The report includes an in-depth analysis of the Global Spectrum Analyzer Market, including market size and trends, product mix, Applications, and supplier analysis. The market for spectrum analysers was estimated to be worth over USD 1.64 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of over 9.25% from 2025 to 2034. The need for spectrum analysers in a variety of applications, such as RF signal intelligence, radar testing, satellite communication, spectrum monitoring, and defense-related test and measurement activities, is growing dramatically as the aerospace and defence industries expand. In order to fulfil the changing needs of the aerospace and defence industries, the spectrum analyser market is expected to continue growing and innovating as military organisations invest in cutting-edge RF technology and update their defence capabilities.

The market is divided into three segments based on form factor: handled spectrum analysers, portable spectrum analysers, and benchtop spectrum analysers. In 2024, the handled spectrum analyser segment led the market. Handheld spectrum analysers are rapidly being customised to meet application-specific needs via customisable choices, specialised attachments, and software-defined functionality. This customisation enables customers to optimise their analysers for certain tasks, industries, and frequency bands, hence increasing efficiency and production in their sectors.

The market is split into wired and wireless segments, with wireless growing the fastest and expected to expand significantly from 2025 to 2034. There is increasing demand for spectrum analyzers that work in millimeter-wave (mmWave) frequency bands due to the use of mmWave for 5G. These analyzers need extended frequency coverage and advanced features for accurate signal analysis.

The Asia Pacific spectrum analyzer market is expected to grow steadily from 2025 to 2034 due to rapid economic growth in the region. Industries are producing products for telecommunications, aerospace, defense, electronics, and research. The use of spectrum analyzers spans various applications, such as wireless technologies and IoT devices. Increased focus on regulatory compliance and spectrum management is boosting demand in different industries.

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Rohde & Schwarz GmbH & Co KG and Keysight Technologies own a sizeable share. Keysight Technologies has a substantial market share and is a top supplier of electronic design and test solutions. Serving a wide range of industries, including semiconductor, automotive, aerospace, defence, and telecommunications, Keysight is well-known for its cutting-edge technologies and inventive products. In order to satisfy the changing demands of engineers and researchers, Keysight provides a wide range of high-performance instruments in the spectrum analyser market.

In September 2024, Aaronia AG announced plans to exhibit waveguide-based real-time spectrum analysers at the European Microwave Week (EuMW) in Paris.

In May 2024, Anritsu Corporation, a test and measurement solutions provider, introduced the Site Master MS2085A Cable and Antenna Analyzer and the MS2089A with Integrated Spectrum Analyzer.