Vector Network Analyzer Market Scope
The global vector network analyzer market is driven by demand of VNA software in the electronics sector. Huge demand for wireless devices and increasing demand for hi-speed internet can bode well for the market. This is evident by rise of telecom infrastructure and connectivity in rural and urban areas. Applications of wide RF vector network analyzers and declining demand for scalar network analyzers can drive market demand. VNAs have the capability to measure amplitude and phase of single RF signal. Measurement of Wi-Fi, Bluetooth, GPS, and GSM-LTE levels and their strength is possible with network analyzers. Availability of multi-port facilities combined with adoption of devices in online learning can spur market revenues.
Portable analyzers, evolution of communication standards, BYOD, and IoT can be opportunities in the global market. Rapid pace of 5G technology coupled with increasing success of 5G in IoT can drive market demand.
But high infrastructure costs may hamper market growth.
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Vector Network Analyzer Market COVID-19 Impact
The COVID-19 pandemic has positively impacted the vector network analyzer market owing to its adoption by the telecommunication sector. But the market can face a decline in growth owing to lack of demand from other verticals coupled with decreasing production and manufacturing activities
Vector Network Analyzer Market
The global vector network analyzer market size is projected to reach a significant valuation by 2027, according to the latest report by Market Research Future (MRFR). It can expand at 4% CAGR from 2017 to 2023. MRFR’s report on the vector network analyzer market comprises growth drivers, challenges, and trends on the industry for the forecast period (2020-2027). The COVID-19 pandemic and its implications are explored in depth in the market.
Vector Network Analyzer Market Segmentation
IT Telecommunication Vertical to Dominate Market Demand
The IT telecommunication vertical is expected to dominate market demand owing to demand for smart and wireless devices. Adoption of network analyzers in RF applications as well as penetration of internet services can shape the segment growth.
40-50 GHz Frequency to Lead in Global Market
The 40-50 GHz is estimated to be the leading frequency owing to applications in portable device and wireless device testing. Implementation of the spectrum in electronic, medical, and automotive sectors can bode well for the market.
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Vector Network Analyzer Market Competitive Analysis
GS Instrument Co. Ltd. (Korea), HUBER+SUHNER (Switzerland), Anritsu Corporation (Japan), AWT Global LLC (US), Keysight Technologies Inc. (USA), Rohde Schwarz GmbH Co. KG. (Germany), OMICRON Lab. (Austria), Transcom Instruments Co., Ltd. (China), Chengdu Tianda Instrument Equipment Co., Ltd. (China), Copper Mountain Technologies (US), and National Instrument Corporation (US) are key players in the global vector network analyzer market. Development of new features and collaborations are to be witnessed in the market.
Industry News
Anritsu Corporation has announced the VectorStar ME7838AX/EX series of vector network analyzers for testing the compatibility of devices in the 125 GHz spectrum.
Vector Network Analyzer Market Regional Analysis
North America to Lead in Global Vector Network Analyzer Market
North America is expected to dominate demand for VNAs owing to penetration of smart devices and vehicles. Availability of modern infrastructure and skilled personnel in the U.S. and Canada can augur well for the regional market. Rollout of 5G standards and spectrum as well as high potential for IoT and IIoT can fuel market growth. Adoption of VNAs for device testing and scattering measurement can bolster market demand.
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