The portable spectrum analyzer market is projected to witness a CAGR of 11.03% during the forecast period.
A spectrum or signal analyzer measures the magnitude of an input signal versus frequency within the full frequency range of the instrument. The primary use is to measure the power of the spectrum of known and unknown signals. It is used for multiple applications like voice and data communications; video broadcast distributed via satellite, and digital video; radar, like radar transmitter test analysis; spectrum management and interference hunting; and Wireless local area network (WLAN) testing. A portable spectrum analyzer is a special form of analyzer which is compact and moveable in nature. They are easily transportable, making them widely popular in the telecommunication industry. With as many as 7.98 billion mobile subscriptions in 2019 according to a World Bank Report, the need for resilient connectivity is growing and a spectrum analyzer serves as an important tool in the process. These devices are light in weight, can endure extreme weather conditions, and have long battery life. They also have a wide range of applications ranging from automotive to the health industry. These attributes and applications help expand the market to reach an optimum size.
Portable spectrum analyzer Market, US$ million, 2019 to 2026
Source: Knowledge Sourcing Intelligence Analysis
By type, 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. By end-user, IT and telecommunication capture the largest share. The medical equipment and healthcare industry sectors are expected to experience strong growth in the market. In these sectors, spectrum analyzers, used in conjunction with signal generators, are essential for the testing and calibration of certain medical devices. Geographically, North America accounted for the largest share of the market. However, the Asia-Pacific region is expected to grow at a high rate. Asia-Pacific has a budding market in the semiconductor and electronics or automotive sectors.
Portable spectrum analyzer Marketshare, by geography
Source: Knowledge Sourcing Intelligence Analysis
Rapid technological advancements in wireless technology coupled with increasing investment in application areas such as automotive, aerospace, and defense are boosting the portable spectrum analyzer market growth. Wireless data along with the expansion of technologies such as LTE, 3G, and 4G wireless networks is augmenting the demand for these analyzers. The applications of the analyzers in several industries fuel its market growth. They are used to detect phase noise, signal levels, distortions, frequency, and spectral masks.
Far-reaching research and development (R&D) activities in the field of information technology (IT) and telecommunications will drive up market growth. The newer models are incorporated with LED screens, antennas, high-frequency detectors, long battery life, light-weight, and lower uncertainty level.
One of the major cons of a spectrum analyzer is the cost-effectiveness with maximum features. This has led to the creation of a second-hand market. The used spectrums are refurbished and often come at a lower cost, contracting the market for first-hand products. These used analyzers are readily available on online platforms. Spectrum analyzer manufactures have also started selling second-hand devices through online and offline platforms, intending to grow. The growth of the cast-off market may act to bring a challenge to the market growth.
Since the outbreak of Covid-19 as a global pandemic, there has been a downturn in the manufacturing, tourism, and financial sectors worldwide. With the lockdowns and restrictions imposed by the nations, resources have been immobile. The telecommunication industry is focused on increasing network resiliency as the ongoing shift to remote work will drive demand for networking infrastructure and connectivity. This has driven up the demand for portable spectrum analyzers which are avidly used to measure signal strength and frequency. The expanding healthcare sector is also providing a market for these analyzers. However, the labor-intensive industries which make use of these analyzers like automotive and industries are showing a contracting demand. The long-run effect of the pandemic is yet to be observed.
The market leaders for the Portable Spectrum Analyzer Market are Advantest Corporation, Viavi Solutions Inc., Anritsu Corporation, Good Will Instruments Co. Ltd, and LP Technologies. The key players in the market implement growth strategies such as product launches, mergers, and acquisitions, etc. to gain a competitive advantage over their competitors. For Instance,
|Growth Rate||CAGR of 11.03% during the forecast period|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Advantest Corporation, Viavi Solutions Inc., Anritsu Corporation, Good Will Instruments Co. Ltd, LP Technologies|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the portable spectrum analyzer market?
A1. The portable spectrum analyzer market is projected to witness a CAGR of 11.03% during the forecast period.
Q2. Who are the major players in the portable spectrum analyzer market?
A2. The market leaders for the portable spectrum analyzer market are Advantest Corporation, Viavi Solutions Inc., Anritsu Corporation, Good Will Instruments Co. Ltd, and LP Technologies.
Q3. How is the global portable spectrum analyzer market segmented?
A3. The global portable spectrum analyzer market has been segmented by type, end-user industry, and geography.
Q4. What factors are anticipated to drive the portable spectrum analyzer market growth?
A4. Rapid technological advancements in wireless technology coupled with increasing investment in application areas such as automotive, aerospace, and defense are boosting the portable spectrum analyzer market growth.
Q5. Which region holds the largest market share in the portable spectrum analyzer market?
A5. Geographically, North America accounted for the largest share of the portable spectrum analyzer market.
Viavi Solutions Inc.
Good Will Instruments Co. Ltd
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