ID: MRFR/SEM/4803-CR | July 2019 | Region: Global | 89 pages
Global Vector Network Analyzer Market is predicted to touch USD 457.77 Million at a 4% CAGR between 2017- 2023, reveals the current Market Research Future (MRFR) report. The strong growth of the vector network analyzer market is due to the rapid development in network infrastructure.
The ongoing COVID-19 outbreak has cast its shadow on almost every industry, with the vector network analyzer market being no exception. Its adoption in different industries has been impacted due to this crisis. On the one hand, there has been an increasing adoption of network analyzers in the telecommunications industry, while on the contrary, various industries like defense, aerospace, and automotive experienced a dip in demand owing to the halt in manufacturing processes and decrease in production in these industries. With the rise in COVID-19 testing worldwide, there has been an increase in the use of testing kits and devices across different medical institutions. Roche, for instance, began to ship the first lot of its Cobas SARS-CoV-2 test in March 2020 to different reference laboratories and hospitals all over the US for high-volume automated patient testing. This is likely to have a positive impact on the vector network analyzer market size.
Surge in Demand from Electronics Industry to Bolster Market Growth
The surge in demand for vector network analyzer software in the electronics industry is likely to bolster market growth over the forecast period. The burgeoning demand is due to the growing adoption of wireless devices. The growing use of the internet and technologies will boost the market growth. Increasing penetration of smartphones and wide RF vector network analyzer design applications is likely to catalyze market growth.
Additional factors adding market growth include the declining popularity of scalar network analyzer, wide vector network analyzer applications in communication sectors, electronic manufacture, and automotive owing to its alluring features, the growing demand for 4G and 3G, sophisticated technological improvements, emerging BYOD, and IoT in corporate environments, demand for USB vector network analyzer, vector network analyzer components, & compact vector network analyzer, and increasing adoption in the education sector.
Rapid Acceleration of 5G Technology to Offer Robust Opportunities
The rapid acceleration of 5G technology development that is driven by the growing demand for new IoT use cases where lower latency and higher reliability is needed is likely to offer robust opportunities to market players in the future.
High Infrastructure Cost to Act as a Market Restraint
The high infrastructure cost may act as a market restraint for market players in the future.
Fall in the Prices of Scalar Systems to Act as a Market Challenge
The fall in the price of scalar systems has increased the sale of scalar network analyzers that may act as a major challenge for market players in the future.
Global Vector Network Analyzer Market has been bifurcated based on Application and Frequency Type.
40-50 GHz Segment to Lead Vector Network Analyzer Market
By frequency type, the global vector network analyzer market is segmented into 67-110 GHz, 26.5-40 GHz, 40-50 GHz, 50-67 GHz, and 0.26-5GHz. Of these, the 40-50 GHz segment will lead the market over the forecast period for its increasing use in the healthcare industry for portable medical device testing, in the electronic manufacturing industry, the 2D and 3D RF simulation, and automotive infotainment device manufacturing & automotive for component testing.
IT and Telecommunication Segment to Dominate Vector Network Analyzer Market
By application, the global vector analyzer market is segmented into agriculture, medical, automotive, transportation, aerospace and defense, electronic manufacturing, education, and IT and telecommunication. Of these, the IT and telecommunication segment will dominate the market over the forecast period. This will be followed by the electronic manufacturing segment that is predicted to grow at the highest CAGR by 2023.
North America to Sway Vector Network Analyzer Market
The global vector network analyzer market geographically has been segmented into Europe, the Asia Pacific (APAC), North America, & the Middle East & Africa (MEA). Of these, North America will sway the market over the forecast period. The high adoption of RF technologies and microwave sensing, widespread applications owing to its advantage to reach a broad range of applications, the presence of reputable IT and telecommunication, electronics, transportation, and automotive companies and their adoption of vector network analyzers, the high adoption rate in the US by well-established automotive and electronic industries, and increasing use in device testing, scattering measurements, and real-time component testing are adding to the global vector network analyzer market growth in the region. Besides, increased consumption of electronic cars and devices, and availability of technological expertise and modern infrastructure, is also adding market growth.
Europe to Command Second-Largest Share in Vector Network Analyzer Market
The global vector network analyzer market in Europe is predicted to have the second-largest share over the forecast period. Rapid industrialization, strong economic growth, constant technological innovations & product enhancements are adding to the global vector network analyzer market growth in the region.
APAC to Have Healthy Growth in Vector Network Analyzer Market
In the APAC region, the global vector network analyzer market is predicted to have healthy growth over the forecast period. Increased adoption of microwave technology and RF and their implementation in various industries, advances in IoT and wireless communication, economic and industrial growth, and use in different end use industries like aerospace and defense, and electronic manufacturing are adding to the global vector network analyzer market growth in the region.
Global Vector Network Analyzer Market is highly competitive and fragmented in nature with the presence of several key players. These key players have encompassed strategies such as mergers, alliances, acquisitions, product launches, and R&D for strengthening their position in this market and also widen their portfolios.
Leading vector network analyzer manufacturers profiled in the global vector network analyzer market report include AWT Global LLC (US), GS Instrument Co. Ltd. (Korea), Chengdu Tianda Instrument Equipment Co., Ltd. (China), Anritsu Corporation (Japan), OMICRON Lab. (Austria), Copper Mountain Technologies (US), Transcom Instruments Co., Ltd. (China), National Instrument Corporation (US), HUBER+SUHNER (Switzerland), Keysight Technologies Inc. (USA), and Rohde & Schwarz GmbH & Co. KG. (Germany).
The vector network analyzer market report by Market Research Future throws light on the current trends and niches in the industry. The report also lays emphasis on the various market drivers, opportunities, market restraints, and challenges, as well as offers insights for the forecast period. It also throws light on the different market segments for a comprehensive understanding of the reader.
By Frequency Type
Frequently Asked Questions (FAQ) :
The vector network analyser market is predicted to grow at 4% CAGR between 2017- 2023.
North America is predicted to lead the vector network analyser market.
Increasing use in education and development in network infrastructure are adding to the growth of the vector network analyser market.
High infrastructure cost may limit the vector network analyser market.
Key players profiled in the vector network analyser market include Keysight Technologies Inc. (US), 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), and AWT Global LLC (US).