RF Test Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers RF Test Equipment Manufacturers and the Market is segmented by Type (Modular GP Instrumentation, Traditional GP Instrumentation, Semiconductor ATE, Rental GP), Components (RF Analyzers, RF Oscillators, RF Synthesizers, RF Amplifiers, RF Detectors), End-user Industries (Telecommunication, Aerospace & Defense, Consumer Electronics, Automotive), and Geography.

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RF Test Equipment Market Size

RF Test Equipment Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 0.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

RF Test Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order
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RF Test Equipment Market Analysis

The RF Test Equipment market registered a CAGR of 5.32% over the forecast period 2021 - 2026. Radiofrequency (RF) test equipment is used to compute signals at a higher frequency range than that supported by any other general test equipment. Along with standard measurement functionality, they also have specialized functions to determine the characteristics of an RF signal (radio waves transmitted within the frequency range of 3 hertz to 300 megahertz). Presently, the RF test equipment market is mainly driven by increasing communication applications of RF such as cellular, radio telecommunication, broadband, satellite, radar, and navigation.

  • Upgrading the transport network includes the cost of equipment and services and requires at least 30% of the overall project cost. This high cost is mainly due to the high price of equipment for the optical transport-based network. The growing LTE adoption in Asia-Pacific is also driving the studied market growth. Operators in the region added 656 million new LTE subscriptions in the twelve months to the end of Q1 2018, representing a 46% growth rate. The Asia-Pacific now accounts for 65% of all LTE subscriptions worldwide.
  • As RF based Radar is a valuable tool used in many applications from traffic enforcement to air traffic control and military applications, hence growing advancements in the field will also generate the need for study market's products. Wireless Gigabit(WiGig) is one of the latest and emerging technologies (IEEE 802.11ad) that works in the bandwidth of 60GHz and delivers up to 7 Gbit/s (20 times faster than IEEE 802.11n standard connection). The development in this market will also increase the speed and applications for the studied market.
  • The growing 5G adoption also brings huge opportunity into the market. But most vendors need to upgrade or develop testing equipment, which is compatible with the 5G technology. For instance, Rohde & Schwarz offers comprehensive over-the-air (OTA) test solutions to pave the way for mmWave and massive MIMO antennas. The emergence of Industrial Internet of Things (IIoT) and machine-to-machine (M2M) communication solutions is also expected to boost the growth further of the studied market, especially for telecommunications applications.

RF Test Equipment Market Trends

This section covers the major market trends shaping the RF Test Equipment Market according to our research experts:

The Growing Demand for RF Enabled Consumer Electronics have also been Promoting the Growth of the RF Enabled Components.

  • The rising demand for internet connections and RF-enabled consumer electronics, such as laptops, mobile phones, tablets, microwave ovens, and televisions among others have also been encouraging the growth of the RF-enabled components. This, in turn, has been further strengthening the growth of RF testing equipment.
  • Huge adoption rates of smartphones and other modules have exceedingly increased data traffic. Data traffic and the number of the data centers are expanding due to the surging bandwidth consumption for a broad variety of applications and services resulting in increased data handling.
  • Mobile operators are continuously upgrading the quality of their services by monitoring and controlling the output power transmitted and analyzing interpreting them with the help of excellent sources. With LTE-A standard becoming a norm, sufficing consumers’ demand, ensuring greater coverage and providing quality services is the prime focus of firms in this sector.
RF Test Equipment Market: Size of the Global Market for Passive/Radio Frequency (RF) Components in Vehicles from 2015 to 2050 (in Million US Dollars)

North America Leading in Technological Advancements and Demand for RF Test Equipments

  • Augmented demand from telecommunication and consumer electronics sector is the principal factor driving the market. Having test equipment with exceptional technologies integrated into it has been a boosting factor to the telecom industry in North America. 
  • The North America region is predicted to contribute massively to the global market owing to the presence of various instrumentation and testing tools manufacturers. The high adoption rates of latest smartphones conforming to the latest wireless standards are expected to bode well for the region.
  • In addition, demand from telecommunication and consumer electronics in North American companies can fuel market demand. High data traffic witnessed in the region and penetration of modular instruments are likely to augur well for the region.
  • The United States, being a mature market for RF testing equipment, stands tall in this region, due to the popularity of LTE and LTE-A technology. Data traffic in North America is increasing day by day, and as a result, the market in this region is expected to attain substantial growth   with more connections at a higher data traffic rate 
RF Test Equipment Market - Growth Rate by Region (2019 - 2024)

RF Test Equipment Industry Overview

TheRF Test Equipment Marketis moderately competitive and consists of several important players. In terms of market share, few of the major players currently dominate the market. With data-driven processes about to grow exponentially, IoT enterprises, smart manufacturing, and operators can benefit from this move tremendously and change their strategy accordingly to gain a larger clientele.

  • June 2019 -Anritsu Company introduces a 43.5 GHz frequency option for its 2- and 4-port ShockLine MS46122B, MS46322B, MS46522B, MS46524B vector network analyzers (VNAs) with guaranteed specifications using Anritsu’s Extended-KTM type connectors and components. The ShockLine family becomes the first VNA to support specified 43.5 GHz functionality in a K-connector environment, creating distinct cost-of-test and time-to-market advantages in high-frequency applications, including 5G, satellite, and signal integrity.
  • January 2019 - Teradyne, Inc. and the shareholders ofLemsys SA(“Lemsys”) announced the acquisition of privately held Lemsys of Geneva, Switzerland. The company will remain in Geneva with current management and staffing. Lemsys is a leading global provider of test equipment for the high power semiconductor industry, serving the emerging and growing power discrete device and module market aligned to electric vehicles, wind and solar power generation, and high power industrial applications.

RF Test Equipment Market Leaders

  1. Keysight Technologies, Inc.

  2. Viavi Solutions, Inc.

  3. Yokogawa Electric Corporation

  4. Teradyne Inc.

  5. Cobham PLC

*Disclaimer: Major Players sorted in no particular order

RF Test Equipment Market Concentration
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RF Test Equipment Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 High Penetration Rate Modular Instrumentation

      2. 4.3.2 Rapid Increase in Data Traffic with Increasing Adoption of LTE-A

      3. 4.3.3 Adoption of 802.11Ac and Mimo Technologies

    4. 4.4 Market Restraints

      1. 4.4.1 RF Design, Flexibility and Size Issues of the Equipment

      2. 4.4.2 Evolving RF Standards

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Modular GP Instrumentation

      2. 5.1.2 Traditional GP Instrumentation

      3. 5.1.3 Semiconductor ATE

      4. 5.1.4 Rental GP

      5. 5.1.5 Other Types

    2. 5.2 By Components

      1. 5.2.1 RF Analyzers

      2. 5.2.2 RF Oscillators

      3. 5.2.3 RF Synthesizers

      4. 5.2.4 RF Amplifiers

      5. 5.2.5 RF Detectors

      6. 5.2.6 Other Components

    3. 5.3 By End-user Industry

      1. 5.3.1 Telecommunication

      2. 5.3.2 Aerospace & Defense

      3. 5.3.3 Consumer Electronics

      4. 5.3.4 Automotive

      5. 5.3.5 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Latin America

        2. 5.4.4.2 Middle-East & Africa

      5. 5.4.5 Latin America

      6. 5.4.6 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Keysight Technologies, Inc

      2. 6.1.2 Rohde & Schwarz GmbH & Co KG

      3. 6.1.3 Viavi Solutions, Inc.

      4. 6.1.4 Yokogawa Electric Corporation

      5. 6.1.5 Teledyne Technologies, Inc.

      6. 6.1.6 Teradyne Inc.

      7. 6.1.7 Cobham PLC

      8. 6.1.8 Gigatronics Inc.

      9. 6.1.9 Anritsu Corporation

      10. 6.1.10 TESSCO Technologies, Inc.

    2. *List Not Exhaustive

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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RF Test Equipment Industry Segmentation

Radiofrequency (RF) test equipment is used to compute signals at a higher frequency range than that supported by any other general test equipment. Along with standard measurement functionality, they also have specialized functions to determine the characteristics of an RF signal (radio waves transmitted within the frequency range of 3 hertz to 300 megahertz).  

By Type
Modular GP Instrumentation
Traditional GP Instrumentation
Semiconductor ATE
Rental GP
Other Types
By Components
RF Analyzers
RF Oscillators
RF Synthesizers
RF Amplifiers
RF Detectors
Other Components
By End-user Industry
Telecommunication
Aerospace & Defense
Consumer Electronics
Automotive
Other End-user Industries
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa
Latin America
Middle East & Africa
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RF Test Equipment Market Research FAQs

The RF Test Equipment Market is projected to register a CAGR of 0% during the forecast period (2024-2029)

Keysight Technologies, Inc., Viavi Solutions, Inc., Yokogawa Electric Corporation, Teradyne Inc. and Cobham PLC are the major companies operating in the RF Test Equipment Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in RF Test Equipment Market.

The report covers the RF Test Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the RF Test Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

RF Test Equipment Industry Report

Statistics for the 2024 RF Test Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. RF Test Equipment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

RF Test Equipment Market Report Snapshots

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RF Test Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)