Vector Network Analyzer Market Subjected to Expand to Showcase Rampant Growth by 2023
Market
Highlights
Market Research Future (MRFR) studied the
present scenario and predicted the aftermath dynamics of the vector
network analyzer market 2020 pertaining to the pandemic. As per MRFR study,
the expansion of the vector network analyzer market across the forecast period
(2018-2023) can be a high CAGR. The global VNA market is likely to be driven by
the decline in the popularity of scalar network analyzer. The extensive application
of vector network analyzer in automotive, communication, and electronic
manufacture sector can cause the market to value at USD 457.77 Mn by 2023.
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Segmental Analysis
The segment study of the global market of
vector network analyzer is based on frequency type and application.
0.26
– 5 GHz, 50 – 67 GHz, 40 – 50 GHz, 26.5 – 40 GHz, and 67 – 110 GHz are
frequency type based segments of the vector network analyzer market. The rise
in 0.26 – 5 GHz analyzer application for radio frequency (RF) component design
and testing. Its implications in semiconductor manufacturing, educational
institutes for training, and cable manufacturing are also likely to gain
considerable revenue for the market. The increase in application of 26.5 – 40
GHz vector network analyzer in laboratories for carrying out test of microwave
enabled devices can bolster the market rise. Their utility in fiber optic
testing and manufacturing, along with Wi-Fi enabled device testing and
production can boost the market growth.
Information technology
(IT) and telecommunication, education, electronic manufacturing, aerospace and
defense, transportation, automotive, medical, and agriculture are application
based segments of the vector network analyzer market. The electronic
manufacturing industries can bring in substantial business for the market. The
increase in the adoption of vector network analyzers for component testing in
various electronic devices and RF technology testing can impel the expansion of
the market.
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Regional
Outlook
The high requirement
for vector network analyzer in the North America region can boost the market
rise in the region. The high adoption of microwave sensing and RF technologies
can promote the vector network analyzer market across the review period. The
widespread application of VNAs due to their benefit to reach a broad range of
applications can spur the market in the region.
The presence of
reputed IT and telecommunication, automotive, transportation, and electronics
companies in the region and their adoption of VNA can impel the market growth.
In the United States, the vector network analyzer market can generate high
revenue due to the high adoption rate of vector network analyzer by the
well-established electronics and automotive industries. The rise in utility of
VNA in device testing, real-time component testing, and scattering measurements
can impel the expansion of the regional market.
In Asia Pacific, the
vector network analyzer market is likely to rise at a high pace due to the
increased adoption RF and microwave technology and their wide range of and
implementation in different industries. In addition, advancements in wireless
communication and IoT can impact the VNA market in regions, such as India,
Japan, and the rest of the region positively in the years to come. In Europe,
vector network analyzer market can surge at a healthy growth rate.
Key players
MRFR registered some well-established
vector network analyzer providers. They are; Rohde & Schwarz GmbH & Co.
KG. (Germany), Keysight Technologies Inc. (USA), HUBER+SUHNER. (Switzerland),
National Instrument Corporation (US), Transcom Instruments Co., Ltd. (China),
Copper Mountain Technologies (US), OMICRON Lab. (Austria), Anritsu Corporation
(Japan), Chengdu Tianda instrument Equipment Co., Ltd. (China), GS Instrument
Co. Ltd. (Korea), and AWT Global LLC (US) among others.
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