Emerging Trends in the RF Test Equipment Market: A Look Ahead


The RF Test Equipment Market is expected to grow from USD 3.5 billion in 2022 to USD 4.6 billion by 2027, at a CAGR of 6.1% over the course of the forecast period, according to the report "RF Test Equipment Market by Type, Frequency Range, Form Factor, End-use Application, and Region - Global Forecast to 2027." The growth is attributed to the expanding use of 5G-compatible devices, rising numbers of IoT-connected devices, and expanding adoption of wireless systems in residential and commercial buildings.

According to type (oscilloscopes, spectrum analyzers, signal generators, and network analyzers), frequency range (more than 6 GHz, 1 to 6 GHz, less than 1 GHz), form factor, end-use application, and geography, the RF test equipment market is divided into different categories. North America, Europe, Asia Pacific, and the Rest of the World are the principal geographic areas addressed in the report.

The key players profiled in the report include Keysight Technologies, Inc. (US), Anritsu Group (Japan), Rohde & Schwarz (Germany), Tektronix, Inc. (US), Teledyne Technologies Incorporated (US), Berkeley Nucleonics Corporation (US), AnaPico (Switzerland), B&K Precision Corporation (US), National Instruments Corporation (US), Boonton Electronics (US), Tabor Electronics Ltd. (Israel).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155812654

Driver: Increasing use of 5G-compatible devices

Worldwide adoption of 5G technology in cellular devices is increasing as more industries integrate the technology in their products. Because of this trend, there is now more need for RF test equipment, which is utilised in research and development labs to create and test 5G network-based devices. Rapid advancements in 5G technology, rising demand for mobile data services, industry adoption of machine-to-machine (M2M) communication technology, and the need for better network coverage are all predicted to contribute to the growth of the RF test equipment market. 

Oscilloscopes to account for the largest share of the RF test equipment market during forecast period

Oscilloscopes are anticipated to hold the biggest market share for RF test equipment over the projection period, primarily as a result of the expanding adoption of high bandwidth modular equipment and the accessibility of a better user interface. Market players in this industry should benefit from growth prospects as a result of the adoption of network-based gadgets for speedier communication as well as the rollout of wireless networks and 5G. With the increased use of modular instruments like oscilloscopes, waveform generators, digital multimeters, power supplies, and switches, the market for modular oscilloscopes has also seen significant expansion in recent years.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/rf-test-equipment-market-155812654.html

RF test equipment with a frequency range of more than 6 GHz to register highest CAGR during forecast period

Due to the rising use of 5G technology-based devices, the market for RF test equipment is experiencing a surge in demand, providing chances for industry participants to introduce cutting-edge products suitable for diverse applications. The largest compound annual growth rate is anticipated for RF test equipment with a frequency range greater than 6 GHz over the projection period (CAGR). Providers of RF test equipment, especially those with equipment with a frequency range of more than 6 GHz, are likely to see significant opportunities as a result of the growing adoption of 5G technology in applications like connected cars and mobile services as well as the rise in 5G mobile subscriptions.

Asia Pacific to register the highest growth in the RF test equipment market during the forecast period

Due to the presence of reputable connectivity solution providers like Huawei (China) and Renesas (Japan) there, Asia Pacific is anticipated to experience the largest growth in the RF test equipment market during the forecast period. Another important reason for the region's leadership in the RF test equipment market is the steadily increasing number of smartphone subscriptions in the area. Likewise, the region's suppliers of RF test equipment are benefiting financially from China's role as a worldwide manufacturing powerhouse for consumer electronics.  

News Covered:

https://www.prnewswire.com/news-releases/rf-test-equipment-market-worth-4-6-billion-by-2027---exclusive-report-by-marketsandmarkets-301695427.html 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more