PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1076971
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1076971
The global Vector Network Analyzers market is estimated to be worth $530.7 million in 2021. Vector Network Analyzers market is expected to expand at an 5.1% CAGR during the forecast period.
Market Introduction
The vector network analyzer, or VNA, is a critical test tool that has aided in the development of a wide range of modern wireless technologies. VNAs are currently used in a variety of RF and high-frequency applications. Simulators are used in design applications to reduce physical prototype iterations and hence speed up time-to-market. Validation of design simulations is done with VNAs. RF components and devices are manufactured and tested according to a set of requirements in manufacturing applications. VNAs are used to verify the performance of RF components and devices rapidly and precisely. The several kinds of RF network analyzers range significantly in their construction and measurement capabilities. Although not inexpensive, the scalar network analyzer is low-cost, but it also delivers the least information. The VNA is capable of providing significantly more information, but it is also significantly more expensive.
Market Dynamics
The importance of vector network analyzers in analyzing, measuring, testing, and evaluating RF signals has boosted the demand for them in broadcasting and wireless technologies. Vector network analyzers can assess both the amplitude and phase of a single RF signal. RF signals transmission and reception from antennas, amplifiers, and attenuators are measured using vector network analyzers. Parameters such as Bluetooth, GPS, ISM, Zigbee, Wi-Fi, and GSM-LTE are measured using vector network analyzers. The market's growth is being fueled by the increasing adoption of wireless devices with Bluetooth, Wi-Fi, GPS, and GSM-LTE modules. Multi-port capability is offered on vector network analyzers, allowing for quick and accurate measurements. In terms of acceptance in various industries, the ongoing COVID-19 pandemic has had an impact on the network analyzer industry. During the crisis, some industries, such as telecommunications, saw a spike in demand for network analyzers, while others, such as automotive, aerospace, and defense, are likely to see a slowdown in demand due to reduced production and manufacturing procedures.
Segmentation Analysis
Vector Network Analyzers Market is segmented By Type, Method of control, Application, and Geography. Based on application, the automotive industry is expected to grow at a lucrative growth rate of 6.9% during the forecast period. The automotive industry is fast evolving to embrace a variety of technologies, including artificial intelligence(AI), machine learning(ML), the Internet of Things, 5G technology, and others, in order to promote the development and growth of connected and autonomous vehicles across the globe. Companies such as BMW, Tesla, Audi, and others are now in a position to put these cars on the road and are fiercely fighting to include autonomous vehicles in their product portfolios. The deployment of sensors, which aid in determining information about the vehicle's surroundings, is likely to expand as autonomous cars/vehicles become more common. In addition, a modern vehicle has more than 100 control units. These connected and autonomous vehicles send and receive a large amount of data on a regular basis, increasing the demand for network analyzers in the industry.
Competitive Landscape
Players in the global vector network analyzer market compete and collaborate with each other to achieve a significant market share in this moderately fragmented market. Expansion into new product releases, undiscovered areas, and operational efficiency initiatives are all important elements in market growth. Industry players are relying on mergers, product launches, product approvals, product enhancement, agreements, and acquisitions to maintain their position in the lucrative Vector Network Analyzers market. For instance, in September 2020, Keysight Technologies, the leading player in the global market, partnered with Meizu. Keysight technologies will validate the enhanced mobile broadband of the Radio Frequency Automation Toolset.
Key features of the study:
This proposed research study on Vector Network Analyzers market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Vector Network Analyzers market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Vector Network Analyzers market.
Impact of COVID-19 on Vector Network Analyzers market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Vector Network Analyzers market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Vector Network Analyzers market, we have also included competitive landscape and key innovator analysis for the Vector Network Analyzers market
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Vector Network Analyzers market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Vector Network Analyzers market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Global Vector Network Analyzers Market Key Players
Keysight Technologies
Rohde & Schwarz GmbH & Co.
National Instrument Corporation
Copper Mountain Technologies
OMICRON Lab
Transcom Instruments
GS Instrument
HUBER+SUHNER
Chengdu Tianda instrument Equipment
AWT Global
Anritsu Corporation
Global Vector Network Analyzers Market by Frequency Range
Less than 5 GHz
5 GHz to 15 GHz
More than 15 GHz
Global Vector Network Analyzers Market by Application
Electronics
Automotive
IT & Telecommunications
Automotive
Aerospace & Defense
Others
Global Vector Network Analyzers Market by Region
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa