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Global RF Test Equipment Market 2017-2023: Increasing Deployment of IoT Technology-Based Devices for Various ApplicationsDUBLIN, Jan. 15, 2018 /PRNewswire/ -- The "Global RF Test Equipment Market by Type, Form Factor, Frequency, Application, and Region - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The RF test equipment market is expected to reach USD 3.21 Billion by 2023 from USD 2.32 Billion in 2016, at a CAGR of 4.92% between 2017 and 2023. The major factors driving the growth of the RF test equipment market include the growing adoption of wireless networking in in-building communication systems, rising focus on developing 5G network-based devices, and increasing deployment of IoT technology-based devices for various applications such as telecommunications, automotive, aerospace & defense, and consumer electronics. Moreover, the adoption rate of PXI oscilloscopes is quite high for any test and measurement system due to their ability to acquire and analyze both time- and frequency-doman analog signals and to provide higher accuracy, bandwidth, and signal flexibility compared to traditional benchtop oscilloscopes. The market for RF test equipment having a frequency of more than 6 GHz is expected to grow significantly during the forecast period. With the growing demand for 5G connectivity technology, the demand for RF test equipment with more than 6 GHz frequency is likely to be increased in the coming years. Additionally, various research projects are using potential spectrum above 6 GHz in the telecommunications industry, which boost the growth of this market in the near future. Market Dynamics Drivers
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For more information about this report visit https://www.researchandmarkets.com/research/thdplv/global_rf_test?w=5 Media Contact: Research and Markets |