With a CAGR of 4.92 % to 2023, the RF Test Equipment Market is anticipated to grow from USD 2.41 billion in 2017 to USD 3.21 billion by 2023.
The most exciting RF Test Equipment players are profiled in the article. The market's competitive landscape paints an intriguing picture of the tactics used by numerous firms. Anritsu (Japan), Fortive (US), Keysight Technologies, National Instruments, and Rohde & Schwarz (Germany) are the major companies in this market. Teradyne (US), Yokogawa Electric (Japan), Teledyne Technologies, Cobham (UK), EXFO, Giga-tronics, Chroma ATE (Taiwan), Good Will Instruments, and B&K Precision (US) are also significant players.
Over the projection period, Modular RF Test Equipment is expected to experience the fastest growth.
The forecast period is expected to have the greatest CAGR on the market for modular RF test equipment. This is explained by features like its high-precision performance and capacity for real-time management and analysis of massive datasets. Additionally, modular devices have the capacity to organise and instantly evaluate big datasets. One of the main factors contributing to its quicker growth is the fact that OEMs were able to provide cost-effective equipment and high-performing modular system components thanks to National Instruments' (US) introduction of the PXI (PCI extensions for instrumentation) standard as an extension of Compact PCI.
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The highest share will be held by RF Test Equipment with a frequency range of 1 GHz to 6 GHz over the forecast period.
Many pieces of RF equipment use the 2.4 GHz frequency and adhere to the IEEE802.11b/g/n wireless standards. Wi-Fi technology-based RF equipment that complies with IEEE802.11a wireless standards and operates in the frequency range of 5 GHz to 6 GHz is in great demand as a result of the increased demand for seamless connectivity at faster data rates. Therefore, the majority of industrial IoT-related applications employ RF test equipment with a frequency range of 1 GHz to 6 GHz. The market for RF test equipment with a frequency range of 1 GHz to 6 GHz is expanding as a result of these considerations.
The projection period will see the largest growth for RF Test Equipment in APAC.
From 2017 to 2023, the RF Test Equipment market is anticipated to develop at the quickest rate in APAC. APAC is home to many OEMs as well as producers of semiconductor products and devices. The rising popularity of smartphones and ongoing developments in 4G, 5G, and other next-generation telecommunications protocols are credited with driving up demand for RF test equipment. The reasons that heighten the interest of foreign firms in Asia Pacific are also advantageous regulatory rules for the approval of innovative semiconductor technology and the saturation of the market in developed countries.
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