Global RF Test Equipment Market Overview
In its research report, Market Research Future
(MRFR), asserts that the global RF Test Equipment Market 2020 is slated to grow
exponentially, securing a substantial market valuation and a healthy CAGR over
the review period.
Drivers and Restraints
Development
in the demand for RF test equipment is driven by the growing adoption of
wireless networks for in-building communication systems and by an increasing
number of IoT products. The growing demand for fast internet connections and
wireless networking, combined with the rapid growth of the telecommunications
sector in developing regions, is expected to increase demand for RF test
equipment over the forecast period. Yet market growth may be limited by the
need for longer timelines and increased investment in research and development
to develop new communication technologies.
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Segmental Analysis
The global market for RF test equipment is segmented
on form factor, connectivity, frequency, and end-user.
On the basis of connectivity, the global RF test
equipment market is segmented into the signal generators, oscilloscope,
spectrum analyzers, network analyzers, and others. The segment of oscilloscopes
held the largest market share in 2018, as this segment has seen substantial
growth in demand for RF test equipment owing, among others, to the design and
maintenance of electronic equipment and laboratory work in the automotive,
consumer electronics, IT & telecommunications, aerospace & defense, and
healthcare industries.
On the basis of the form factor, the global RF test
equipment market is divided into portable, bench-top, and modular. As it
provides the highest degree of repeatability, the bench-top category is
projected to retain the most market share, resulting in a closer connection
between instruments with a wider measuring range, which helps to do better job
of minimizing imperfections.
On the basis of frequency, the global RF test
equipment market is divided into between 1GHz to 6 GHz, less than 1 GHz, and
more than 6 GHz. Because of its excellent frequency response and high precision
in swept measurements with high-frequency probes, the segment is slated to hold
the highest market share between 1GHz and 6 GHz.
On the basis of end-user, the global RF test
equipment market is divided into IT & automotive, telecommunications,
consumer electronics, academic & research institutions, aerospace &
defense, medical, industrial, and others. The IT & Telecommunications
segment is projected to retain the highest market share as it provides improved
network and spectrum quality and precision, and provides high frequency reading
quality.
Regional Analysis
The geographical overview of the global market has
been analyzed in four major regions, including Europe, the Asia Pacific, North
America, and the rest of the world.
With growing innovation in aerospace and defense
technology and growing use of RF equipment in manufacturing industries, Europe
is expected to see remarkable growth in the RF test equipment industry.
Furthermore, IoT adoption, wireless networking, and 5 G network technology
growth have prompted the introduction of RF test equipment in industries such
as automotive, IT & Telecommunications, and healthcare. During the forecast
era, the involvement of major manufacturers and increasing R&D facilities
further increases the demand for RF test equipment in the area.
Increasing the adoption and deployment of RF and
in-building communication technology in different industries is expected to
drive demand in Asia-Pacific for RF test equipments. In addition, the growing
adoption of RF test equipment in the IT & Telecommunications industry to
conduct component testing for tablets, smartphones, laptops and electronic
device circuit design testing and in the automotive industry to test vehicle
components and vehicles is expected to increase demand for RF test equipment in
this area during the forecast period.
Competitive Analysis
The key market players operating in the global
market as identified by MRFR are Teledyne Technologies Incorporated (US),
Keysight Technologies, Inc. (US), National Instruments (NI) (US), Yokogawa
Electric Corporation (Japan), EXFO Inc. (Canada), Siemens (Germany), Anritsu
Corporation (Japan), Cobham PLC (UK), Giga-Tronics Incorporated (US), Fortive
(US), and Chroma ATE Inc. (Taiwan),
ROHDE&SCHWARZ (Germany), VIAVI Solutions Inc. (US), Atlantic Microwave Ltd
(UK), B&K Precision Corporation (US).
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