Global RF Test Equipment Market Research Report - Forecast till 2025
The global RF test equipment market is evaluated to witness a substantial expansion in the time of the study. RF equipment is a small device used to receive and send data utilizing radio frequency between two devices. The market of RF test equipment is expected to witness immense growth because of the increasing requirement for fast internet connections and wireless connectivity, combined with the rapid growth of the telecommunication sector in developing regions. In terms of value, the Global RF Test Equipment Market is accounted for to reach 6.21 % CAGR during the study period, as per the MRFR analysis.
Rising consumption and application of RF and in-building communication technology among different sectors like automotive, medical, and consumer electronics are the key factors responsible to expand RF test equipment market in the Asia Pacific region. Additionally, the regional market growth is propelled by the rising emerging enterprise sector including small and medium-sized enterprises in the region. In 2018, the second-largest market contributor is North America as per the analysis. Expansion in the handing of smartphones, smart home appliances, consumer electronic products, vehicles, and trending defense products are expected to drive the market for RF test equipment in North America. Moreover, the rapid adoption of new technology in this region along with a growing focus on IoT and communication technologies led to market expansion in the forecast period.
The global market for RF test equipment is categorized into connectivity, form factor, frequency, and end-user.
The global RF test equipment market is sub-segmented into the oscilloscope, signal generators, spectrum analyzers, network analyzers, and others by connectivity segment. The global RF test equipment market is further segmented into bench-top, portable, and modular-based on form factor.
Based on the frequency the market is divided segmented into less than 1 GHz, between 1GHz to 6 GHz, and more than 6 GHz. By the end-user type, the global RF test equipment market is segmented into IT & telecommunications, automotive, consumer electronics, aerospace & defense, academic & research institutions, medical, industrial, and others.
Region-specific analysis of the global RF test equipment market is divided as North America, Europe, Asia-Pacific (APAC), Middle East and Africa, and South & Central America.
Along with Asia- Pacific and North America, Europe is estimated to witness incredible growth in the RF check equipment market, because of increasing innovation in aerospace and defense technologies and the increasing use of RF systems in manufacturing industries. Additionally, Adoption of IoT, wireless networking, and the improvement of 5G network generation has brought on the implementation of RF take a look at the device in industries including IT & Telecommunications, automotive, and healthcare.
The Key Competitors of the Global RF Test Equipment Market are Keysight Technologies, Inc. (US), Teledyne Technologies Incorporated (US), National Instruments (NI) (US), Yokogawa Electric Corporation (Japan), Siemens (Germany), Giga-Tronics Incorporated (US), Cobham PLC (UK), VIAVI Solutions Inc. (US), Fortive (US), and Chroma ATE Inc. (Taiwan), EXFO Inc. (Canada), Anritsu Corporation (Japan), ROHDE&SCHWARZ (Germany), Atlantic Microwave Ltd (UK), B&K Precision Corporation (US).
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