3rd April 2023
The Global Spectrum Monitoring Market size stood at $3,291 million in 2021, which is expected to reach $6,127.6 million by 2030, advancing at a CAGR of 8.52% during 2021-2030. This is ascribed to the intensifying interference due to communication proliferation and the increasing spectrum congestion owing to the advancements in technology.
Moreover, with the increasing number of internet users all over the world, a huge amount of data is being generated, which further makes the spectrum highly crowded and congested. This drives the demand for spectrum monitoring. As the internet world states, their altitude platform station, and non-geostationary orbit system, have increased the pressure to access the spectrum in different frequency bands.
The networks are of low cost and can enable satisfactory data transfer rates, permitting greater mobility and comfort for users. However, lower prices lead to an increase in signal traffic, which surges interference and congestion, resulting in lower quality of the service. As spectrum is a rare resource, the continuous monitoring of the current spectrum from regulators is essential, subsequently leading to high demand for an advanced spectrum monitoring system.
With the number of internet users on the rise, the quantity of data being produced is likewise increasing. Unfortunately, this increase in data production is causing congestion within the spectrum. As a result, the spectrum monitoring market is expected to experience significant growth to ensure the smooth operation of this essential component.
Specifically at the frequency segment of the spectrum monitoring market, the super-high frequency (SHF) category is anticipated to make significant strides over the coming years. This is large because of the SHF frequency band, which spans from 3-30 GHz, is widely regarded as the most commonly used frequency band for communication. This is because the waves that fall within this band are highly resilient to inclement weather conditions, while also being able to transmit large quantities of data simultaneously. Moreover, with the advent of 5G connectivity, the availability of this bandwidth is set to increase even further, which is expected to fuel market growth in this segment. In March 2020, Satsignature deployed the world’s first cloud-based spectrum analyzer service, which provides constant global spectrum monitoring, recording, and analysis in web-based subscription packages. This service allows users to access spectrum monitoring on-demand across the world. When considering the spectrum monitoring market, can be divided into two main categories: hardware solutions and software solutions. As of 2021, the hardware solutions segment accounted for over 60% of the overall market revenue. This can be largely attributed to the exceptional and efficient signal monitoring solutions that are being developed and provided by semiconductor and electronics companies. With such advanced hardware solutions, these companies are leading the way in ensuring the proper functioning and management of the spectrum.
In 2021, North America asserted its dominance in the spectrum monitoring market with a revenue of $1,291.2 million. This trend is set to continue during the forecast period, with the market expected to grow at a CAGR of 7.0%. The reason for this is attributed to the highly competitive nature of the market, with numerous players working diligently to provide and improve spectrum monitoring solutions. Notably, Amazon and SpaceX have both recently launched geared toward network and broadband applications. As a result, the usage of wireless technology is poised to increase and the unlicensed spectrum is likely to become more crowded, making monitoring solutions an even more vital component of the overall infrastructure.
Players in the spectrum monitoring market have been involved in product launches, to attain a significant position in the industry.
In January 2021, Anritsu Corporation launched the field master pro-MS2090A hand-held real-time spectrum analyzer (RTSA), which addresses the requirements of military and government applications. It helps in the measurement of extremely narrow pulses even at very-low power for installation, maintenance, and troubleshooting of defense radar systems.
In June 2020, Calian Group Ltd launched Decimeter D4, the fourth-generation spectrum analyzer to monitor RF communications and detect signal issues. It is a hardware solution, with a new signal processing engine, to demodulate as well as decode the signals, allowing a deeper inspection and analysis of the signals than a traditional spectrum display.
The spectrum monitoring technique mainly focuses on local monitoring issues, enabling individual stations to communicate and exchange data to achieve ideal performance. The decision-making of monitoring stations depends on the information provided by other stations. If the information is erroneous, the overall system performance will be affected. In this technique, a limited amount of data is available, with no consideration of massive data from the global network, thus the decisions may be unilateral. This factor provides several opportunities to players operating in the spectrum monitoring market.