Spectrum Analyzer Market to reach US$ 2,439.8 Mn by 2026 - TMR

Posted by Sakshi Mishra on November 28th, 2019

According to a new market research report titled ‘Spectrum Analyzer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research the global spectrum analyzer market is expected to reach value of US$ 2,439.8 Mn by 2026, expanding at a CAGR of 7.8% from 2018 to 2026. According to the report, the global market is expected to be influenced by a range of macroeconomic and market-specific factors during the forecast period. In terms of demand, Asia Pacific is projected to lead the global market, with the market in the region expanding at a CAGR of 8.3% between 2018 and 2026. Growing adoption of wireless spectrum analyzers and increasing demand for real-time spectrum analysis are anticipated to significantly drive the market during the forecast period.

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The global spectrum analyzer is projected to expand at a significant growth rate during the forecast period, due to the increasing adoption of wireless spectrum analyzers. Wireless spectrum analyzers help in mitigating the interference caused in a WLAN network, thereby improving the network performance. Also, use of spectrum analyzers in the real-time spectrum analysis helps capture transient and short-duration signals in a more accurate manner. This factor is likely to augment the spectrum analyzer market in the next few years.