The RF Test Equipment Market is estimated to be worth USD 3.5 billion in 2022 and is projected to reach USD 4.6 billion by 2027, at a CAGR of 6.1% during the forecast period. Increasing number of smartphone subscriptions, surging adoption of wireless systems in residential and commercial buildings, and growing use of 5G-compatible devices are some of the major factors driving the RF test equipment market growth.