Regional Analysis

Global Radio Test Set Market: Regional Insights

On the basis of region, the global radio test set market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America and Europe held the largest market share in terms of revenue in 2018 for global radio test set market. The growth in these regions is mainly attributed by the presence of leading market players such as Aeroflex Incorporated, Keysight Technologies, Rohde & Schwarz, Freedom Communication Technologies, and Astronics Test Systems. These players are continuously focusing on development of new and improved radio test set to fulfill the requirement of military sector. For instance, in 2017, Astronics Test Systems (ATS) launched new addition to PXI Integration Platform product family. The ATS-3100 Radio Test Set (RTS) is designed to test legacy and modern military tactical radios using a single platform.

Further, Asia Pacific emerged as the fastest growing region in terms of revenue for global radio test set market in 2018, owing to high defense expenditure and increasing demand for advanced radio system in the emerging economies of the region such as China, India, and other Southeast Asian countries. For instance, according to a report from Trading Economics, in 2018, China raised its defense budget around US$ 175 billion, which was increased by 8.1% from the previous year. Moreover, in India, the total military budget for the year 2018 was accounted for US$ 43.4 billion.