Frequency Meter Market Size, Share, Opportunities, And Trends By Type (Mechanical Resonance, Electrical Resonance), By Application (Microwave Application, Radio Frequency Measuring, AC Motor Tuning, Audi Frequency Tuning, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jan 2024
- Report Code : KSI061615171
- Pages : 135
The frequency meter market is estimated to grow at a CAGR of 6.78% during the forecast period.
A frequency meter is a part of the test and measurement equipment used to measure the frequency of an electrical signal, and it works by counting the number of cycles of the signal that occur in a unit of time. The different types of frequency meters available are mechanical resonance and electrical resonance, and are used in the microwave, radio frequency measuring, AC motor tuning, and audio frequency tuning applications. The demand for the frequency meter is driven by increasing demand for accurate and reliable frequency measurements in various applications and demand for frequency meters in the aerospace and defense industry.
The increasing telecommunication and satellite communication activities will boost the growth of the frequency meter market.
Telecommunication companies rely on frequency meters to measure the frequency of signals transmitted over wireless networks, such as cellular networks and Wi-Fi networks, and these networks operate at high frequencies, typically in the microwave or radio frequency range, and require precise frequency measurement capabilities to ensure optimal performance and avoid interference with other networks. The growing demand for wireless communication networks, coupled with the increasing complexity of these systems and the deployment of new wireless technologies, such as 5G networks, is expected to drive the growth of the frequency meter market. According to the International Telecommunication Union (ITU), in 2020, there were 5.2 billion unique mobile phone users worldwide, representing 67% of the global population, and the number of 5G mobile subscriptions is expected to reach 3.5 billion by 2026, up from 13 million in 2019. The satellite communication industry is one of the primary users of high-frequency microwave signals, and accurate frequency measurement is essential for the design, development, and operation of satellite communication systems, making frequency meters an important tool to measure the frequency of signals transmitted and received by satellites. The frequency meter market grows as the demand for high-frequency satellite communication systems and the need for high-precision frequency measurement capabilities continue to grow. According to the Satellite Industry Association (SIA), in 2021, there were over 2,800 active satellites in orbit, with an additional 2,000 satellites planned for launch in the next few years. In 2020, the global satellite industry generated $277.4 billion in revenue. This demonstrates that the frequency meter has a great demand in the future.
The Asia Pacific region is expected to hold a significant market share in 2028.
Asia-Pacific region is expected to hold a significant market share due to the development of sophisticated frequency meter technologies and the growing telecommunications, aerospace and defense, and satellite communication industry in economies such as China, Japan, and India. In May 2021, the Chinese government announced the "Digital Infrastructure Development" plan to build more than 600,000 5G base stations and deploy over 10 million 5G base station antennas which require frequency meters to ensure the accurate measurement and monitoring of radio frequency signals. In February 2021, the Indian government announced the establishment of a new space-based communication system for the country's armed forces called the "Indian Armed Forces Secure Accessible and Resilient (IASAR) Communication" to provide secure voice, video, and data communication services to the military and this will raise the demand for frequency meter to measure radio frequency signals. In March 2021, the Japanese government established the "IoT Acceleration Consortium" to promote the development of the Internet of Things (IoT) technology. The use of IoT involves the deployment of wireless communication devices, which require the use of frequency meters to ensure the proper functioning of the devices and to detect any interference that could impact their performance. These factors add to the frequency meter market growth in the Asia Pacific region.
Market Developments:
- May 2021: Rohde & Schwarz introduced the R&S FSW-B8001 frequency meter, designed for signal analysis in the range of 8 GHz to 110 GHz for the satellite communication industry.
- March 2021: Tektronix launched the FCA3000 series of frequency meters, designed for high-precision frequency and time interval measurements, which are important in telecommunications applications.
- January 2021: Anritsu Corporation announced the launch of the VectorStar™ ME7838E Vector Network, which can be used in satellite communication applications that require high-precision measurements of microwave devices and subsystems.
Frequency Meter Market Scope:
Report Metric | Details |
Growth Rate | CAGR of 6.78% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Type, Application, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | ABB Ltd., B&K Precision Corporation, Hoyt Electrical Instrument Works Inc., Keysigth Technologies, Metravi, OMEGA Engineering Inc., Schneider Electric |
Customization Scope | Free report customization with purchase |
Market Segmentation:
- By Type
- Mechanical Resonance
- Electrical Resonance
- By Application
- Microwave Application
- Radio Frequency Measuring
- AC Motor Tuning
- Audi Frequency Tuning
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Other
- North America
Frequently Asked Questions (FAQs)
The global frequency meter market is estimated to grow at a CAGR of 6.78% during the forecast period.
Prominent key market players in the frequency meter market include ABB Ltd., B&K Precision Corporation, Hoyt Electrical Instrument Works Inc., Keysigth Technologies, and Metravi, among others.
The frequency meter market has been segmented by type, application, and geography.
The increasing telecommunication and satellite communication activities will boost the frequency meter market growth.
Asia-Pacific region is expected to hold a significant share of the frequency meter market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. FREQUENCY METER MARKET BY TYPE
5.1. Introduction
5.2. Mechanical Resonance
5.3. Electrical Resonance
6. FREQUENCY METER MARKET BY APPLICATION
6.1. Introduction
6.2. Microwave Application
6.3. Radio Frequency Measuring
6.4. AC Motor Tuning
6.5. Audi Frequency Tuning
6.6. Others
7. FREQUENCY METER MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. UK
7.4.3. France
7.4.4. Spain
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. South Korea
7.6.4. India
7.6.5. Australia
7.6.6. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. ABB Ltd.
9.2. B&K Precision Corporation
9.3. Hoyt Electrical Instrument Works Inc.
9.4. Keysight Technologies
9.5. Metravi
9.6. OMEGA Engineering Inc.
9.7. Schneider Electric
ABB Ltd.
B&K Precision Corporation
Hoyt Electrical Instrument Works Inc.
Keysight Technologies
Metravi
OMEGA Engineering Inc.
Schneider Electric
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