According to Market Study Report, RF Test Equipment Market provides a comprehensive analysis of the RF Test Equipment Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape. technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the RF Test Equipment Market. An exclusive data offered in this report is collected by research and industry experts team.
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The RF Test Equipment Market is expected to reach USD 3.21 Billion by 2023 from USD 2.41 Billion in 2017, at a CAGR of 4.92% between 2017 and 2023. This report spread across 118 pages, profiling 10 companies and supported with 65 tables and 35 figures are now available in this research.
Top Key Players Profiled in the RF Test Equipment Market:
- Anritsu (Japan)
- Fortive (US)
- Keysight (US)
- National Instruments (US)
- Rohde & Schwarz (Germany)
- Teradyne (US)
- Yokogawa (Japan)
- Teledyne Technologies (US)
- Cobham (UK)
- EXFO (US)
- Giga-tronics (US)
- Chroma (Taiwan)
- Good Will Instruments (Taiwan)
- B&K Precision (US)
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“The market for RF test equipment with more than 6 GHz frequency is expected to witness a significant growth between 2017 and 2023”
With the growing demand for 5G connectivity technology, the demand for RF test equipment with more than 6 GHz frequency is likely to be driven. In October 2017, Qualcomm (US) launched the Snapdragon X50 5G modem chipset. With this launch, the company is able to establish a 5G connection with unprecedented wireless broadband speeds, which is up to 5 gigabits per second download speeds, using multiple 5G carriers as well as is able to demonstrate over-the-air connection, using a tiny 28 GHz mm Wave antenna module.
“Market for bench top RF test equipment held the largest share in 2016”
The market for bench top RF test equipment held the largest share of ~62% in 2016. The product development phase is very critical and needs equipment with high-precision performance. Bench top equipment is offered with high-precision capabilities; therefore, they are preferred by the designers in the product development phase. For instance, Key sight (US) offers most advanced and affordable bench top signal analyzers.
“APAC held the largest market share in 2016 and is expected to exhibit considerable growth during the forecast period”
Asia Pacific (APAC) is expected to hold the largest share of the RF test equipment market during the forecast period. A number of OEMs as well as semiconductor device and product manufacturers are situated in APAC. The growing demand for RF test equipment is attributed to the increasing number of smart phones and continuous advancements in next-generation telecommunication standards, such as LTE, 4G, and upcoming projects on 5G.