Market Trends of Spectrum and Signal Analyzers Industry
This section covers the major market trends shaping the Spectrum & Signal Analyzers Market according to our research experts:
Automotive Segment is Expected to Witness Significant Growth
- The automotive industry is projected to witness considerable growth in the spectrum and signal analyzers market. The critical factor attributed to the development of spectrum analyzers in this sector is the rising demand for wireless technology, surging demand from the automotive industry with multi-tasking capabilities, and others. The spectrum analyzer's performance rises to meet automotive radar test requirements. The spectrum analyzer is equipment in the lab or production floor in these high-frequency applications.
- Additionally, precise verification of automotive radar systems is being undertaken strictly for heightened safety on the road. Several vendors, like Keysight, offer solutions for the same. The Keysight E8740A automotive radar signal analysis and generation solution facilitates the analysis and generation of automotive radar signals across the 24 GHz, 77 GHz, and 79 GHz radar frequencies and is capable of addressing growing bandwidths of 5 GHz and beyond.
- The growth of the automotive industry is also dependent on the growth of network and communication technologies such as 5G. In May 2022, Keysight Technologies, Inc., a technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world; FormFactor, Inc., a provider of basic test and measurement technologies along the complete IC life cycle; DMPI Inc., a developer of millimeter-wave and terahertz probe technology; and Virginia Diodes, Inc., who designs and produces millimeter wave and terahertz devices, components, and systems, have joined forces to deliver a new 170 GHz / 220 GHz Broadband Vector Network Analysis (VNA) Solution that shortens design and verification cycles for 5G and emerging 6G applications.
- The joint solution, Keysight's new 220 GHz Broadband Network Analyzer, would enable customers to address the needs of 5G and future 6G technologies that will significantly impact communications through the internet of things and ubiquitous wireless connections.
- Further, the automotive test solutions of players like Anritsu validate the operation of connected car communications systems, ensuring that quality products reach the market on time. The company provides high-performance test solutions for a variety of automotive applications.
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Asia-Pacific Expected to Witness Significant Growth
- The Asia-Pacific region is expected to grow at a considerable pace throughout the study period. The tremendous expansion of this area is being driven by important nations, including China, South Korea, Singapore, Japan, and India. Burgeoning infrastructures and an expanding population are also supporting the market. For instance, in September 2022, China transferred 300 billion yuan more earmarked for infrastructural projects via three state planning banks.
- There is an increasing demand for spectrum analyzers among automotive manufacturers and consumer electronics companies, further helping the market expand across the region. This has resulted in companies investing in the development of high-frequency spectrum analyzers.
- Anritsu Corporation, a Japanese company, has introduced wireless signal analyzer products from DC to 44.5 GHz and extendable to 325 GHz. Anritsu spectrum analyzers can capture wideband signals, but FFT technology supports multifunction signal analyses in both the time and frequency domains.
- Furthermore, product launches by major companies are also expected to contribute to market growth. For instance, in August 2022, Anritsu Corporation confirmed the release of its single initial sweep NVA-spectrum analyzer product, which supports frequencies from 70 kHz to 220 GHz.
- Due to the prominence of China and India's top semiconductor and electronics firms, the market in the Asia Pacific is expected to grow. The region's market will be driven by and contribute to market expansion through the widespread deployment of spectrum analyzers as a result of large expenditures in both IT & telecom and aviation & military industries. For instance, in September 2022, Start-up in space technology, Skyroot Aerospace, secured USD 51 million in a fundraising round headed by GIC India Direct Investment Group. According to the company, this is the most significant funding transaction in the Indian space-tech sector.
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