Radio Test Set Market Scope
Radio test set is an electronic device which is used for testing and upgrading the radio systems. The radio test set offers reliable and secure radio communications and thus the market is primarily driven by the increasing demand from industrial, military, aerospace and commercials segments. Also, some of the features of radio test sets such as lightweight, compact design, reduced maintenance and calibration costs boost the global radio test set market.
According to AMA, the Global Radio Test Set market is expected to see growth rate of 4.8% and may see market size of USD600.0 Million by 2026.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Radio Test Set market throughout the predicted period.
Keysight Technologies (United States), Aeroflex (United States), Freedom Communication Technologies (United States), Astronics Test Systems (United States), Kontour ETC (Russia), Rohde & Schwarz (Germany), Anritsu Corporation (Japan) and Beijing StarPoint Technology (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are VIAVI Solutions Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Radio Test Set market by Type (Analog Radio Test Set and Digital Radio Test Set), by Application (Military & Aerospace, Industrial, Telecom and Others) and Region with country level break-up.
On the basis of geography, the market of Radio Test Set has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Surge in technological advancement, and the increasing penetration of the end-use industries
Market Drivers
- Increasing demand from organizations and military branches
- Rising cross-boundary disputes leading to increase in usage of military EW systems
Opportunities
- Surging budgetary expenses in military, and various R&D initiatives
Challenges
- The regulations such as International Traffic in Arms Regulation (ITAR) for manufacture and exports of radio test sets are stringent and thus the market is mostly dominated by the top established players.