Market Scenario:
Vector network analysis is an approach used by electronic component manufacturers to test the veracity, performance, and other parameters of devices to radio frequencies (RF) of various ranges. Vector network analyzers (VNAs) are the perfect tool for analyzing mixers, modules, amplifiers, etc used in RF designs. They are used in testing component specifications and new prototypes before being launched commercially. As per a comprehensive report prepared by Market Research Future (MRFR), the global Vector Network Analyzer Market Research is projected to enjoy growth at a 3.74% CAGR during the assessment period (2018-2023).
The development in communication networking technologies can act as a bellwether for further future use of VNAs. The high penetration rate of smartphones and the changing work culture habits can portend a massive growth during the forecast period. The huge volume of data traffic is expected an upsurge owing to emergence of wireless wide area networks (WAN) and metropolitan area networks (MAN). Introduction of VNAs in radiofrequency sandbox units for students can act as a revenue source for the market.
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The integration of internet of things (IoT) in industrial and residential settings for faster access to information and expedited production will be instrumental for the market. Furthermore, the bring-your-own-device (BYOD) trend in conglomerates is anticipated to bolster the market demand in the coming years. But substitute technologies for testing and measurement such as scalar network analyzers can pose a challenge to the market.
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).
Report Overview
The report covers the latest factors affecting the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly astute projections. MRFR’s report includes a thorough analysis of the global vector network analyzer market segmented on the basis of frequency type, application, and region. Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.
Segment Overview
The types of frequencies covered in the market report include 0.26 – 5 GHz, 26.5 – 40 GHz, 40 - 50 GHz, 50 – 67 GHz, and 67 – 110 GHz. VNAs in the 40-50 GHz range are expected to dominate the market during the forecast period, but the 67-110 GHz range of VNAs possess the latent potential for maximum growth during the aforementioned period to meet the challenges of high-speed devices.
Major market applications of vector network analyzers include medical, agriculture, education, automotive, transportation, electronic manufacturing, IT and telecommunication, and aerospace & defense. The IT & telecommunication segment is projected to showcase robust growth followed by the electronic manufacturing segment.
The segments and sub-segments covered in the report are analyzed under four major regions – Americas, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW), with respective country-level market sizing. The benefits of the product “vector network analyzer” is included in the report for a comprehensive understanding of the market. The report discusses the various players involved in the supply and value chain to evaluate future opportunities within the market by delivering an unbiased growth assessment.
Regional Outlook
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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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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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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