Vector Network Analyzer Market Insights
The global vector network analyzer market will demonstrate steady revenue growth. The growing user base of cellular or mobile phones that run on 3G or 4G networks would drive the market growth. Market Research Future (MRFR) confirms that the global vector network analyzer market is poised to escalate from USD 0.4 BN in 2022 to USD 0.57 BN by 2032, growing at a 4% CAGR during the review period (2023-2032).
Besides, the growing adoption of Wi-Fi, or wireless LAN networks in offices and commercial venues, will boost the vector network analyzer industry demand. Rapid developments in Wi-Fi technology and networks would drive market growth. Increased use of wireless devices and the demand for vector network analyzers from the electronics, aerospace defense, and automotive industries are key market drivers enhancing market revenues.
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Major Players
Players leading the global vector network analyzer industry.
- GS Instrument Co. Ltd. (Korea),
- AWT Global LLC (US),
- Chengdu Tianda Instrument Equipment Co. Ltd. (China),
- OMICRON Lab. (Austria),
- Anritsu Corporation (Japan),
- Copper Mountain Technologies (US),
- National Instrument Corporation (US),
- Transcom Instruments Co. Ltd. (China),
- HUBER+SUHNER (Switzerland),
- Rohde Schwarz GmbH Co. KG. (Germany), and
- Keysight Technologies Inc. (USA), among others.
Vector Network Analyzer Market - Segments
The vector network analyzer industry report is segmented into frequency types, applications, and regions. The frequency type segment is sub-segmented into 0.26 - 5 GHz, 26.5 -40 GHz, 40 -50 GHz, 50 -67 GHz, and 67 -110 GHz. The application segment is sub-segmented into IT telecom, electronic manufacturing, education, aerospace defense, transportation automotive, medical, and agriculture. By regions, the vector network analyzer market is segmented into the APAC, Americas, Europe, and rest-of-the-world.
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Vector Network Analyzer Market - Regional Analysis
North America dominates the global vector network analyzer industry. The increasing use of wireless devices, the rising number of Smartphone users, and the wide adoption of VNAs for radio frequency applications drive the vector network analyzer market growth. Besides, the growing need for VNAs in wireless devices and IoT technology boosts the vector network analyzer market size.
Also, the large presence of notable players such as Keysight Technologies and AWT Global substantiates the region's vector network analyzer market share. The high adoption of IoT technology and smart devices such as smartphones and smart TVs in the region propel vector network analyzer industry revenues. The early adoption of advanced vector network analyzers by telecom companies in the region drives market growth.
Global VNA Market - Competitive Analysis
There are many well-established players operating in the vector network analyzer industry. The market demonstrates high growth prospects, which would attract several new entrants, further boosting the market competition. Matured players incorporate collaboration, acquisition, partnership, product launch, and expansion to gain a competitive advantage.
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Industry/ Innovation /Related News:
Jun.01, 2023 -- Keysight Technologies launched the first midrange Vector Network Analyzer (VNA), E5081A ENA-X. The Keysight E5081A ENA-X produces fast, accurate, and error vector magnitude (EVM) measurements to accelerate the 5G component design characterization by up to 50%. The new VNA addresses the need to test the design and performance of components, offering full vector correction in a single test setup at the device under test (DUT) plane.
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