Market Research Future published a research report on “Vector Network Analyzer Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Vector network analyzers (VNAs) are useful for vector network analysis. This analysis gets defined as an approach that is used by electronic component manufacturers to test the performance, veracity and other parameters of devices to radio frequencies (RF) of various ranges. Market Research Future (MRFR) has published a research report about the global Vector Network Analyzer Market that gauges gains for this market at 3.74% CAGR between 2018 and 2023. By value, the market has been figured to be worth the USD 457.77 Mn by the end of the forecast period.
The essential market driving factor for the global vector network analyzer market growth is development in communication networking technologies that can act as a bellwether for future use of vector network analyzers. The second important market driving factor is the possibility of the huge volume of data traffic due to the emergence of metropolitan area networks (MAN) and wireless wide area networks (WAN). Introducing VNAs in radiofrequency sandbox units for students can contribute revenue to the market. The third factor assisting the market growth is the integration of the internet of things (IoT) in industrial as well as residential settings for faster access to information and expedited production. Lastly, the bring-your-own-device (BYOD) trend in conglomerates has been anticipated to bolster the market demand during the forecast period. However, substitute technologies for testing and measurement such as scalar network analyzers can hinder the market growth.
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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).
Global Vector Network Analyzer Market: Segmental Analysis
The global vector network analyzer market segmentation has segmented the market into application, frequency type, and region. The application-based segmentation segments this market into agriculture applications, automotive applications, aerospace & defense applications, education applications, electronic manufacturing applications, medical applications, information technology (IT) & telecommunications applications, and transportation applications. By frequency type, the market has been segmented into 0-26.5 GigaHertz (GHz), 26.5 – 40 GHz, 40 – 50 GHz, 50 – 67 GHz, and 67 – 110 GHz.
Global Vector Network Analyzer Market: Regional Analysis
The regional segmentation of the global vector network analyzer market has segmented the market into the regional markets that are Europe, North America, Asia Pacific, and rest of the world (RoW). North America is a huge regional market due to the huge demand for the vector network analyzers in this region. The demand is growing due to the increasing adoption of RF and microwave sensing technologies. Due to technological advancement and IoT integration, VNAs are being used for various applications in several industries. In the USA, of adoption of VNAs in the automotive and electronics industry has been helpful for real-time component testing, device testing, and scattering measurements. After the USA, Canada and Mexico are the most important country-specific markets in this region. Many exceptional market players are based in North America.
The market in Europe has a healthy growth rate due to strong economic growth and rapid industrialization. Other factors ensuring the market growth in this region are constant technological innovations and product enhancement by major market players. In Europe, the maximum market revenue comes from France, Germany, and the UK, followed by the remaining countries of Europe.
The Asia Pacific regional market can expand during the forecast period with a high rate due to the adoption and implementation of RF and microwave technology in numerous industries. Regarding, advancements in IoT and wireless communication, China, India, and Japan are catching up with North America. Remaining countries of the Asia Pacific region also make a sizable contribution to the market revenue.
The RoW segment covers the countries of Middle East & Africa (MEA) region and Latin America. In Latin America, the market is slow because the available technology in this region is not as advanced as it is North America. In the MEA region, market growth is slow due to limited availability of technology.
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