In a recent published report, Global RF test equipment Market report for till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global RF test equipment Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Radiofrequency (RF) associated with radio waves have the frequency range of 3 hertz to 300 MHZ used for long-range communication. An RF field is an alternating current usually transmitted through an antenna that generates wireless broadcasting or an EMF for communication. The transmitted electromagnetic wave travels through the channel which might be air or water and reach its destination. Radio Frequency (RF) test equipment is used to compute signals that have relatively higher frequency than that of general test equipment capacity to ensure RF components are working properly under electromagnetic environment. With the increasing use of telecommunications devices due to the expansion of technology, surged the demand for RF test equipment. The bottlenecks in this market growth are Design and size of RF test equipment.
RF equipment is used in video broadcasting, telecommunications, satellite communications and radio communications. In addition to their normal function of testing, they also have specialized functions to determine the characteristics of an RF signal. It also has applications in several industrial and healthcare applications.
The market is mainly driven by the growth of telecommunications which is based on radio frequencies that provide wireless connectivity. These RF waves are transmitted and received by the various RF-enabled electronic devices. Hence RF test equipment market surges when the demand for these RF-enabled devices increases. The increasing usage of internet connectivity, Tablets, Mobile phones, Televisions, and microwave ovens are promoting markets for RF-enabled equipment.
The radiofrequency equipment market can be segmented on the basis of:-
Architecture: Hardware, Software, Services
Frequency: Up to 1 GHz-2.1 GHz, Greater than 2.10 GHz
Aerospace and defence, consumer electronics, Information and Communication Technology, Research, Automotive, medical etc
Region: North America, Europe, Asia Pacific, Middle East & Africa, South America
North America and the Asia Pacific occupies the largest market share of RF test equipment market owing to the increase of manufacturing RF-enabled electronic devices coupled with its application in almost all industrial verticals. The United States seems to be matured market for RF test equipment market due to prevailing LTE technology and adoption of LTE-A technology as well. Some nations of South America is also planning to adopt LTE-A technology in the future.
With the increasing adoption of smartphone devices coupled with the advancement of Telecom technologies such as 4G, 5G, LTE-A which are being adopted by smartphone consumers facilitates the market for RF test equipment market. The competition between the vendors of RF test equipment on the grounds of technology, cost, and quality. The local players find difficult to compete with international players due to lack of deep pockets to invest on R&D.
The Key players in the RF test equipment market are Advantest, Anritsu, Agilent Technologies, Rohde & Schwarz and Teradyne etc.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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