RF Check Gear Market To Exceed $ 5674.9M Income At 6.21% CAGR By 2025 – Report From Market Analysis Future (MRFR)
/ EIN News / – New York, U.S., June 24, 2021 (GLOBE NEWSWIRE) – Market overview:
According to a comprehensive research report by Market Research Future (MRFR) “Global RF Test Equipment Market Info by connectivity, by form factor, by end user and region – forecast to 2027”The market size is growing at an average annual growth rate of 6.21%.
Radio Frequency from RF test equipment is used to compute signals in a radio frequency range compared to that supported by other general test equipment. In addition to standard measurement functions, it also offers special functions for determining the properties of an RF signal. The market is mainly driven by the increasing number of intelligent connected devices, the need to improve business efficiency, and increasing reliance on the Internet. The increased demand for real-time networks in industrial sectors such as manufacturing, automotive, transportation, energy and utilities, aerospace, and oil and gas is also contributing to market growth.
Major Dominant Players in the Covered RF Test Equipment Market are:
- B&K Precision Corporation (USA)
- Atlantic Microwave Ltd (Great Britain)
- ROHDE & SCHWARZ (Germany)
- Chroma ATE Inc. (Taiwan)
- Fortive (USA)
- VIAVI Solutions Inc. (US)
- Cobham PLC (UK)
- Giga-Tronics Incorporated (USA)
- Anritsu Corporation (Japan)
- EXFO Inc. (Canada)
- Siemens (Germany)
- Yokogawa Electric Corporation (Japan)
- National Instruments (NI) (USA)
- Teledyne Technologies Incorporated (USA)
- Keysight Technologies Inc. (USA)
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According to the MRFR report, there are numerous factors driving the growth of the hybrid cloud market. These include the increasing acceptance of wireless networks for in-building communication systems, the increase in IoT products, the growing need for high-speed internet connections, the rapid growth of the telecommunications sector in developing regions and the increasing adoption of 5G. Other factors driving market growth are the emergence of IIoT (Industrial Internet of Things) and M2M (Machine-to-Machine) communication solutions as well as the increasing use of IoT technology-based devices for various applications such as consumer electronics, aerospace and aerospace and defense, automotive and telecommunications.
On the other hand, longer schedules, the lack of such advanced equipment, and increased investment in research and development to develop new communication technologies may limit the growth of the global RF test equipment market during the forecast period.
Segmentation of the Market Covered In Research:
The market research future report offers a comprehensive analysis of the RF Test Equipment market based on end-user, frequency, form factor, and connectivity.
By connectivity, the global RF Test Equipment Market is segmented into Network Analyzers, Spectrum Analyzers, Signal Generators, Oscilloscopes, and others. Of these, the oscilloscope segment will lead the market in the forecast period.
By form factor, the global RF Test Equipment Market is segmented into modular, portable, and bench-top segments. Of these, the bench-top segment will dominate the market in the forecast period.
By frequency, the global RF Test Equipment market is segmented into more than 6 GHz, between 1 GHz and 6 GHz, and less than 1 GHz. Of these, the segment between 1 GHz and 6 GHz will lead the market in the forecast period.
By End User, the global RF Test Equipment market is segmented into industrial, medical, academic and research institutions, aerospace and defense, consumer electronics, automotive, IT and telecommunications, and others. Of this, the IT and telecommunications segment will have the lion’s share in the market in the forecast period.
Browse the detailed market research report (118 pages) on the RF Test Equipment Industry:
APAC wants Lions to participate in the RF test equipment market
By region, the global RF Test Equipment Market covers growth opportunities and the latest trends in Europe, Asia Pacific (APAC), North America, and the rest of the world (RoW). Of these, the APAC region will lead the market in the forecast period. The increasing adoption and implementation as well as radio frequency and building communication technology in various industries, the increasing presence of SMEs and the growing industrial sector contribute to the global growth of the market for RF test equipment in the region.
North America holds the second largest share of the RF test equipment market
In North America, the global market for RF test equipment is expected to hold the second largest share in the forecast period. The increasing adoption of RF test equipment in various end-use industries such as telecommunications, consumer electronics, medical and automotive, growing demand from aftermarket players and OEMs, increasing need for defense products, vehicles, consumer electronics products, home appliances and smartphones, the rapid introduction of new technologies, the growing focus on communication technologies and IoT as well as the high acceptance of the latest smartphones and the latest wireless standards contribute to the global growth of the market for RF test equipment in the region.
Europe will see remarkable growth in the RF test equipment market
In Europe, the global RF test equipment market is forecast to experience remarkable growth over the forecast period. Increasing innovation in defense and aerospace technologies, increasing use of such devices in manufacturing industry, introduction of IoT and wireless networking, development of 5G network technology, increasing acceptance in healthcare, automotive, IT and telecommunications industries, growing R&D The facilities and presence of the major manufacturers are contributing to the global growth of the RF test equipment market in the region.
RoW has solid growth in the RF test equipment market
In RoW, the global RF test equipment market is forecast to grow solidly over the forecast period.
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Impact of COVID-19 on the Global RF Test Equipment Market
The COVID-19 crisis had a mixed impact on the RF test equipment market. In the first quarter, the disruption in supply chains and the closure of production facilities had a negative impact on market growth. On the flip side, companies like Vaunix have come up with a solution to the plight of high frequency engineers during the lockdown. They introduced budget-friendly, laboratory-grade RF test equipment that is powerful enough to run a variety of RF tests. This is an ideal solution to virtually do the critical task of the test lab. The portable devices will work wonders against future work disruptions as well as limited accessibility to the RF laboratory that may arise due to the resurgence of COVID-19.
February 2021– Anritsu has launched a ME7803NR solution for the 5G RF Regulatory Test System.
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About the future of market research:
Market Research Future (MRFR) is a global market research company that prides itself on its services and offers complete and accurate analysis of various markets and consumers worldwide. Market Research Future has the outstanding goal of offering customers optimal research quality and granular research. Our market research studies for products, services, technologies, applications, end users, and market participants for global, regional, and country specific market segments enable our customers to see more, know more, and do more to answer your key questions.
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June 24, 2021 at 3:25 pm GMT
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