Market Highlights
In this rapidly changing world of technology, signaling analyzer market is projected to show major growth prospects during the forecast period. Major factor driving the signaling analyzer market is the rising demand for wireless technologies and hence growing demand for spectrum analyzers. Growing demand from IT and telecommunication sector is one major factor driving the growth of signaling analyzer market. Signal analyzers help in optimizing and troubleshooting complex mobile networks and also help in detecting any problems with the same.
The global Signaling Analyzer Market Share, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the signaling analyzer market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of signaling analyzer market. This is owing to the presence of large number of established key players like Agilent Technologies, Tektronics, Viavi Solutions and Texas Instruments in that region. Agilent Technologies is the first to add LTE and SAE technology to real time signaling analyzer. Viavi solutions has also launched its signaling analyzer for LTE with 3G capabilities. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. Increasing demand for signaling analyzer in IT and telecommunications sector is expected to be one major factor for the growth of signaling analyzer market.
In the global signaling analyzer market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, signaling analyzer market is projected to contribute faster to the growth of revenue backed by increasing demand for spectrum analyzers from various industry verticals in countries such as Japan, China, South Korea and India. This is owing to the presence of key players like Anritsu Corporation and Yokogawa Electric Corporation in the region.
The global signaling analyzer market is expected to grow at approx. USD 1,970 Million by 2023, at 9% of CAGR between 2017 and 2023.
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Segmentation:
The global signaling analyzer market can be segmented by product offering, technology and vertical.
By vertical, the signaling analyzer market can be segmented into automotive & transportation, aerospace & defense, IT & telecommunication, medical & healthcare, and others. IT and telecommunication sub-segment are expected accrue the largest market share of signaling analyzer and register the highest CAGR during the forecast period.
Technology-wise, the signaling analyzer market includes long term evolution (LTE), voice/ video over wi-fi, universal mobile telecommunications system (UMTS), high speed packet access (HSPA), & HSPA +, Global System for Mobile (GSM), General Packet Radio Service (GPRS) & Enhanced Data for GSM Evolution (EDGE), and others.
Based on product offering, the signaling analyzer market can be segmented into real-time software analysis, data access interface card, and data access traffic storage agent.
Key Players:
The prominent players in signaling analyzer market are – Agilent Technologies (U.S.), Tektronics (U.S.), Viavi Solutions (U.S.), Texas Instruments (U.S.), Keithley Instruments (U.S.), Yokogawa Electric Corporation (Japan), Anritsu Corporation (Japan), Rohde & Schwarz (U.S.), National Instruments Corporation (U.S.), Rigol Technologies (China) among others.
Regional Analysis:
Geographically, the signaling analyzer market includes North America, Europe, Asia Pacific (APAC) and Rest-of-the-World (RoW).
North America is currently the frontrunner of the global signaling analyzer market, and it can be attributed to its huge revenue generation. The U.S. and Canada are significant regional contributors as a number of companies such as Agilent Technologies, Tektronics, Viavi Solutions, and Texas Instruments are based out of this region. This region’s superior infrastructure is also creating scope for further market penetration.
The APAC is the fastest growing region. A number of emerging economies are witnessing an industrial upheaval and are generating demand for signaling analyzers. Companies such as Anritsu Corporation and Yokogawa Electric Corporation are providing much-needed thrust as well.
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