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The global Spectrum Analyzer Market Size is expected to attain a market size of $1.7 billion by 2023, rising at a CAGR of 8% during the forecast period.
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 signal frequency and amplitude in logarithmic scale. The global spectrum analyzer market would grow at a steady pace during the forecast period. The growing demand for wireless devices and vibrant semiconductor & electronic industry would drive the market for spectrum analyzers. The Spectrum analyzers have found to be extremely sensitive; therefore, are particularly useful in mechanical and electrical technical measurements. Incoming or transmitted signals are measured and frequencies are accordingly displayed.
The spectral results help to identify physical and electrical performance of various items. 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 region, Spectrum Analyzer market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia and Rest of Asia Pacific) and Latin America, Middle East & Africa. Asia Pacific remained the dominant region in the global Spectrum Analyzer market in 2016. Europe would witness promising CAGR during the forecast period (2017-2023).
The report covers the analysis of key stake holders of the Spectrum Analyzer market. Key companies profiled in the report include Keysight Technologies, Fortive Corporation, Cobham Plc., Giga-Tronics Incorporated, National Instruments Corporation, Teledyne Technologies Inc., Yokogawa Electric Corporation, and LP Technologies Inc.