Vector Network Analyzer Market -Growth Drivers, Opportunities and Forecast Analysis to 2023
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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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 Fibre 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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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.
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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