Demand for advanced software solutions to gain traction in the market. Test software solutions are an important part of T&M equipment as they enhance the capability of the equipment to perform a number of applications. Technavio’s analysts have predicted that the frequency counter market will register a CAGR of more than 7% by 2023.
Market Overview Increased demand from LTE technology LTE and LTE-A technologies are major drivers as they are advanced technologies that help to provide access to data transfers at very high speed. Necessity for low-cost and multiple technology solutions The need for constant product development with additional features and technology, positive brand image, aftersales service, and continuous product support has become critical for vendors to sustain in market. All these factors add up to the cost of frequency counter equipment. For the detailed list of factors that will drive and challenge the growth of the frequency counter market during the 2019-2023, view our report.
Competitive Landscape The market appears to be fragmented and with the presence of several companies including B&K Precision Danaher the competitive environment is quite intense. Factors such as the increased demand from LTE technology and the demand for advanced software solutions, will provide considerable growth opportunities to frequency counter manufactures. B&K Precision, Danaher, Keysight Technologies, National Instruments, and ROHDE&SCHWARZ are some of the major companies covered in this report.
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