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RF Test Equipment Market worth $4.6 billion by 2027, at a CAGR of 6.1%

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RF Test Equipment Market worth $4.6 billion by 2027, at a CAGR of 6.1%

December 12
22:45 2022
RF Test Equipment Market worth $4.6 billion by 2027, at a CAGR of 6.1%
RF Test Equipment Market
RF Test Equipment Market is expected to reach USD 4.6 billion by 2027 from USD 3.5 billion in 2022 grow at a CAGR of 6.1%

The report RF Test Equipment Market by Type (Oscilloscopes, Spectrum Analyzers, Signal Generators, Network Analyzers), Frequency Range (More than 6 GHz, 1 to 6 GHz, Less than 1 GHz), Form Factor, End-use Application and Region – Global Forecast to 2027” The global RF test equipment market is projected to reach USD 4.6 billion by 2027 from USD 3.5 billion in 2022, growing at a CAGR of 6.1% from 2022 to 2027.Surging adoption of wireless systems in residential and commercial buildings, growing number of IoT-connected devices, and increasing use of 5G-compatible devices are some of the major factors driving the RF test equipment market growth globally.

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Browse 218 market data Tables and 63 Figures spread through 249 Pages and in-depth TOC on “RF Test Equipment Market by End-use Application and Region- Global Forecast to 2027”
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RF Test Equipment Market

Oscilloscopes to account for the largest share of the RF test equipment market during forecast period

The increasing deployment of modular equipment with high bandwidth and the improved user interface are major factors driving the growth of the market for oscilloscopes. The deployment of wireless networks and 5G and the increased adoption of network-based devices for faster communication are expected to provide growth opportunities for market players offering oscilloscopes. In recent years, the market for modular oscilloscopes has witnessed significant growth owing to the increasing use of modular instruments such as oscilloscopes, waveform generators, digital multimeters, power supplies, and switches.

RF test equipment with a frequency range of more than 6 GHz to register highest CAGR during forecast period

The rising use of 5G technology-based devices has led to a surge in demand for RF test equipment, creating opportunities for market players to launch advanced products suitable for various applications. The growing adoption of 5G technology in applications such as connected cars and mobile services and increasing 5G mobile subscriptions are expected to provide opportunities for the providers of RF test equipment, especially with a frequency of more than 6 GHz.

Asia Pacific to register the highest growth in the RF test equipment market during the forecast period

The presence of established connectivity solution providers, such as Huawei (China), Renesas (Japan), etc. in Asia Pacific and the constantly growing smartphone subscriptions in the region are the major factors for the dominant position of Asia Pacific in the RF test equipment market. Moreover, China, being a global manufacturing hub for consumer electronic products, provides lucrative opportunities for the providers of RF test equipment.   

The key players profiled in the report include Keysight Technologies, Inc. (US), Anritsu Group (Japan), Rohde & Schwarz (Germany), Tektronix, Inc. (US), Teledyne Technologies Incorporated (US), Berkeley Nucleonics Corporation (US), AnaPico (Switzerland), B&K Precision Corporation (US), National Instruments Corporation (US), Boonton Electronics (US), Tabor Electronics Ltd. (Israel).

Don’t miss out on business opportunities in RF Test Equipment Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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