Covid-19 Impact on Vector Network Analyzers Market Research Report, by Application (Automotive, Transportation, Medical, IT & Telecommunication, Aerospace & Defense, Education, Agriculture), by Frequency (26.5 – 40 GHz, 40 – 50 GHz, 50 – 67 GHz) — Forecast till 2023
Market Overview
Vector network analyzers (VNA) remains a key technology for effective measurement of RF (radio frequency) networks. Market Research Future (MRFR) reports that the global vector network analyzer market will exhibit a healthy CAGR of 3.74% during the forecast period (2018-2023). Component manufacturers use VNA to assess the effect of radio frequency on devices on parameters such as performance and veracity.
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VNAs are used for analysing RF based modules, mixer and amplifiers. They also find application in testing prototypes and component specification being they are market commercially. VNA has played a crucial role in the gradual advancement in communication technologies. Most communication devices that are currently manufactured undergo VNA testing before their commercial launching. Thus, increased penetration of communication devices such as smartphones and tablets is making a positive impact on the Covid-19 Impact on Vector Network Analyzers Market. Moreover, emergence of revolutionary wireless network system such as MAN and WAN is creating market opportunities for VNA. The IoT boom is also anticipate to usher in more opportunities for VNA systems in the near future. The growing trend of bring-your-own-device (BYOD) and inclination towards wireless ecosystems are other factors that are supporting the growth of the VNA market. Nevertheless, the arrival of alternative testing technologies (scalar network analyzers) can undermine the proposition of VNA systems.
Regional Analysis:
The vector network analyzer market has been covered across Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), North America and Latin America. North America is expected to remain an important market for VNA during the forecast period. This is attributed to factors such as the existence of a massive telecommunication sector, a vast electronics manufacturing industry and presence of leading players. The U.S will remain the major market in the region over 2023. The U.S VNA market stood at more than USD 160 Mn in 2017. APAC is also expected to present lucrative opportunities for market players over the next couple of years. The region’s market has picked up a healthy momentum in recent years owing to the rapid expansion of the electronics manufacturing sector in China. In 2017, the China VNA market garnered revenues worth USD 46.5 Mn. In addition, growth of the IT and telecommunication sector in India has also augured well for market players operating in the region.
Market Segmentation
MRFR has also conducted as comprehensive segmental analysis of the vector network analyzer market based on application and frequency type. By frequency type, the market has been segmented into 40 – 50 GHz, 26.5 – 40 GHz, 50 – 67 GHz, 0.26 – 5 GHz, and 67 – 110 GHz. The 40 – 50 GHz segment is expected to reach a market valuation of more than USD 190 Mn by the year 2023. Whereas, the 67 – 110 GHz segment is set to capture the highest CAGR during the assessment period. The intensive investment in aerospace and defence is expected to create growth opportunities for the 67 – 110 GHz segment. By application, the market has been segmented into transportation, IT & telecommunication, education, medical, electronic manufacturing, agriculture, automotive, and aerospace & defense. Among these, the IT & telecommunication segment currently accounts for the largest share of the market. The electronica manufacturing segment is also expected to record a significant growth over the assessment period.
Key Players:
Prominent players in the Vector Network Analyzers 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).
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Definition 13
2.2 Scope Of The Study
2.3 Market Structure
2.4 List Of Assumptions
3 Research Methodology
3.1 Research Process 16
3.2 Primary Research 16
3.3 Secondary Research 17
3.4 Market Size Estimation
3.5 Forecast Model 19
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Development In Network Infrastructure
4.2.2 Emerging IOT And BYOD In Corporate
4.2.3 High Adoption Of VNAs In Education
4.2.4 Drivers Impact Analysis
4.3 Restraint
4.3.1 High Implementation Cost
4.3.2 Restraints Impact Analysis
Continued…
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