RF testing market in Asia Pacific to boom

RF testing market forecast
Research firm Frost & Sullivan has revealed the size of the global radio frequency (RF) test and measurement (T&M) market.

Demand from the connected car industry, advancements in wireless standards, and pre-5G and 5G technologies are driving the growth in the RF testing market. Keysight Technologies, Anritsu, among others, are the top T&M suppliers in the global RF testing segment.

The telecom analysis report said RF T&M market is expected to generate over $30 billion in new revenues by 2023.

Asia Pacific will be the largest and fastest growing region for RF T&M technology vendors, with estimated revenues of $1.99 billion by 2023. Asia Pacific’s T&M market will achieve higher growth than other regions, driving its share to 43.2 percent in 2023.

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“Asia Pacific has become the manufacturing hub of the world and holds special importance for vendors, but it is also making inroads in research and development (R&D), which will further increase its importance going forward,” said Jessy Cavazos, Measurement & Instrumentation Industry Director at Frost & Sullivan.

The Asia Pacific region will create significant opportunities for T&M vendors in the aerospace & defense industry.

North America and Europe will benefit from wireless technologies – fuelled by R&D activity around new wireless communications standards, the connected car and Industrial Internet of Things (IIoT).

Latin America, Middle East and Africa segment represents about 5 percent of the total RF testing market revenues.

Adoption of wireless communications standards like LTE and Wi-Fi is driving demand for more RF testing, and important R&D investments are being made in automotive radar and target simulation.

Research on 5G technologies is increasing demand for RF T&M equipment. Demand will go to higher frequencies in the long term to the detriment of the < 8 GHz market.

The penetration of modular electronic instrumentation is expected to continue to align with the multi-channel nature of upcoming end-user technologies; the CAGR from 2016 to 2023 for the modular RF T&M market is 14 percent.

NarrowBand IoT and mobile IoT standards such as Bluetooth Low Energy (BLE), LTE-M and SigFox LoRa will create a new part of the market. This trend translates into an increase in parallel testing and generates a market for low-cost instrumentation.