Much-Anticipated Advent of Fifth Generation Mobile Networks or 5G to Create a Significant Impact on the Global Network Analyzers Market Through 2020, Reports Technavio
Global network analyzers market by telecom sector
Network analyzers are used for measuring the amplitude and phase difference in GSM, GPRS, EDGE, Wideband CDMA, UMTS, HSDPA, CDMA2000 and other telecommunications. With the growth in the telecom sector, many new technologies are being introduced to address the needs of the market. The increasing adoption of smart devices has resulted in growth in the network analyzers market globally.
The telecommunication industry has witnessed drastic changes in the past decade. The industry experienced a surge in smartphone usage while on the other hand mobile devices have also become the leading computing platform. To cater to the increasing demand, operators have been diversifying their product offerings with increased investments in faster network capabilities. Cross-selling has become a common trend to expand the customer base.
Gaurav Mohindru, a lead analyst at Technavio, specializing in research on test and measurement, says, “A forthcoming change that will have a substantial impact on the telecommunications sector is the much-anticipated advent of fifth generation mobile networks or 5G. While the technology is still a few years away from achieving mass market acceptance, what it promises in terms of more speed, greater efficiency, and less latency will be important to support connected things in the future, particularly self-driving cars.”
Global network analyzers market by manufacturing sector
“The manufacturing sector contributes significantly to the market for network analyzers. Manufacturers plan to make significant and often fundamental changes to their business to drive future growth,” says Gaurav.
Manufacturing continues to be a key force in advanced as well as developing economies. But the sector has changed significantly, bringing new challenges and opportunities to policy makers and business leaders. Globally, manufacturing continues to grow. It now accounts for around 14% of employment and 16% of global GDP. But the manufacturing sector’s relative size in a country changes according to the stage of economic development.
Technavio researchers expect that by 2025, a new consuming class would emerge globally with developing economies accounting for the majority of the consumption. This will give way to new market opportunities.
Global network analyzers market by electronics sector
The electronics manufacturing sector happens to be a prominent end-user of network analyzers. Electronics manufacturing comprises electronics manufacturing services (EMS) and original design manufacturing (ODM) companies. The EMS market was valued at USD 270 billion in 2015 and is forecast to grow to USD 342 billion by 2020. The growth in this sector establishes the need for network analyzers thus, augmenting the market. Innovations in technology have resulted in growing adoption of electronic devices, owing to which the safety standards of electronic equipment are being enhanced. Devices such as TVs, cellphones, and other portable electronic gadgets that emit and receive radio waves are commonplace in households. These devices are required to pass multiple quality control checks before they receive market approval.
Global network analyzers market by others
The others market segment comprises the automotive, military, and medical sectors. Network analysis forms an important step in military radar systems. Nowadays, electronic warfare is gaining importance to maintain peace and ensure security in a country.
The global military radar market is projected to witness substantial growth during the forecast period due to the growing need for state-of-the-art security services. Advances in technology have aided in overcoming many challenges such as aging technology and traditional warfare equipment. The growing number of lightweight radars, as well as navigation radars, which are used by unmanned aerial vehicles (UAVs), are the key drivers impacting military radar market growth. Such military radar systems are projected to account for a significant share of the entire defense sector during the forecast period.
The top vendors highlighted by Technavio’s heavy industry research analysts in this report are:
- Keysight Technologies
- Rohde & Schwarz
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.