RF Take a look at Gear Market 2020, International Trade Dimension, Development Components, Gross sales Evaluation, Influence on Covid-19 Enterprise, Alternatives, Aggressive Panorama, and Forecast 2025
(MENAFN – iCrowdNewsWire) RF Test Equipment Market 2020, Global Industry Size, Growth Factors, Sales Analysis, Impact on Covid-19 Business, Opportunities, Competitive Landscape, and Forecast 2025
iCrowdNewswire Dec. 29, 2020, 5:21 p.m. ET
Market Research Future published a research report on RF Test Equipment Market research report – Forecast to 2023 Market Analysis, Scope, Usage, Progress, Trends, and Forecast to 2023.
Investors weighed the signs of the economy and rebounded against an increase in coronavirus disease in the global RF test equipment market in 2020. The coronavirus has prompted many regions to re-assess the need to increase markets beyond a certain period evaluate. Market Research Future takes this into account and notes that the market would rise at a rate of 6.21% CAGR and reach higher valuations by 2025. The study assumes that the overall market after the pandemic with the invention of the New Dynamic, which will drive the growth of the market rapidly, especially in the years 2017-2025 (forecast period).
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The extreme growth of the telecommunications sector is primarily driving the market for RF test equipment. Current telecommunication systems are primarily based on wireless connectivity carried over a wide range of radio frequencies. Such frequencies are transmitted and received by various RF-enabled electronic devices. With the increasing demand for connectivity, the demand for RF-enabled devices has grown rapidly. This, in turn, has increased the demand for RF test equipment.
In its study, MRFR further shows that the increasing demand for internet-enabled and RF-enabled entertainment electronics such as tablets, mobile phones, televisions, laptops and microwave ovens has also promoted the expansion of RF-enabled components. This, in turn, has further fueled the growth of RF test equipment. In 2015, smartphones made the largest revenue contribution to the global RF test equipment market. It acquired a share of sales of around 38%. The increasing adoption of smart devices has since expanded the RF test equipment market worldwide. Telecommunication technologies like LTE-A, LTE, 4G and 5G are used by many smartphone users.
In addition, the upward application of various communication technologies in various industries has promoted the expansion of RF-enabled electronic components. This in turn has had a positive impact on the growth of the RF test equipment market. Indeed, the increasing rigor of radio frequency regulations, coupled with increasing bandwidths, has created the need for advanced RF test equipment.
On the contrary, the lack of advanced equipment has, to some extent, stunted the growth of RF test equipment. In view of the increasing use of RF-enabled electronics, it is to be expected that the market for RF test equipment will grow considerably faster in the forecast period from 2017 to 2025.
The top players in the global RF test equipment market are National Instruments (NI) (USA), Teledyne Technologies Incorporated (USA), EXFO Inc. (Canada), Siemens (Germany), Cobham PLC (Great Britain) and Giga-Tronics Incorporated (USA) USA), Chroma ATE Inc. (Taiwan), Fortive (USA) and B & K Precision Corporation (USA).
The MRFR report offers a comprehensive assessment of the global RF Test Equipment market based on segments such as connectivity, form factor, frequency, and end-user.
In terms of connectivity, the global RF Test Equipment market has included signal generators, oscilloscopes, network analyzers, and spectrum analyzers. The oscilloscope segment had the largest market share in 2018 as the demand for RF test equipment increased significantly in this segment. All of this is due to the development and maintenance of electronic equipment and laboratory work in the consumer electronics, automotive, aerospace and defense, IT and telecommunications, and healthcare industries.
In terms of the form factor segment, the market included portable, desktop, and modular devices. The bench-top segment could hold a maximum market share due to its highest repeatability, which leads to a closer correlation between instruments with a larger measurement range.
In terms of the frequency segment, the market included less than 1 GHz, between 1 GHz and 6 GHz and more than 6 GHz. The segment between 1 GHz and 6 GHz could hold maximum market share due to its excellent frequency response and high accuracy in sweeping measurements with high frequency probes, which will give a significant boost to the global RF test equipment market.
In terms of the end-user segment, the market consists of Automotive, IT & Telecommunications, Aerospace & Defense, Consumer Electronics, Medicine, Science & Research, Industry, and more. The IT & Telecommunications segment could hold the maximum market share due to its improved accuracy and precision in network and spectrum.
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Regionally, the global market study for RF test equipment was carried out in the main regions of Europe, the Middle East and Africa, North America, the Asia-Pacific region (APAC) and South and Central America.
In Europe, there could be remarkable growth in the RF test equipment market due to increasing innovation in aerospace and defense technology as well as increasing use of RF equipment in manufacturing industries. In addition, the advent of IoT, wireless networks, and the development of 5G network technology have sparked the implementation of RF test equipment in industries such as automotive, IT & telecommunications, and healthcare. The incidence of major manufacturers and growing R&D facilities continues to increase the need for RF test equipment in the region over the assessment period.
The increased demand from the telecommunications and consumer electronics sector is the main driver of the market. The integration of test equipment with exceptional technologies has had a positive impact on the telecommunications industry in North America.
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