Spectrum Analyzer Market by Offering (Product & Software) worth 1,750.0 Million USD by 2022
According to the new market research report "Spectrum Analyzer Market by Offering (Product & Software), Type (Swept-Tuned, Vector Signal, Real-Time), Range (<6 GHz, 6 GHz–18 GHz, >18 GHz), Form Factor (Handheld, Portable, Benchtop), Network Technology, End-User Industry - Global Forecasts to 2022", the overall spectrum analyzer market is expected to reach USD 1,750.0 Million by 2022, growing at a CAGR of 8.48% between 2016 and 2022. The major factors driving the growth of the spectrum analyzer market include the growing market for wireless technology, growth in the demand for spectrum analyzers with multi-tasking capabilities, technological advancement leading to innovation in spectrum analyzer offering, significant advancements in terms of bandwidth & frequency, and the growing trend of portability in the spectrum analyzer market.
“Spectrum analyzer Market for IT & telecommunication end-user industry expected to hold a major market share during the forecast period”
Spectrum analyzer has a huge opportunity for growth in the field of IT & telecommunication. The spectrum analyzer market is expected to continue to evolve in this industry. Considering the growth and demand in the field of IT & telecommunication, there is a huge necessity to develop infrastructure to cater to this demand and fulfill the needs of advanced technologies such as LTE, LTE-A, 4G, and 5G. Thus, this sector would be the prime end user for spectrum analyzers between 2016 and 2022.
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“Market for >18 GHz frequency range expected to grow at the highest rate between 2016 and 2022”
The spectrum analyzer market for the >18 GHz frequency range is expected to grow at the highest rate between 2016 and 2022. The >18 GHz range is also known as the super-high frequency range, in which super refers to super audio frequencies or frequencies above the audio range. In most of the high-end industries such as defense and IT & telecommunication, measurement and testing systems of a high frequency range (from 18 GHz to 85 GHz) are widely used; therefore, the market for spectrum analyzers with >18 GHz frequency range is estimated to grow at the highest rate.
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