The global Radio Test Set Market is estimated to be valued at US$ 1,438.54 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Radio test sets are equipment used to calibrate and measure the performance and operation of radios and radio systems. They help identify issues, verify proper operation, and ensure radio compliance. The growing adoption of wireless technologies and need for performance validation of radios across industries such as aerospace, defense, and telecommunications is driving demand for radio test sets.
Market key trends:
One of the key trends in the radio test set market is the increasing adoption of software-defined radio test sets. Software-defined radio uses software for signal processing instead of dedicated hardware components such as RF filters and oscillators. This provides flexibility and programmability. Software-defined radio test equipment enables testing of multiple radio technologies through software changes instead of hardware replacement. This reduces costs and facilitates quick validation of newer radio technologies. The rising deployment of software-defined radios across commercial and military communications is propelling the demand for software-defined radio test sets.
Segment Analysis
The global radio test set market is segmented by type, application, and end-use industry. Based on type, the modulation domain segment held the largest market share in 2022. Modulation domain test sets are used for measurement of analog and digital signals parameters such as frequency deviation, modulation depth, distortion, and others. They find wide applications in avionics, military, and satellite communications.
Based on application, the (new equipment manufacturing segment held the largest share in 2022 and is expected to witness high growth during the forecast period. Radio test sets are extensively used during the manufacturing, assembly, and installation of new wireless communication systems and equipment to verify radio frequency parameters and performance.
The aerospace & defense industry segment led the end-use industry segment in 2022 owing to high demand for test equipment for verifying aeronautical radio systems across various aircraft types and platforms.
Key Takeaways
The global radio test set market is expected to witness high growth, exhibiting a CAGR of 6.2% over the forecast period, due to increasing demand for test equipment from telecommunications and aerospace & defense industries.
Regional analysis- North America dominated the global market in 2022 and is expected to maintain its dominance during the forecast period. This is attributed to strong presence of major radio test set manufacturers and growing aerospace & defense expenditure in the region. Asia Pacific radio test set market is projected to witness fastest growth owing rapid development of telecommunications infrastructure and rising aviation activity in the region.
The global radio test set market size was valued at US$ 1,438.54 Mn in 2023.
Key players operating in the radio test set market are Anritsu, Keysight Technologies, Rohde & Schwarz, Viavi Solutions, Astronics Test Systems, Libert Electronics, Kontour ETC, Shenzhen Gatesir Technology, Beijing StarPoint Technology, and Good Will Instrument. Anritsu and Rohde & Schwarz collectively account for over 30% of the global market share.
