Global Handheld Spectrum Analyzer Market - 2023-2030

Market Overview

The Global Handheld Spectrum Analyzer Market reached US$ 411.4 million in 2022 and is expected to reach US$ 798.5 million by 2030 growing with a CAGR of 8.4% during the forecast period 2023-2030.

Handheld spectrum analyzers offer the advantage of portability and ease of use which is a major market driving factor. The device is compact, lightweight, and designed to be operated with one hand, making them suitable for field applications and on-site measurements. Furthermore, the emphasis on field applications, portability, and convenience has led to the development of advanced handheld spectrum analyzers that offer a combination of performance, functionality, and mobility. As wireless communication technologies continue to evolve, the handheld spectrum analyzer market is expected to witness further growth in the coming years.

The handheld spectrum analyzer market is competitive, with several established and emerging players covering more than 63.8% globally offering a wide range of products. The key companies in the market include Keysight Technologies, Anritsu Corporation, Rohde & Schwarz, Tektronix, and Bird Technologies which holds more than half of the share at the global level in the market.

Market Dynamics

Increasing Global Usage of Wireless Electronics Devices

The expansion of wireless networks, including cellular networks (2G, 3G, 4G, and 5G), Wi-Fi networks, and other wireless communication systems, requires thorough testing, analysis, and optimization. Handheld spectrum analyzers are essential tools for technicians and engineers to perform on-site measurements, analyze signal quality, detect interference, and ensure proper network performance. The growth in wireless network deployment drives the demand for handheld spectrum analyzers. Companies are also investing in technology due to the rising demand for wireless electronic devices.

For instance, on May 5, 2023, Spectrum Connect, a family of handheld spectrum analyzers offered by SAF Tehnika, launched a new version of the product with a frequency range of 10 MHz to 3000 MHz. Seven handheld spectrum analyzers are available, each specializing in a different frequency band and covering a range from 10 MHz to 87 GHz. Numerous communication applications, ranging from broadcasting and public safety to transportation and wireless electronic warfare, can make use of Spectrum Compact field-ready analyzers for monitoring and troubleshooting RF parameters.

Growing Industry Application

Handheld spectrum analyzers find applications in various industries, including telecommunications, aerospace and defense, broadcasting, public safety, and manufacturing. These industries rely heavily on wireless communication systems, making handheld spectrum analyzers indispensable for installation, maintenance, testing, and troubleshooting activities.

The telecommunications industry is one of the major drivers of the handheld spectrum analyzer market. With the continuous evolution of wireless communication technologies and the deployment of new wireless networks like 5G, there is a growing need for handheld spectrum analyzers to ensure network performance, conduct field testing, troubleshoot network issues, and optimize signal quality. The telecommunications sector heavily relies on handheld spectrum analyzers for network planning, installation, and maintenance.

High Product Cost

The high cost of handheld spectrum analyzers can act as a deterrent for potential customers, especially small businesses or organizations with limited budgets. Manufacturers and industry players often strive to address this challenge by offering more affordable options, introducing pricing tiers based on customer requirements, and emphasizing the value and benefits that handheld spectrum analyzers bring to various industries and applications.

The price range for handheld spectrum analyzers can vary depending on various factors such as brand, model, frequency range, performance, and additional features. For instance, Entry-level handheld spectrum analyzers typically offer basic functionalities and have a limited frequency range. These models are more affordable and generally range from around US$ 500 to US$ 2,000. Whereas the prices for high-end handheld spectrum analyzers can range from US$ 10,000 to US$ 50,000 or more, depending on the specifications and capabilities.

COVID-19 Impact Analysis

The COVID-19 outbreak has both positive and negative impacts on the global handheld spectrum market. For instance, the pandemic led to a surge in remote work, online learning, and virtual communication. This increased reliance on wireless networks and the need for efficient spectrum analysis to ensure network performance and stability. Handheld spectrum analyzers became essential tools for technicians and engineers to monitor and optimize wireless networks in remote work setups.

However, the pandemic disrupted global supply chains, including the production and distribution of handheld spectrum analyzers. Manufacturers faced challenges in sourcing components and raw materials, leading to delays in production and delivery. Although, the changing conditions across the globe are expected to regain the market momentum in the forecast period.

Segment Analysis

The global handheld spectrum analyzer market is segmented based on type, offering, frequency range, network technology, end-user and region.

Increasing Demand For Wireless Communication And The Need For Accurate And Reliable Frequency Analysis

The IT & telecommunication segment is expected to show significant growth in the global handheld spectrum analyzer market. The growth is due to the continuous evolution of wireless communication technologies and the deployment of new wireless networks like 5G, there is a growing need for handheld spectrum analyzers to ensure network performance, conduct field testing, troubleshoot network issues, and optimize signal quality. The telecommunications sector heavily relies on handheld spectrum analyzers for network planning, installation, and maintenance.

Furthermore, government initiatives to develop telecommunication infrastructure and increasing investment in R&D for communication and technology have also contributed to the growth of the handheld spectrum analyzer market in the IT & telecommunications industry. This industry's handheld spectrum analyzer market is expected to grow in the coming years due to the increasing demand for reliable and efficient communication systems.

Geographical Analysis

Asia-Pacific's Growing Demand For Wireless Communication and IoT Devices

The Asia-Pacific market is predicted to increase rapidly, driven by increased research and development in the field of spectrum analyzers in terms of new and growing areas of application and rising demand for innovative technologies such as spectrum analyzers. In addition, the region is an essential market for various industries, including semiconductors and electronics, 5G technology, automotive, and healthcare. Manufacturers in the region are working on new product developments in the product market.

For instance, on October 25, 2022, the Field MasterTM MS2080A, a multi-functional spectrum analyzer that combines nine instruments into a single solution for time and cost efficiencies in the most difficult field environments, was introduced by Anritsu Company. The MS2080A, which has unmatched performance and features for a small and portable spectrum analyzer and has a frequency range of 9 kHz to 4 GHz, offers particular advantages for interference detection and 5G/LTE base station installation and maintenance (I&M) tasks. Furthermore, these factors drive the growth of the Asia-Pacific handheld spectrum analyzer market.

Competitive Landscape

The major global players include: Keysight Technologies, Rohde & Schwarz, Fortive Corporation, Anritsu Corporation, Bird, SAF Tehnika, AaroniaUSA, Advantest Corporation, LP Technologies and EXFO Inc.

Why Purchase the Report?

• To visualize the global handheld spectrum analyzer market segmentation based on type, offering, frequency range, network technology, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of handheld spectrum analyzer market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global handheld spectrum analyzer market report would provide approximately 77 tables, 84 figures and 217 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies