Global Radio Frequency Test Equipment Market Size Study & Forecast, by Type (Oscilloscope, Spectrum Analyzer, Signal Generator, Network Analyzer, Others), by Form Factor (Rackmount, Bench-top, Portable, Modular), by End-User (Healthcare, Manufacturing, IT

Global Radio Frequency Test Equipment Market Size Study & Forecast, by Type (Oscilloscope, Spectrum Analyzer, Signal Generator, Network Analyzer, Others), by Form Factor (Rackmount, Bench-top, Portable, Modular), by End-User (Healthcare, Manufacturing, IT & Telecommunication, Consumer Electronics, Automotive, Aerospace & Defense, Others), and Regional Analysis, 2023-2030

Global Radio Frequency Test Equipment Market is valued at approximately USD 2.03 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.0% over the forecast period 2023-2030. Radio Frequency (RF) test equipment is set of instruments and devices that are majorly used to monitor and analyze radio frequency signals. These devices are required for the design, production, and maintenance of RF-based electronic systems, such as radar, satellite, and wireless networks, as well as communication devices. RF test equipment is essential to ensure these system's effectiveness, adhere to laws, and meet performance requirements. The increase in adoption of wireless systems in commercial and residential buildings, surging number of smartphone subscriptions, and surging number of IoT-connected devices are the key factors that are primarily bolstering the market demand across the globe.

In addition, the surge in penetration of 5G-compatible devices is exhibiting a positive influence on the demand for RF test equipment because of their increased complexity, higher frequencies, and denser deployment of network components in the 5G infrastructure. 5G operates at higher frequencies compared to previous wireless technologies such as 4G and 3G networks. The performance of millimeter-wave components is verified by RF test solutions operating at these frequencies. According to the 5G Americas- an industry trade organization report of 2023, approximately 1.9 billion of 5G connections were recorded, which is projected to rise and is likely to reach 5.9 billion 5G connections by 2027. Thereby, the continuous expansion of wireless network infrastructure, especially 5G, requires extensive testing of RF components to ensure network coverage, reliability, and capacity, which is augmenting the market growth during the estimated period. Moreover, the growing adoption of RF testing instruments in automotive applications, as well as the rising number of space programs globally and advancements in the aerospace industry present various lucrative opportunities over the forecast years. However, the extended longevity of communication systems and the several complexities associated related to antenna arrays are challenging the market growth throughout the forecasted period of 2023-2030.

The key regions considered for the Global Radio Frequency Test Equipment Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the high demand for RF test equipment across the telecommunication and consumer electronics sector. The presence of several instrument and testing tools manufacturers, along with the rising use of smartphones conforming to the novel wireless standards are anticipated to boost the market growth across the region. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasted years because 5G technology has been effectively implemented and adopted in the region. 5G technology service providers are rapidly upgrading their testing infrastructure, such as RF testing units, to meet the demands of 5G technology. For instance, in July 2022, Rohde & Schwarz released a full 5G over-the-air test package to test mmWave and Huge MIMO antennas. Also, various regional government organizations have implemented several initiatives to control and enhance the usage of RF testing equipment to ensure network security, which is further propelling the market demand across the region.

Major market players included in this report are:
Anritsu Corporation (Japan)
Rohde & Schwarz (Germany)
Yokogawa Electric Corporation (Japan)
VIAVI Solutions Inc. (U.S.)
Teledyne Technologies Incorporated (U.S.)
National Instruments Corporation (U.S.)
Atlantic Microwave Ltd (U.K.)
Chroma ATE Inc. (Taiwan)
EXFO Inc. (Canada)
B&K Precision Corporation (U.S.)

Recent Developments in the Market:
In June 2022, Amrisoft, a service provider for 4G and 5G networks, announced the company's partnership with Rapidtek- a supplier of RF testing solutions, which aims to create innovative RF testing solutions.
In May 2022, Atlantic Microwave, a well-known manufacturer of Satcom radio frequency test equipment, introduced its new ""Modular Bench-top Instrumentation Chassis"" item. The new product's modular design provides a flexible and scalable solution for the bench-top testing application.

Global Radio Frequency Test Equipment Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Form Factor, End-User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Oscilloscope
Spectrum Analyzer
Signal Generator
Network Analyzer
Others

By Form Factor:
Rackmount
Bench-top
Portable
Modular

By End-User:
Healthcare
Manufacturing
IT & Telecommunication
Consumer Electronics
Automotive
Aerospace & Defense
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Anritsu Corporation (Japan)
Rohde & Schwarz (Germany)
Yokogawa Electric Corporation (Japan)
VIAVI Solutions Inc. (U.S.)
Teledyne Technologies Incorporated (U.S.)
National Instruments Corporation (U.S.)
Atlantic Microwave Ltd (U.K.)
Chroma ATE Inc. (Taiwan)
EXFO Inc. (Canada)
B&K Precision Corporation (U.S.)

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