Market Research Future, in its latest study, reveals that the global vector network analyzer market 2020 is showing an optimistic sign to take a considerable jump relatively at 4% CAGR by 2023 amid COVID 19 pandemic. The growth of the market would expect to continue in the years (2015-2023), which is stated to be the forecast period.
Top Impacting Factors
A recent report available by Market Research Future reveals various factors influencing the growth of the global Vector Network Analyzer Market as well as many trends driving optimum growth. The global vector network analyzer market is growing owing to the development in network infrastructure, high adoption of VNAs in Education, and the emergence of IoT and BYOD in corporate offices.
The declining popularity of the vector network analyzer has taken the entire spotlight in the process of the market’s growth. With this, only due to its several characteristics, a vector network analyzer is widely utilized in the electronic manufacture, automotive, and communication sectors. Therefore, the expansion of these sectors will drive the vector network analyzer market post-COVID 19 outbreak.
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To add in this, the factor of emerging demand for 3G and 4G and sophisticated technological enhancements will also drive the global growth after the end of COVID-19 impact, finds MRFR in its extensive study. In fact, the global market is also likely to be driven by the decline in the popularity of the scalar network analyzer. The extensive application of vector network analyzer in automotive, communication, and electronic manufacturing sector can cause the market to value at USD 457.77 Mn by the year 2023.
On the contrary, the factor of high implementation costs is showing signs of growth hampering the market during the forecast period.
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).
The segmental scrutiny of the global market of vector network analyzer is based on the segments of frequency type and application.
Depending on the frequency type, the global market has included 0-26.5GHz, 40-50GHz, 26.5-40GHz, 50-67GHz, and 67-110GHz. Among these, the 40-50GHz segment is likely to lead the global market, reaching a market value of USD 190.1 million in 2023. The 67-110GHz segment is also showing signs to expand at 5.76% CAGR during the forecast period. Vector network analyzers that fall under the 40–50 GHz segment have similar specifications as that of the 26.5–40 GHz segment. Additionally, these vector network analyzers can be connected to the Windows OS to swell the connectivity of instruments and provide a powerful automation environment. However, these vector network analyzers have additional front panel connectors and can have up to 32 independent measurement channels. Besides, these vector network analyzers integrate a synthesized source, parameter test set, and tuned receiver into a single package suitable for bench-top testing.
Detailed Regional Analysis
North American region previously led the market in the year 2017, which is estimated to remain the same during the assessment period. The US and Canada are generating the highest revenue in the market. The developed infrastructure and skilled technical expertise are some of the foremost factors supporting the leadership of the US in the global vector network analyzer market.
On the other side, in the Asia-Pacific region, China is offering high competition to the US on the basis of amplified adoption of vector network analyzers in the telecom industry for testing of Smartphones and tablets and the demand for vector network analyzer in the electronics manufacturing industry for RF circuit design testing. Some renowned market players such as Rohde & Schwarz, Keysight Technologies, Anritsu Advantest, National Instrument, and Transcom Instruments are likely to lead the vector network analyzer market in the region during the forecast period. As in February 2018, Keysight Technologies collaborated with Movandi, a start-up with a mission to revolutionize millimeter wave networks, to test and validate BeamX technology and support advanced millimeter wave technology and test capabilities. These companies worked together on the advanced 5G market and are continuing with it. In the same month, Anritsu Corporation entered into a partnership with Trescal SA in order to expand its business in the Netherlands. Trescal offers calibration and repair services for Anritsu Handheld RF products, that includes Site Master range of handheld cable and antenna analyzers, master series of handheld vector network and spectrum analyzers. This ensures the best quality of service and support for Anritsu products are offered to customers.
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Key questions addressed by the report
- What was the historic market size (2017)?
- Which segmentation (Frequency Type/ Application) is driving the market?
- What will be the growth rate by 2023?
- Who are the key players in this market?
- What are the strategies adopted by key players?
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