With the emergence and long-term Impact of COVID-19, the Global Radio Frequency Test Equipment Market is to reach USD 4.35 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Radio Frequency Test Equipment Market is poised to raise up to USD 4.35 Billion by 2030. Radio Frequency (RF) test equipment is set of instruments and devices that are majorly used to monitor and analyze radio frequency signals. These devices are required for the design, production, and maintenance of RF-based electronic systems, such as radar, satellite, and wireless networks, as well as communication devices. RF test equipment is essential to ensure these system’s effectiveness, adhere to laws, and meet performance requirements.
The increase in adoption of wireless systems in commercial and residential buildings, surging number of smartphone subscriptions, and surging number of IoT-connected devices are the key factors that are primarily bolstering the market demand across the globe. In addition, the surge in penetration of 5G-compatible devices is exhibiting a positive influence on the demand for RF test equipment because of their increased complexity, higher frequencies, and denser deployment of network components in the 5G infrastructure. 5G operates at higher frequencies compared to previous wireless technologies such as 4G and 3G networks. The performance of millimeter-wave components is verified by RF test solutions operating at these frequencies.
According to the 5G Americas- an industry trade organization report of 2023, approximately 1.9 billion of 5G connections were recorded, which is projected to rise and is likely to reach 5.9 billion 5G connections by 2027. Thereby, the continuous expansion of wireless network infrastructure, especially 5G, requires extensive testing of RF components to ensure network coverage, reliability, and capacity, which is augmenting the market growth during the estimated period.
Moreover, the growing adoption of RF testing instruments in automotive applications, as well as the rising number of space programs globally and advancements in the aerospace industry present various lucrative opportunities over the forecast years. However, the extended longevity of communication systems and the several complexities associated related to antenna arrays are challenging the market growth throughout the forecasted period of 2023-2030.
Geographically, the global Radio Frequency Test Equipment Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the high demand for RF test equipment across the telecommunication and consumer electronics sector. The presence of several instrument and testing tools manufacturers, along with the rising use of smartphones conforming to the novel wireless standards are anticipated to boost the market growth across the region.
Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasted years because 5G technology has been effectively implemented and adopted in the region. 5G technology service providers are rapidly upgrading their testing infrastructure, such as RF testing units, to meet the demands of 5G technology. For instance, in July 2022, Rohde & Schwarz released a full 5G over-the-air test package to test mmWave and Huge MIMO antennas. Also, various regional government organizations have implemented several initiatives to control and enhance the usage of RF testing equipment to ensure network security, which is further propelling the market demand across the region.
The global Radio Frequency Test Equipment Market is highly competitive owing to the presence of several key manufacturers such as Anritsu Corporation (Japan), Rohde & Schwarz (Germany), Yokogawa Electric Corporation (Japan), VIAVI Solutions Inc. (U.S.), Teledyne Technologies Incorporated (U.S.), National Instruments Corporation (U.S.), and others.
For further analysis on this or to request a sample copy of this report, please click the link mentioned below:
Key findings of the study suggest:
- Global Radio Frequency Test Equipment Market is anticipated to grow with a healthy growth rate of more than 10.0% over the forecast period 2023-2030.
- In the Type segment, Spectrum Analyzer emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising government initiatives to control and enhance the usage of RF testing equipment.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Type:
- Oscilloscope
- Spectrum Analyzer
- Signal Generator
- Network Analyzer
- Others
By Form Factor:
- Rackmount
- Bench-top
- Portable
- Modular
By End-User:
- Healthcare
- Manufacturing
- IT & Telecommunication
- Consumer Electronics
- Automotive
- Aerospace & Defense
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com
About Us
Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
Contact US
Global Business Development
Phone : +1 209 498-3066
Email: Sales@bizwitresearch.com
Website: www.bizwitresearch.com
