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As per the latest report by IMARC Group, titled “Spectrum Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global spectrum analyzer market experienced strong growth during 2014-2019. A spectrum analyzer refers to a test instrument that displays signal amplitude, which varies depending on the signal frequency. It exhibits the signal frequency on the horizontal axis, while the amplitude is shown on the vertical axis. As compared to its counterparts like an oscilloscope, it offers more information as it can display the signals over a range of frequencies. A spectrum analyzer helps organizations determine what modifications can be included for reducing interference and improving the performance of Wi-Fi systems and wireless routers. It is also used in the manufacturing and designing of field services, repairing electrical devices and checking their performances by identifying errors.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Spectrum Analyzer Market Trends:
The industry is currently experiencing strong growth on account of the flourishing electronics industry. Apart from this, the expanding applications of wireless technology in the automotive, telecommunications, healthcare and aerospace sectors are also strengthening the growth of the market. Moreover, there is a rise in the demand for wireless spectrum analyzers with multi-tasking capabilities that can meet the requirements of radar lab tests. Furthermore, the development of portable and handheld spectrum analyzers, in confluence with the overall operation of long-term evolution (LTE) services, which use the product for minimal interference and smoother communications, are fueling the market growth. Other factors anticipated to bolster the market growth are rapid industrialization and the increasing investments in research and development (R&D) activities in information technology (IT) and telecommunications. On account of these factors, the market is projected to grow at a CAGR of 8% during the forecast period (2020-2025).
Market Summary:
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