RF Test Equipment Market Major Players and Forecast 2023
With a CAGR of 4.92 % to 2023, the RF Test Equipment Market is anticipated to grow from USD 2.41 billion in 2017 to USD 3.21 billion by 2023. Modular RF Test Equipment to grow at the highest rate during the forecast period The forecast period is expected to have the greatest CAGR on the market for modular RF test equipment. This is explained by features like its high-precision performance and capacity for real-time management and analysis of massive datasets. Additionally, modular devices have the capacity to organise and instantly evaluate big datasets. One of the main factors contributing to its quicker growth is the fact that OEMs were able to provide cost-effective equipment and high-performing modular system components thanks to National Instruments' (US) introduction of the PXI (PCI extensions for instrumentation) standard as an extension of Compact PCI. RF Test Equipment with a frequency range of 1 GHz to 6 GHz hold the largest share during the forecast period Many piece