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 pieces of RF equipment use the 2.4 GHz frequency and adhere to the IEEE802.11b/g/n wireless standards. Wi-Fi technology-based RF equipment that complies with IEEE802.11a wireless standards and operates in the frequency range of 5 GHz to 6 GHz is in great demand as a result of the increased demand for seamless connectivity at faster data rates. Therefore, the majority of industrial IoT-related applications employ RF test equipment with a frequency range of 1 GHz to 6 GHz. The market for RF test equipment with a frequency range of 1 GHz to 6 GHz is expanding as a result of these considerations.
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RF Test Equipment in APAC to grow at the highest rate during the forecast period
From 2017 to 2023, the RF Test Equipment market is anticipated to develop at the quickest rate in APAC. APAC is home to many OEMs as well as producers of semiconductor products and devices. The rising popularity of smartphones and ongoing developments in 4G, 5G, and other next-generation telecommunications protocols are credited with driving up demand for RF test equipment. The reasons that heighten the interest of foreign firms in Asia Pacific are also advantageous regulatory rules for the approval of innovative semiconductor technology and the saturation of the market in developed countries.
The report profiles the most promising players in the RF Test Equipment. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in this industry are Anritsu (Japan), Fortive (US), Keysight Technologies (US), National Instruments (US), and Rohde & Schwarz (Germany), Teradyne (US), Yokogawa Electric (Japan), Teledyne Technologies (US), Cobham (UK), EXFO (US), Giga-tronics (US), Chroma ATE (Taiwan), Good Will Instruments (Taiwan), and B&K Precision (US).
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RF Test Equipment Market – OverviewThe need to broaden the range of electromagnetic spectrum related to radio waves is expected to drive the RF test equipment market.
Reports that examine the semiconductors and electronics industry have been offered by Market Research Future, which creates reports on industry verticals that review the market development and outlook.
The growth in the market is expected to bring in revenues worth USD 2.83 billion by 2023 while mounting at a 5% CAGR in the forecast period.The use of spectrum analyzers in commercial uses such as consumer electronics, IT & telecommunications and automotive are expected to transform the market’s growth in the forecast period.
The implementation of a wireless network for an in-built communication system is expected to further reinforce the growth of the RF Test Equipment Market in the upcoming period.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 Precision (U.S.), and Yokogawa Electric (Japan).Get More Details of Report @ https://www.marketwatch.com/press-release/rf-test-equipment-market-2020-global-overview-industry-size-share-development-strategy-segmentation-competitive-landscape-and-opportunity-assessment-by-2025-2020-08-06Competitive AnalysisThe optimistic synchronization achieved in the factors that encourage market growth has increased substantially.
The upgrades seen in the raw materials utilized by the market are expected to motivate market progress in the coming years.
The recalibration of the supply chains to incorporate leanness and efficiency is expected to intensify consumer satisfaction further adding to the future expansion in the market.
