RF Test Equipment Market by Type (Spectrum Analyzer, Signal Generators, Network Analyzer), Form, Frequency Rage, End User (Automotive, Consumer Electronics, Aerospace & Defense), and Geography - Global Forecast to 2031

RF Test Equipment Market Size & Forecast

The RF Test Equipment Market to reach $5.4 billion by 2031 at a CAGR of 6.3% during 2024–2031. The growth of the RF test equipment market is driven by the growing adoption of wireless systems in commercial and residential buildings, the growing adoption of 5G compatible devices, and the rising adoption of IoT-connected devices. However, the extended longevity of communication systems restrains the growth of the RF test equipment market. Furthermore, the growing adoption of RF test equipment in the aerospace & defense sector, increasing adoption of wireless devices, and rising adoption of RF test equipment in automotive applications are expected to create growth opportunities in the market. However, one of the major challenges for the players operating in this market is the requirement of high capital for R&D activity.

Growing Adoption of RF Test Equipment in the Aerospace & Defense Sector

In the aerospace and defense sector, RF testing equipment plays a crucial role in ensuring the reliability and performance of communication systems, radar systems, and electronic warfare systems. RF testing equipment includes tools like spectrum analyzers, signal generators, and vector network analyzers to verify and optimize RF components and systems. In aerospace and defense applications, RF testing equipment is used to maintain communication integrity and electronic countermeasure effectiveness.

The growing adoption of RF test equipment helps to identify and mitigate interference issues that help to maintain clear and secure communication channels in military and aerospace applications. The aerospace and defense sector operates under strict regulations and standards. The RF testing ensures that equipment complies with regulatory and industry standards with better quality and safety. With the increasing use of RF test equipment, several RF test equipment providers are launching equipment that helps to increase the growth of this market in the aerospace and defense sectors during the forecast period.

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Some of the recent developments of RF test equipment in the aerospace and defense sector are as follows:

• In November 2023, EDGE Group PJSC (UAE), a leading and fastest-growing advanced technology and defense group, launched X RANGE, the first international defense, aerospace, and commercial products testing, evaluation, and training ground facility in the GCC region. The range will provide exclusive, end-to-end, and state-of-the-art testing services and facilities for platforms, systems, and subsystems across the air, land, sea, and electronic warfare (EW) domains.
• In July 2023, Keysight Technologies, Inc. (U.S.) expanded its FieldFox portfolio with the new N9912C FieldFox Handheld Analyzer, a software-defined radio frequency (RF) testing platform for aerospace and defense that offers field engineers more than 20 vector network analyzer (VNA), cable and antenna tester (CAT), and spectrum analyzer (SA) options for upgrade and download.

Key Findings in the Global RF Test Equipment Market Study:

The Spectrum Analyzer Segment to Register the Higher CAGR

Based on type, the spectrum analyzer segment is projected to register the highest CAGR during the forecast period. The growing adoption of 5G compatible devices, high adoption of portable devices, growing use of spectrum analyzers in the IT & telecommunication sector, and rising need for accurate and reliable RF testing equipment are expected to support the growth of this segment.

The Modular Segment to Register the Higher CAGR

Based on form, the modular segment is projected to register a higher CAGR during the forecast period. The rising need for fast and high-quality measurements, such as large volume manufacturing, wherein checking quality control and product performance, and the rising adoption of modular RF testing devices in manufacturing plants, are expected to support the growth of this segment.

The Consumer Electronics Segment to Register the Higher CAGR

Based on end user, the consumer electronics segment is projected to register the highest CAGR during the forecast period. The increasing use of smartphones, rising adoption of spectrum analyzers, and increasing use of benchtop and modular RF testing devices are supporting the growth of this segment.

Asia-Pacific to Be the Fastest Growing Market

In 2024, Asia-Pacific is expected to account for the largest share of the market in global RF test equipment market, followed by North America, Europe, Latin America, and Middle East & Africa. Moreover, the Asia-Pacific market is projected to register the highest CAGR during the forecast period. The growing smartphone connections, growing adoption of wireless systems in commercial and residential buildings, and increasing adoption of wireless devices, are also contributing to the growth of the RF test equipment market in Asia-Pacific. In addition, the growing adoption of 5G compatible devices, rising adoption of RF test equipment in automotive applications, and increasing implementation of technologically advanced spectrum analyzers in countries including India, China, and Japan are propelling regional market growth.

RF Test Equipment Market: Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market participants in the last 3–4 years. The key players operating in the RF test equipment market are Keysight Technologies, Inc. (U.S.), Rohde & Schwarz (Germany), Tektronix, Inc. (U.S.), EMONA Instruments Pty Ltd. (Australia), Tabor Electronics Ltd. (Israel), AnaPico AG (Switzerland), Anritsu Corporation (Japan), VIAVI Solutions Inc. (U.S.), B&K Precision Corporation (U.S.), Atlantic Microwave Ltd. (U.K.), Berkeley Nucleonics Corporation (U.S.), and Yokogawa Electric Corporation (Japan).

RF Test Equipment Market Report Summary:

Key questions answered in the report: