- Technavio offers a global market study of frequency counters covering the period 2019-2023.
- This market, estimated at $620 million in 2018, is expected to grow at a compound annual growth rate of more than 7% between 2019 and 2023.
This study also analyses the trends that are expected to impact the global frequency counter market over the period 2019-2023.
Frequency measurements, which are essential in particular for assessing the quality of cellular telecommunications networks, will intensify due to technological developments and the deployment of 5G standard communication solutions by 2020. The need to measure RF signals transiting wireless networks will lead to an increasing use of frequency counter to check the quality of services and connectivity.
This study segments the market by sector of use (communication, aerospace and other), type of instruments ((bench-top and portable) and geographic region: Americas, Asia Pacific (APAC), and EMEA (Europe, Middle East and Africa).
In 2018, the communications sector had the largest market share (29%). It is expected to continue to dominate the global frequency meter market throughout the forecast period.
The American continent accounted for the largest share of the market in 2018 (42%), followed by APAC and EMEA respectively. It is expected to continue to dominate the market between 2019 and 2023.