Market Research

Protocol analyzer market size forecast to reach $1.08 billion by 2025

Jul 20, 2020 6:00 PM ET

iCrowd Newswire – Jul 20, 2020

Protocol analyzer market size is forecast to reach $1.08 billion by 2025, growing at CAGR 2.6% during 2020-2025 owing to the acceleration in the development of network infrastructure equipment and customer premise equipment for the upcoming 5G. Apart from this the growing development in the field of V2X and M2X communication is also set to assist the protocol analyzer market growth during the forecast period

End User – Segment Analysis

The global protocol analyzer is segmented to various end user vertical including manufacturing, aerospace and defense, automotive, telecom & broadcasting and others. Telecom and broadcasting acquired the major share of around 40% of the global protocol analyzer market in 2019 owing to the wide scale use of these products for testing customer premise equipment as well as network infrastructure equipment. However, automotive protocol analyzer market is estimated to witness the highest growth of CGAR 4.5% during 2020-2025 owing to the growing penetration of connected cars which feature various types of V2X communication systems. The emphasis towards development of high speed V2X data transceiver system is being achieved through new protocols in which different types of communication protocol system including Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Driver (V2D), Vehicle-to-Cloud (V2C) and so on need to share data among each systems through cellular, Wi-Fi, DSRC and other types of communication technologies. This is driving the adoption of packet analyzers and bus analyzers among other protocol analayzers, as the tier 1 suppliers of the advanced V2X communication systems are opting for the advanced analyzer for developing new products

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Geography – Segment Analysis

North America acquired the major market share of around 46% of the global protocol analyzer market in 2019 owing to the broad presence and high adoption rate of advanced technology across all the industry verticals. APAC protocol analyzer market is estimated to witness the highest growth rate during 2020-2025, owing to the growing investment in automotive and manufacturing sector for development of new products within this region featuring new generation high speed M2X communication. Apart from this, the aggressive development of 5G customer premise equipment as well as infrastructure equipment is also set to buoy the protocol analyzer market growth during 2020-2025

Drivers – Protocol analyzer Market

  • Growing Penetration for the Industry4.0

The ongoing wave of Industry4.0, the cyber physical system which incorporates both information and operational technology is resulting to surge in the demand for new high speed data transmission protocols for M2X communication. Owing to this, the product development in this space is witnessing significant acceleration. Products with new and advanced protocols for data transmission are being tested to reduce the latency, this is set to drive the demand of protocol analyzer market during 2020-2025

Challenges – Protocol analyzer Market

  • Growing Complexity and Increasing number Protocols to challenge the market growth

The rapid increase in the number of protocols with growing complexity is set to poise a challenge to the protocol analyzer market growth as the products currently available are not suited for dealing with such complex protocols. Apart from this, the OEMs with high end protocol analyzers which can be used for highly complex protocol analysis price their products very high. The high cost of those products impede the adoption of these products especially by SMEs. This is set to hinder the protocol analyzer market growth during 2020-2025

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Market Landscape

Protocol analyzer top 10 companies operating in the market includes Teledyne LeCroy, Keysight Technologies, Rohde & Schwarz, Viavi Solutions, AWT Global (AceWavetech), Utel Systems, Tektronix, Utel System, Anritsu Corporation, GL Communications, Inc. and so on. The protocol analyzer market is analyzed to be consolidated with the top 5 players acquiring majority of the market. The significant presence of the major players with financial muscle and high entry barrier has been analyzed to exist in the market

Product Launches

  • In October 2019,  Teledyne LeCroy, launched Frontline X240 Wireless Wideband Analyzer capable of covering wireless technologies including Bluetooth Low Energy, Bluetooth Classis (BR/EDR), 802.15.4 and 802.11
  • In August 2019, Teledyne LeCroy launched Sierra M648 protocol analysis and traffic impairment system which is suitable for 4 level Pulse Amplitude Modulation (PAM4) 50G Ethernet and 64G fiber channel interconnections
  • In May 2018, Ellisys launched Bluetooth Vanguard™, the most advanced Bluetooth analysis solution which supports analysis of several discrete and coexisting Bluetooth WPAN and Wifi channels

Key Takeaways- Protocol analyzer Industry Outlook

  • Telecom & Broadcasting held the major share of the market in 2019, Automotive protocol analyzer market to witness the highest growth during 2020-2025
  • North America dominated the global protocol analyzer market in 2019 and APAC to growth at the highest CAGR from 2020 to 2025
  • Growing penetration of Industry4.0 to drive the protocol analyzer market with the influx of new products featuring advanced protocols for high speed M2X communications

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