The Global RF Test Equipment Market size was worth UD$ 2.4 billion in 2022, and it is estimated to reach a valuation of USD 3.2 billion by the end of 2028, expanding at an annual growth rate of 6.3% between 2023 and 2028.
Radiofrequency (RF) test equipment measures radiofrequency waves emitted by specific devices. Global RF Test Equipment Market growth is primarily experienced by increasing communication applications of RF include cellular, broadband, satellite, radio telecommunication, radar, and navigation.
The implementation of new technological innovations will boost the growth of the Global RF Test Equipment Market. Oscilloscope and modular RF dominate market segmentation and play a vital role in Global RF Test Equipment Market growth. In addition, telecommunication, Aerospace, and Defence have become the booming Global RF Test Equipment Market growth sector. It is anticipated that Asia –Pacific will emerge as the largest market between 2022 and 2027, with a market share of 42.4%.
The traditional RF testing tools are available in many types: RF one-box testers, electronic counters, network analyzers, spectrum analyzers, antenna & cable analyzers, signal generators, and power meters. In the last decade, engineering and technological improvement growth has altered the product demand cycle with 3G and 4G implementation. Now, with the technologies like 5G, RF Testing Equipment manufacturers are focusing more on modern & portable equipment.
REPORT METRIC |
DETAILS |
Market Size Available |
2022 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
CAGR |
6.3% |
Fastest Growing Market |
Asia Pacific RF Test Equipment Market |
Largest Market |
North America RF Test Equipment Market |
Segments Analysed |
By Component, By Application, By Form Factor |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
The driving force of the RF Testing Equipment Market is technological advancement in electronic devices. The adoption of internet connectivity and consumer electronic equipment like smartphones, laptops, tablets, wireless devices, etc., is also fueling the growth of the Global RF Test Equipment Market. Moreover, there is a significant growth in the adoption of smartphones and other modules that increase data traffic because of the high bandwidth consumption used in a wide variety of applications that result in high data traffic. The increasing data traffic drives the Global RF Test Equipment Market in the projected future.
The growing economies, the huge acceptance of LTE and 5G technology, and the innovations related to these technologies are some of the market opportunities that are expected to enhance the growth of the global RF Test Equipment Market. In addition, the development of-demand based technology devices and IoT (Internet of things) are some of the expected drivers to support the growth of the Global RF Test Equipment Market over the forecast period. The adoption of wireless connectivity, developing 5G network devices, and increasing deployment of Internet of things (IoT) in the fields like Telecommunication, Automotive, Aerospace, and Defense, and R&D sectors are the key drivers for the growth of the Global RF Test Equipment Market during 2022-2027.
The longer period of technology change is expected to be one of the key factors restraining the global RF Test Equipment Market growth. If the technological implementation delays, it will also delay the required RF test equipment manufacturing. Therefore, this longer period of technological shift is one of the possible restrain factors in the forecast period, i.e., between 2022 and 2027
Based on Type, the global RF Test Equipment Market is segmented into Oscilloscopes, Signal Generators, Spectrum Analysers, Network Analysers, and Others. Among these, oscilloscopes tend to dominate the Global RF Test Equipment Market in the next six years. This is because oscilloscopes were the most popular instrument. The advancement of technologies needs a powerful infrastructure and other supporting technologies. The transmission power and modulation frequency are the critical parameters to ensure error-free operation. Oscilloscopes are the core equipment because they ensure the quality of real-time. And the PXI Oscilloscopes have a high acceptance rate for any test and measurement system because they can acquire and analyse both time and frequency domain and provide higher accuracy, bandwidth, and signal flexibility.
Based on Application, the Global RF Test Equipment Market is segmented into Telecommunications, Consumer Electronics, Automotive, Aerospace & Defence, Industrial, Medical, and Research & Education. Telecommunication is a dominant segment by the application because of the increasing demand for industrial IoT (Internet of things) and Machine-to-Machine (M2M) communication in this area, which will boost the growth of the Global RF Test Equipment Market. Moreover, the growing acceptance of wireless networking in building communication systems has increased the focus of companies on developing 5G network-based devices. Therefore, the increasing operation of IoT technology-based devices for various applications like Telecommunications, Automotive, Aerospace & Defence, and Consumer Electronics are the primary factors responsible for the Global RF Test Equipment Market’s growth during the forecast period.
Based on the Form Factor, the global RF Test Equipment Market is segmented into Benchtop, Portable, and Modular. RF modular form factor is anticipated to have the largest Global RF Test Equipment Market share during the foreseen period. RF modular is a small electronic device that operates the radio frequency and provides accurate test result in real-time. The Modular RF further propels the Global RF Test Equipment Market forward due to these factors.
The Global RF Test Equipment Market has been categorized in four regions: North America, Europe, Asia-Pacific, and RoW (Rest of the World).
North America contributes to the significant market share in Global RF Test Equipment Market because of the increasing demand for telecommunication and consumer electronic devices. The countries include the United States and Canada are the key drivers in Global RF Test Equipment Market because of the popularity of LTE and LTE-A Technology.
Asia-Pacific region is expected to hold the largest market share of RF testing equipment in the forecast period. They are owing to increasing demand for smartphones and connectivity fuels the Asia –Pacific market growth. In this region, Huawei (China), Samsung (South Korea), Sony (Japan), Renesas(Japan) are some connectivity service providers. In addition, the R&D teams of global companies are working in Indian offices. Because of the manufacturers and Research and Development centers in the Asia-Pacific region, there is a demand for RF testing equipment in APAC, which is likely to increase in the near future.
After the Asia-Pacific region, the global RF Test Equipment Market is anticipated to see enormous growth in Europe because of the increasing adoption of wireless networks, 5G networks, and IoT.
Anritsu Corporation had the largest share of the world’s RF test equipment in terms of sales revenue in 2018.
The Global RF Test Equipment Market has been significantly impacted by the COVID-19 outbreak. New projects have stalled throughout the world, which, in turn, have led to a decline in demand for RF Test Equipment. Due to pandemic, global factories have struggled to assimilate new RF test equipment because workers have stayed at their homes, which disrupted the global supply chains. The impact of COVID-19 on this market is temporary. Once the situation fades away, there is an increase in production, supply chain, and demand for the RF test equipment.
Key Players in the Market:
Major Key Players in the Global RF Test Equipment Market are
Frequently Asked Questions
By 2028, it is predicted that the global RF Test Equipment market can reach a valuation of US$ 3.2 billion.
The Global RF Test Equipment market can expand with a CAGR of 6.3% during the forecast period.
Key Sight Technologies Inc, Rohde & Schwarz GmbH & Co.KG, Siemens, Giga-Tronics Inc, Anritsu Corporation, Viavi Solutions Inc, Cobham PLC, Fortive, Teledyne Technologies Incorporated, Yokogawa Electric Corporation and Others.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region