Wireless Testing - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Wireless Testing Market is accounted for $9.45 billion in 2019 and is expected to reach $18.55 billion by 2027 growing at a CAGR of 8.8% during the forecast period. Increasing focus on the development of 5G networks and growing global adoption of smartphones and smart gadgets are the major factors propelling the growth of the market. However, the high cost associated with the establishment of electromagnetic compatibility is hampering the growth of the market.
The wireless technology has constantly evolved over the past decade for communicating, voice, video, and data throughout the globe. The prime objective of wireless testing is the evaluation of the safety and quality of products to assure consumers that a manufacturer has followed international and national regulations and industry standards that ensure environmental protection, product quality, and public health and safety. Moreover, wireless testing also assures consumers that products tested are harmless and safe to use as well as fulfil all performance standards. The wireless testing of products before their deployment is vital to ensure their quality and hence the demand for wireless testing services has increased expressively.
Based on the application, the IT & telecommunication segment is going to have a lucrative growth during the forecast period owing to the rapidly gaining traction in the telecommunication industry. This is due to its capability to enhance the massive man-to-machine communication with extremely low latency. The IT & telecommunication networks comprise various wireless technologies such as wideband code division multiple access (WCDMA), high-speed packet access (HSPA), GSM, code division multiple access (CDMA), WLAN, and Bluetooth. Thus, demand for high-speed data transfer has led to the condition for creating IT & telecommunication infrastructure that caters to the network requirements of advanced technologies such as LET, LTE-A, 4G, and 5G.
By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the increase in the spending of mobile operators and the rapidly growing mobile subscriber base in the region. APAC is witnessing dynamic changes in terms of the acceptance of new technologies across various industries. China, Japan, and India are rising as high growth countries in the wireless testing market owing to an increase in the spending of mobile operators and the rapidly growing mobile subscriber base. In Japan, the growing demand for wireless network testing is primarily attributed to the huge deployments of 4G/LTE networks.
Some of the key players profiled in the Wireless Testing Market include Anritsu, Bureau Veritas, Dekra SE, Electro Magnetic Test, Inc, Eurofins Scientific, EXFO, Intertek, Keysight, Rohde & Schwarz, SGS Group, Spirent Communications, TUV Nord Group, and Viavi Solutions.
Connectivity Technologies Covered:
• Bluetooth Smart/BLE/WLAN
• Global Positioning System (GPS)/ Global Navigation Satellite System (GNSS)
• Aerospace & Defense
• Consumer Electronics
• IT & Telecommunication
• Energy & Power
• Medical Devices
• North America
Rest of Europe
• Asia Pacific
Rest of Asia Pacific
• South America
Rest of South America
• Middle East & Africa
Rest of Middle East & Africa
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