RF Test Equipment Market Opportunities, Emerging Trends, Size, Share and Forecast 2023

Market Overview

The global RF test equipment market is touted to touch a valuation of USD 2.83 billion at a CAGR of 5% from 2017 to 2023 (forecast period) as per the latest report by Market Research Future (MRFR). The penetration of various wireless technologies for communication is the primary driver of the market. Increasing popularity of internet of things (IoT) enabled devices is likely to fuel market demand significantly over the forecast period.

Adoption of smartphones has elicited the need for fast network speeds. Telecommunication providers are investing in radiofrequency (RF) test equipment to discern the capacity of wireless technologies. The shift towards enhancing customer service amid the rapid exchange of data is likely to bode well for the market. Establishment of data centers to handle the massive volume and data traffic can positively impact the RF Test Equipment Market till 2023.

A consortium comprising prominent players such as National Instruments, IBM, Intel, and others has been established in January 2019 to form certain standards pertaining to edge computing. With data-driven processes about to grow exponentially, IoT enterprises, smart manufacturing, and operators can benefit from this move tremendously and change their strategy accordingly to gain a larger clientele. This can augur well for the RF test equipment market.

Policies imposing restrictions on certain bandwidths and RF-emitting frequencies can pose a challenge to the market.

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Key Players:

Some of the key players of RF test equipment market include Anritsu (Japan), Fortive (U.S.), Keysight (U.S.), Avnet Silica (Belgium), Teledyne Technologies (U.S.), Cobham (U.K), EXFO (U.S.), AtlanTecRF (U.K),National Instruments (U.S.), Rohde & Schwarz (Germany), Teradyne (U.S.), Giga-tronics (U.S.), Chroma (Taiwan), Good Will Instruments (Taiwan), B&K Precision (U.S.), and Yokogawa Electric (Japan).

Segmentation Analysis

The RF test equipment market is segmented by type, form factor, frequency, and end-user.

By type, the market is segmented into network analyzers, spectrum analyzers, signal generators, oscilloscopes, and others. The oscilloscopes segment is expected to maintain a large share of the RF test equipment market till 2023 thanks to the installation of robust infrastructure and supporting networking technologies. Network analyzers can also carve out a significant portion of the market owing to its ability to detect lower frequencies

By form factor, the market is segmented into portable, modular, and bench-top. Among these, the modular segment is predicted to exhibit a robust CAGR over the forecast period owing to analysis and management of huge datasets in real-time. Introduction of new standards by instrumentation-specializing companies which assist original equipment manufacturers to produce modular equipment is likely to augur well for the segment till 2023.

By frequency, it comprises less than 1 GHz, between 1 GHz to 6 GHz, and more than 6 GHz. The ‘between 1 GHz to 6 GHz’ segment is likely to drive the massive demand for the RF test equipment market owing to the emergence of industrial IoT applications.

End-users in the RF test equipment market include aerospace & defense, industrial, IT & telecommunications, consumer electronics, automotive, medical, academic & research institutions, and others. The consumer electronics segment accounted for a major market revenue share in 2017. Increased spending patterns of consumers on portable devices and tablets is likely to boost the segment growth till 2023.

Regional Analysis

The Asia Pacific region is expected to be highly lucrative for the RF test equipment market till 2023. This can be credited to huge demand for consumer electronics coupled with disposable income levels in China, Japan, and India. Favorable regulations in the region combined with continuous advances of next-generation communication standards can bolster market demand.

The North America region is projected to contribute massively to the global market owing to the presence of various instrumentation and testing tools manufacturers. The high adoption rates of latest smartphones conforming to the latest wireless standards are expected to bode well for the region. In addition, demand from telecommunication and consumer electronics companies can fuel market demand. High data traffic witnessed in region and penetration of modular instruments are likely to augur well for the region.

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TABLE OF CONTENTS

LIST OF FIGURES

FIGURE 1 Global RF Test Equipment Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global RF Test Equipment Market

FIGURE 4 Value Chain Of Global RF Test Equipment Market

FIGURE 5 Share Of Global RF Test Equipment Market In 2017, By Country (In %)

FIGURE 6 Global RF Test Equipment Market, 2017-2023,

FIGURE 7 Sub-Segments Of Type

FIGURE 8 Global RF Test Equipment Market Size By Type, 2017

FIGURE 8 Share Of Global RF Test Equipment Market By Type, 2017 TO 2023

FIGURE 9 Global RF Test Equipment Market Size By Product, 2017

FIGURE 10 Share Of Global RF Test Equipment Market By Product, 2017 TO 2023

FIGURE 11 Global RF Test Equipment Market Size By Industry, 2017

FIGURE 12 Share Of Global RF Test Equipment Market By Industry, 2017 TO 2023

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Ma