Global RF Test Equipment Market to Garner USD 6.14 BN by 2030, with 6.20% CAGR from 2023 to 2030

The global RF test equipment market is growing rapidly due to the increasing adoption and implementation of RF in communication technology used in various industries. Besides, the growing industrial sector and the increasing presence of small and medium-sized enterprises (SMEs) worldwide drive the market growth. Rising demand for RF test equipment among OEMs and aftermarket players is a major driving force. 

Moreover, the increasing adoption of RF test equipment in automotive, medical, and consumer electronics industries across the globe boosts the market. Market Research Future (MRFR) confirms that the global RF test equipment market value is poised to escalate from USD 3.80 billion in 2022 to USD 6.14 billion by 2030, growing at a 6.20% CAGR during the assessment period(2023-2030).

The spurring rise in the benchtop RF test equipment market defines the growing landscape of this market. The proliferation of smartphones, home appliances, consumer electronics, vehicles, and defense products also fosters the RF test equipment market revenues. Furthermore, the rapid adoption of new technology and a growing focus on IoT and communication technologies boost the RF test equipment market size.

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Global RF Test Equipment Market – Segmentation

The report is segmented into connectivity, form factor, frequency, end-users, and regions. The connectivity segment is sub-segmented into oscilloscopes, spectrum analyzers, signal generators, and network analyzers. The form factor segment is sub-segmented into benchtop, portable, and modular. 

The frequency segment is sub-segmented into less than 1 GHz, 1 GHz – 6 GHz, and more than 6 GHz. The end-user segment is sub-segmented into IT & telecom, automotive, consumer electronics, aerospace & defense, academic & research institutions, medical, industrial, and others. By regions, the RF test equipment market is segmented into the Americas, Europe, APAC, and Rest-of-the-World. 

Global RF Test Equipment Market – Geographical Analysis

North America dominates the global RF test equipment market. Increasing innovations in aerospace & defense technologies and the increasing use of RF equipment in manufacturing industries boost the market size. Besides, the rising adoption of IoT, wireless networking, and 5G network technology development increases the market demand. 

The rising implementation of RF test equipment in IT & telecom, automotive, and healthcare industries substantiates market revenues. Also, the presence of major manufacturers and growing R&D facilities in the region increase the need for RF test equipment further. 

Global RF Test Equipment Market – Competitive Analysis 

Highly competitive, the RF test equipment market appears fragmented, with several well-established players forming a competitive landscape. To gain a larger competitive share, industry players adopt mergers & acquisitions, collaborations, and product/technology development strategies. Substantial investments have transpired to develop products and expand global footprints. Most players adopt organic business strategies, whereas tier I and II companies accentuate the inorganic business strategies to achieve their goals.

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Major Players: 

Leading RF test equipment market players are Teledyne Technologies Incorporated (US), Keysight Technologies, Inc. (US), National Instruments (NI, US), Siemens (Germany), Yokogawa Electric Corporation (Japan), Anritsu Corporation (Japan), EXFO Inc. (Canada), Giga-Tronics Incorporated (US), VIAVI Solutions Inc. (US), Cobham PLC (UK), Chroma ATE Inc. (Taiwan), Fortive (US), Rohde & Schwarz (Germany), B&K Precision Corporation (US), and Atlantic Microwave Ltd (UK), among others. 

Industry/ Innovation/ Related News

Aug. 30, 2023 — Chroma ATE Inc., a leading automated test equipment provider, announced its participation in SEMICON Taiwan 2023. The company will exhibit a range of innovative test solutions based on AI, high-performance computing (HPC), and automotive & AIoT applications, aiming to meet the ever-evolving needs of semiconductor testing.

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