Expanding IoT Ecosystem and Aerospace Industry Recovery Fuels Global RF Test Equipment Market to 2030

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Jul 18, 2023, 21:30 ET

DUBLIN, July 18, 2023 /PRNewswire/ -- 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 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/t7pwcg

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