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 expansion of technologies such as LTE, 3G, and 4G wireless networks is augmenting the demand for these analyzers for field applications across the globe.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the handheld spectrum analyzer value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
The global handheld spectrum analyzer market is well diversified owing to the presence of numerous regional, local and international players. The competition is expected to intensify further as a result of product extensions, technological innovations and mergers and acquisitions. The big international players are emphasizing on acquiring small local or regional firms to strengthen their market reach and offering. The major players discussed in this report include Thurlby Thandar Instruments Ltd. Advantest Corporation, AVCOM of Virginia, Inc., Anritsu Corporation, LP Technologies, Rohde & Schwarz, Keysight Technologies, and Fortive Corporation.
In the report, the handheld spectrum analyzer market has been segmented by type, end-use industry, and geography:
By End Use Industry
Semiconductor and Electronics
IT and Telecommunication
Aerospace and Defense
Middle East and Africa