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

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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