Vector Network Analyzer Market 2018 Global Leaders Analysis: GS Instrument, Anritsu, Transcom Instruments, National Instrument, OMICRON, AWT Global LLC, Keysight Technologies

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.

Market Highlights

Market Research Future (MRFR) in its latest study reveals that the vector network analyzer market is estimated to grow phenomenally during the forecast period (2018-2023). The global market is primarily driven on account of declining popularity of scalar network analyzer. Moreover, the market thrives on the back of its extensive application in automotive, electronic manufacture and communication sector. The expansion of these industries is expected to push the market valuation to USD 457.77 million by 2023.

Apart from this, the increasing demand for 3G and 4G technologies have bode well for the market growth in the past few years. The market also flourishes on the back of leading market players who strive to get ahead with their strategies and long-term vision and continuously engage in product development and other activities. For instance, Siglent Technologies recently introduced a new vector network analyzer (VNA) with frequency ranging from 10 MHz to 1.5 GHz. This analyzer provides excellent measurement details with a wide range of measurement functions for device testing, broadcast evaluation, site surveying, and many more applications.

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On the flip side, strong competition from scalar systems may impede the ongoing market development. That being said, it is safe to assume that the Vector Network Analyzer Market is expected to grow substantially due to increasing adoption of internet of things (IoT) and upcoming 5G technology. Design and development of devices used for 5G applications create an opportunity for VNAs. Another growing application in which VNAs play a crucial role is connected-car designs. Owing to these factors, the market is set to expand considerably during the forecast period.

Segmentation:

The global VNA market can be segmented by frequency type and application.
Frequency type-wise, the market includes 0.26 – 5 GHz, 26.5 – 40 GHz, 40 – 50 GHz, 50 – 67 GHz, 67 – 110 GHz. 40 – 50 GHz segment is eyeing for USD 190.06 million valuation during the forecast period. Whereas, the 67 – 110 GHz segment can register the fastest CAGR of 5.67% by 2023. With countries investing extensively in defense and aerospace, this segment can enjoy a stellar demand during the forecast period.

Application-based market segmentation comprises IT & telecommunication, electronic manufacturing, education, automotive, medical, aerospace & defense, transportation, and agriculture. Currently, the IT & telecommunication sector is spearheading the market with an expected market valuation of USD 139.29 million. However, the electronic manufacturing can deliver growth at a staggering CAGR of 6.23% during the review period.

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).

Regional Analysis:

Geographically, the global VNA market covers North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The end-user industries in North America are integrating this technology into their systems to attain a real-time reading of component testing, device testing, and measurement of scattering parameters. This helped North America to gain the maximum share of the global market share. The segment is also enjoying a substantial boost from sectors such as the automotive and electronics industries. The U.S. had lead in market revenue with a valuation of USD 165.51 million in 2017, with Canada and Mexico following its lead. However, Canada is showing tremendous possibilities to register the fastest CAGR of 5.10% during the forecast period.

The APAC market is the second largest market as the region is quickly picking up speed in adopting the latest technologies such as IoT and wireless communication. Countries such as China, India, and Japan are to receive the maximum benefit from this shifting trend. China had accrued revenues close to USD 46.5 million in 2017. It is expected to showcase the fastest CAGR of 6.16% during the forecast period.

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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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This release was published on openPR.