Optical Spectrum Analyzer Market

Optical Spectrum Analyzer Market Size, Growth (2023-2028)

Optical spectrum analyzers are the key components that enable research and development operations and facilities in various communication applications. The manufacturing process for these mobile versions has extended the scope of optical spectrum analyzers to field service, especially for inspection and installation purposes. Demand for Optical Spectrum Analyzers (OSA) is generally high in telecommunications industry and manufacturing.

The Optical Spectrum Analyzer (OSA) market is experiencing impressive growth due to the sharp increase in demand from the rapidly expanding information technology and telecommunications industry. Optical spectrum analyzers are widely used in industry to measure the spectrum power of known and unknown signals. The multibillion-dollar information technology and telecommunications industry is expected to experience rapid growth in the coming years, creating lucrative prospects for the expansion of the Optical Spectrum Analyzer (OSA) market.

Recent Developments in Optical Spectrum Analyzer Industry:

• Thorlabs is pleased to introduce an optical spectrum analyzer optimized for the 1.0 to 5.6 µm (10,000 to 1786 cm-1) mid IR region.
• For environmental sensing applications, lasers are increasingly being used to detect gases such as CO2, N2O, and NO. They do this by identifying the wavelength absorption lines of different gases. However, secondary laser modes, which are normally difficult to detect, reduce the laser's ability to distinguish between different gases.

OPTICAL SPECTRUM ANALYZER MARKET REPORT COVERAGE:

Drivers and Restraints of Optical Spectrum Analyzer Market:

Drivers:

Increasing prevalence for the development of telecommunication with latest technologies is elevating the demand of the optical spectrum analyzer market. Recent advances in the industry have dramatically fueled the demand for optical spectrum analyzers market.

Optical spectrum analyzers are very effective in measuring and displaying the power distribution of optical sources in specific wavelength ranges. Optical spectrum analyzers are highly sought after in the computer and telecommunications industry. Its application is particularly high in manufacturing and in the field to ensure the quality of optical devices and the network. With increasing digitization, the computer and telecommunications industry is developing rapidly, which is expected to fuel the demand for optical spectrum analyzers market in the near future.

Restraints:

Optical spectrum analyzers are expensive and require experts for proper installation and use. In addition, they have a high cost of maintenance, which is often a brake on growth. Also, optical spectrum analyzers have some drawbacks, such as sweep type can only detect continuous wave or continuous waveform (CW) signals without phase information, the FFT cannot operate at higher radio frequencies due to analog to digital sample rate limitations, Converter (ADC) and others. These drawbacks often reduce the sales prospects for the optical spectrum analyzer market.

Optical Spectrum Analyzer Market Segmentation Analysis:

By Product Type

• Portable
• Benchtop
• Handheld

Currently, the portable optical spectrum analyzer dominates the market in terms of product type. Portable optical spectrum analyzers are inexpensive and can easily scan, locate and classify the signals required in the environmental field. Handheld analyzers, which are highly preferred as a test tool for almost all forms of radio and fiber optic communication, are widely used by end users such as IT and telecommunications, medicine and healthcare, etc.

By Mode Type:

• Spectrometer Mode
• Wavelength Meter Mode

The wavelength counter mode is the dominant mode among the mode types on the market and is expected to remain in place throughout the forecast period. Wavelength measurement mode can accurately measure wavelengths in laser beams and is therefore in high demand among various end-users from IT to semiconductors to electronics. With the addition of advanced display and software functions, this mode can work more efficiently to detect and display wavelength, wave number, and optical frequency values. As a result, this type of mode is in high demand in various applications such as medical device testing, 5G network connectivity, and others around the world.

By End Use:

• IT & Telecommunication
• Medical & Healthcare
• Energy & Utilities
• Automotive
• Institutions
• Aerospace & Defence
• Semiconductors & Electronics

One of the main applications for OSAs is in the telecommunications market, where dense wavelength division multiplexing (DWDM) is used to provide high-bandwidth data over fiber optics. Most telecommunications equipment manufacturing procedures include wavelength characterization tests to qualify a product for market entry; the demand for OSA from this industry is considerably high. Rapidly evolving communication networks and new spectrum such as 5G are also creating significant demand opportunities for advanced telecommunications equipment, helping to increase demand for AOS from telecom manufacturers. Furthermore, the reduction in the number of 2G service providers should stimulate R&D activities in search of cheaper communication alternatives that could replace 2G.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Optical Spectrum Analyzer Market Region Analysis:

North America is holding the highest shares of the optical spectrum analyzers market. The country has some form of high demand from almost all end users. The rapid adoption of Industry 4.0 initiatives that foster automation and the connected manufacturing environment is one of the main drivers of demand for optical spectrum analyzers in the region. Due to the advancement of 5G in the region, all major service providers are moving towards launching devices that support the new technology, thus creating a potential demand for OSA in the market. This stems from the fact that Canadian operators, at an auction in April 2019, spent $ 3.5 billion auctioning 5G spectrum for the 600 MHz band, an important frequency that penetrates buildings and performs well in rural areas.

China boasts of having a robust electronics industry due to the growing import and export market around the world. The growing demand for consumer goods such as mobile phones, tablets and other electronic gadgets is on the rise. With this growing market, there is a greater need for higher quality and efficiency for these products, hence the need for OSA to improve device testing and inspection. In addition, the telecommunications sector serves a large customer base in this region. With the advancement and adoption of 4G and the transition to 5G, more investment is needed to ensure proper communication between channels. All this has been possible thanks to the implementation of OSA ™ in the test of telecommunication signals.

IMPACT OF COVID-19 ON OPTICAL SPECTRUM ANALYZER MARKET:

The optical spectrum analyzer market is expected to grow at a positive rate between 2020 and 2030. While the unprecedented COVID-19 epidemic currently poses a threat, especially due to slowing demand from major end-users such as IT & Telecommunications, Aerospace, Medical & Healthcare, and others, growth will remain largely positive during the review period. In addition, the outbreak of the new coronavirus has caused the growth of the optical spectrum analyzer market to decrease due to various factors such as decreased demand, indefinite closure of several manufacturing centers during closure, financial restrictions, etc. Despite difficulties due to constraints, the market has great potential and is expected to show steady growth during the evaluation period.

Key Players in the Market:

Major Key Players in the Global Optical Spectrum Analyzer Market are

• Yokogawa Electric Corporation
• Thorlabs Inc
• Viavi Solutions
• Exfo Inc
• Anritsu Corporation
• Adc Corporation
• Apex Technologies
• Bristol Corporation Inc
• Aragon Photonics Brillouin
• Finisar Corporation
• New Ridge Technologies
• Id Photonics
• Yenista Optics amongst others