RF Test Equipment Market worth $4.6 billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Dec. 6, 2022 /PRNewswire/ -- The global RF test equipment market is projected to reach USD 4.6 billion by 2027 from USD 3.5 billion in 2022, growing at a CAGR of 6.1% from 2022 to 2027according to a new report by MarketsandMarkets.
- CHICAGO, Dec. 6, 2022 /PRNewswire/ -- The global RF test equipment market is projected to reach USD 4.6 billion by 2027 from USD 3.5 billion in 2022, growing at a CAGR of 6.1% from 2022 to 2027according to a new report by MarketsandMarkets.
- The increasing deployment of modular equipment with high bandwidth and the improved user interface are major factors driving the growth of the market for oscilloscopes.
- The rising use of 5G technology-based devices has led to a surge in demand for RF test equipment, creating opportunities for market players to launch advanced products suitable for various applications.
- Moreover, China, being a global manufacturing hub for consumer electronic products, provides lucrative opportunities for the providers of RF test equipment.