Dublin, July 19, 2023 (GLOBE NEWSWIRE) -- The "RF Test Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for RF Test Equipment estimated at US$3.4 Billion in the year 2022, is projected to reach a revised size of US$5.6 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2022-2030.
Oscilloscopes, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$1.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Spectrum Analyzers segment is readjusted to a revised 7.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $950.8 Million, While China is Forecast to Grow at 9.9% CAGR
The RF Test Equipment market in the U.S. is estimated at US$950.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$869.4 Million by the year 2030.
Select Competitors (Total 187 Featured) -
- Anritsu Company
- B&K Precision Corporation
- Chroma ATE, Inc.
- Cobham PLC
- ERA Instruments
- EXFO, Inc.
- Fortive Corporation
- Freedom Communication Technologies
- Giga-Tronics Inc.
- Good Will Instrument Co., Ltd. (GW Instek)
- Infinite Electronics, Inc.
- Keysight Technologies, Inc.
- National Instruments Corporation
- Prisma Telecom Testing Srl
- Rohde & Schwarz GmbH & Co. KG
- Saluki Technology
- Teledyne Technologies, Inc.
- Teradyne, Inc.
- Viavi Solutions, Inc.
- Yokogawa Electric Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 798 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3.4 Billion |
| Forecasted Market Value (USD) by 2030 | $5.6 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Indispensable Role of RF in Wireless Communications & Networking Provides the Foundation for the Growth of RF Compliance Testing
- Growing Investments Pumped Into Building Wireless Infrastructure for Communications & Networking Opens New Opportunities for RF Products and Solutions & Their Performance Testing: Global Wireless Infrastructure Market (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
- Global Economic Update
- Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
- Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- Competition
- RF Test Equipment - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Application of Wireless Technologies in Automobiles Spurs Demand for RF Testing in the Automotive End-Use Sector
- RF Testing Becomes the Basis for Developing Safe, Reliable, High Performance Automotive V2X Solutions: Global Market for Automotive Vehicle-to-Everything (V2X) (In US$ Million) for Years 2023, 2025 and 2027
- Expanding 5G Ecosystem Deepens the Need for 5G Radio Frequency Testing & Compliance
- Rapid Penetration of 5G Is Poised to Unveil a Plethora of Opportunities for RF Testing of 5G Enabled Products & Services Designed for Myriad Applications: Global 5G Contribution to Global GDP (In US$ Billion) by Industry for the Year 2030
- Professional Audio System OEMs Take to RF Testing. Here's Why
- A Strong Market for Audio Systems Focused on Performance Leads OEMs to Focus on RF Testing of Audio Systems: Global Market for Professional Audio Equipment (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
- Strong Outlook for Consumer Electronics Drives Demand for RF Test Equipment
- OEMs Focus on Leveraging the Strong Demand for Consumer Electronics With Safe & Reliable Product Offerings Steps Up the Importance of RF Testing in the Production Stage: Global Market for Consumer Electronics (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
- As Drones Grow in Demand, a Parallel Opportunity Opens for RF Testing of Drones
- Growing Ubiquity of Drones Translates Into Increased Opportunity & Need for Drone RF Testing: Global Market for UAV Drones (In US$ Million) for Years 2023, 2025, and 2027
- Encouraging Recovery of the Aerospace Industry to Spur Opportunities for the Growth of RF Test Equipment
- The Much Awaited Recovery of the Commercial Aviation Sector From the Pandemic to Spur Opportunities for All in the Aerospace Supply Chain Including Component Suppliers & Their Partners: Global Aviation Sector Service Revenues (In US$ Billion) for Years 2018 through 2024
- As the New Era of Smart Weapons Dawns, So Does an Exciting Period of Opportunity for RF Testing
- Putting Smart Weapons to Test, Including the RF Test, is the Only Way to Ensure Their Performance & Safety: Global Market for Smart Weapons (In US$ Million) for Years 2023, 2025 and 2027
- : Robust Defense Spending Amid the Unfortunate State of Global Geo-Political Affairs Opens Opportunities for RF Testing of Military Weapons and Communication Products: Military Spending by Top Countries in 2022 (In US$ Billion)
- Growing IoT Connected Devices Drives the Need for RF Testing of IoT Devices
- Growing IOT Ecosystems Throws the Spotlight on RF Testing of IOT Devices: Global M2M/IoT Connections (In Billion) for Years 2022, 2024, 2026, 2028 and 2030
- RF Spectrum Analyzers Gain Traction in the Communications Industry
- Opportunities Abound for Testing of RFID Equipment
- Growing Use of RFID Technology Strengthens the Business Case for RF Testing of RFID Tags & Readers: Global Market for RFID Technology (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
- RF Test Equipment Manufacturers Look to Integrating AI into Their Offerings. Here's Why
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/c942ss
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