Market Scenario:

Vector network analysis is an approach used by electronic component manufacturers to test the veracity, performance, and other parameters of devices to radio frequencies (RF) of various ranges. Vector network analyzers (VNAs) are the perfect tool for analyzing mixers, modules, amplifiers, etc used in RF designs. They are used in testing component specifications and new prototypes before being launched commercially. As per a comprehensive report prepared by Market Research Future (MRFR), the global Vector Network Analyzer Market is projected to enjoy growth at a 3.74% CAGR during the assessment period (2018-2023).

The development in communication networking technologies can act as a bellwether for further future use of VNAs. The high penetration rate of smartphones and the changing work culture habits can portend a massive growth during the forecast period. The huge volume of data traffic is expected an upsurge owing to emergence of wireless wide area networks (WAN) and metropolitan area networks (MAN). Introduction of VNAs in radiofrequency sandbox units for students can act as a revenue source for the market.

The integration of internet of things (IoT) in industrial and residential settings for faster access to information and expedited production will be instrumental for the market. Furthermore, the bring-your-own-device (BYOD) trend in conglomerates is anticipated to bolster the market demand in the coming years. But substitute technologies for testing and measurement such as scalar network analyzers can pose a challenge to the market.

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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).

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.

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
TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Definition 13

2.2 Scope Of The Study 13

2.3 Market Structure 13

2.4 List Of Assumptions 14

3 Research Methodology

3.1 Research Process 16

3.2 Primary Research 16

3.3 Secondary Research 17

3.4 Market Size Estimation 18

3.5 Forecast Model 19

4 Market Dynamic

4.1 Introduction 21

4.2 Drivers 22

4.2.1 Development In Network Infrastructure 22

4.2.2 Emerging IOT And BYOD In Corporate 22

4.2.3 High Adoption Of VNAs In Education 22

4.2.4 Drivers Impact Analysis 23

4.3 Restraint 23

4.3.1 High Implementation Cost 23

4.3.2 Restraints Impact Analysis 24

4.4 Opportunities 24

4.4.1 Growing Network Traffic 24

4.4.2 Emerging 5G Technology 24

4.5 Porter’s Five Forces Model 25

4.5.1 Threat Of New Entrants 25

4.5.2 Bargaining Power Of Suppliers 25

4.5.3 Bargaining Power Of Buyers 25

4.5.4 Threat Of Substitutes 26

4.5.5 Intensity Of Rivalry 26

Continued…

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