The vector network analyzer market is evaluated at US$464.975 million for the year 2019 and is projected to grow at a CAGR of 4.68% to reach US$640.435 million in 2026.
A network analyzer is an instrument that characterizes and measures the network parameters of electrical networks. Vector Network Analyzers are utilized to check component specifications and verify design simulations to ensure the framework and their components work appropriately together. It measures both amplitude and phase properties using the concept of measuring the transmitted and reflected waves.
A vector network analyzer has extensive operations in the communication, automotive, and electronic sectors. The surge in demand from these sectors is expected to drive the growth of the vector network analyzers market. The growing adoption of wireless devices will also boost the growth of the market in the forecast period. Rapid industrial growth in emerging economies will further facilitate the demand for vector network analyzers. However, high initial implementation cost is predicted to restrain the growth of the vector network analyzer market.
The demand for vector network analyzers in the electronics sector is inclining significantly. Electronic segment creators utilize vector network analyzers to confirm the performance of their components like amplifiers, filters, antennas, cables, mixers, etc. This is mainly attributed to the favorable capabilities of vector network analyzer to calculate return loss and insertion loss of the network, visualizing the results in different formats, characterizing multi-port networks consisting of various components, and utilization for networks with an arbitrary number of ports. Furthermore, there is rising adoption of wireless features incorporated in electronic devices like Bluetooth, Wi-Fi, GPS, and GSM-LTE. Vector network analyzers are also utilized to measure parameters of telecom bands such as Bluetooth, Zigbee, Wi-Fi, GSM-LTE, ISM, and GPS.
Additionally, vector network analyser is being increasingly used in the communication sector due to the technological advancement and rising number of smart phone users. 62.07% of the world’s population own a smart and feature phone. Moreover, vector network analysers are also extensively being used in automotive sector and rising demand for cars is contributing to the demand of vector network analysers. So, the increasing operations of vector network analyzers by electronic, communication, and automotive sector is expected to contribute majorly to the growth of the vector network analyzer market.
The rapid industrialization in the emerging economies is one of the key factors of growth of vector network analyzer market. The rapid industrialization and further the rising utilization of vector network analysers across various industries is raising the demand. Also, the inclining economic conditions in these developing countries coupled with technological advancements is boosting the vector network analyser market growth significantly.
Increasing BYOD and IoT in corporate company environments is pushing the demand for vector network analysers. BYOD refers to Bring Your Own Device under which the employees are permitted to use their personal devices as opposed to using as officially provided devices. This rises the demand for electronic devices propelling the demand for vector network analyzers. IoT, Internet of Things refers to the wireless network of physical devices that are embedded with sensors, software, and other technologies with the aim of connecting and exchanging data with other devices and systems over the internet. This is coupled with increasing globalization, multi-national presence of many companies and outsourcing are hiking the demand for vector network analyzers.
Various technological improvement and their increased adoption in different sectors are expected to lead to the growth of vector network analyzer market. Now, there has been an increasing use of technology in the education sector and by the government too. Thid hints at the further opportunities for the market in terms of wide utilization.
There are two main types of network analyzers namely scalar network analyzers and vector network analyzers. Scalar network analyzers can measure amplitude properties only, as opposed to vector network analyzer then can measure both the amplitude and phase properties. Both the popularity and demand for scalar network analyzers has declined leading to a consumer preference to vector network analyzers boosting the demand.
Vector network analyzers are more complex as they need full heterodyne architecture in the receiver to measure both amplitude and phase. Hence, they are expensive. The main hinderance in the growth of the vector network analyzer market is the high initial installation and manufacturing cost.
Impact of COVID-19
Like every other industry, the advent of COVID-19 has impacted vector network analyzer market too. The product and distribution both suffered due to the lockdowns imposed in the countries across the globe to contain the spread of the virus. Moreover, the decline in the demand in other industries using vector network analyzers like automotive, defence, aerospace is affecting the market for vector network analyzers negatively. However, the increase in adoption in industries like telecommunication and electronics has facilitated the growth of vector network analyzers in the market. Furthermore, the work from home culture and online education have led to a surge in the demand for electronic devices and wireless connections. This has further propelled the market growth. Hence, despite the fluctuation and challenges face by the market, the vector network analyzer market is expected to grow at a steady rate during the forecast period.
By frequency type, the vector network analyzer market is studied across the frequencies of 67-110 GHz, 26.5-40 GHz, 40-50 GHz, 50-67 GHz, and 0.26-5GHz. The 40-50 GHz segment is expected to grow at the highest rate in the forecast period owing to its application by various industries like electronical and automotive.
By Application, the vector analyzer market is segmented into medical, automotive, aerospace and defense, electronic, education, and IT and telecommunication, and others. IT and telecommunication will dominate the growth of the vector network analyzer market owing to the rise in demand facilitated by the emergence of the COVID-19 pandemic.
Geographically, the vector network analyzer market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. Noth America is expected to experience largest growth in the forecast period attributed by the high adoption of vector network analyzers by well-known companies in IT and telecommunication, electronics, transportation, and automotive industries.
Segmentation
By Frequency Type
By Application
By Geography
A network analyzer is an instrument that characterizes and measures the network parameters of electrical networks. Vector Network Analyzers are utilized to check component specifications and verify design simulations to ensure the framework and their components work appropriately together. It measures both amplitude and phase properties using the concept of measuring the transmitted and reflected waves.
A vector network analyzer has extensive operations in the communication, automotive, and electronic sectors. The surge in demand from these sectors is expected to drive the growth of the vector network analyzers market. The growing adoption of wireless devices will also boost the growth of the market in the forecast period. Rapid industrial growth in emerging economies will further facilitate the demand for vector network analyzers. However, high initial implementation cost is predicted to restrain the growth of the vector network analyzer market.
The demand for vector network analyzers in the electronics sector is inclining significantly. Electronic segment creators utilize vector network analyzers to confirm the performance of their components like amplifiers, filters, antennas, cables, mixers, etc. This is mainly attributed to the favorable capabilities of vector network analyzer to calculate return loss and insertion loss of the network, visualizing the results in different formats, characterizing multi-port networks consisting of various components, and utilization for networks with an arbitrary number of ports. Furthermore, there is rising adoption of wireless features incorporated in electronic devices like Bluetooth, Wi-Fi, GPS, and GSM-LTE. Vector network analyzers are also utilized to measure parameters of telecom bands such as Bluetooth, Zigbee, Wi-Fi, GSM-LTE, ISM, and GPS.
Additionally, vector network analyser is being increasingly used in the communication sector due to the technological advancement and rising number of smart phone users. 62.07% of the world’s population own a smart and feature phone. Moreover, vector network analysers are also extensively being used in automotive sector and rising demand for cars is contributing to the demand of vector network analysers. So, the increasing operations of vector network analyzers by electronic, communication, and automotive sector is expected to contribute majorly to the growth of the vector network analyzer market.
The rapid industrialization in the emerging economies is one of the key factors of growth of vector network analyzer market. The rapid industrialization and further the rising utilization of vector network analysers across various industries is raising the demand. Also, the inclining economic conditions in these developing countries coupled with technological advancements is boosting the vector network analyser market growth significantly.
Increasing BYOD and IoT in corporate company environments is pushing the demand for vector network analysers. BYOD refers to Bring Your Own Device under which the employees are permitted to use their personal devices as opposed to using as officially provided devices. This rises the demand for electronic devices propelling the demand for vector network analyzers. IoT, Internet of Things refers to the wireless network of physical devices that are embedded with sensors, software, and other technologies with the aim of connecting and exchanging data with other devices and systems over the internet. This is coupled with increasing globalization, multi-national presence of many companies and outsourcing are hiking the demand for vector network analyzers.
Various technological improvement and their increased adoption in different sectors are expected to lead to the growth of vector network analyzer market. Now, there has been an increasing use of technology in the education sector and by the government too. Thid hints at the further opportunities for the market in terms of wide utilization.
There are two main types of network analyzers namely scalar network analyzers and vector network analyzers. Scalar network analyzers can measure amplitude properties only, as opposed to vector network analyzer then can measure both the amplitude and phase properties. Both the popularity and demand for scalar network analyzers has declined leading to a consumer preference to vector network analyzers boosting the demand.
Vector network analyzers are more complex as they need full heterodyne architecture in the receiver to measure both amplitude and phase. Hence, they are expensive. The main hinderance in the growth of the vector network analyzer market is the high initial installation and manufacturing cost.
Impact of COVID-19
Like every other industry, the advent of COVID-19 has impacted vector network analyzer market too. The product and distribution both suffered due to the lockdowns imposed in the countries across the globe to contain the spread of the virus. Moreover, the decline in the demand in other industries using vector network analyzers like automotive, defence, aerospace is affecting the market for vector network analyzers negatively. However, the increase in adoption in industries like telecommunication and electronics has facilitated the growth of vector network analyzers in the market. Furthermore, the work from home culture and online education have led to a surge in the demand for electronic devices and wireless connections. This has further propelled the market growth. Hence, despite the fluctuation and challenges face by the market, the vector network analyzer market is expected to grow at a steady rate during the forecast period.
By frequency type, the vector network analyzer market is studied across the frequencies of 67-110 GHz, 26.5-40 GHz, 40-50 GHz, 50-67 GHz, and 0.26-5GHz. The 40-50 GHz segment is expected to grow at the highest rate in the forecast period owing to its application by various industries like electronical and automotive.
By Application, the vector analyzer market is segmented into medical, automotive, aerospace and defense, electronic, education, and IT and telecommunication, and others. IT and telecommunication will dominate the growth of the vector network analyzer market owing to the rise in demand facilitated by the emergence of the COVID-19 pandemic.
Geographically, the vector network analyzer market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. Noth America is expected to experience largest growth in the forecast period attributed by the high adoption of vector network analyzers by well-known companies in IT and telecommunication, electronics, transportation, and automotive industries.
Segmentation
By Frequency Type
- 67-110 GHz
- 26.5-40 GHz
- 40-50 GHz
- 50-67 GHz
- 0.26-5GHz
By Application
- Medical
- Automotive
- Aerospace and defense
- Electronic
- Education
- IT and telecommunication
- Others
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- UK
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Vector Network Analyzer Market Analysis, by Frequency Type
6. Vector Network Analyzer Market Analysis, by Application
7. Competitive Environment and Analysis
8. Vector Network Analyzer Market Analysis, by Geography
9. Company Profiles
Companies Mentioned
- Anritsu Corporation
- Copper Mountain Technologies
- Keysight Technologies
- Nanjing PNA Instruments Co.,Ltd
- Pico Technology
- Rohde and Schwarz
- Transcom Instruments Co., Ltd.
- GS Instrument Co. Ltd.
- Omicron Lab.
Methodology
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