Network Analyzers Market to Surpass US$ 736.09 Mn by 2030

The global Network Analyzers Market is estimated to account for US$ 504.2 Mn in terms of value by the end of 2022. Various kinds of network analyzers have been developed over the years. Today, there are two main types: SNA and VNA. The difference between them is that SNA is a scalar analyzer, whereas VNA is a vector analyzer. The vector analyzer is more powerful and capable of analyzing a wide range of components. It can also measure phase and magnitude. The basic specification for network analyzers is the frequency range, which defines the minimum and maximum frequencies. Moreover, the dynamic range specifies the range of power.

Global Network Analyzers Market: Drivers

Rise in adoption of network analyzers across the globe is expected to boost growth of the global network analyzer market over the forecast period. Network traffic analyzers can monitor IP traffic for infrastructure environments having high complexities. Due to this, network traffic analyzers are highly preferred options among several end-user industries. Thus, growing adoption network analyzers for handling the growing network complexities and traffic is anticipated to fuel growth of the global network analyzers market over the forecast period.

Global Network Analyzers Market: Opportunities

Increasing demand for network analyzers in IoT and Cloud technology is expected to offer multiple growth opportunities in the global network analyzers market over the forecast period. Due to the huge amount of data processed in cloud and IoT solutions, the demand for network traffic analyzers is high among these technologies. And increasing number of network traffic analyzing tools in cloud service providers for end-to-end visibility is creating several opportunities for the growth of the network analyzers market.

Global Network Analyzers Market: Restraints

The demand for bundled solutions from major end-users industry continues to increase, which in turn is projected to impede growth of the global network analyzers market during the forecast period. Moreover, network analyzers tools lack technical granularity for matching all the aspects of network monitoring, this is also expected to hamper the market growth in the forecast future.

Global Network Analyzers Market Covid-19 Impact Analysis:

The global network analyzers market was moderately impacted by the Covid-19 pandemic. During this period of epidemic, the demand for network analyzers increased in telecommunications industry. However, in industries such as aerospace and automotive, the demand for network analyzer was reduced due to lockdown regulations. Several governments around the globe imposed lockdown regulations to control the virus spread. Under these regulations various industries and related operations were closed down temporarily. This adversely impacted production and demand in many industries including the network analyzers. Thus, the market witnessed a moderate impact of the Covid-19 pandemic.

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Key Takeaways:

The global network analyzers market was valued at US$ 480.2 Mn in 2021 and is forecast to reach a value of US$ 736.09 Mn by 2030 at a CAGR of 4.8% between 2022 and 2030.

Communication segment held dominant position in the global network analyzers market in 2021, accounting for 30.4% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.

Global Network Analyzers Market Trends:

Increasing launch of novel products by market players is a growing trend in the global network analyzers market. For instance, in August 2020, Anritsu Corporation lunched the ShockLine ME7868A, family of 2-port modular vector network analyzers (VNAs) capable of conducting full vector S-parameter measurements in distances up to 100 meters. Launch of such advanced new products is likely to fuel the demand for network analyzers, and this trend is expected to grow in the global market over the forecast period.

Moreover, increasing demand for 4G and 5G as well as sophisticated technological advancements in Europe is also trending in the network analyzers market in European region. For instance, as per the 5G Americas, Western Europe is likely to account for 28.56% of 5G connections across the globe in 2019. Moreover, as per Ericsson, by 2025 in Western, Central & Eastern Europe, the number of 5G mobile subscriptions are expected to grow to 289 million and 155 million respectively.

Global Network Analyzers Market: Competitive Landscape   

Advantest Corporation, Tektronix Inc., National Instruments Corporation, Rohde & Schwarz GmbH & CoKG, Teledyne LeCroy Inc., Keysight Technologies Inc., Anritsu Corporation, and Transcom Instruments Co. Ltd.