NETWORK ANALYZERS MARKET ANALYSIS

Market Challenges And Opportunities

Increasing popularity of precisive manufacturing is expected to fuel growth of the global network analyzers market over the forecast period. Several components used specifically in telecommunication, electronics, aerospace & defense, semiconductor among several other end-user industries are increasingly being miniaturized due to which the demand for precisive manufacturing is increasing around the world. To manufacture these components, high level of accuracy and precision is required. And thus, the use of network analyzers has increased for testing, measuring, and calibrating these precisive manufacture components. Thus, the increase in interest in precisive manufacturing is likely to boost growth of the global network analyzers market.

Moreover, rise in expansion of end-user industries is projected to drive growth of the global network analyzers market over the forecast period. Due to rise in technological developments such as growing adoption of wireless communication, connectivity platform 4G, 5G, and LTE etc. is leading to growing expansion of the end-user industries such as communication, aerospace & defense, and automotive among several others. Moreover, rise in adoption of IoT also plays an important role in increasing expansion of these end-user industries. Thus, due to aforementioned factors the market is expected to witness strong growth in the near future.

Increasing investment by automotive players in connected car technology is likely to create growth opportunities for the global network analyzers market during the forecast period. Due to increasing complexity of the ecosystem, growing number of automotive manufacturers are focused on investment in connected car technology. According to TIM, in 2025, the number of connected cars will reach nearly 100 million, and thus, several market players are involved in development of more efficient data receiving and sending solutions for larger amount of data to and from the cloud. This is further likely to create multiple lucrative opportunities for the market.

Furthermore, increasing number of autonomous vehicles/cars is likely to create a lucrative environment for growth opportunities in the global network analyzers market over the forecast period. The adoption of sensors is likely to increase due to growing number of autonomous vehicles. These sensors help ascertaining the data about surroundings of the vehicle. Moreover, modern vehicles contain more than 100 control units that create a large amount of information. Such autonomous and connected vehicles perform cost exchange of data, and this further boosts the demand for network analyzers in the industry.

Global Network Analyzers Market Restraints:

Factors such as dearth of trained and skilled manpower is expected to obstruct growth of the global network analyzers market over the forecast period. The demand for trained and skilled labor in the market is high; however, there is a lack of such workforce, as network analyzing has to be performed by skilled professionals that underwent detailed training for the product in presence of subject-matter experts in order to gain several skills and techniques involved in data analyzing. Thus, shortage of such skilled workforce is likely to restrain the market growth in the forecast future.

Furthermore, unfavorable conditions arising due to the epidemic of Covid-19 is also projected to hinder growth of the global network analyzers market over the forecast period. The Covid-19 outbreak in December 2019 impacted several industries around the world. The demand for network analyzers was also impacted by the pandemic in industries such as aerospace and defense, and automotive, due to the lockdown situations. The declined demand of network analyzers in such end-user industries is likely to affect the market negatively.