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. The expansion of these industries is expected to push the market valuation to USD 457.77 million by 2023.
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 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.
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.
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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).
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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- 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
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