Spectrum Analyzer Market - By Frequency Range (<6 GHz, 6 GHz–18 GHz, >18 GHz), By Form Factor (Handled Spectrum Analyzer, Portable Spectrum Analyzer, Benchtop Spectrum Analyzer), By Network Technology (Wired, Wireless), By End User & Forecast, 2024 – 2032

Spectrum Analyzer Market Size

Spectrum Analyzer Market was valued at over USD 1.5 billion in 2023 and is anticipated to grow at a CAGR of over 9% between 2024 and 2032. With the expansion of the aerospace and defense sector, the demand for spectrum analyzers across various applications including RF signal intelligence, radar testing, satellite communication, spectrum monitoring, and defense-related test and measurement activities is rising significantly.
 

As military organizations invest in advanced RF technologies and modernize their defense capabilities, the spectrum analyzer market is poised to experience continued growth and innovation to meet the evolving requirements of the aerospace and defense industry. For instance, in August 2023, Aaronia AG launched the SPECTRAN V6 MIL, a military-standard outdoor real-time spectrum analyzer for processing and storing I/Q data.
 

The rising adoption of spectrum analyzers in testing and measurement is driven by the increasing demand for accurate and reliable analysis of RF (Radio Frequency) signals in various industries and applications. Spectrum analyzers play a crucial role in providing precise measurements and insights into the spectral characteristics of signals, ensuring optimal performance and compliance with industry standards. For instance, in August 2022, Anritsu Company enhanced its VectorStar vector network analyzer (VNA) family with comprehensive spectrum analysis capability to create a VNA-spectrum analyzer solution that supports 70 kHz to 220 GHz. With the spectrum analyzer option installed, VectorStar can conduct single connection VNA and spectrum-based measurements to create a more efficient and accurate testing environment to verify active and passive devices during the design, troubleshooting, or characterization stages.
 

Spectrum analyzers incorporate intricate and complex technology, requiring specialized knowledge and skills for operation, calibration, and data interpretation. The complexity of spectrum analysis techniques and instrumentation creates a major challenge for users, particularly in areas with limited expertise in RF engineering and test and measurement.
 

Spectrum Analyzer Market Trends

Modern spectrum analyzers offer advanced measurement capabilities that cater to the diverse needs of labs. Features such as real-time spectrum analysis, vector signal analysis, and wideband signal capture enable researchers to capture and analyze complex RF signals with detail and accuracy, supporting advanced research in areas such as cognitive radio, software-defined radio (SDR), and 5G communications. For instance, in February 2023, Anritsu Company launched its Field Master MS2070A handheld spectrum analyzer. Providing necessary features and performance up to 3 GHz, the MS2070A conducts reliable and accurate RF measurements in a variety of general-purpose fields, labs, and manufacturing environments.
 

With the increasing demand for field and on-site measurements in various applications, there is a growing trend towards compact and portable spectrum analyzers. Manufacturers are developing handheld and battery-operated spectrum analyzers with ruggedized designs, user-friendly interfaces, and wireless connectivity options for portable spectrum analysis in field environments such as RF site surveys, spectrum monitoring, and interference hunting. For instance, in July 2023, Keysight Technologies, Inc. expanded its FieldFox portfolio with the N9912C FieldFox Handheld Analyzer, a software-defined RF testing platform offering field engineers more than 20 Vector Network Analyzer (VNA), Cable and Antenna Tester (CAT), and Spectrum Analyzer (SA) options for upgrade and download. 
 

Spectrum Analyzer Market Analysis

Based on form factor, the market is segmented into handled spectrum analyzer, portable spectrum analyzer, and benchtop spectrum analyzer. In 2023, the handled spectrum analyzer segment dominated the market with a share of over 25%.
 

• Handheld spectrum analyzers are increasingly being tailored to application-specific requirements through customizable options, specialized accessories, and software-defined features. This customization allows users to optimize their analyzers for specific tasks, industries, and frequency bands, enhancing efficiency and productivity in their respective fields. For instance, in May 2023, Siglent developed its first handheld spectrum and vector network analyzer. It is suitable for portable handheld operation with an included battery pack for four hours of operation and is aimed at communication engineering, radio management, and telecom operation and maintenance.

Based on network technology, the market is divided into wired and wireless. Wireless segment is the fastest growing and is anticipated to expand at a CAGR of over 10% between 2024 and 2032.
 

• With the adoption of millimeter-wave (mmWave) frequencies for 5G and other wireless applications, there is a growing need for spectrum analyzers capable of operating in the mmWave frequency bands. Spectrum analyzers with extended frequency coverage, high-resolution displays, and advanced signal processing capabilities enable accurate analysis and characterization of mmWave signals, facilitating the development and deployment of mmWave technologies. For instance, in September 2020, Rohde & Schwarz upgraded its R&S FSW signal and spectrum analyzer to 8.3 GHz internal analysis bandwidth. With the new R&S FSW-B8001 option, the R&S FSW high-end signal and spectrum analyzer supports 8.3 GHz internal analysis bandwidth.

Asia Pacific spectrum analyzer market is poised to sustain a robust compound annual growth rate (CAGR) exceeding 10.5% from 2024 to 2032. This growth is supported by the region's rapid economic expansion, coupled with the industries developing products for various sectors such as telecommunications, aerospace, defense, electronics, and research laboratories. The adoption of spectrum analyzers extends to a wide range of applications, including wireless technologies, IoT devices, satellite communications, and automotive radar systems, further fueling market growth in Asia Pacific. Moreover, the rising emphasis on regulatory compliance, network optimization, and spectrum management initiatives enhances the demand for spectrum analyzers across diverse industries.
 

Spectrum Analyzer Market Share

Keysight Technologies and Rohde & Schwarz GmbH & Co KG hold a significant share of over 15%. Keysight Technologies is a leading provider of electronic design and test solutions, with a significant presence in the market. Renowned for its innovative products and cutting-edge technologies, Keysight serves a diverse range of industries including telecommunications, aerospace, defense, automotive, and semiconductor. In the spectrum analyzer industry, Keysight offers a comprehensive portfolio of high-performance instruments designed to meet the evolving needs of engineers and researchers.
 

Rohde & Schwarz GmbH & Co KG is a leading global provider of test and measurement equipment, including spectrum analyzers. With a rich history spanning over 80 years, Rohde & Schwarz has established itself as a trusted name in the industry, known for its innovative solutions, reliability, and precision.
 

Spectrum Analyzer Market Companies

Major players operating in the market are:

• Keysight Technologies
• Rohde & Schwarz GmbH & Co
• Anritsu Corporation
• Advantest Corporation
• B&K Precision Corporation
• Giga-tronics Incorporated
• National Instruments Corporation
   

Spectrum Analyzer Industry News

• In September 2023, Teledyne LeCroy launched its new WaveMaster 8000HD high-bandwidth, high-definition oscilloscope (HDO) platform with models from 20 to 65 GHz of bandwidth, 12 bits of resolution, up to 320 GS/s of sample rate and 8 gigapoints (Gpts) of acquisition memory.
   
• In November 2021, Rohde & Schwarz added new frequency ranges to its portable all-rounder spectrum analyzers. The new base models for the portable R&S FPL1000 take spectrum and signal analysis capabilities up to 26.5 GHz. They combine the functionality of benchtop instruments and the portability of a handheld instrument.
   

The spectrum analyzer market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Frequency Range

• <6 GHz
• 6 GHz–18 GHz
• >18 GHz

Market, By Form Factor

• Handled Spectrum Analyzer
• Portable Spectrum Analyzer
• Benchtop Spectrum Analyzer

Market, By Network Technology

• Wired
• Wireless

Market, By End User

• Residential Automotive & Transportation
• IT & Telecommunication
• Medical & Healthcare
• Semiconductor & Electronics
• Industrial & Energy
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA