The RF test equipment market was valued at USD 2.32 Billion in 2016 and is expected to reach USD 3.21 Billion by 2023, at a CAGR of 4.92% during the forecast period. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the market based on type, form factor, frequency, application, and geography. The report also provides the information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the RF test equipment. In addition, the key players in the RF test equipment market are strategically profiled, and their market rank and core competencies are comprehensively analyzed, along with detailing the competitive landscape of market players and describing product launches, product developments, acquisitions, partnerships, expansions, agreements, and collaborations in the market.
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RF test equipment with a frequency range of 1 GHz to 6 GHz hold the largest share during the forecast period
Many RF equipment conform to the IEEE802.11b/g/n wireless standards, using 2.4 GHz frequency. Owing to the rising demand for seamless connectivity with higher data rate, Wi-Fi technology-based RF equipment, which conform the IEEE802.11a wireless standards, with a frequency range of 5 GHz to 6 GHz are in high demand. Hence, RF test equipment with a frequency range of 1 GHz to 6 GHz are used for most industrial IoT-related applications. These factors drive the growth of the market for RF test equipment with a frequency range of 1 GHz to 6 GHz.
RF test equipment in APAC to grow at the highest rate during the forecast period
APAC is expected to be the fastest-growing market for RF test equipment during 2017–2023. A number of OEMs as well as semiconductor device and product manufacturers are situated in APAC. The growing demand for RF test equipment is attributed to the increasing number of smartphones and continuous advancements in next-generation telecommunication standards, such as LTE, 4G, and upcoming projects on 5G. Moreover, favorable regulatory policies for the approval of new semiconductor technologies and the saturation of the market in developed countries are the factors that intensify the interest of foreign players in Asia Pacific.
The report profiles the most promising players in the RF test equipment. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in this industry are Anritsu (Japan), Fortive (US), Keysight Technologies (US), National Instruments (US), and Rohde & Schwarz (Germany), Teradyne (US), Yokogawa Electric (Japan), Teledyne Technologies (US), Cobham (UK), EXFO (US), Giga-tronics (US), Chroma ATE (Taiwan), Good Will Instruments (Taiwan), and B&K Precision (US).
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