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Network Analyzers Market Size

Report ID: GMI11925
Published Date: Oct 2024
Report Format: PDF

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Network Analyzers Market Size

The global network analyzers market was valued at USD 555 million in 2023 and is estimated to grow at a CAGR of 5.6% from 2024 to 2032.

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The demand for network analyzers is supported by the high growth in wireless communication standards such as Wi-Fi 6, Wi-Fi 7, and Bluetooth 5.0. These analyzers are pivotal in testing, verifying, and troubleshooting emerging devices and infrastructures. With businesses and consumers swiftly adopting these advanced communication technologies, the market expands accordingly.

Network Analyzers Market Report Attributes
Report Attribute	Details
Base Year:	2023
Network Analyzers Market Size in 2023:	USD 555 Million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	5.6%
2024 – 2032 Value Projection:	USD 895.7 Million
Historical Data for:	2021–2023
No. of Pages:	180
Tables, Charts & Figures:	260
Segments covered:	Type, Frequency Range, Port Configuration, Technology, Application, End-user
Growth Drivers:	Advancement in wireless communication standards Increasing demand for 5G infrastructure Growth in IoT devices and connected systems Increased focus on network security and cybersecurity
Pitfalls & Challenges:	High initial cost of equipment Complexity of use and skill requirements

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For instance, in September 2024, Keysight Technologies, Inc. expanded its PNA-X Vector Network Analyzer portfolio with the new NA520xA PNA-X, a highly configurable vector network analyzer (VNA) featuring four radio frequency (RF) signal sources, two internal combiners, and two low-noise receivers in a single instrument that accelerates component characterization.

As 5G networks roll out worldwide, the demand for accurate and dependable network analyzers intensifies. These analyzers are crucial for testing and validating the intricate 5G infrastructure, which employs advanced technologies like millimeter-wave frequencies, beamforming, and Massive MIMO (Multiple Input, Multiple Output). Consequently, the 5G expansion propels a heightened demand for network analyzers, ensuring optimal signal quality and rapid connectivity.

Authors: Suraj Gujar , Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for network analyzers was valued at USD 555 million in 2023 and is expected to reach USD 895.7 million by 2032, driven by a CAGR of 5.6% from 2024 to 2032.

The network analyzers industry from network verification and maintenance segment is expected to grow at a CAGR of 6% during the forecast period from 2024 to 2032.

The U.S. accounted for a 71.4% share of the North America market in 2023, driven by the nationwide rollout of 5G networks.

Major players in the industry include Advantest Corporation, Anritsu Corporation, B&K Precision Corporation, Boonton Electronics, and Copper Mountain Technologies.