Vector Network Analyzer Market Research: Business Rising Awareness, Financial Plan 2017 to 2023

Market Scenario:

Vector network analysis is an approach used by electronic component manufacturers to test the veracity, performance, and other parameters of devices to radio frequencies (RF) of various ranges. Vector network analyzers (VNAs) are the perfect tool for analyzing mixers, modules, amplifiers, etc used in RF designs. They are used in testing component specifications and new prototypes before being launched commercially. As per a comprehensive report prepared by Market Research Future (MRFR), the global Vector Network Analyzer Market Research is projected to enjoy growth at a 3.74% CAGR during the assessment period (2018-2023).

The development in communication networking technologies can act as a bellwether for further future use of VNAs. The high penetration rate of smartphones and the changing work culture habits can portend a massive growth during the forecast period. The huge volume of data traffic is expected an upsurge owing to emergence of wireless wide area networks (WAN) and metropolitan area networks (MAN). Introduction of VNAs in radiofrequency sandbox units for students can act as a revenue source for the market.

The integration of internet of things (IoT) in industrial and residential settings for faster access to information and expedited production will be instrumental for the market. Furthermore, the bring-your-own-device (BYOD) trend in conglomerates is anticipated to bolster the market demand in the coming years. But substitute technologies for testing and measurement such as scalar network analyzers can pose a challenge to the market.

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Report Overview

The report covers the latest factors affecting the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly astute projections. MRFR’s report includes a thorough analysis of the global vector network analyzer market segmented on the basis of frequency type, application, and region. Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.

Industry News

UK-based high-precision PC-based oscilloscopes and automotive diagnostics equipment manufacturer Pico Technology has recent introduced two new advanced VNA testing systems under its RF portfolio. TA431 (Non-insertable F-F) and TA430 (Insertable M-F) VNA systems can be used for validation of precision of network analysis test unit and its calibration prior to, before and after a measurement sequence in made. 

Key Players:

Prominent players in the vector network analyzer market include Keysight Technologies Inc. (USA), Rohde & Schwarz GmbH & Co. KG. (Germany), Anritsu Corporation (Japan), Transcom Instruments Co., Ltd. (China), Copper Mountain Technologies (US), National Instrument Corporation (US), OMICRON Lab. (Austria), GS Instrument Co. Ltd. (Korea), Chengdu Tianda instrument Equipment Co., Ltd. (China), HUBER+SUHNER. (Switzerland), AWT Global LLC (US).

Global Vector Network Analyzer Market: Segmental Analysis

MRFR has also conducted as comprehensive segmental analysis of the vector network analyzer market based on application and frequency type. By frequency type, the market has been segmented into 40 – 50 GHz, 26.5 – 40 GHz, 50 – 67 GHz, 0.26 – 5 GHz, and 67 – 110 GHz. The 40 – 50 GHz segment is expected to reach a market valuation of more than USD 190 Mn by the year 2023. Whereas, the 67 – 110 GHz segment is set to capture the highest CAGR during the assessment period. The intensive investment in aerospace and defence is expected to create growth opportunities for the 67 – 110 GHz segment. By application, the market has been segmented into transportation, IT & telecommunication, education, medical, electronic manufacturing, agriculture, automotive, and aerospace & defense. Among these, the IT & telecommunication segment currently accounts for the largest share of the market. The electronica manufacturing segment is also expected to record a significant growth over the assessment period.

Global Vector Network Analyzer Market: Regional Analysis

The vector network analyzer market has been covered across Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), North America and Latin America. North America is expected to remain an important market for VNA during the forecast period. This is attributed to factors such as the existence of a massive telecommunication sector, a vast electronics manufacturing industry and presence of leading players. The U.S will remain the major market in the region over 2023. The U.S VNA market stood at more than USD 160 Mn in 2017. APAC is also expected to present lucrative opportunities for market players over the next couple of years. The region’s market has picked up a healthy momentum in recent years owing to the rapid expansion of the electronics manufacturing sector in China. In 2017, the China VNA market garnered revenues worth USD 46.5 Mn. In addition, growth of the IT and telecommunication sector in India has also augured well for market players operating in the region.

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Intended Audience

  • Educational Institutes
  • Semiconductor Manufacturers
  • Aerospace and Defense Equipment Vendors
  • Medical Device Manufacturers
  • Automotive Equipment Manufacturers
  • Electronic Manufacturing Companies
  • Government Agencies
  • Agricultural Equipment Manufacturers
  • IT and Telecommunication Providers

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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