RF Test Equipment Market Size Report, Share, Trends and Forecast-2031

The RF Test Equipment Market size is expected to grow from US$ 2.89 billion in 2022 to US$ 4.91 billion by 2030; it is estimated to grow at a CAGR of 6.8% from 2022 to 2030.

Analyst Perspective:

The RF test equipment market has witnessed significant growth in recent years, driven by the expansion of numerous industries such as consumer electronics, telecommunication, aerospace and defense, automotive, and healthcare. The rising implementation of 5G networks and technologies is driving the market. Major developing and developed countries like the US, Germany, China, the UK, Japan, India, Singapore, France, and others have increased their adoption of 5G networks, and technologies are boosting the market. Surging demand for wireless systems in commercial and residential buildings and a growing number of smartphone subscriptions across the globe are fueling the market. Moreover, the advent of machine-to-machine (M2M) communication solutions and the Industrial Internet of Things (IIoT), especially for telecommunications applications, the growing use of RF Test Equipment in Automotives, and the increasing use of IoT-connected devices are creating opportunities for the market growth during the forecast period.

RF Test Equipment Market Overview:

Radio Frequency (RF) test equipment accurately measures and tests wireless communication devices operating at different frequencies. These communication devices consist of smartphones, satellite communication systems, and routers. RF test equipment depends on the transmission and reception of radio waves to provide accurate results. This equipment helps engineers and technicians evaluate the performance of wireless devices by monitoring the frequency response, signal quality, power output, and other essential aspects of wireless devices. Every RF instrument is made to carry out particular measurements and testing. Additionally, RF testing instruments constitute an all-inclusive equipment set for technicians and engineers that test wireless communication devices and networks. Increasing demand for precise and dependable radio frequency testing equipment associated with growing requirements for wireless communication among consumers and the rapidly changing technological environment is driving the market. Furthermore, market players are continuously developing new RF test tools and technologies to keep engineers and technicians updated with the latest advancements in the field, propelling market growth.

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RF Test Equipment Market: Strategic Insights

Market Size Value in	US$ 2.89 billion in 2022
Market Size Value by	US$ 4.91 billion by 2030
Growth rate	CAGR of 6.8% from 2022 to 2030
Forecast Period	2022-2030
Base Year	2022

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RF Test Equipment Market Driver

Growing Use of 5G-Compatible Devices Among Consumers is Driving the Market

5G technology is highly used for broadband cellular networks. In recent years, the demand for 5G-compatible devices has increased worldwide due to the expansion of industries. Growing 5G deployment in cellular devices among manufacturing and telecommunications industries drives the market. For instance, according to Telefonaktiebolaget LM Ericsson, more than 1,000 5G smartphone models will be launched in 2023. The 5G-based smartphones are expected to hold 62% of the share in 2023, compared to 57% in 2022 in the global smartphone market. Growing adoption of 5G smartphones among consumers drives the market during the forecast period. 5G wireless network is a highly complex technology that requires installing a more significant number of transmitters, antennas, and receivers. This complexity requires more sophisticated RF test equipment for measuring, analyzing, and handling the signal characteristics of each component. Moreover, the growing implementation of 5G wireless technology is increasing the use of RF test equipment for measuring and analyzing different parameters like frequency, power, modulation, and latency. The RF test equipment ensures the optimal performance of 5G networks and devices, fueling the market. The increased complexity, high frequencies, and denser deployment of network components in the 5G infrastructure increase customer adoption of RF test equipment.

Furthermore, 5G networks use massive multiple-input, multiple-output (MIMO) technology, which increases the demand for RF testing equipment for testing multiple antennas simultaneously. 5G technology also uses millimeter-wave technology that operates at extremely high frequencies. RF test equipment can operate at extremely high frequencies to validate millimeter-wave component’s performance. Rapid developments associated with 5G technology and increasing demand for mobile data services drive the market.

RF Test Equipment Market Segmental Analysis:

Based on form, the market is segmented into rackmount, benchtop, portable, and modular. The modular segment is projected to expand during the forecast period, due to the availability of multiple architectural designs, such as Advanced Telecommunications Computing Architecture Extensions for Instrumentation and Test (AXIe), PCI eXtensions for Instrumentation (PXI), and peripheral component interconnect (PCI) Express. They are intended to evaluate testing settings in manufacturing plants and RF device designs and may produce data considerably more quickly than other instruments. Modular signal analyzers are highly demanded by applications that require quick and accurate measurements including large-scale production where quality control, product compliance, and test optimization are crucial. A modular oscilloscope system achieves substantially higher synchronization accuracy using a single integrated trigger circuit to drive the entire system and a single-time base for all acquisition modules. However, the growing usage of modular RF test equipment in various industries including aerospace and defense, telecommunication, and electronics manufacturing, is driving the segment.

RF Test Equipment Market Regional Analysis:

The Aisa Pacific RF test equipment market was valued at US$ XX billion in 2022 and is projected to reach US$ XX billion by 2030; it is expected to grow at a CAGR of XX% during the forecast period. The market in Asia Pacific is expected to dominate soon owing to the presence of well-known connectivity solution providers including Renesas Electronics Corp (Japan), MediaTek Inc (Taiwan), and Huawei Technologies Co Ltd (China). These players are constantly engaged in developing new solutions for their customers, such as growing smartphone subscriptions, which are one of the key factors driving the market in Asia Pacific. Moreover, China is a global manufacturing hub for consumer electronic products, which provides growth opportunities for market players. Growing adoption and rising implementation of 5G technology are creating opportunities in the market. 5G technology service providers such as ZTE Corporation, Huawei Technologies Co. Ltd., Rohde and Schwarz GmbH and Co KG, Telefonaktiebolaget LM Ericsson, Nokia Corporation, and Qualcomm Technologies Inc. are quickly updating their testing infrastructure to fulfill their customers’ requirements of 5G technology. For instance, in July 2022, Rohde and Schwarz GmbH and Co KG launched a comprehensive 5G over-the-air test product for testing Huge MIMO antennas and mmWave.

China is the foremost provider of RF test equipment in the global and Asia Pacific markets due to the presence of high-end technologies for designing, manufacturing, and developing RF testing products, which is driving the market. Moreover, increasing government spending for expanding electronics and semiconductor industries generates significant market opportunities. For instance, in December 2022, the government of China approved the funding of US$ 143 billion for the modernization and promotion of electronics and semiconductor industries. RF test equipment is used to test, measure, and analyze the performance of various devices including smartphones, Bluetooth devices, Wi-Fi routers, integrated circuits (ICs), and others operating within the RF spectrum. These factors are anticipated to fuel the China market during the forecast period.

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RF Test Equipment Market Key Player Analysis:

The market analysis consists of players such as Keysight Technologies Inc, Anritsu Corp, Rohde and Schwarz Gmbh And Co Kg, Tektronix, Inc., Teledyne Technologies Inc, Berkeley Nucleonics Corporation, B&K Precision Corporation, National Instruments Corp, Viavi Solutions Inc, And Teradyne Inc, among the key market players profiled in the report.

RF Test Equipment Market Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the market. A few recent key market developments are listed below:

• In October 2023, Anritsu Corp partnered with AnaPico AG to develop an end-to-end IQ Capture and playback system for RF signals. Anritsu Corp enhances its IQ Signal Master MX280005A PC application to integrated Field Master Pro MS2090A spectrum analyzer for capturing RF IQ signals and then loading the IQ data file into the AnaPico AG VSG for playback within frequency range up to 40 GHz. The IQ data and playback process is an ideal solution for in-depth testing of receivers' responses to a wide range of signals.
• In September 2023, Rohde and Schwarz GmbH and Co KG continued their research by using new dedicated W and D band test solutions for developing 6G and sub-THz. The company is also focusing on advancing RF test and measurement solutions by adding three additional products to its portfolio including a new R&S SFI100A wideband IF vector signal generator, R&S FE110ST/SR TX/RX frontends, and R&S NRP170TWG thermal power sensor.
• In August 2023, Anritsu Corp launched the new RF Conformance Test System ME7873NR Lite Model that supports 5G RF Conformance Test System (5G Sub-6 GHz (FR1) TRx tests). The test system is an efficient and cost-effective solution for 5G services.
• In September 2022, Rohde and Schwarz GmbH and Co KG launched R&S MXO 4 series oscilloscopes with the fastest update rate for over 4.5 million acquisitions per second. The R&S MXO 4 series oscilloscopes are available in four-channel models, with bandwidths ranging from 200 MHz to 1.5 GHz.
• In August 2022, Anritsu Corp expanded its VectorStar Vector Network Analyzer product portfolio by launching the world’s first single sweep VNA-spectrum analyzer. The spectrum analyzer supports a frequency range from 70 KHz to 220 GHz and is highly suitable for effectively testing and verifying active and passive devices.
• In June 2022, TEKTRONIX, INC. launched a 2 Series Mixed Oscilloscope to strengthen its test and measurement equipment portfolio. The 2-Series Mixed Oscilloscope is extremely thin and highly portable and can seamlessly transition from the bench to the field and back.
• In April 2022, Keysight Technologies Inc. launched the M9484C VXG Vector Signal Generator to foster the development of advanced and innovative electronic devices. M9484C VXG Vector Signal Generator is highly suitable for wideband multi-channel mmWave Applications.