Market Overview
Vector network analyzers (VNAs) are useful for vector network analysis. This analysis gets defined as an approach that is used by electronic component manufacturers to test the performance, veracity and other parameters of devices to radio frequencies (RF) of various ranges. Market Research Future (MRFR) has published a research report about the global Vector Network Analyzer Market that gauges gains for this market at 3.74% CAGR between 2018 and 2023. By value, the market has been figured to be worth the USD 457.77 Mn by the end of the forecast period.
The essential market driving factor for the global vector network analyzer market growth is development in communication networking technologies that can act as a bellwether for future use of vector network analyzers. The second important market driving factor is the possibility of the huge volume of data traffic due to the emergence of metropolitan area networks (MAN) and wireless wide area networks (WAN). Introducing VNAs in radiofrequency sandbox units for students can contribute revenue to the market. The third factor assisting the market growth is the integration of the internet of things (IoT) in industrial as well as residential settings for faster access to information and expedited production. Lastly, the bring-your-own-device (BYOD) trend in conglomerates has been anticipated to bolster the market demand during the forecast period. However, substitute technologies for testing and measurement such as scalar network analyzers can hinder the market growth.
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Segmental Analysis
The segmentation analysis of the vector network analyzer market is carried out on the basis of frequency type, application, and region. On the basis of Frequency Type, the vector network analyzer market is segmented into 26.5-40GHz, 40-50GHz, 0-26.5GHz, 50-67GHz and 67-110GHZ. The 67-110GHz segment is anticipated to increase at a 5.76% CAGR throughout the forecast period. Based on the application, the vector network analyzer market is segmented into manufacturing, education, IT & telecommunication, automotive, electronic medical, transportation, aerospace & defense, and agriculture. Based on the region, the vector network analyzer market is segmented into North America, Europe, Asia Pacific, and others.
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).
Detailed Regional Analysis
The regional analysis of the vector network analyzer market comprises of regions such as North America, Europe, Asia Pacific, and others. As per the analysis, the North American region is projected to direct the vector network analyzer market in the forecast time period due to the elevated adoption of vector network analyzers for real-time factors and device testing in the electronics and automotive industries. The Asia Pacific region is projected to progress quickly throughout the projected period owing to the implementation of vector network analyzers in progressive electrical engineering for microwave image processing and molecular characterization.
Industry Updates:
Sep 2019 Anritsu Company has introduced the ME7848A Opto-electronic Network Analyzer (ONA) system, a flexible solution mixing the VectorStar® vector network analyzer (VNA) with an E/O converters and O/E calibration detector that leads to cost-effective O/E, E/O, and O/O measurements on optical devices functioning at 1310 nm, 850 nm, and 1550 nm. The ME7848A ONA is compatible with R&D and manufacture of opto-electronic components expended in optical network data transfer systems.
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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
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