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 network analyzers market consists of several major players. In terms of market share, few of the players currently dominate the market. This market is being viewed as a lucrative market opportunity, and therefore, the market is attracting investments from various manufacturers who do not have products related to the market. Due to increased competition in the market, players are continuously innovating the product in order to gain product innovation. Key players are Tektronix Inc., Rohde & Schwarz, and others. Recent developments in the market are -
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