Huatai Securities' research report highlights that the ongoing expansion of AI computing power is propelling the rapid advancement of high-speed interconnection technologies, thereby creating significant growth prospects for Vector Network Analyzers (VNAs). With data center networks transitioning to 800G and 1.6T speeds, there is a growing emphasis on signal integrity and yield management in high-speed connectors, cables, and premium PCBs. This shift is set to drive an uptick in demand for VNA testing solutions. Simultaneously, as testing methodologies progress towards higher frequencies, increased port counts, and enhanced automation, both the sales volume and pricing of VNA products are anticipated to rise. Huatai Securities remains bullish on the growth prospects of domestic manufacturers, who are capitalizing on their established expertise in RF and microwave technology, along with continuous product enhancements, to meet the expanding downstream demand and capitalize on import substitution opportunities.
