RF Equipment System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030
RF test equipment market is expected to increase around 1-2$ billion during the forecast period 2021-2031 with 3-7% CAGR. Owing to the demand of RF equipment surging worldwide in building communication technology in various industries and increasing presence of small and medium enterprises are the factors driving the market growth. Rising adoption of wireless devices is a key growth prospect.
RF test equipment is a device that delivers high frequency signals between RF test equipments and devices. It routes the radio frequency produced by an electronic device by supplying current through an antenna creating an electromagnetic field.
Rising Applications from Automotive Industry
Automotive industry is continuously focussing on inserting technology in vehicles. RF electronic components in automobiles have resulted in much safer, efficient connected vehicles. RF applications when used in new vehicles need a thorough check up by testing transmitter and receiver systems. After the testing is done, vehicle is all set to provide technological comfort. Thus, rise of technology in automotive industries is escalating the sales of RF equipment system.
Limited spectrum and weather impact
Inconsistency of RF based wireless system, sometimes due to low network or due to climatic conditions can have a negative impact on its sales. Wireless communication need bandwidth, strong internet connection inspite of weather conditions. Furthermore, difficulty in installation and high costs are other factors that may inhibit the growth.
Recent developments by the manufacturers are:
Asia Pacific is projected to be holding the largest market share owing to vast population. India is the biggest market for smart phone companies driving the growth of RF equipments in the region. Connectivity solution providers such as Huawei, MediaTek, Sony, etc are based in Asia only. Owing to presence of solution providers and research and development team in Asia is expected to drive the growth during the forecast period too.
By Form Factor
Key Questions Answered
Telecommunication factor, medical sector and aerospace are the segments expected to utilize RF equipments more.
Global Wi-Fi project from SpaceX will require approximately 40,000 satellites into orbit to beam wireless internet globally in Ku and K band range.
Asia Pacific, Europe and North America are the global competitive markets focussing on more and more developments, usage and adoption of new technologies.
Teledyne Technologies (US), Giga-tronics (US), Good Will Instruments (Taiwan), Anritsu (Japan) are some of the companies focussing on research and developments in RF technologies.
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