Vector Network Analyzer Market

Growing number of wireless devices using vector network analyzers is driving the market growth

Market CAGR for vector network analyzers is driven by the increasingly used of wireless devices are becoming more popular in wireless and broadcasting technologies because they are important for studying, testing, measuring, and evaluating RF signals. Vector network analyzers can measure both the strength and the phase of a single RF wave. Vector network monitors to measure how antennas, amplifiers, and attenuators send and receive RF signals. Vector network monitors are used to estimate parameters of telecom bands like Bluetooth, GSM-LTE, ISM, and GPS.

The market is growing because more people buy wireless products like cell phones and laptops with Bluetooth, Wi-Fi, GPS, and GSM-LTE modules. Also, vector network analyzers can have more than one port, which helps them make quick and accurate readings. Demand for Vector Network Analyzer is expected to rise due to the issues mentioned above in the future.

Additionally, the rising interest in precise manufacturing mostly drives the market. Precision manufacturing has gotten much attention because producers are trying to lower their input costs, which helps them make more money. Also, the growth of the semiconductor business is making precise manufacturing better, which drives the studied market. The number and complexity of electronic technologies in modern cars have grown a lot. Because of this, it is clear that the in-vehicle networking needed to handle electronic technologies needs to be designed.

Also, utility and energy sector providers depend on wireless and fiber optic technologies, which help them run more efficiently by improving their operations and creating a safer environment. So, fiber optic and wireless technology must be tested and measured correctly for the right results. Therefore, the increasing prevalence of vector network analyzers is fueling the expansion of the international market.

For instance, key sight technologies said that Meizu had chosen the company's Radio Frequency Automation Toolset to test the performance of enhanced mobile broadband (eMBB), which is important for putting multimedia apps on 5G phones. As a result, the demand for vector network analyzers is predicted to grow throughout the forecasted time due to the rising demand for electric networks. Thus, the driving factor is the vector network analyzer’s market revenue.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American vector network analyzer market will dominate because of a growing need for VNAs in wireless devices, an increasing use of Internet of Things technology in almost all wireless devices, a rising number of Smartphone users, and wide adoption of VNAs for radio frequency applications.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: GLOBAL VECTOR NETWORK ANALYZER MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe’s vector network analyzer market accounts for the second-largest market share because of fast development and strong economic growth. Further, the German vector network analyzer market held the largest market share, and the UK vector network analyzer market was the fastest-growing market in the European region.

The Asia-Pacific vector network analyzer market is expected to grow at the fastest CAGR from 2023 to 2032 because of changes in technology in the car industry and the growing demand for 4G and 5G. These technological changes are also a big reason why the market for Network Analyzers is growing in this region. As a result, it has been adopted by a growing number of sectors with the help of encouraging government programs. Moreover, China’s vector network analyzer market held the largest market share, and the Indian vector network analyzer market was the fastest-rising market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the vector network analyzer market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's global footprint, with important market developments including new product launches, contractual agreements and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the vector network analyzer industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the global vector network analyzer industry to benefit clients and increase the market sector. In recent years, the vector network analyzer industry has offered some of the most significant technological advancements. Major players in the vector network analyzer market include AWT Global LLC (US), GS Instrument Co. Ltd. (Korea), Chengdu Tianda Instrument Equipment Co. Ltd. (China), Anritsu Corporation (Japan), and OMICRON Lab. (Austria), Copper Mountain Technologies (US), Transcom Instruments Co.

Ltd. (China), National Instrument Corporation (US), HUBER+SUHNER (Switzerland), Keysight Technologies Inc. (USA), Rohde & Schwarz GmbH & Co. KG. (Germany), and others are attempting to grow market demand by investing in research and development operations.

Anritsu offers cutting-edge test and measurement solutions for communications. Anritsu treats Customers as real partners in developing wireless, optical, microwave/RF, and digital solutions for research and development, production, and installation, as well as multidimensional service assurance solutions for network optimization. Anritsu also offers optical components, high-speed electrical devices, and precision microwave/RF components for communication systems and equipment. The business creates cutting-edge solutions for contemporary and historical wireline and wireless technologies used in government, military/aerospace, commercial, private, and other markets.

In May 2023, MediaTek Incorporated (MediaTek) and Anritsu Corporation (President Hirokazu Hamada) successfully evaluated the RF characteristics in network mode to confirm the functionality and features of MediaTek's Filogic chip for IEEE802.11be wireless LAN (WLAN).

OMICRON Lab is a part of OMICRON Electronics GmbH that specializes in offering Smart Measurement Solutions® to experts in the field of electronics, including scientists, engineers, and teachers. It makes measurement duties simpler and gives its clients more time to concentrate on their core businesses. Since its founding in 2006, OMICRON Lab has provided services to clients in more than 60 nations. A quick and exceptional level of customer assistance is made possible through offices in America, Europe, and East Asia and a global network of distributors.

Products from OMICRON Lab are synonymous with exceptional quality and the best price/value on the market. The dependability and simplicity of the devices ensure trouble-free operation. Creating new goods close to market demand is made possible by close customer relationships and more than 30 years of internal expertise. In May 2023, For the VS1010, we released a brand-new test version of the High-Speed USB Mass Storage driver. The read and write speeds offered by this new version are noticeably faster than those of the old Full-Speed driver.