RF Test Equipment Market Research Report - Forecast till 2027

RF Test Equipment Market Research Report: Information by Connectivity (Oscilloscope, Spectrum Analyzers, Signal Generators, Network Analyzers, and others), Form Factor (Bench-Top, Portable, and Modular), Frequency (Between 1 GHz to 6 GHz, More than 6 GHz and Less than 1 GHz), End User (IT & Telecommunications, Aerospace & Defense, Consumer Electronics, Automotive, Academic & Research Institutions, Industrial, Medical and others) and Region - Forecast till 2027

ID: MRFR/SEM/4279-CR | December 2019 | Region: Global | 118 pages

RF Test Equipment Market Overview:

The RF (Radio Frequency) Test Equipment market is expected to grow at a high pace in the coming years. The market was evaluated at around USD 2 billion in the year 2.019 The RF Test equipment market value is anticipated to reach up to USD 5,674.9 million by the year 2025, with a CAGR (Compound Annual Growth Rate) of about 6.21%. The increased need for computing high-frequency signals and determining the characteristics of radio signals act as driving factors for market growth.


RF signal analysis test equipment is used to measure Radio Frequency waves emitted by a specific device. They can be modern or traditional general-purpose equipment and semiconductor automated test equipment (ATE). The traditional testing tools are available in many types such as RF network analyzers, electronic counters, spectrum analyzers, one-box testers, antenna & cable analyzers, signal generators, and power meters.


Covid-19 Analysis:


The impact of Covid-19 has debilitated most small and large-scale businesses alike. Due to the lockdown and the need for physical distancing, many businesses have been forced to shut down. RF Test Equipment market was one of the markets that saw a decline in its profit and market size. However, it is expected to recover its revenue in the coming years.


Market Dynamics:


Drivers:

A few factors contribute to the growth of the global market. The industrial sector is fast-growing in most countries across the globe. Moreover, there is an increasing concentration of SMEs (Small & Medium Enterprises) is also driving the growth of the market. Also, most industries are adopting wireless networks and in-built communication solutions. These factors are leading to global market growth.


Opportunities:
The technological advancements in industries such as aerospace and defense around the world may fuel the RF Test Equipment market. Moreover, the growing deployment of RF testing tools in the manufacturing industries also contributes to the global market growth.

Restraints:
Some factors may inhibit the growth of the RF measurement equipment market. The increasing amount of research conducted in the development of the field and the growing new advanced technologies in the market are some of them. These modern advanced equipment are often more accurate and efficient. Hence, they may replace the traditional RF test equipment. These factors may hinder the growth of the RF test equipment market size.

Challenges:                                                                  
There may be a few factors that may challenge the RF equipment providers in the market. The ever-growing number of new and advanced technologies and innovations in the field may replace the traditional RF testing tools. Hence, they may pose a challenge to the RF test equipment manufacturing companies. The companies need to provide testing solutions that can compete or surpass advanced technology.

Cumulative Growth Analysis:
The Radio Frequency Test Equipment market is expected to grow at a high pace in the coming years. The RF Test equipment market value is anticipated to reach up to USD 5.6 billion by the year 2025, with a CAGR (Compound Annual Growth Rate) of about 6.21%. The increased need for computing high-frequency signals and determining the characteristics of radio signals act as driving factors for market growth.


Technological Analysis:


The Radio Frequency equipment market is segmented by form factor into portable, bench-top and modular. Among them, the bench-top segment accounts for the largest RF test equipment market share. This is because it accounts for the highest repeatability level. Hence, it offers association among tools with the largest span, so reducing imperfections in measurement. Moreover, they are highly portable and compact, which is why these tools are the most preferable type.


The market is also segmented by frequency into less than 1 GHz, between 1 Hz and 6 GHz, and more than 6 GHz. The between 1 and 5 GHz segment is anticipated to make up the largest market share. This is because the frequency type offers maximum frequency response and almost full accuracy in high-frequency device measurements. Hence, these factors are expected to drive the growth of the global Radio Frequency test & measurement equipment market.



RF Test Equipment Market Segment Overview:


The RF Test & measuring equipment market is classified into many segments such as by form factor, connectivity, frequency, and vertical. Listed below are the RF Test instruments market segments:


By Form Factor:

  • Portable

  • Bench-top

  • Modular


By Connectivity:

  • Signal Generators

  • Oscilloscope

  • Network analyzers

  • Spectrum analyzers

  • Others


By Frequency:

  • Less than 1 GHz

  • Between 1 and 6 GHz

  • More than 6 GHz


By Vertical:

  • Medical

  • Industrial

  • IT & Telecommunication

  • Consumer electronics

  • Academic & Research institutions

  • Automotive

  • Aerospace & Defense

  • Others


RF Test Equipment Market Regional Analysis:


The regional analysis of the RF test equipment market is divided into Europe, Asia Pacific, North America, Latin America, and Middle East & Africa during the forecast period 2022 to 2027. Asia Pacific region dominates with the highest global RF test equipment market share of 38.76%. It is followed by the North American region with a global market share of 26.44%. In this region, RF testing tools are deployed in industries such as medical, consumer electronics, and automotive.


However, Europe is anticipated to see enormous growth in the forecast period with the most CAGR and a market share of 21.92%. The increasing adoption of wireless networking, 5G cellular networks, and IoT (Internet of Things) in the region are driving the sales of the RF test & measurement equipment market. It is applied in industries such as healthcare, automotive, and IT & telecommunications. The Middle East & Africa region and Latin America are also expected to witness substantial market growth. 


Competitive Landscape:


The RF Testing industry is dominated by a few important companies. They are the key companies that offer RF Test equipment solutions. These RF Test Equipment manufacturers account for most of the market profit. They do so by implementing various RF test equipment market trends and accurate RF frequency counters. The market landscape is quite competitive because of the growth of IoT enterprises, smart operators, and manufacturers. Hence, these key companies can attract a large span of clients globally.


RF Test Equipment Market Key Players:
Following are the key competing companies in the Radio Frequency Test Equipment business, with the location of their headquarters:

  • Siemens (Germany)

  • B&K Precision Corporation (US)

  • Anritsu Corporation (Japan)

  • Keysight Technologies Inc. (US)

  • ROHDE&SCHWARZ (Germany)

  • Cobham PLC (UK)

  • EXFO Inc. (Canada)

  • National Instruments (NI) (US)

  • Chroma ATE Inc. (Taiwan)

  • Giga-Tronics Incorporated (US)

  • Atlantic Microwave Ltd (UK)

  • VIAVI Solutions Inc. (US)

  • Teledyne Technologies Incorporated (US)

  • Fortive (US)

  • Yokogawa Electric Corporation (Japan)


Recent Developments:



  • In June 2019, Anritsu Corporation in Japan launched its 43.5 GHz frequency selection for its ShockLine series of VNAs (Vector Network Analyzers). These RF testing tools provide high time-to-market and can be applied in several sectors such as signal integrity, 5G cellular network, and satellite.

  • In January 2019, Teradyne Technologies Inc. in the US announced its procurement of Lemsys of Geneva in Switzerland. This company will retain its management and staff. Lemsys Geneva is a key company in the high power semiconductor and RF test equipment industry. It serves equipment to several markets such as the electrical vehicles module market, growing power discrete device market, solar & wind power generation market, and applications in high power industrial uses.


Report Overview:


This research report compiles all the information about the growth of the global RF Test equipment market in the forecast period. It also includes different sections of the RF Test instruments market analysis to help obtain detailed information such as opportunities, challenges, drivers, Covid-19 analysis, regional analysis, competitive landscape, and others. Moreover, all the information is gathered from verified primary and secondary sources to deliver the expected market growth of the RF Testing industry by the year 2027.


Report Details:



  • Historic Period: 2015-2020

  • Base Year: 2021

  • Forecast Period: 2022-2027


Geographically:



  • Europe

  • Asia-Pacific

  • North America

  • Middle East & Africa

  • Latin America



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 5,674.9 million
  CAGR   6.21%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Connectivity, Form Factor, Frequency, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Keysight Technologies, Inc. (US), Teledyne Technologies Incorporated (US), National Instruments (NI) (US), Yokogawa Electric Corporation (Japan), Siemens (Germany), EXFO Inc. (Canada), Anritsu Corporation (Japan), Giga-Tronics Incorporated (US), Cobham PLC (UK), VIAVI Solutions Inc. (US), Fortive (US), and Chroma ATE Inc. (Taiwan), ROHDE&SCHWARZ (Germany), Atlantic Microwave Ltd (UK), B&K Precision Corporation (US)
  Key Market Opportunities   Growing innovation in aerospace and defense technology and growing use of RF equipment in manufacturing industries.
  Key Market Drivers

  • The growing industrial sector.
  • The increasing presence of small and medium-sized enterprises (SMEs).
  • Growing adoption of wireless networks for in-building communication systems.


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    Frequently Asked Questions (FAQ) :


    The global RF test equipment market is expected to reach USD 5.6 billion by 2025.

    The global RF test equipment market is expected to exhibit a strong 6.21% CAGR over the forecast period from 2019 to 2025.

    The growing implementation of RF in in-building communication is a major driver for the global RF test equipment market.

    Asia Pacific is the leading regional market for RF test equipment.

    Atlantic Microwave Ltd., Yokogawa Electric Corporation, Keysight Technologies Inc., Siemens, EXFO Inc., National Instruments, Cobhamplc, Fortive, and Chroma ATE are among the leading players in the global RF test equipment market.