RF Test Equipment Market is Expected to Showcase Rampant Growth Over 2025

Pune, India, December 2019, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global RF Test Equipment Market.

Overview

Global RF Test Equipment Market is expected to be valued at USD 5,674.9 Million by 2025, with a CAGR of 6.21% during the forecast period (2019–2025).

The report covers segmentation and market dynamics for a better glimpse of the market in the coming years. The RF test equipment are equipment for testing radio frequency (RF) energy across various end use applications. It is widely adopted and incorporated across telecommunications services. It is also used across radio and television broadcasting, cellular telephone, radio communication, satellite communication applications. The growth of the RF test equipment market is driven by the increasing adoption of wireless networks for in-building communication systems and increasing number of IoT devices. However, the growth of the market can be hindered due to the requirement of longer timelines and extended research and development investments for developing new communication technologies.

Competitive Analysis

Some of the prominent players in the global RF test equipment market are Anritsu Corporation (Japan), Giga-Tronics Incorporated (US), Cobham plc (UK), VIAVI Solutions Inc. (US), Fortive (US), and Chroma ATE Inc.  (Taiwan), ROHDE&SCHWARZ (Germany), Atlantic Microwave Ltd (UK), B&K Precision Corporation (US), Keysight Technologies, Inc. (US), Teledyne Technologies Incorporated (US), National Instruments (NI) (US), Yokogawa Electric Corporation (Japan), Siemens (Germany), EXFO Inc. (Canada).

Keysight Technologies is focused on investing in product development to address the changing needs of the market and facilitate growth. It targets company development by forming collaborations and partnerships with multiple tier 1 suppliers to expand its product portfolio and geographic reach across aerospace & defense, automotive & energy, and semiconductor markets. The company is investing in research and development to design measurement and test equipment to meet the changing market demand.

Teledyne focuses on expanding its presence in the global market to reduce the risk of dependency on the domestic market for revenue generation. Moreover, it targets core business segments, such as instrumentation and digital imaging, to improve the financial position of the company. It plans on reducing expenses across capital expenditures, acquisitions, and share repurchases to increase focus on developing its product portfolio for monitoring and control instruments and electronic test and measurement equipment.

Segmental Analysis

The global market for RF test equipment is segmented based on connectivity, form factor, frequency, and end user.

On the basis of connectivity, the oscilloscope segment is expected to dominate the market. An oscilloscope is a laboratory instrument that displays the waveform of an electrical signal and draws a graph representing the changes in it. The graph shows the time, current, and voltage of the oscillating signals with frequencies ranging from 1Hz to several MHz with the help of radio frequencies. An oscilloscope helps detect if a signal is a direct current (DC) or alternating current (AC) or whether any malfunctioning component is distorting the signal. Additionally, it also calculates the amount of noise or distortion, and whether the noise is changing with time and shape of the waveform such as sine, square, triangle, sawtooth, and complex. Thus, it is expected to increase the demand for oscilloscope in the RF test equipment market during the forecast period. 

On the basis of form factor, the Bench-top segment is expected to dominate the market. Bench-top RF test equipment is more compact and portable than the conventional equivalents, as they are portable, can be placed on a laboratory benchtop, and are usually the go-to instrument for creating standards, owing to their reliable repeatability and reproducibility. The bench-top RF test equipment offers the highest level of repeatability, resulting in a tighter correlation among instruments with a larger measurement area, which helps do a better job of reducing imperfections.

On the basis of frequency, the between 1 GHz to 6 GHz segment is expected to dominate the market. The equipment included under the between 1GHz to 6 GHz segment work with frequencies ranging from 1 GHz to 6 GHz. They offer excellent frequency response and high accuracy in swept measurements with high-frequency probes. This type of RF test equipment comes with a high probe sensitivity and low distortion levels that allow measurements to be made while taking advantage of the full dynamic range of RF test analyzers. Such factors are expected to drive the global RF test equipment market during the forecast period.

On the basis of end user, the IT & telecommunication segment is expected to dominate the market. RF test equipment offer enhanced accuracy and precision in network and spectrum and provides high accuracy in frequency reading, making them essential in the IT & telecommunication sector. The rising demand for fast internet connections and wireless connectivity, combined with the rapid growth of the telecommunication sector in developing regions, is expected to increase the demand for RF test equipment during the forecast period.

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Regional Analysis

Geographic analysis of the global RF test equipment market spans across North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South & Central America.

In 2018, Asia-Pacific was the leading market with a market value of USD 1,453.0 million. The regional market value is expected to reach USD 2,443.9 million by 2025, with an impressive 7.81% CAGR during the forecast period.

Increasing adoption and implementation of RF and in-building communication technology in various industries is expected to drive the demand for RF test equipment in Asia-Pacific. Moreover, the growing adoption of RF test equipment in the IT & telecommunication industry to perform component testing for tablets, smartphones, laptops and circuit design testing of electronic devices and in the automotive industry for testing vehicle components and vehicles is expected to increase the demand for RF test equipment in this region during the forecast period.

In 2018, North America held the second-largest market share in the RF test equipment market. The growth of the RF test equipment market in North America is estimated to witness a tremendous pace, owing to an increase in the adoption of this equipment in automotive, medical, and consumer electronics industries across the region. In the US and Canada, the growing demand for testing equipment in the IT, automotive, electronics, defense, and medical industries is a major factor stimulating the demand for RF test equipment. Furthermore, the rapid adoption of new technology in this region along with a growing focus on IoT and communication technologies drives the growth of this market. In 2018, the regional market was valued at USD 991.1 million, which is expected to reach USD 1,386.0 million by 2025, with a 5.01% CAGR during the forecast period.

Europe is the fastest-growing region in the global RF test equipment market. Adoption of IoT, wireless networking, and the development of 5G network technology has triggered the implementation of RF test equipment in industries such as IT & Telecommunications, automotive, and healthcare. The presence of major manufacturers and growing R&D facilities further increase the need for RF test equipment in the region during the forecast period. The regional RF test equipment market is expected to be valued at USD 1,084.5 million by 2025 at a CAGR of 4.14% during the forecast period.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.