Market Size of RF Test Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 0.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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RF Test Equipment Market Analysis
The RF Test Equipment market registered a CAGR of 5.32% over the forecast period 2021 - 2026. Radiofrequency (RF) test equipment is used to compute signals at a higher frequency range than that supported by any other general test equipment. Along with standard measurement functionality, they also have specialized functions to determine the characteristics of an RF signal (radio waves transmitted within the frequency range of 3 hertz to 300 megahertz). Presently, the RF test equipment market is mainly driven by increasing communication applications of RF such as cellular, radio telecommunication, broadband, satellite, radar, and navigation.
- Upgrading the transport network includes the cost of equipment and services and requires at least 30% of the overall project cost. This high cost is mainly due to the high price of equipment for the optical transport-based network. The growing LTE adoption in Asia-Pacific is also driving the studied market growth. Operators in the region added 656 million new LTE subscriptions in the twelve months to the end of Q1 2018, representing a 46% growth rate. The Asia-Pacific now accounts for 65% of all LTE subscriptions worldwide.
- As RF based Radar is a valuable tool used in many applications from traffic enforcement to air traffic control and military applications, hence growing advancements in the field will also generate the need for study market's products. Wireless Gigabit(WiGig) is one of the latest and emerging technologies (IEEE 802.11ad) that works in the bandwidth of 60GHz and delivers up to 7 Gbit/s (20 times faster than IEEE 802.11n standard connection). The development in this market will also increase the speed and applications for the studied market.
- The growing 5G adoption also brings huge opportunity into the market. But most vendors need to upgrade or develop testing equipment, which is compatible with the 5G technology. For instance, Rohde & Schwarz offers comprehensive over-the-air (OTA) test solutions to pave the way for mmWave and massive MIMO antennas. The emergence of Industrial Internet of Things (IIoT) and machine-to-machine (M2M) communication solutions is also expected to boost the growth further of the studied market, especially for telecommunications applications.
