Network Analyzers Market Size (2024 - 2029)

The network analyzer market is experiencing growth driven by the transition from 3G to LTE and the rapid development of 5G technology, which is fueled by the increasing demand for IoT applications requiring higher reliability and lower latency. The market size is further influenced by the rising interest in precisive manufacturing, as manufacturers seek to reduce input costs and enhance profit margins, particularly within the semiconductor industry. Additionally, the expanding use of electronic technologies in modern vehicles and the reliance on wireless and fiber optic technologies in the utility and energy sectors are contributing to the market's expansion. However, the market's growth is uneven due to the COVID-19 pandemic, which has led to increased demand in some sectors like telecommunications while causing slowdowns in others such as automotive and aerospace.

Market Size of Network Analyzers Industry

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Network Analyzer Market Size
Study Period 2019 - 2029
Market Size (2024) USD 563.77 Million
Market Size (2029) USD 702.55 Million
CAGR (2024 - 2029) 4.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Network Analyzer Market Analysis

The Network Analyzers Market size is estimated at USD 563.77 million in 2024, and is expected to reach USD 702.55 million by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).

A network analyzer, like most electronic instruments, requires periodic calibration; typically, this is performed once per year and is performed by the manufacturer or by a 3rd party in a calibration laboratory. The shift from 3G to LTE technology has generated a demand for test equipment across the communication sector, thereby boosting the network analyzers' market. Furthermore, the rapid acceleration of 5G technology development, which is partly driven by a rapidly increasing demand for newer IoT use cases, where higher reliability and lower latency is required, is gaining traction.

  • The growing interest in precisive manufacturing is a major driving factor for the market. The precisive manufacturing has caught such huge attention due to the efforts put by the manufacturers to decrease the input cost, thus resulting in an increase in their profit margins. Furthermore, the semiconductor industry's growth is also augmenting precisive manufacturing, which is driving the studied market. According to the Semiconductor Industry Association (SIA), the semiconductor market size in 2020 accounted for USD 412.3 billion in 2019 and is expected to reach USD 460 billion in 2021.
  • Various vendors offer network analyzers for the precisive manufacturer, such as semiconductors and mobile devices, to reduce their cost of testing. For instance, National Instrument offers a PXI Vector Network Analyzer that reduces tests' cost through fast, automated measurements. Its PXI Express module integrates advanced VNA measurement capabilities to complete PXI-based test systems incorporating precision DC, high-speed analog and digital measurements, among others.
  • Further, a huge expansion has been noticed in the various end-users that are the prominent adopters of network analyzers. In recent years, electronic technologies in modern vehicles have achieved considerable growth both in quantity and complexity. As a result, the need for designing the in-vehicle networking to control electronic technologies is felt. Further, in the utility and energy sector, providers rely on wireless and fiber optic technologies, which helps them operate more efficiently by improving their operations and creating a safe environment. Thus, fiber optic and wireless technology need proper testing and measurement to ensure the appropriate result, thereby driving the network analyzer market.
  • However, the network analyzer market is impacted by the ongoing COVID-19 pandemic, with respect to its adoption in various industries. Some industries, such as the telecommunications industry, witnessed an increase in demand for the adoption of network analyzers during the crisis, while several industries, such as automotive, aerospace, and defense are expected to witness a slowdown in demand due to a decrease in the production and manufacturing processes in these industries.
  • Also, the increase in the number of Covid-19 testing across the globe has led to an increase in the adoption of testing devices and kits across medical institutions. For instance, Roche began shipping the first allotment of its Cobas SARS-CoV-2 Test for COVID-19 to a network of hospital and reference laboratories, in March 2020, across the United States to enable automated high-volume patient testing. The trends are expected to increase the demand for network analyzers during the crisis.

Network Analyzer Industry Segmentation

A network analyzer is an instrument that measures the network parameters of electric networks. Network analyzers commonly measure S-parameters because reflection and transmission of electrical networks are easy to measure at high frequencies, but there are other network parameter sets such as Y-parameters, Z-parameters, and H-parameters. The market is segmented by different types of applications, such as Communication, Aerospace, and Defense, Automotive, Electronics, among others across varied geographies.

Application
Communication
Aerospace and Defense
Automotive
Electronics
Other Applications
Geography
North America
Europe
Asia-Pacific
Rest of the World
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Network Analyzers Market Size Summary

The network analyzer market is poised for steady growth over the forecast period, driven by the transition from 3G to LTE and the rapid development of 5G technology. This shift is largely fueled by the increasing demand for IoT applications that require higher reliability and lower latency. The market is also benefiting from the burgeoning interest in precisive manufacturing, which aims to reduce input costs and enhance profit margins. The semiconductor industry's expansion further supports this trend, as network analyzers play a crucial role in testing and measuring technologies used in semiconductors and mobile devices. Additionally, the automotive sector's integration of advanced technologies such as AI, machine learning, and IoT is driving the demand for network analyzers, as these vehicles require extensive data communication and testing capabilities.

In Europe, the network analyzer market is experiencing robust growth due to economic expansion, industrialization, and technological advancements. The increasing adoption of 4G and 5G technologies, along with the rise of IoT-enabled devices, is propelling market growth in the region. The automotive industry in Europe is also contributing to this growth, with sophisticated in-vehicle communication networks necessitating advanced testing solutions. The market is characterized by intense competition, with major players like Tektronix Inc., Rohde & Schwarz, and Keysight Technologies Inc. leading the charge in innovation and product development. Recent advancements, such as Keysight's Radio Frequency Automation Toolset and Anritsu's modular vector network analyzers, highlight the ongoing efforts to meet the evolving demands of the market.

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Network Analyzers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Technology Snapshot

    5. 1.5 Introduction to Market Drivers and Restraints

    6. 1.6 Assessment of Impact of COVID-19 on the Industry

    7. 1.7 Market Drivers

      1. 1.7.1 Growing Interest In Precisive Manufacturing

      2. 1.7.2 Expansion of End-user Industries

    8. 1.8 Market Restraints

      1. 1.8.1 Lack of Skilled Labor

      2. 1.8.2 Reluctance to Newer Technology

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Communication

      2. 2.1.2 Aerospace and Defense

      3. 2.1.3 Automotive

      4. 2.1.4 Electronics

      5. 2.1.5 Other Applications

    2. 2.2 Geography

      1. 2.2.1 North America

      2. 2.2.2 Europe

      3. 2.2.3 Asia-Pacific

      4. 2.2.4 Rest of the World

Network Analyzers Market Size FAQs

The Network Analyzers Market size is expected to reach USD 563.77 million in 2024 and grow at a CAGR of 4.5% to reach USD 702.55 million by 2029.

In 2024, the Network Analyzers Market size is expected to reach USD 563.77 million.

Network Analyzer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)