With a CAGR of 6.1% over the projected period, the RF Test Equipment Market is anticipated to increase from USD 3.5 billion in 2022 to USD 4.6 billion by 2027. The market for RF test equipment is expanding as a result of increased 5G network rollout, rising smartphone and other wireless device use, and rising demand for wireless networks. Along with the increasing complexity of wireless networks, the demand for effective testing and measurement of wireless devices and components is also boosting market expansion. Type, form factor, frequency range, application, end-use industry, and location are used to segment the market.Due to the presence of multiple significant players and the widespread adoption of cutting-edge wireless technology in these regions, North America and Europe are the two largest geographical markets for RF test equipment.

One of the main factors propelling the growth of the RF Test Equipment Market is the rising adoption of wireless systems in residential and commercial buildings, rising number of smartphone subscriptions, rising use of 5G-compatible devices, and growing number of IoT-connected devices. Due to the expanding complexity of wireless networks, there is an increased demand for effective testing and measurement of wireless devices and components. The market for RF test equipment is significantly influenced by the rollout of 5G networks. The faster speeds and lower latency of 5G networks call for more thorough testing and verification. The market for RF test equipment is also expanding as a result of the growing need for wireless communication and the uptake of cutting-edge wireless technologies like Wi-Fi, Bluetooth, and ZigBee. Due to the presence of numerous large companies and the widespread adoption of cutting-edge wireless technologies in these regions, North America and Europe are likely to be the major markets for RF test equipment over the forecast period.

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The key market players in the RF test equipment market include Keysight Technologies, Inc. (US), Anritsu Group (Japan), Rohde & Schwarz (Germany), Tektronix, Inc. (US), Teledyne Technologies Incorporated (US).

Increasing use of 5G-compatible devices

The demand for RF test equipment, which is used to build and test 5G network-based products, is being driven by the rising use of 5G-compatible gadgets. The need for 5G-compatible devices has increased across a number of industries, including manufacturing and telecoms. In research and development labs, the need for RF test equipment has increased as a result of the development and testing of 5G network-based devices. The market for RF test equipment made for cutting-edge telecommunication applications and 5G devices is anticipated to grow as a result of the rapid advancements in 5G technology and the ensuing rise in demand for mobile data services, significant adoption of machine-to-machine (M2M) communication technology in industries, and the increased need for superior network coverage.

RF test equipment market for consumer electronics to account for the largest market share during forecast period

During the projection period, the consumer electronics RF test equipment market is anticipated to hold the biggest market share. This is linked to the growing uptake of 5G and the impending 6G technologies, which are anticipated to enhance data transmission rates and demand for RF components included into smartphones. In addition, it is anticipated that the market for RF test equipment for consumer electronics would benefit from the rising popularity of smartphones and the demand for high-speed data transfer rates. One of the main factors propelling the growth of the consumer electronics RF test equipment market is the rise in demand for high-speed internet access as well as the expanding use of consumer electronics devices like smartphones, tablets, and laptops.

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Product releases and developments have been the main strategies used by leading competitors to acquire a competitive edge in the RF Test Equipment Market. Between January 2014 and October 2017, these tactics made up 75% of all growth strategies used by significant players. Companies have adopted these tactics as a result of the research and development efforts related to RF test devices for 5G product testing and manufacturing. In addition, businesses concentrate on contracts, purchases, and partnerships to increase their product line, sales, and distribution system. Companies may expand their market shares and solidify their positions in the RF Test Equipment Market by implementing these methods.

In 2014, Agilent Technologies separated Keysight Technologies as a separate, publicly traded business. To help with its growth plans, the company purchased Electroservices Enterprises Limited and Anite, two significant acquisitions. To strengthen its position as the industry leader in electrical design and test, Keysight's primary strategies include product introductions and developments. To serve the market for 5G, aerospace, and defence communication applications, the business introduced the M9383A PXIe in 2017, an analogue and vector signal generator with a frequency coverage up to 44 GHz and modulation bandwidth up to 1 GHz.

Through its two main businesses, Tektronix and Fluke, Fortive, a publicly traded firm, engages in the RF test and measurement industry. Oscilloscopes, analyzers, signal generators, sources, and supplies, metres, video test apparatus, switching systems, and data collection systems are among the products that Tektronix principally produces. Spectrum management, interference detection, wireless and RF, radar and electronic warfare, as well as analog/digital design and debug, are among the applications for which Tektronix provides solutions. The company, which concentrates on RF testing device development, introduced the TTR500 series of vector network analyzers in April 2017 to broaden its line of USB-based RF test instruments with an emphasis on the IoT design market. Following its split from Danaher, Fortive was established as a standalone public corporation in 2016. Its Tektronix division sells spectrum analyzers.

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