The Global Vector Network Analyzer Market is expected to grow at 4% CAGR during the forecast period.
Market Research Future (MRFR) in its latest study reveals that the vector network analyzer market is estimated to grow phenomenally during the forecast period (2018-2023). The global market is primarily driven on account of declining popularity of scalar network analyzer. Moreover, the market thrives on the back of its extensive application in automotive, electronic manufacture and communication sector. Apart from this, the increasing demand for 3G and 4G technologies have bode well for the market growth in the past few years. The market also flourishes on the back of leading market players who strive to get ahead with their strategies and long-term vision and continuously engage in product development and other activities. For instance, Siglent Technologies recently introduced a new vector network analyzer (VNA) with frequency ranging from 10 MHz to 1.5 GHz. This analyzer provides excellent measurement details with a wide range of measurement functions for device testing, broadcast evaluation, site surveying, and many more applications.
On the flip side, strong competition from scalar systems may impede the ongoing market development. That being said, it is safe to assume that the Vector Network Analyzer (VNA)Market is expected to grow substantially due to increasing adoption of internet of things (IoT) and upcoming 5G technology. Design and development of devices used for 5G applications create an opportunity for VNAs. Another growing application in which VNAs play a crucial role is connected-car designs. Owing to these factors, the market is set to expand considerably during the forecast period.
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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).
- By Frequency Type: 0-26.5GHz, 26.5-40GHz, 40-50GHz, 50-67GHz, and 67-110GHz.
- By Application: IT & Telecommunication, Electronic Manufacturing, Education, Automotive, Medical, Aerospace & Defence, Transportation, and Agriculture.
Geographically, the vector network analyzer market has been studied for North America, Europe, Asia Pacific, and the Rest of the World (RoW).
The vector network analyzers are in huge demand in North America on account of the increasing adoption of RF and microwave sensing technologies. VNAs find a broad range of applications in several industries such as IT and telecommunication, transportation, automotive, and electronics. The United States (U.S.) stands at the top in terms of adoption of vector network analyzers in the automotive and electronics industry for real-time component testing, device testing, and scattering measurements.
The market in Asia Pacific is presumed to expand at a high rate owing to adoption and implementation of RF and microwave technology in numerous industries. Furthermore, the advancements in IoT and wireless communication in this region will positively impact the growth of the VNA market in countries such as China, India, and Japan in the coming years. Moreover, the market in the region is maturing steadily with the investors being highly optimistic about the potential the region exhibits. This leads to intense completion among regional market players and propels the market growth immensely. Also, thriving industries such as automotive, aerospace and defense and electronic manufacturing can push the demand for these devices to a large extent in the region.
The Europe market is surging ahead at a healthy growth rate due to strong economic growth and rapid industrialization. Constant technological innovations and product enhancement by market players prove to be beneficial to the market growth in the region.
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Definition 13
2.2 Scope Of The Study
2.3 Market Structure
2.4 List Of Assumptions
3 Research Methodology
3.1 Research Process 16
3.2 Primary Research 16
3.3 Secondary Research 17
3.4 Market Size Estimation
3.5 Forecast Model 19
4 Market Dynamics
4.2.1 Development In Network Infrastructure
4.2.2 Emerging IOT And BYOD In Corporate
4.2.3 High Adoption Of VNAs In Education
4.2.4 Drivers Impact Analysis
4.3.1 High Implementation Cost
4.3.2 Restraints Impact Analysis
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