CAGR of 5.04%, RF Test Equipment Market is expected to grow (2018-2023), Leading Manufacturers, Product types, Application, Market Sentiment, Focused Regions

RF Test Equipment

The RF Test Equipment Market Report 2018-2023 focuses on the global RF Test Equipment status, future forecast, growth opportunity, key market, and key players. 

The RF Test Equipment Market report studies the global market size of RF Test Equipment in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of RF Test Equipment in these regions. This research report categorizes the global RF Test Equipment market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.

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The various contributors involved in the value chain of RF Test Equipment include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • Keysight Technologies
  • Rohde & Schwarz GmbH & Co KG
  • Viavi Solutions
  • Yokogawa Electric
  • Teledyne Technologies
  • Teradyne Inc.
  • Cobham PLC
  • Gigatronics Inc.
  • Anritsu Corporation
  • TESSCO Technologies
  • Inc.

Overview of RF Test Equipment Market Research Report 2018-2023:-

The Global RF test equipment market was valued at USD 2.22 billion in 2017 and is expected to reach USD 2.98 billion by 2023 at a CAGR of 5.04% over the forecast period of 2018–2023. The report’s scope offers insights on the solutions offered by major players including providers of hardware, professional services, and associated solutions. The regions included in the study are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The study includes insights on various component based RF test equipment such as RF analyzers, RF oscillators, RF synthesizers, RF amplifiers, RF detectors and others. The end-user industry verticals considered are telecommunication, aerospace & defense, automotive, etc.

Radiofrequency (RF) test equipment is used to compute signals at a higher frequency range than that supported by any other general test equipment. Along with standard measurement functionality, they also have specialized functions to determine the characteristics of an RF signal (radio waves transmitted within the frequency range of 3 hertz to 300 megahertz). A radio frequency field is an alternating current, which when transmitted through an antenna supports wireless broadcasting and generates an electromagnetic field for communication. Expansion of communication technology and rising usage of RF test equipment in telecommunication devices are the primary factors driving this market. Moreover, designing challenges and size of the material are few bottlenecks to the market growth and development.

Major Driver: Rising Data Traffic with Increasing LTE-A Adoption

High adoption rates of smartphones and other modules have tremendously increased data traffic. Data traffic and the number of the data centers are growing due to the surging bandwidth consumption for a wide variety of applications and services resulting in increased data handling. Mobile operators are continually improving the quality of their services by monitoring the output power transmitted and analyzing them with the help of excellent sources. A study of Ericsson indicates that monthly mobile data traffic per smartphone increased in all regions. North America witnessed the highest usage, as traffic reached approximately to 7.1 GB per month per smartphone in 2017 and is projected to increase to 48 GB by the end of 2023. Western Europe experienced the second highest usage, with traffic reaching around 4.1 GB in 2017 and 28 GB by the end of 2023. The high average usage in India was estimated to reach 3.9 GB per month per smartphone in 2017, accredited to introductory LTE offer by an operator in 2016, and the competitors are trying to counter it with similar plans. Data traffic is expected to continue to grow, reaching 18 GB per month per smartphone in 2023. In 2023, monthly global mobile data traffic is expected to surpass 100 EB. At the end of 2017, it hovered around 16 to 17 EB.

With LTE-A standard becoming a norm, meeting consumers’ demand, ensuring higher coverage and providing quality services is the primary focus of companies in this sector. The rising adoption rate of LTE-A has contributed toward the growth of this market in terms of low ownership costs for the operators and increased network flexibility. The market is witnessing growth, creating opportunities for test equipment vendors across the globe.

North America Leading in Technological Advancements and Demand

Having test equipment with advanced technologies integrated into it has been a boosting factor to the telecom industry in North America. Increased demand from telecommunication and consumer electronics sector is the primary factor driving the market. The United States, being a mature market for RF testing equipment, stands tall in this region, due to the popularity of LTE and LTE-A technology. Data traffic in North America is increasing day by day, and as a result, the market in this region is expected to attain substantial growth by 2023 with more connections at a higher data traffic rate expected to clock at 48 GB per smartphone.

Globally more than 250 million subscriptions were added to LTE in the first quarter of 2017 alone, and the adoption rate of LTE is witnessing substantial growth every year. The penetration rate of modular GP instrumentation compared to the traditional type is high in North America and is a major factor driving the North American market. With telecommunication requirements skyrocketing, there is a growing need for various products like analyzers and detectors in the industry. The test and measurement business operates in different telecommunication verticals like mobile market, including smartphones and other handsets, and the network infrastructure market, including wireless base stations and optical communications networks.

The telecommunications industry in Europe has been witnessing a decline over the last few years. Unlike Europe, other regions like North America and Asia-Pacific are witnessing a continuous increase in revenue in this industry. The growth of mobile and tablets sector will fuel the growth in the telecom industry.

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Reasons to Purchase the ReportA study on the current and future global RF test equipment market.The performance of various segments in the global market.Analyzing different perspectives of the market with the help of Porter’s Five Forces AnalysisSegments and sub-segments expected to dominate the global market.Identifying regions expected to witness the fastest growth during the forecast period.Latest developments, market shares and strategies employed by the major market players.3-month analyst support along with the Market Estimate sheet (in Excel).

Key questions answered in the RF Test Equipment Market Report are.

  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors? 

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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of RF Test Equipment market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

Major Points from TOC of RF Test Equipment Market Research Report 2018-2023:

  1. INTRODUCTION
    1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study
  1. RESEARCH METHODOLOGY
  1. EXECUTIVE SUMMARY
  1. MARKET DYNAMICS
    1 Drivers
    4.1.1 Rise in Defence Expenditure of Many Countries
    4.1.2 Increasing Demand of Lightweight Materials in the Industry
    4.2 Restraints
    4.2.1 Need for High Investments in R&D
    4.2.2 Other Restraints
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Price Analysis
  1. MARKET SEGMENTATION
    1 By Application
    5.2 End-user Sector
    5.2.1 Residential
    5.2.2 Commercial
    5.2.3 Institutional
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.2 North America
    5.3.3 Europe
    5.3.4 South America
    5.3.5 the Middle East & Africa

    Continued…

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