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The Asia Pacific Spectrum Analyzer Market Size is anticipated to experience a growth rate of 8.9% CAGR during the forecast period (2017- 2023).
Spectrum analyzers are used in manufacturing and designing of field services, repairing electrical devices and check their performance, identify errors, and also troubleshoot accordingly. When electrical signals pass through a system, spectrum analyzers are used to analyze the signal frequency and amplitude in logarithmic scale. Growing adoption of portable and handheld spectrum analyzers with features such as multitasking and advancements in the bandwidth & frequency have been the major factors that have driven the growth of the spectrum analyzer market.
The growing demand for second-hand spectrum analyzer today is a major factor that would hinder the market growth. Asia Pacific is the leading market with the global context, due to leading semiconductor & electronics companies in China & India. The widespread adoption of spectrum analyzers in the region, due to significant investments in the aerospace & defense and IT & telecommunication sectors would drive the market in the region, and add to market growth.
Spectral analysis is majorly used in the IT & telecommunication, medical & healthcare, semiconductors & electronics, industrial & energy, and aerospace & defense sectors. Based on Products, the Spectrum Analyzer market is segmented into Benchtop, Portable, and Handheld. Based on Network Technologies, the market is segmented into Wireless and Wired. The verticals covered under the report include Semiconductor & Electronics, Telecom & IT, Industry & Energy Sector, Healthcare, Healthcare & Life Sciences, and Others.
Based on Country, Spectrum Analyzer market is segmented into China, Japan, India, South Korea, Singapore, Australia and Rest of Asia Pacific. China remained the dominant Country in the Asia Pacific Spectrum Analyzer market in 2016. Australia and South Korea would witness promising CAGR during the forecast period (2017-2023). The report covers the analysis of key stakeholders of the Spectrum Analyzer market. Key companies profiled in the report include Keysight Technologies, Forgive Corporation, Cobham Plc., Giga-Tronics Incorporated, National Instruments Corporation, Teledyne Technologies Inc., Yokogawa Electric Corporation, and LP Technologies Inc.