The rising demand for wireless technology, growth in the demand for spectrum analyzers with multi-tasking capabilities, technological advancements leading to innovation in product offering, significant advancements in terms of bandwidth & frequency, and the growing trend of portability in the studied market.
The swept-tuned spectrum analyzer market is expected to hold a major share during the forecast period because of factors such as the wide usage of spectrum analyzer compared to other types, maximum frequency coverage, and increasing advancements in terms of new-generation connectivity platforms such as 3G, 4G, 5G, and LTE in the coming years. Additionally, swept-tuned spectrum analyzer and vector signal spectrum analyzer are the traditional types of spectrum analyzers. They are widely used in high-end industries such as A&D, telecommunication, medical, and industrial sector.
The overall spectrum analyzer market was valued at USD 999.2 Million in 2015 and is expected to reach USD 1,750.0 Million by 2022, at a CAGR of 8.48% between 2016 and 2022.
The growth of the studied market is driven by factors such as the rising demand for wireless technology, growth in the demand for spectrum analyzers with multi-tasking capabilities, technological advancements leading to innovation in product offering, significant advancements in terms of bandwidth & frequency, and the growing trend of portability in the studied market.
No comments:
Post a Comment