RF Test Equipment Global Market Report 2023

“RF Test Equipment Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on rf test equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for rf test equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The rf test equipment market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Oscilloscopes; Signal Generators; Spectrum Analyzers; Network Analyzers; Other Types

• 2) By Form: Factor Rackmount; Benchtop; Portable; Modular

• 3) By Frequency: Less Than 1 GHz; 1 GHz To 6 GHz; More Than 6 GHz

• 4) By Vertical: Medical; Industrial; IT And Telecommunication; Consumer Electronics; Academic And Research Institutions; Automotive; Aerospace And Defense; Other Verticals

• Companies Mentioned: Keysight Technologies Inc.; Anritsu Group Corp.; Rohde & Schwarz GmbH & Co KG; Teledyne Technologies Incorporated; B&K Precision Corporation

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the RF test equipment market are Keysight Technologies Inc., Anritsu Group Corp., Rohde & Schwarz GmbH & Co KG, Teledyne Technologies Incorporated, B&K Precision Corporation, National Instruments Corporation, VIAVI Solutions Inc., Yokogawa Electric Corporation, Chroma ATE Inc., EXFO Inc., Cobham PLC, Fortive Corp., Teradyne Inc., Giga-Tronics Incorporated, and Good Will Instruments Co. Ltd.

The global RF test equipment market is expected to grow from $3.05 billion in 2022 to $3.36 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The RF test equipment market is expected to reach $4.90 billion in 2027 at a CAGR of 9.9%.

The radio frequency (RF) test equipment market consists of sales of network analyzers, power sensors, and signal generators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Radiofrequency (RF) test equipment is a special instrument called a spectrum analyzer which is utilized in various frequency ranges for research and development (R&D) and production applications. The equipment is used to take precise and repeatable measurements when conducting radio frequency (RF) tests on a bench or in the field.

North America was the largest region in the RF test equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The major types of RF test equipment are oscilloscopes, signal generators, spectrum analyzers, network analyzers, and others. An oscilloscope refers to a test tool that records and shows the behavior of an electrical signal over time. The various forms of RF test equipment are rackmount, benchtop, portable, and modular; they detect radio frequency that is less than 1 GHz, 1 GHz to 6 GHz, and more than 6 GHz and are used by medical, industrial, IT and telecommunication, consumer electronics, academic and research institutions, automotive, aerospace, and defense, among other verticals.

The increasing adoption of 5G technology is expected to propel the growth of the RF test equipment market going forward. 5G is the fifth generation of mobile networks that enables a new type of network that is meant to link almost everyone and everything, including machines, objects, and devices. 5G technology combines sub-6GHz bands and mmWave spectrum, as well as other RF technologies such as ultra-wideband (UWB), sensors, and computing techniques, to enable integrated services such as industrial automation, self-driving vehicles, the Internet of Things, and cloud computing. Additionally, the increased wireless standards have also anticipated the demand for 5G technology. For instance, in October 2022, according to a report shared by the GSM Association (GSMA), a UK-based industry organization that represents the interests of mobile network operators globally, in 2022, globally more than 640 million 5G connections have been made as of late, and by 2025, 2 billion connections are anticipated. In addition, 1.2 billion connections might be attributed to 5G by 2025. Therefore, the increasing adoption of 5G technology is driving the growth of the RF test equipment market.

Product innovations have emerged as a key trend gaining popularity in the RF test equipment market. Major companies operating in RF test equipment are advancing toward the use of innovative solutions to sustain their market position. For instance, in September 2022, Rohde & Schwarz, a Germany-based manufacturer of test and measurement equipment, launched the R&S MXO 4 series, a next-generation oscilloscope for accelerated insight. The series has a real-time update rate of more than 4.5 million captures per second, which allows engineers to examine more signal detail and infrequent occurrences. The R&S MXO 4 series oscilloscopes feature enhanced RF spectrum measurement capabilities in addition to time domain measurements. Engineers may observe more RF signals with this base feature than with any other oscilloscope in its class.

In March 2022, RF Industries Ltd., a US-based fiber optic cable manufacturing company, acquired Microlab/FXR LLC for an undisclosed amount. This acquisition enables the combined firm to develop and drive a stronger product roadmap. Microlab's acquisition provides access to RF Industries Ltd to the new set of high-performance, network operator-approved devices, which will be supplied to the company's increasing client base and through its vast distribution channel. Microlab/FXR LLC is a US-based designer and manufacturer of advanced RF and microwave components and systems.

The countries covered in the RF test equipment market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The RF test equipment market research report is one of a series of new reports from The Business Research Company that provides RF test equipment market statistics, including RF test equipment industry global market size, regional shares, competitors with a RF test equipment market share, detailed RF test equipment market segments, market trends and opportunities, and any further data you may need to thrive in the RF test equipment industry. This RF test equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.