RF Test Equipment Market Expected to Hit $4.6 Billion in Value by 2027

At a compound annual growth rate of 6.1%, the RF Test Equipment Market is projected to develop from USD 3.5 billion in 2022 to USD 4.6 billion in 2027.

Pune, 18/04/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The RF Test Equipment Market is expected to develop significantly, with a strong compound annual growth rate (CAGR) of 6.1%. The market is expected to reach USD 4.6 billion by 2027 from USD 3.5 billion in 2022. Numerous factors, such as the development of IoT (Internet of Things) devices, the need for mobile devices and networks, and improvements in wireless communication technologies, are driving this expansion. From the stages of design and development to production and deployment, radio frequency test equipment is essential to guaranteeing the effectiveness, dependability, and compliance of wireless communication systems.

Global demand for RF test equipment is rising significantly, driven by a number of important causes. The extensive use of wireless technologies in both residential and business buildings is one important factor. In many industries, the use of wireless communication technology has become crucial due to the growing demand for fast and reliable data transfer. The rise in demand for RF test equipment is also being attributed to the expansion of IoT-connected devices. The adoption of RF test solutions is fueled by the growing requirement to guarantee the performance and dependability of wireless networks as more devices are connected to establish Internet of Things ecosystems.

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RF Test Equipment Market Dynamics

Driver: Increasing use of 5G-compatible devices

The development of 5G technology as the most recent broadband cellular network standard has caused a global upsurge in demand for 5G-capable devices. To take advantage of 5G's transformational potential, a number of industries, including manufacturing and telecommunications, are quickly incorporating it into their cellular equipment. The demand for RF test equipment has increased in tandem with the heightened use of 5G technology, especially in R&D labs tasked with creating and testing 5G network-based devices. The market for RF test equipment is predicted to develop as a result of the dynamic nature of 5G technology, the rising demand for mobile data services, and the extensive use of machine-to-machine (M2M) communication technology across industries.

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Opportunity: Surging adoption of RF testing instruments in automotive applications

The end-user requirements are changing significantly due to the expanding technical landscape, especially with regard to modulation bandwidth, phase noise performance, and frequencies, as automobile radar systems and wireless communication systems move to higher frequency bands. As a result, industry participants are working harder to create cutting-edge RF testing solutions that can satisfy these changing needs. The automotive industry provides a prominent illustration of this tendency, as more and more contemporary cars are outfitted with advanced driver-assistance systems (ADAS), such as parking systems, smart braking, and intelligent accident avoidance. By helping cars to prevent collisions and react quickly to possible hazards on the road, these advanced driver assistance systems (ADAS) rely on radar sensors to improve driver safety and security. Higher frequency radar systems are being used by major automakers to improve the precision and dependability of these safety measures. As a result, the increasing integration of radio frequency (RF) transmitters and receivers into roadside units (RSUs) and onboard units (OBUs) in communication systems emphasises how crucial it is to conduct thorough RF testing in order to reduce the safety concerns related with less-than-ideal transmit circumstances. The need for RF test equipment designed to satisfy the changing requirements of automotive radar and wireless communication systems is predicted to increase as a result of this development.

Oscilloscopes to account for the largest share of the RF test equipment market during forecast period

Oscilloscope sales are rising significantly as a result of a number of important causes. A major factor driving market expansion is the growing usage of modular equipment with high bandwidth capabilities combined with enhanced user interfaces. Furthermore, favourable conditions for the expansion of the oscilloscope market are being created by the widespread deployment of 5G technology and the proliferation of wireless networks. The increasing use of network-based devices, which necessitate speedier communication capabilities, is driving up demand for oscilloscopes. Due to the growing use of modular instruments including oscilloscopes, waveform generators, digital multimeters, power supplies, and switches, the market for modular oscilloscopes has grown significantly in recent years.

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RF test equipment with a frequency range of more than 6 GHz to register highest CAGR during forecast period

Demand for RF test equipment has significantly increased as 5G technology is being adopted more widely. This has created profitable chances for market participants to provide cutting-edge solutions that are suited to a variety of applications. Strong RF testing solutions are becoming more and more necessary as 5G technology continues to gain acceptance in a number of industries, including linked autos and mobile applications. An additional factor driving this demand spike globally is the growing amount of 5G mobile subscriptions. In particular, in order to satisfy the demands of developing 5G applications, there is an increasing demand for RF test equipment that can function at frequencies higher than 6 GHz. By creating and providing cutting-edge RF test solutions that address the changing requirements of businesses adopting 5G technology, market participants are well-positioned to take advantage of these opportunities and propel continued expansion and innovation in the RF test equipment market.

Asia Pacific to register the highest growth in the RF test equipment market during the forecast period

The market for RF test equipment is dominated by the Asia Pacific area, mainly because to the existence of reputable connectivity solution suppliers like Renesas in Japan and Huawei in China. These businesses are crucial in determining how the telecommunications sector develops in the area. Furthermore, Asia Pacific's steadily rising smartphone subscriber rate strengthens its position in the industry. Particularly, China is a prominent global centre for the production of consumer electronics, providing RF test equipment suppliers with a wealth of business prospects. The necessity to guarantee the functionality and quality of telecommunications equipment, in addition to the spread of wireless technologies, is driving the strong demand for RF test equipment in this area. 

The key players profiled in the report include Keysight Technologies, Inc. (US), Anritsu Group (Japan), Rohde & Schwarz (Germany), Tektronix, Inc. (US), Teledyne Technologies Incorporated (US), Berkeley Nucleonics Corporation (US), AnaPico (Switzerland), B&K Precision Corporation (US), National Instruments Corporation (US), Boonton Electronics (US), Tabor Electronics Ltd. (Israel).

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