According to Fact.MR, a renowned market research and competitive intelligence provider, the global network analyzer market is projected to reach a value of US$ 800 million by the year 2033. This growth is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033.
Network analyzers are instrumental devices utilized to assess the network properties of electric networks. Given that the reflection and transmission of electrical networks are more readily measured at higher frequencies, network analyzers commonly examine S-parameters.
These analyzers are categorized into three main types: vector network analyzers, scalar network analyzers, and large signal network analyzers. A vector network analyzer functions as electronic measurement equipment employed to gauge the frequency response of a multi-component network or a component, whether passive or active. It stands as one of the most frequently utilized methods for computing radio frequency and microwaves.
The demand for vector network analyzers in the electronics sector is experiencing a notable surge, driving the market forward. This uptick in demand is primarily fueled by the escalating popularity of wireless devices. With an increasing number of smartphone users and the widespread utilization of vector network analyzers in RF design applications, the market is poised for significant expansion in the foreseeable future.
The automotive industry has witnessed a substantial increase in the complexity and abundance of electronic technologies in modern vehicles. Consequently, there is a pressing need to establish in-vehicle networking systems for effectively controlling these electronic technologies.
Moreover, providers within the utility and energy sectors are increasingly relying on wireless and fiber optic technology to enhance operational efficiency and establish safer environments. Consequently, the thorough testing and measurement required for fiber optic and wireless technology to ensure desired outcomes are further bolstering the network analyzer market.
Key Takeaways from Market Study
- The global network analyzer market amounted to US$ 500 million in 2023.
- Worldwide demand for network analyzers is estimated to increase at a CAGR of 4.8% from 2023 to 2033.
- The market is set to hit US$ 800 million by the end of 2033.
- North America is expected to lead the global network analyzer market during the forecast period.
“Rising demand for network analyzers that can operate on many frequencies and growth in the demand for test and measurement equipment is expected to fuel the market over the forecast period. Moreover, rapid improvement of wireless technologies is another major factor projected to boost global market growth,” says a Fact.MR analyst.
Competitive Landscape
There are several prominent participants in the worldwide market. Few competitors currently dominate the market in terms of market share. Key players in the network analyzers market are actively exploring tactics such as partnerships, investments, acquisitions, R&D activities, and new developments to grow and reinforce their international presence and acquire market share.
- Anritsu Corporation released the ShockLine ME7868A series of modular 2-port vector network analyzers (VNAs) in August 2020, capable of performing full vector S-parameter measurements over distances of up to 100 meters. The ME7868A VNA connects directly to the device under test (DUT) via the MS46131 Hazelnut portable VNA ports to offer vector transmission measurements across longer distances and at a reduced cost.
- Schwarz and Rhode released a free handheld vector analyzer R&S ZNH with a frequency range of up to 26.5 GHz, comprehensive S-parameter measurements, and antenna & cable examination in January 2020.
Regional Analysis
North America is expected to dominate the global network analyzer market over the next ten years. The United States is witnessing high demand for vector network analyzers due to their growing usage in the automotive and electronics industries. Moreover, Europe and Asia Pacific are projected to follow North America in terms of growth.
Key Segments of Network Analyzer Industry Research
· By Type: Below 1.5GHz, 1.5 to 4GHz, 4 to 10GHz, Above 10GHz
· By Application: Communications, Aerospace & Military/Defense, Electronics, Automotive
· By Region: North America, Latin America, Europe, Asia Pacific & China, Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global network analyzer market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the market based on type (below 1.5GHz, 1.5 to 4GHz, 4 to 10GHz, above 10GHz) and application (communications, aerospace & military/defense, electronics, automotive), across five major regions of the world.
Key Questions Covered in the Network Analyzer Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Network Analyzer sales grow until 2033?
- Which are the factors hampering the Network Analyzer demand?
- Which region will spearhead the growth in the global industry during 2023-2033?
- Which are the factors driving sales in the Network Analyzer Market during the forecast period?