- Research And Markets conducted a market survey of RF test equipments according to type, form factor, frequency covered, applications and regions.
- According to Research And Markets, the market for RF test instruments is expected to reach $3.2 billion by 2023, compared to $2.4 billion in 2017, an average annual growth rate of almost 5% between 2017 and 2023.
- In 2016, benchtop instruments accounted for 62% of the RF test market.
The main drivers of growth in the RF test equipment market include the growing deployment of wireless networks, the development of communications systems to the future 5G standard, and the expected development of IoT applications implementing connected objects.
However, according to the research institute, the long delays required for R&D and the development of new communication technologies slow down the growth of the RF test market.
Given the expected deployment of 5G technology in mobile telephony, the market for test and measurement solutions operating at frequencies above 6 GHz should be stimulated. According to the research institute, it is expected to grow at a rate higher than the average rate estimated over the forecast period.