MarketResearch.biz announces publication of its most recently generated research report titled, “Global RF Test Equipment Market by Equipment Type (Oscilloscopes, Signal Generators, Spectrum Analyzers, Network Analyzers & Other Equipment Types), By Form (Benchtop, Portable & Modular), Frequency (Less than 1 GHz, 1 GHz to 6 GHz & More than 6 GHz), Application (Telecommunications, Consumer Electronics, Automotive & Other Applications), and Region – Global Forecast to 2030.”, which offers a holistic view of the global RF test equipment market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2024) is projected to be over US$ 19.2 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Radio frequency (RF) operates in a bandwidth of around 20kHz to 300GHz, between the upper limit of the audio frequency and the lower limit of the infrared frequency. RF is measured as current or voltage, electromagnetic or electric field, magnetic field, or the oscillation rate of a mechanical system. The equipment used to measure the standard and operating status of various equipment operating within a given range is called radio frequency test equipment. This type of test equipment has been specifically configured to facilitate accurate evaluation of any of these given equipment. Test equipment plays a vital role in the design, development, production and maintenance of specific electronic instruments.
Global RF Test Equipment Market: Market Dynamics
The telecommunications industry is further expanding the field of radio frequency test equipment, which is a major end-use industry, because almost all equipment in this field operates in a wide radio frequency range, most of which are wireless-based communications. This device is used in conjunction with a series of RF-capable devices that operate between pre-set frequencies. As the telecommunications industry has experienced a sharp level of expansion, it is expected that the subsequent use of radio frequency equipment will increase accordingly, thereby complimenting revenue growth opportunities to the global radio frequency test equipment market.
In the automotive field, RF technology is increasingly used for various purposes, such as activating cruise control systems and GPS navigation systems and other characteristic technologies. This is also a major factor that is expected to further improve the overall market prospects of the industry.
The COVID-19 pandemic has also had a negative impact on the continued expansion of the global RF test equipment market, as many regions around the world have been forced to lock down, causing some non-essential industries to either suspend business or operate with minimal staffing. This factor has played a huge role in hindering the respective operational capabilities of the industry. Due to these global blockades, even the option of obtaining appropriate certification processes has been halted, thereby greatly hindering the industry’s revenue growth in the process.
Global RF Test Equipment Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global RF test equipment market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global RF test equipment market is estimated to expand at a moderate CAGR of 6.0% during the forecast period.
Global RF Test Equipment Market: Segmental Snapshot
The market report has been segmented on the basis of component type, application, and region. The type segment includes emulsifiers, leavening agents, enzymes, baking powder & mixes, oils, fats & shortenings, starch, and colors & flavors. The application segment includes biscuits & cookies, cakes & pastries, coating batters, and others. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By equipment type: The oscilloscopes segment is expected to register a CAGR of over 6.9%, thereby accounting for highest revenue share among the type segments.
By form: The benchtop segment is expected to register a CAGR of over 6.8% over the forecast period, thereby accounting for highest revenue share among the form segments.
By frequency: The 1 GHz to 6 GHz segment is expected to register a CAGR of over 6.9% over the forecast period, thereby accounting for highest revenue share among the frequency segments.
By application: The telecommunications segment is expected to register a CAGR of over 6.9% over the forecast period, thereby accounting for highest revenue share among the application segments.
By region: The market in APAC accounted for highest revenue share in the global RF test equipment market in 2020, and is estimated to register a CAGR of over 6.8% between 2020 and 2030.
Global RF Test Equipment Market: Competitive Analysis
The research report on the global RF test equipment market includes profiles of major companies such as Fortive, Keysight Technologies, Inc., Yokogawa Electric Corp, Teledyne Technologies, Inc., Rohde & Schwarz GmbH & Co. KG, National Instruments Corp, Anritsu Corporation, EXFO, Inc, TestEquity LLC, NSI-MI Technologies, Giga-tronics incorporated.
The Global RF Test Equipment Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2030 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global RF Test Equipment Market for 2020–2030.
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