Wireless Test Equipment Market Advancement Outlook, Competitive Insights, Significant Futuristic Trends and Opportunities 2022

The global Wireless Test Equipment market was valued at $4.5 billion in 2015, and it is expected to grow at a CAGR of 6.1% during 2016 - 2022. Among the three major types of wireless test equipment, the mobile device test equipment accounted for largest market in 2015.

The global wireless test equipment market has been growing mainly due to the evolution of wireless telecommunication industry. The growing consumer base for mobile data has been further propelling the demand of wireless test equipment.

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The major opportunities that the companies in the wireless test equipment market can take leverage of include growing penetration of long-term evolution (LTE) in the developing countries and prospects from the emerging 5G technology. Most of the developing countries lie in Asia-Pacific and Rest of the World regions. The two regions are expected to account for 49% of the global wireless test equipment revenue by 2022. The market for wireless test equipment is expected to witness highest growth in Asia-Pacific during the forecast period.

GSM/EDGE and UMTS/HSPA technologies. The fixed broadband household and small and medium sized enterprises (SMEs) penetration is low in most part of Asia-Pacific. Mobile broadband is expected to be the major form of broadband access for majority of people in South East Asia and Oceania. This is likely to lay opportunity for operators to fulfill the need for home broadband and SME solutions through alternative access technologies, such as LTE. In 2015, a mere 5% of the total mobile subscriptions in South East Asia and Oceania were LTE. This is expected to cross 40% by 2021. This growth is likely to augment the wireless test equipment market in the region during the coming years.

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The continuous up gradation of the wireless telecommunication is impelling the wireless test equipment providers to enhance their existing offerings. The major players including Ixia, Anritsu and Viavi modified some of their products during 2016.

MARKET SEGMENTATION
By Product Type
Mobile device test equipment
Base station equipment
Drive test equipment
Mobile backhaul and wireless core test equipment

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Some of the key players in the global wireless test equipment industry include Ixia, Rohde & Schwarz, Keysight Technologies, Anritsu, Viavi, Teradyne, Spirent Solutions, Cobham Plc, and National Instruments Corporation.

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This release was published on openPR.