Vector Network Analyzer Market Size, Share, Opportunities, COVID 19 Impact, And Trends 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), And By Geography - Forecasts From 2023 To 2028

The vector network analyzer market is projected to witness a compound annual growth rate of 4.42% to reach US$513.891 million in 2028 from US$695.387 million in 2021.

Major market drivers include the rising technological advancement across various industries such as electronics, communication, and automotive. The growing use of IoT and rapid acceleration of 5G technology is expected to have a positive impact on the overall market growth. Furthermore, the rising adoption of network analyzers for the precisive manufacturing of semiconductors and mobile devices is expected to boost market growth in the coming years.

Surging demand for network analysers from the growing automotive sector

One of the prime reasons supporting the growth of the vector network analyzer market is the growing automotive sector. The automotive sector is continuously working to bring several technologies like IoT, artificial intelligence, wireless technology, 5G, and machine learning into the industry for the growth and development of connected and autonomous cars worldwide.

The rising adoption of sensors and implementation of more than 100 control units in modern vehicles is expected to generate a vast amount of informational data which is continuously transferred and received by these autonomous vehicles and is expected to increase the demand for network analyzers in the industry.

According to the International Organization of Motor Vehicle Manufacturers, China is one of the major manufacturers of automotive vehicles. As per the data, cars manufactured in China in 2021 were 2,14,07,962 which increased to 2,38,36,083 in 2022. With increasing technological advancement in the field of car manufacturing and rising demand for cars and other commercial vehicles the market for vector analyzers is expected to grow in the coming years.

The IT and telecommunication market for vector network analyzers

Vector network analyzers are used to evaluate design simulations and test component requirements to ensure that systems and their components function together appropriately. Currently, around 6.37 billion smartphones are used globally. Internet usage has increased significantly worldwide in the past two decades. For instance, according to the World Bank’s data, in 2021, 63% of the global population had access to the internet, which had shown a 14% in the global internet penetration over the past four years.

Further, with countries moving to 5G connectivity the IT and communication technology is expected to propel. Data traffic levels are rising as a result of the introduction of new 5G services, which are extending to wireless access networks, base stations and transmission equipment, and data centers. With this, the demand for the vector network analyzer market is expected to rise.

Strategic collaboration and product launches have further propelled the overall market growth. For instance, in March 2021, Anritsu and Spirent developed the World-First Solution for evaluating 5G video quality. Likewise, in July 2021, Anritsu collaborated with Samsung Electronics to focus on the integration and testing of multiple new Release 16 power-saving features that can extend battery life, such as new wakeup signal (WUS), UE Assistance Information, enhanced cross-slot scheduling, and optimized UE radio capability signalling (RACS).

The USA vector network analyzer market is predicted to expand steadily. 

Automotive, electronics, aerospace and defense, and IT and telecommunication are the prime sector that utilizes network analyzer equipment in the country. The growing investment and production units to bolster the overall productivity of these major end-users have provided a positive market outlook for vector network analyzers in the United States. Additionally, the growing shift towards electric vehicles, and increasing carbon consciousness, accompanied by governmental support is projected to further drive the notable demand. For instance, according to the International Energy Agency, in 2022, United States electric car stock stood at 3 million units which represented a significant 36.36% increase over 2021’s stock volume of 2.2 million units .

The United States aerospace industry is the global leader in terms of innovation and production of advanced aircraft systems. Airbus and Boeing are two leading aircraft-producing companies which are operating in the US. The companies ' aircraft deliveries have surged at a profitable pace with the increase in aircraft demand owing to the rise in air flights. The rise in production is forecasted to create notable demand for the network analyzer market in the country.

Additionally, the penetration of Industry 4.0 and the introduction of new technology is estimated to open new opportunities for the market in the country. Furthermore, state-of-the-art infrastructure and early adoption of numerous technologies also support the market prospects.

Market Key Developments

• In August 2022, Anritsu launched the world’s first single sweep VNA-Spectrum analyzer solution supporting 70 kHz to 220 GHz, VectorStar. VectorStar has the spectrum analyzer feature, it can perform single connection tests using Vector Network Analyzer (VNA) and spectrum-based measurements. This makes the testing process more efficient and accurate, especially for checking how well active and passive devices work during the design, troubleshooting, or characterization stages.
• In July 2022, May Mobility - a shuttle operation company that is into developing innovative autonomous vehicles, topples milestone with the newly announced Grand Rapids Minn. deployment. The Grand Rapids deployment marks several firsts for the company and the autonomous vehicle industry. The company will receive the first commercial launch of the Toyota Sienna Autono-MaaS (S-AM) and will also host the largest on-demand area yet.
• In May 2023, Keysight Technologies launched the “Keysight E5081A ENA-X” midrange vector network analyzer that produces precise error vector magnitude measurements thereby accelerating the characterization of 5G component designs and addressing the growing demand of high data speed with ultra-low latency.

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
    • UK
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Thailand
    • Taiwan
    • Indonesia
    • Others