RF Equipment System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030

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RF Equipment System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030

Status : February, 2022 | Industrial

Report Digest

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.

Competitive Landscape

  • Fortive (US)
  • Keysight (US)
  • Yokogawa (Japan)
  • Teledyne Technologies (US)
  • Giga-tronics (US)
  • Good Will Instruments (Taiwan)
  • Anritsu (Japan)
  • Teradyne Inc
  • Cobham PLC
  • Viavi Solutions, Inc

Recent developments by the manufacturers are:

  • In June 2020, Keysight launched a new family of photovoltaic array simulators delivering 2000V and 20kW of power in a 3U format. The launch enables the engineers to maximise solar power conversion.
  • Yokogawa Electric Corporation and Hirotsu Bio Science Inc. have announced their partnership 1 week ago. The partnership aims to expand the use of HBS’s N-NOSE cancer screening test service. The screening detects cancer utilizing the highly sensitive olfactory sensory functions of nematodes to detect cancer.
  • Giga-tronics in August 2020 has announced the launch of new wide bandwidth RF playback solution for radar and electronic warfare applications particularly designed for military electronics applications. The launch is a part of company’s COMPASS platform (Coherent MultiChannel Playback Acquisition Streaming System).

Regional Outlook

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 Type

  • Oscilloscopes
  • Signal Generators
  • Spectrum Analyzers
  • Network Analyzers
  • Power meters
  • Power sensors
  • Multimeters

By Form Factor

  • Benchtop
  • Portable
  • Modular

By Frequency

  • <1GHz
  • 1GHz to 6GHz
  • >6GHz

By Application

  • Telecommunications
  • Consumer Electronics
  • Automotive
  • Aerospace &defense
  • Industrial
  • Medical
  • Research and Education

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Key Questions Answered

  • Which application segments is project to hold the largest demand?

    Telecommunication factor, medical sector and aerospace are the segments expected to utilize RF equipments more.

  • Which is the SpaceX project requiring RF solutions?

    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.

  • What drivers are there escalating RF equipment market?
    • Adoption of front end modules.
    • Adoption of IoT and 5G technologies.
    • Application in Automobiles.
    • Growing demand for electronic products, vehicles, and defense products.
  • Which regions may lead the market during the forecast period 2021-2031?

    Asia Pacific, Europe and North America are the global competitive markets focussing on more and more developments, usage and adoption of new technologies.

  • List the manufacturers of RF equipment system.

    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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  • How has COVID-19 affected the market?
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