RF Test Equipment - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Radio Frequency (RF) Test Equipment Market is accounted for $2.63 billion in 2018 and is expected to reach $4.59 billion by 2027 growing at a CAGR of 6.4% during the forecast period. Some of the key factors propelling the market growth include increasing adoption of wireless networking in in-building communication systems, rising focus on developing 5G network-based devices, and growing deployment of IoT technology-based devices for various applications. However, RF design, flexibility and size issues of the equipment are restraining the market growth.
Radio Frequency (RF) has suitable use in telecommunication due to its wide range of frequency range. Radiofrequency (RF) test equipment is used to compute signals at a higher frequency range than that supported by any other general test equipment. Along with standard measurement functionality, they also have specialized functions to determine the characteristics of an RF signal (radio waves transmitted within the frequency range of 3 hertz to 300 megahertz). Various types of RF testing equipment are RF analyzers, RF filters, RF amplifiers and so on. There are many network analyzers based on this technology.
By form factor, the modular RF test equipment is expected to have significant growth during the forecast period, due to its characteristics such as the ability to manage and analyze large datasets in real time and high-precision performance. Also, modular instruments have the ability to manage and analyze large datasets in real time. The introduction of the PXI (PCI extensions for instrumentation) standard as an extension of Compact PCI by National Instruments (US) helped OEMs to provide cost-efficient equipment and well-performing modular system components, which are among the prime reasons for its faster growth.
On the basis of geography, Asia Pacific (APAC) is expected to have considerable market growth during the forecast period due to the rising number of smartphones, continuous advancements in next-generation telecommunication standards, such as LTE, 4G, and upcoming projects on 5G, and presence of manufactures & R&D centers in the region. A number of OEMs as well as semiconductor device and product manufacturers are situated in APAC. Moreover, favourable regulatory policies for the approval of new semiconductor technologies and the saturation of the market in developed countries in Asia Pacific.
Some of the key players in radio frequency (RF) test equipment market include National Instruments, Cobham, EXFO, Teledyne Technologies, Good Will Instruments, B&K Precision, Keysight Technologies, Fortive, Rohde & Schwarz, Teradyne, Viavi Solutions, Giga-Tronics, Yokogawa Electric, Chroma ATE, Anritsu, Prisma Telecom Testing, Infinite Electronics, Freedom Communication Technologies, Saluki Technology, and Agilent Technologies.
Form Factors Covered:
• Rental GP
• Modular GP Instrumentation
• Semiconductor ATE
• Traditional GP Instrumentation
• Spectrum Analyzers
• Vector Network Analyzer (VNA)
• Signal Generators
• Power Sensors
• Power Meters
• Digital Multimeters
• Other Types
• More than 6 GHz
• 1 GHz to 6 GHz
• Less than 1 GHz
• Research & Education
• IT and Telecommunications
• Consumer Electronics
• Aerospace & Defense
• Oil & Natural Gas
• RF Synthesizers
• RF Detectors
• RF Analyzers
• RF Amplifiers
• RF Oscillators
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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