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The frequency counter market size is forecast to increase by USD 810.05 million, at a CAGR of 7.79% between 2022 and 2027.
The growth of the market depends on several factors, including increased demand for LTE technology, growing partnerships with value chain members, and growth of the global connected cars market. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increased demand for LTE technology is notably driving the market growth, although factors such as the high ASP of application-specific frequency counters may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
The increased demand for LTE and LTE-A technology is notably driving market growth. These technologies help in providing access to data transfers faster than 2G or 3G technology. LTE is a 4G technology that provides access to data transfers at very high speeds through smart devices LTE technology is already being used in the US and a few affluent nations in Europe, and it is also being widely embraced by other emerging nations. LTE technology will advance globally due to ongoing modernization.
Telecom companies now offer high-speed connectivity using LTE technology due to increased smartphone usage and demand for web access on smart devices. Due to the rising demand, there is a greater need for frequency counters as testing tools to evaluate the speed and quality of data transfer using this technology. This increases the adoption of frequency counters in the carrier network, which is driving the market in focus during the forecast period.
Significant Market Trend
The proliferation of application-specific frequency counters is the key trend in the market. companies are creating cutting-edge, application-specific solutions to reach clients in all sectors, including aerospace and defense, consumer electronics, and semiconductors. M2M communication is established using both wired and wireless communication technologies in almost all sectors. The complexity of communication networks increases as the number of linked devices rises.
As a result, application-specific T&M solutions are put into practice. companies in the market are launching items as a result based on the specifications of test engineers. Therefore, developing customer-focused application-specific products will fuel the market growth during the forecast period.
Major Market Challenge
The high ASP of application-specific frequency counters is the major challenge impeding market growth. The ASP of frequency counters that handle sampling rates of up to 160 GS/s and bandwidths of up to 60 GHz is extremely high. These frequency counters have a variety of automatic measurement options, including fast Fourier transform (FFT) analysis, advanced waveform math, and measurement statistics, which can be used to examine analog and digital signals. One of the key CAPEX for any industry is the high ASP of the frequency counters.
In order to lower their overall costs, clients prefer to either purchase secondhand instruments or rent/lease the equipment. This is adversely affecting the sales of the new frequency counters in the market.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
National Instruments Corp. - The company offers frequency counters such as FC2700 and FC1000 with 8 digits LED displays as its key offerings. Through its unified segment, the company focuses on providing integrated solutions involving modular hardware and open, flexible software systems, to support evolving test and measurement needs of organizations.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative market research and growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market growth analysis, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth of the communication segment will be significant during the forecast period. The development of the telecom sector is crucial for frequency counters. Rapid growth in the telecom and internet sectors has forced businesses all over the world to upgrade their communication infrastructure. Network operators, equipment producers, and broadband service providers can deliver high-quality triple-play services—voice, video, and data—over mobile and fixed networks with the use of frequency counters. Therefore, the expansion of the telecommunication industry will support the demand for frequency counters.
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The communication segment was valued at USD 251.42 million in 2017 and continued to grow until 2021. The commercial launch of 5G in 2020 and R&D spending in the developing LTE-Advanced (LTE-A) technologies have propelled the telecoms sector's expansion. These projects necessitate extensive 5G trials, and as a result, frequency counter demand rises.
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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Due to the presence of major companies and the rising demand for electronic products, APAC now contributes a sizable amount of market income. A few other important factors driving the expansion of the market in this area include rising R&D expenditures, new wireless standards, higher investments in the military and defense industry, and expansion of the communication sector. The US is one of the largest revenue contributors to the aerospace and defense industry. The growth of this industry necessitates the upgradation of electronics and technology to prevent malfunctioning and damage to equipment, which will thereby increase the need for frequency counters and other test equipment during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides a market research report analysis of the latest market trends and analysis and growth opportunities from 2017 to 2027.
The market is experiencing significant growth, driven by advancements in telecommunication infrastructure and the increasing demand for digitization and automation. Benchtop frequency counters, utilizing the reciprocal counting method, offer accuracy and precision in measuring devices, making them crucial in applications associated with radio frequency engineering. The competition landscape sees technological developments such as wireless technology integration and its relevance in autonomous vehicles. The market embraces benchtop variants, providing competitive pricing strategies that enhance customer retention. As LTE technologies evolve, frequency counter sales markets witness robust expansion. Embedded frequency counters contribute to data analysis and monitoring, catering to diverse end users. This dynamic market reflects the continuous innovation and integration of cutting-edge technologies, ensuring its relevance in the ever-evolving landscape of telecommunications and related industries.
Frequency Counter Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.79% |
Market growth 2023-2027 |
USD 810.05 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.1 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, Japan, Taiwan, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aim and Thurlby Thandar Instruments, Anritsu Corp., B and K Precision Corp., Berkeley Nucleonics Corp., Fortive Corp., Good Will Instrument Co. Ltd., INSEVIS GmbH, ISKRA d.o.o, Keysight Technologies Inc., Madell Technology Corp., National Instruments Corp., OMRON Corp., Saluki Technology Inc., Schneider Electric SE, Selec Controls Pvt. Ltd., Simpson Electric Co. Inc., TE Connectivity Ltd., Tense Elektronik, Texas Instruments Inc., and CIRCUTOR SAU |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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