coupled with increasing investment in application areas such as automotive, aerospace and defense are boosting the global handheld spectrum analyzer market growth. Rapid growth of wireless data along with the exp Read more...
The vector network analyzer market is projected to witness a compound annual growth rate of 3.93% during the forecast period to reach a total market size of US$539.479 million by 2023, increasing from US$428.00 million in 2017. The vector network analyzer is a type of radio frequency (RF) network analyzer generally utilized for RF design applications. This analyzer is a test framework that empowers the RF execution of radio frequency (RF) and microwave devices. The global market for vector netwo Read more...
Chromatography instruments market is projected to witness a compound annual growth rate of 8.06% during the forecast period, reaching a total market size of US$12.776 billion in 2023 from US$8.023 billion in 2017. Chromatography is a technique of separating the mixture by passing it in a solution or suspension through a medium in which the components move at different rates. Increasing demand for chromatography instruments is arising from its advantages during drug development and in clinical re Read more...
The vibration monitoring system market is predicted to witness a compound annual growth rate of 5.56% during the forecast period to reach a total market size of US$2.035 billion by 2023, increasing from US$1.471 billion in 2017. Rapid growth of industries like manufacturing, construction and many others across the globe is a major driver for this market. Expansion of manufacturing facilities, owing to the growth of these industries, is increasing the demand for vibration monitoring systems. Furt Read more...
The global testing, inspection, and certification market was valued at US$204.37 billion in 2017 and is projected to expand at a CAGR of 4.76% over the forecast period to reach US$270.21 billion by 2023. The shift towards a tougher and complex regulation and standard across a variety of industries is driving the testing, inspection, and certification market. Moreover, the increasing trend of globalization along with the rapid growth in the exported goods from the developing to the developed nati Read more...
Non-destructive testing market is projected to witness a compound annual growth rate of 7.91% during the forecast period, reaching a total market size of US$19.596 billion in 2023 from US$12.410 billion in 2017. Non Destructive Testing (NDT) refers to the examination of different components and materials for flaws without harming the object being tested. Escalating costs of machine failures in several end-use industries is the key driver of this market. Rising complexity of machines and equipm Read more...
The global explosion proof equipment market is anticipated to grow at a CAGR of 7.26% during the forecast period to reach a total market size of US$10.173 billion by 2023, increasing from US$6.681 billion in 2017. Technological advancements in the industry have led to the intensive use of heavy equipment to carry out the manufacturing processes, most of which involve the emission of inflammable gases and dust particles. This creates an environment prone to explosions and thus, increases the need Read more...
The global failure analysis market is expected to grow at a CAGR of 6.80% to reach a market size of US$9.315 billion by 2023, increasing from US$6.277 billion in 2017. Failure analysis is the timely analysis of possible ways of malfunction of electrical, mechanical and electronic components of a system in order to prevent the safety or environment hazards. This analysis is done in almost every industry to ensure workers’ safety from future accidents. Rising investments in R&D activities al Read more...
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