HomeBusinessVector Network Analyzer Market to Witness Huge Growth in 2023 | Anritsu Corporation, Transcom Instruments Co., Ltd. , OMICRON Lab
Vector Network Analyzer Market to Witness Huge Growth in 2023 | Anritsu Corporation, Transcom Instruments Co., Ltd. , OMICRON Lab
January 24, 2020
“Global Vector Network Analyzer Market Research Report – Forecast to 2023” Market latest research study released by Report Ocean provides an in-depth assessment of the VECTOR NETWORK ANALYZER including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The latest research study provides market opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support for business intelligence.
The global vector network analyzer market is expected to reach USD 457.77 million by 2023.
Global VECTOR NETWORK ANALYZER Market by by Type, Method, by Application, and Regions – Americas, Europe, Asia-Pacific and Middle East & Africa and Forecast till 2023
The key players in the global vector network analyzer market are Anritsu Corporation (Japan), Transcom Instruments Co., Ltd. (China), OMICRON Lab (Austria), National Instrument Corporation (US), Copper Mountain Technologies (US), Rohde & Schwarz GmbH & Co. KG. (Germany), AWT Global LLC (US), GS Instrument Co. Ltd. (Korea), Keysight Technologies Inc. (US), HUBER+SUHNER (Switzerland), and Chengdu Tianda Instrument Equipment Co., Ltd. (China)
> The global vector network analyzer market is expected to reach USD 457.77 million by 2023.
> The 40-50GHz frequency type segment led the market in 2017 with a value of USD 131.20 million; it is expected to register a CAGR of 3.81% during the forecast period. The 67-110 GHZ segment is projected to register the highest CAGR of 5.76%.
> By application, the IT & telecommunication segment has lead the market in 2017 and has generated highest market value of USD 90.31 million in 2017 and is also expected to register a CAGR of 4.43% during the review period. The electronic manufacturing segment is projected to be the fastest-growing at the highest CAGR of 6.23%
> The market in North America is projected to be the largest during the assessment period, followed by Asia-Pacific.
Vector Network Analyzer (VNA), also known as protocol analyzer, is used for testing and verifying component designs and specifications. R&D engineers, component designers, system integrators, and product manufacturers use VNA to verify and ensure the performance of electronic products before sending it to the consumer market. The global vector network analyzer market is growing due to the development in network infrastructure, emergence of IoT and BYOD in corporates, and high adoption of VNAs in Education. However, high implementation costs are going to hamper the growth of the market during the forecast period.
The global vector network analyzer market has generated revenue of USD 358.52 million in 2017 and is expected to reach a market value of USD 457.77 million by 2023, with a 3.74% CAGR.
The market has been segmented based on frequency type, application, and region.
By frequency type, the market is broadly classified into 0-26.5 GHz, 26.5-40 GHz, 40-50 GHz, 50-67 GHz, and 67-110 GHZ. The 40-50 GHz segment is expected to lead the global vector analyzer market during the forecast period. 40-50 GHz vector analyzer are used in various industries, such as automotive for component testing and automotive infotainment device manufacturing and testing, and 2D & 3D RF simulation, and in the healthcare industry for portable medical device testing and in the electronic manufacturing industry. The 67-110 GHZ segment is expected to have the highest CAGR of 5.76% during the forecast period.
The global vector network analyzer market has been divided, by application, into IT and telecommunications, transportation, automotive, electronic manufacturing, aerospace & defense, education, medical, and agriculture. The IT & telecommunication segment is expected to be gain high market share during the forecast period. The electronic manufacturing segment is expected to grow with the highest CAGR during the forecast period. Testing of various electronic devices in industries and laboratories for high and low frequencies is the key factor driving the growth of vector network analyzers in the electronic manufacturing industry.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2017
Base year – 2018
Forecast period** – 2019 to 2023 [** unless otherwise stated]
The market research study offers in-depth regional analysis along with the current market scenarios. The major regions analyzed in the study are:
Chapter Three: VECTOR NETWORK ANALYZER Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 VECTOR NETWORK ANALYZER Market Size by Type
3.3 VECTOR NETWORK ANALYZER Market Forecast by Type
Chapter Four: Major Region of VECTOR NETWORK ANALYZER Market
4.1 VECTOR NETWORK ANALYZER Sales
4.2 VECTOR NETWORK ANALYZER Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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