Various recent market reports all show strong growth for spectrum analyzers. On May 13 of this year, MarketResearchFuture shared a forecast of the market growing by 8.2% CAGR from 2018 to 2023, at which point its value will be $1.758 billion.1 A day later, ResearchAndMarkets.com shared a report that valued the global spectrum analyzer market at U.S. $1.13 billion in 2017 and will reach $2.475 billion by 2026, growing at a CAGR of 9.1%.2 Comparatively, Transparency Market Research reported in January of this year that the global market was worth $1.208 billion in 2017 and will hit $2.440 billion by 2026 at a rate of 7.8% in that span.3 As one can see, forecasts vary some, but they all agree that spectrum analyzers will be a strong growth market for years to come.
As one of the most important instruments for electrical test in a lab or in the field, signal and spectrum analyzers serve multiple purposes across a range of applications, from communications, to radar, to manufacturing and designing purposes in the field. Their features have grown alongside the advancement of digital