The global vector network analyzer market has generated revenue of USD 358.52 million in 2017 and is expected to reach a market value of USD 457.77 million by 2023, with a 3.74% CAGR according to the report published by MarketWatch.
Vector Network Analyzer (VNA), also known as protocol analyzers, is used for testing and verifying component designs and specifications. R&D engineers, component designers, system integrators, and product manufacturers use VNA to verify and ensure the performance of electronic products before sending it to the consumer market.
The global vector network analyzer market is growing due to the development in network infrastructure, the emergence of IoT and BYOD in corporate and high adoption of VNAs in Education. However, high implementation costs are going to hamper the growth of the market during the forecast period.
The market has been segmented based on frequency type, application, and region.
By frequency type, the market is broadly classified into 0-26.5 GHz, 26.5-40 GHz, 40-50 GHz, 50-67 GHz, and 67-110 GHZ. The 40-50 GHz segment is expected to lead the global vector analyzer market during the forecast period. 40-50 GHz vector analyzers are used in various industries, such as automotive for component testing and automotive infotainment device manufacturing and testing, and 2D and 3D RF simulation, and in the healthcare industry for portable medical device testing and in the electronic manufacturing industry. The 67-110 GHZ segment is expected to have the highest CAGR of 5.76% during the forecast period.
The global vector network analyzer market has been divided, by application, into IT and telecommunications, transportation, automotive, electronic manufacturing, aerospace and defense, education, medical, and agriculture. The IT and telecommunication segment is expected to be gain high market share during the forecast period. The electronic manufacturing segment is expected to grow with the highest CAGR during the forecast period. Testing of various electronic devices in industries and laboratories for high and low frequencies is the key factor driving the growth of vector network analyzers in the electronic manufacturing industry.
The key players in the global vector network analyzer market are Anritsu Corporation (Japan), Transcom Instruments Co., Ltd. (China), OMICRON Lab (Austria), National Instrument Corporation (US), Copper Mountain Technologies (US), Rohde and Schwarz GmbH and Co. KG. (Germany), AWT Global LLC (US), GS Instrument Co. Ltd. (Korea), Keysight Technologies Inc. (US), HUBER+SUHNER (Switzerland), and Chengdu Tianda Instrument Equipment Co., Ltd. (China)
Vector Network Analyzer Market Industry 2019 Global Market Research Report 2019 report also analyzes international markets including development trends, competitive landscape, business opportunities, investment plans and expert opinions. The report then estimates, market development trends of the Vector Network Analyzer industry till forecast to 2023.
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