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Global RF Test Equipment Market by Type, Form Factor, Frequency, Application, and Region - Forecast to 2023 - Research and MarketsThe "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 2.41 billion in 2017, 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. However, the requirement of longer timelines and extended R&D for developing new communication technologies inhibit the overall RF test equipment market growth. With the growing demand for 5G connectivity technology, the demand for RF test equipment with more than 6 GHz frequency is likely to be driven. In October 2017, Qualcomm (News - Alert) (US) launched the Snapdragon X50 5G modem chipset. With this launch, the company is able to establish a 5G connection with unprecedented wireless broadband speeds, which is up to 5 gigabits per second download speeds, usig multiple 5G carriersas well as is able to demonstrate over-the-air connection, using a tiny 28 GHz mmWave antenna module. Hence, the market for RF test equipment with more than 6 GHz frequency is expected to grow at the highest CAGR during the forecast period. The market for benchtop RF test equipment held the largest share of ~62% in 2016. The product development phase is very critical and needs equipment with high-precision performance. Benchtop equipment are offered with high-precision capabilities; therefore, they are preferred by the designers in the product development phase. For instance, Keysight (US) offers most advanced and affordable benchtop signal analyzers. Keysight can increase the longevity of its analyzers by increasing its frequency range based on evolving customer needs. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 RF Test Equipment Market, By Type 7 RF Test Equipment Market, By Form Factor 8 RF Test Equipment Market, By Frequency 9 RF Test Equipment Market, By Application 10 Geographic Analysis 11 Competitive Landscape 12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/n7c2d5/global_rf_test?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20180115005356/en/ |
