An Optical Spectrum Analyzer (or OSA) is a precision instrument designed to measure and display the distribution of power of an optical source over a specified wavelength span. An OSA trace displays power in the vertical scale and the wavelength in the horizontal scale.
The expanding field of optics related applications has created a vast variety of industries and organizations that require advanced optical spectral measurements for both R&D and manufacturing. These industries include telecommunications, Education and Laboratory, healthcare, life science/medical research, security, sensing, microscopy, and gas/chemical analysis, and environmental monitoring.
Optical Spectrum Analyzer Market Summary
According to the new market research report “Optical Spectrum Analyzer - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Optical Spectrum Analyzer market size is projected to reach USD 19 million by 2029, at a CAGR of 4.5% during the forecast period.
- Global Optical Spectrum Analyzer MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Optical Spectrum Analyzer - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Demand expanding: In the last few decades, the healthcare sector has seen major advancements, due to increasing research and government funding initiatives. Currently, in healthcare and medical applications, such as lab-on-a-chip and patient-centered medicine, fiber optics are frequently employed, where endoscopy is gaining high traction, which, in turn, is likely to boost the utilization of OSAs in R&D and manufacturing of medical equipment.
Technological advancements: The growing trend of wireless technology, and global advancements in frequency and bandwidth will propel the spectrum analyzer market during the forecast period. Increasing implementation of 5G and LTE technologies is expected to provide significant opportunities to the spectrum analyzer market in the near future.
The market for general electronic measuring instruments continues to grow: General electronic measuring instrument is the basic equipment of modern industry, which is widely used in various fields of national economy and plays a very important role in the development of the entire electronic information industry. The global market for universal electronic test and measurement instruments will continue to grow steadily driven by the development of global information technology, the continuous expansion of the application field of electronic measurement instruments and the industries such as 5G, semiconductor, artificial intelligence, new energy, aerospace and defense.
Restraint:
Price increasing: Raw materials and labor cost increasing will affect the price of Spectrum Analyzer.
Chip shortage: The global chip shortage will have an adverse effect on the market.
High installations and ownership costs: End users of test and measurement equipment are highly price-conscious. They demand low-cost test and measurement equipment but not ready to compromise on the quality of devices and their additional features. This leads to increased pressure on the manufacturers of testing and measurement devices to lower their costs.
Market competition: More and more players entered this industry make the competition of this industry more fierce.
Opportunity:
Hardware and software integration trend of electronic measuring instruments: More system integration developers will integrate test instruments into different software systems and develop industry-specific application systems, such as automated test systems, automated production systems, integrated test systems for electric vehicles, battery test systems, etc.
Seamless interconnection between instruments: Systematic integration and data exchange of measuring instruments with different brands and functions are carried out by using standard interconnection protocol to realize cloud analysis of data collected by instruments.
High-end product core chip research: High-end electronic measuring instruments need to pursue higher performance and differentiated functions. Some core chips cannot be purchased through the open market, because commercial chips cannot meet the requirements of high-end testing in terms of functional indicators, nor can they achieve partial functional differentiation. Therefore, electronic measuring instrument manufacturers need to strengthen the research and development of core chips to meet the needs of high-end product development.
Product function upgrade: The focus is on the development of oscilloscopes with high resolution sampling, high bandwidth, high capture rate, multi-channel and human-computer interaction.
- Global Optical Spectrum Analyzer Top16Players Ranking and Market Share(Continually updated)
Source: QYResearch, "Optical Spectrum Analyzer - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Optical Spectrum Analyzer include Yokogawa Electric, VIAVI Solutions, Coherent (II-VI Incorporated), Anritsu, EXFO, Thorlabs, Optoplex, Ceyear Technologies, VeEX, Terahertz Technologies (Trend Networks), etc. In 2022, the global top 10 players had a share approximately 82.0% in terms of revenue.
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