Network analysers, devices used to evaluate electrical network properties, are set to increase in demand over the coming decade. Fact.MR, a prestigious market research and competitive intelligence provider, projects the global network analyser market to amass a sizable value of USD $800 million by 2033. This signifies a compound annual growth rate (CAGR) of 4.8% from 2023 to 2033.
A surge in demand for vector network analysers, a type of equipment allowing the measurement of the frequency response of multi-component networks, is driving the market forward. This is a notable category among network analysers, which can also be scalar or have large signal variants. Vector network analysers are particularly prevalent in the electronics industry, a sector experiencing an upturn due to the climbing popularity of wireless devices.
With the continually rising number of smartphone users and widespread use of vector network analysers in RF design applications, favourable conditions for significant market expansion have been established. As stated by a Fact.MR analyst, the "Rising demand for network analysers that can operate on many frequencies and growth in the demand for test and measurement equipment is expected to fuel the market." The rapid improvement of wireless technologies is also noted as a significant contributor to projected market growth.
A recent trend surfacing in other industrial sectors, such as the automotive industry, is compounding the need for and demand for network analysers. With modern vehicles having an increasing abundance of electronic technologies necessitating enhanced in-vehicle networking systems, new opportunities for the network analysers market have arisen.
Utility and energy providers similarly augment the demand for network analysers as they adapt wireless and fibre optic technologies to boost operational efficiency and enforce safer environments. Ensuring that fibre optic and wireless technologies operate as intended requires comprehensive testing and measurement, a task well-suited for network analysers.
The network analysers market, valued at USD $500 million in 2023, exhibits significant growth potential, particularly in North America, where it is expected to lead the global market. This is largely due to the increased demand for vector network analysers in the automotive and electronics industries, particularly in the United States.
Noteworthy examples of recent technological advancements in network analysers include Anritsu Corporation's late 2020 release of the ShockLine ME7868A series of modular 2-port vector network analysers and Schwarz and Rhode's early 2020 release of a free handheld vector analysers featuring a broad frequency range and comprehensive S-parameter measurements.
A variety of players dominate the network analysers market. Strategies such as partnerships, investments, acquisitions, research and development activities, and new developments are being pursued to expand presence and market share in the burgeoning market. Widespread applications, including communications, aerospace and military/defence, electronics and automotive industries, indicate this technological growth shows no sign of slowing.