Vector Network Analyzer (VNA) Market Size, Share, Growth, And Industry Analysis, By Type (0-10 GHz, 10-50 GHz and Above 50 GHz), By Application (Communications, Automotive, Electronic Manufacturing, Aerospace and Defense and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Vector Network Analyzer (VNA) Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global vector network analyzer (VNA) market is expected to grow from USD 373.5 Million in 2022 to USD 462.35 Million by 2031, at a CAGR of 2.4% from 2022 to 2031.

An equipment that analyses and analyses the network properties of electrical networks is known as a vector network analyzer (VNA). To guarantee that the framework and its components interact properly, vector network analyzers are used to examine component specifications and validate design simulations. Using the idea of monitoring the transmitted and reflected waves, it measures both amplitude and phase parameters. There are several applications for vector network analyzer (VNA) in the electronics, automotive, and communication industries. The market for vector network analyzers (VNA) is anticipated to expand as a result of the spike in demand from these industries. During the projection period, the market's growth would also be aided by the rising adoption of wireless devices. The demand for vector network analyzers will be further aided by the rapid industrial growth of emerging economies.

COVID-19 Impact: Despite the Difficulties Faced by Covid, the Market for Vector Network Analyzers is Anticipated to Expand

The advent of COVID-19 influences every business, including the vector network analyzer (VNA) market. Lockdowns enacted in nations around the world to stop the virus' spread had an adverse effect on the goods and distribution. Additionally, the market for vector network analyzers is being significantly impacted by the fall in demand in other industries using vector network analyzers, such as automotive, defense, and aerospace. However, the market expansion of vector network analyzers has been aided by the rise in utilization in sectors like telecommunication and electronics. The culture of working from home and online learning has also increased demand for wireless connections and smart devices. This has helped the market's expansion even further.

Latest Trends

"Utilization of Vector Network Analyzers for Wireless Devices is Growing to Fuel Market Growth"

 Due to the vector network analyzer's (VNA) crucial role in the analysis, testing, measuring, and evaluation of RF signals, its demand for wireless and broadcasting technologies has skyrocketed. One RF signal's amplitude and phase can be measured using vector network analyzers. Measurement of RF signals sent and received from antenna, amplifiers, and attenuators is done using vector network analyzers. The market is expanding because to the increasing use of wireless devices such laptops and mobile phones that have Bluetooth, Wi-Fi, GPS, and GSM-LTE modules. Additionally, multi-port vector network analyzers are available, which aids in offering quick and accurate readings. These reasons are expected to drive the vector network analyzer (VNA) market over the forecast period. 

Vector Network Analyzer (VNA) Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the vector network analyzer (VNA) market can be segmented into 0-10 GHz, 10-50 GHz and Above 50 GHz.  

In terms of type, the 0-10 GHz is anticipated to be the largest segment during the forecast period.  

• By Application Analysis

Based on application, the vector network analyzer (VNA) market can be divided into communications, automotive, electronic manufacturing, aerospace and defense and others.  

In terms of application, the communications market is projected to hold the largest market share through 2028.

Driving Factors

"The Growing Popularity of Precision Manufacturing is One of the Major Market Drivers  "

One of the main market drivers is the rise in interest in precise manufacturing. Precision manufacturing has attracted so much attention as a result of firms' efforts to reduce input costs, which has increased their profit margins. The expansion of the semiconductor industry is also boosting precision manufacturing, which is what is driving the market under study. For precise manufacturers of semiconductors and mobile devices to lower their testing costs, a number of companies offer network analyzer.

"Demand in Automobiles to Experience Significant Market Growth"

The automotive industry is expanding quickly to use a variety of technologies, including AI, machine learning, loT, SG technology, and many others, to support the global growth and development of connected and autonomous vehicles. It is anticipated that as autonomous vehicles become more common, the use of sensors—which gather data about a vehicle's surroundings—will rise. Additionally, a modern car has more than 100 control units, which produces even more data. The industry's need for network analyzers (VNA) is growing as a result of the continual transmission and receipt of numerous data by these connected and autonomous vehicles.

Restraining Factors

"Limited Skill Set or Number of Artificial Intelligence Specialists for the Implementation to Decline Market "

The elements that are anticipated to impede the expansion or restrict demand for a specific market are referred to as restraints for the Network Analyzers market. Economic downturns, alterations in consumer behavior, heightened competition, and modifications to governmental rules are restrictions.  

Vector Network Analyzer (VNA) Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"The European Region will Dominate Market Due to Consistent Technical Advancements"

Due to rapid industrialization and strong economic expansion, the European market is expanding quickly. Consistent technical advancements and product upgrades by top industry players are other variables ensuring market expansion in this area. The Vector Network Analyzer (VNA) market in Europe is being significantly fueled by rising demand for 4G and 5G as well as advanced technological advancements. The increasing demand for connected devices, rising adoption of smart devices, and rising use of lot enabled devices are driving the growth of the market during the forecast period. Network analyzers are used in a wide range of RF and high-frequency applications and measure the network parameters of electrical networks.

Key Industry Players

"Adoption Experiential Marketing Services by Key Players Influencing Market Development"

The top key players in the market are Keysight Technologies, Rohde & Schwarz, Anritsu, Advantest, The 41st Institute of CETC, Transcom Instruments, Copper Mountain Technologies, National Instrument. Most of the top players hold vector network analyzer (VNA) market share in some regions. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the vector network analyzer (VNA) market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the vector network analyzer (VNA) market.  

List of Market Players Profiled

• Keysight Technologies (UK.)
• Rohde & Schwarz (Germany)
• Anritsu (Japan)
• Advantest (Japan)
• The 41st Institute of CETC (China)
• Transcom Instruments (China)
• Copper Mountain Technologies (U.S.)
• National Instrument (U.S.)
• GS Instrument (India)
• OMICRON Lab (China)
• AWT Global (U.S.)
• Chengdu Tianda Instrument (China)
• Nanjing PNA Instruments (China)

Report Coverage

This report examines an understanding of the vector network analyzer (VNA) market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.