Handheld Spectrum Analyzer Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Handheld Spectrum Analyzer Market is Segmented By Type (Swept-Tuned Spectrum Analyzer, RF Tuning Method, Super Heterodyne, Vector Signal Spectrum Analyzer, Real-Time Spectrum Analyzer, Fast Fourier Transform (FFT), Parallel Filter Analyzer), By Offering(Product, Software), By Frequency Range(<6 GHz, 6 GHz–18 GHz, >18 GHz), By Network Technology(Wired, Wireless), By End-User(Automotive & Transportation, A&D, IT & Telecommunication, Medical & Healthcare, Semiconductors & Electronics, Industrial & Energy, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis,  2024-2031

Handheld Spectrum Analyzer Market Size

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 2024-2031. The handheld spectrum analyzer market is experiencing significant growth due to the increasing demand for portable, field-ready spectrum analysis solutions and the growing need for on-the-go spectrum analysis and field testing.

The market is driven by industries such as telecommunications, wireless network deployment and optimization, aerospace and defense, broadcasting, and public safety.

Many handheld spectrum analyzers come equipped with connectivity options such as USB, Ethernet, or wireless interfaces, allowing for data transfer and remote control. Wirless-handled spectrum analyzers have shown tremendous growth leading to cover more than 44.5% globally as the network technology facilitates seamless integration with other devices, data logging, and sharing of measurement results.

Handheld Spectrum Analyzer Market Scope

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Handheld Spectrum Analyzer Market Dynamics

Increasing Global Usage of Wireless Electronics Devices 

The global usage of wireless electronic devices has increased exponentially in recent years. For instance, according to a Reviews.org survey, every day, Americans check their phones 144 times. Within the first 10 minutes after waking up, 89% of Americans claim to check their phones. 57% of people say they are "addicted" to their phones, with 60% of them sleeping with them at night. 55% of people claim they have never gone more than a day without using their phone.

Rapid technological advancements have led to the development of smaller, more affordable, and more sophisticated wireless electronic devices, including smartphones and laptops. It has increased the accessibility and affordability of these devices, making them more appealing to consumers. These devices rely on wireless communication technologies like Wi-Fi, Bluetooth, cellular networks, and others. As the number of wireless devices continues to increase, the demand for handheld spectrum analyzers rises to support the deployment, optimization, and troubleshooting of wireless networks.

Growing Industry Application

Handheld spectrum analyzers find applications in various industries and aerospace and defense is a major market driving sector. The aerospace and defense industry requires handheld spectrum analyzers for various applications. These devices are used in the design and testing of avionics systems, radar systems, and wireless communication systems in aircraft and military equipment. Handheld spectrum analyzers are crucial for detecting and analyzing signals, identifying interference sources, and ensuring the proper functioning of critical communication systems in aerospace and defense applications.

Companies are investing in building advanced technology for the sector leading to creating future growth prospects. For instance, in 2019, The Field Master Pro MS2090A RF handheld spectrum analyzer from Anritsu Company revolutionizes the wireless field test solution industry yet again. With the highest continuous frequency coverage of up to 54 GHz, real-time spectrum analysis bandwidth of up to 100 MHz, and a ruggedized design to withstand the demands of field tests, the Field Master Pro MS2090A is perfect for a variety of current and emerging field applications, including 5G, broadcast, regulatory compliance, aerospace/defense, satellite systems, and radar.

High Product Cost

Handheld spectrum analyzers often come with advanced features and capabilities, which can make them relatively expensive compared to other handheld test and measurement devices. The high cost of handheld spectrum analyzers may limit their adoption, especially for small businesses or organizations with budget constraints.

Furthermore, the higher cost can make it challenging for small businesses, startups, or organizations with limited budgets to invest in handheld spectrum analyzers. The upfront cost of acquiring these devices, especially for multiple units or for widespread deployment, can be a deterrent for potential customers.

Handheld Spectrum Analyzer Market 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 covering nearly 1/3rd in 2022. The increasing demand for wireless communication and the need for accurate and reliable frequency analysis in the design, testing, and maintenance of communication systems have driven the growth of the handheld spectrum analyzer market in this industry. Telecommunication professionals use handheld spectrum analyzers to test and measure the performance of communication systems, including mobile networks, Wi-Fi networks, and other wireless systems. 

Manufacturers in the industry are focusing on new product developments. For instance, On May 18, 2021, The 5GPro Spectrum Analyzer was introduced by EXFO Inc., the communications sector's test, monitoring, and analytics experts. The 5G Pro Spectrum Analyzer is the only modular, field-focused radio frequency (RF) testing system that can analyze FR1 (sub-6 GHz) and FR2 (mmWave) bands utilizing a single, field-upgradable solution. It offers accurate visibility into 4G/LTE and 5G NR environments. Furthermore, developments like these bolster the demand for spectrum analyzers in it & the telecommunications end-use industry.

Source: DataM Intelligence Analysis (2023)

Handheld Spectrum Analyzer Market Geographical Share

Asia-Pacific’s Growing Demand For Wireless Communication And IoT Devices 

Asia-Pacific captures the majority of market shares covering more than 60.5% of the global handheld spectrum analyzer market due to the growing demand for wireless communication and IoT devices high demand for test and measurement equipment in countries such as China, India, and Japan.

Increasing investment in R&D for communication and technology and favorable government initiatives for the development of telecommunication infrastructure also drives the growth of the Asia-Pacific handheld spectrum analyzer market. The higher presence of major players and manufacturers in the region, such as Anritsu Corporation, Rohde & Schwarz GmbH & Co. KG and Keysight Technologies, are strengthening the Asia-pacific position in the global market.

Source: DataM Intelligence Analysis (2023)

Handheld Spectrum Analyzer Market Players 

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

COVID-19 Impact on Handheld Spectrum Analyzer Market

COVID Impact

The COVID-19 outbreak has both positive and negative impacts on the global handheld spectrum market. For instance. despite the disruptions caused by the pandemic, the rollout of 5G networks continued worldwide. The deployment and optimization of 5G networks required extensive spectrum analysis and field testing, which increased the demand for handheld spectrum analyzers.

However, it's important to note that the impact of COVID-19 on the handheld spectrum analyzer market can vary across regions and industries. As the situation evolves, the market is expected to recover and continue its growth trajectory, driven by the increasing demand for wireless communication technologies, network deployments, and the need for efficient spectrum management. 

Russia- Ukraine War Impact 

The conflict has affected the regional market dynamics in Russia and Ukraine. Businesses and organizations in these regions face operational challenges, budget constraints, or a slowdown in projects, which impacted the immediate demand for handheld spectrum analyzers. Furthermore, during times of conflict and instability, the focus of businesses and organizations shifted from expansion and technological investments to more immediate concerns such as security, safety, and risk mitigation. This shift in priorities has potentially impacted the demand for handheld spectrum analyzers as investment decisions be deferred or postponed.

Key Developments

• On May 12, 2023, SIGLENT announced the introduction of a new member to their RF Microwave products portfolio- the SHA850A series which is a handheld spectrum & vector network analyzer. This brand-new form factor was created especially for field use and is fully integrated. It has accurate measurements and versatile analytical capabilities, yet it is lightweight and portable. With the accompanying power pack and carry pouch, it is perfect for handheld, portable operation.
• On February 7, 2023, Anritsu Company announced the launch of the Field Master MS2070A handheld spectrum analyzer that is designed to offer the performance and field-proven durable platform of Anritsu’s Field Master family at an affordable range. The MS2070A conducts trustworthy and precise RF measurements in a variety of general-purpose field, lab, and factory environments by providing critical features and performance up to 3 GHz.
• On October 20, 2021, Rohde & Schwarz added new base models with measurement frequencies up to 44 GHz to its well-liked R&S Spectrum Rider FPH range. To the current R&S FPH models, which have measurement frequencies ranging from 5 kHz to 6, 13.6, and 26.5 GHz, a new 44 GHz variant has been introduced. Three new versions with tracking generators have measurement frequencies of up to 13.6, 26.5, and 44 GHz available. The R&S Spectrum Rider FPH was the first handheld spectrum analyzer in its field to provide reliable RF performance for tests both outdoors and indoors.

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 2024

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