Over the Air (OTA) Testing Market to Grow at 7.2% CAGR to Reach US$ 1,721.2 Mn by 2027 Led by Key Players Anritsu Corporation, Bureau Veritas SA, Cetecom GmbH, Eurofins Scientific

The purpose of this comprehensive forecast report presented by The Insight Partners is to elaborate the various market projections impacting the global Over the Air (OTA) Testing Market size during the period through 2018-2028. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the Over the Air (OTA) Testing Market during the forecast period.

The global OTA testing market accounted to US$ 913.7 Mn in 2018 and is expected to grow at a CAGR of 7.2% during the forecast period 2019 – 2027, to account to US$ 1,721.2 Mn by 2027.

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The major players operating in the market for OTA testing market are Anritsu Corporation, Bureau Veritas SA, Cetecom GmbH, Eurofins Scientific, Intertek Group Plc, Keysight Technologies Inc., ROHDE & SCHWARZ GmbH & Co. KG, SGS SA, TUV Rheinland AG, and UL LLC among others.

The OTA testing helps in ensuring proper performance of a device for which they are intended to be. OTA test has its significance as it helps in determining the performance of a wireless device in the real world. For instance, a tablet with improperly placed antennas might undergo through low LTE downlink and uplink speeds, primarily when the device is held incorrectly. The OTA tests are conducted to verify certain products as per the set standards. The M2M and IoT device manufacturers uses OTA certified products for their wireless devices. OTA Testing is an approach which is used to foresee the consistency and performance of a wireless device in the consumer market.

Moreover, the global consumer electronics industry is growing owing to continuous rise in demand of consumer electronic products such as advanced television sets. An emergence of next-gen TV sets is forecasted to nurture the business of OTA testing. The market share for 4KTVs and 8KTVS is expected to increase, which has the potential to assist in generating more revenue for the manufacturers and providers of both televisions and OTA testing, respectively. In North America pertaining to the high standard of living, the customers are also showing their interest in upgrading their existing TV sets with high-resolution 4K LCD TVs. The trend is predicted to pitch over the period leading to a huge opportunity for the OTA testing players.

The report segments the global Over the Air (OTA) Testing Market as follows:

Global OTA Testing Market – By Technology
• CDMA
• GSM
• UMTS
• LTE
• 5G

Global OTA Testing Market – By Type
• Hardware
• Services

Global OTA Testing Market – By Frequency Range
• 1 GHz
• 20 - 30 GHz
• 40-60 GHz
• 70 GHz and above

Global OTA Testing Market – By Application
• Home Automation
• Mobile Payment System
• Utilities Management System
• Traffic Control System
• Others

Global OTA Testing Market – By End User
• Aerospace & Defense,
• Consumer Electronics
• Automotive
• Logistics & Transportation
• Healthcare
• Others

The OTA testing market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America region holds the highest market share, whereas the Asia Pacific is projected to be the fastest-growing region as well in the coming years. The APAC region consists of many developing countries which experiences continuous growth in the electronics industry. Due to a rise in the disposable income of individuals, demand for advanced consumer electronics such as smart wearable, smartphones, tablets are increasing. This factor helps the entire electronics industry of the region to boom and henceforth, assists in accelerating the business opportunities for OTA testing providers. This would ultimately boost the business of OTA testing market.

Key Insights that the report covers:
• Key drivers, restraints, and prevailing trends
• Market size, growth rate, and opportunities
• Market share and position of the top players
• PEST Analysis of the five major regions
• Detailed SWOT analysis of top 10 companies
• Recent developments and new product launches
• Major challenges faced by the market players

The OTA testing market by application is segmented into home automation, mobile payment system, utilities management system, traffic control system, and others. The home automation application holds a significant share in the market and is expected to continue its dominance in the forecast period as well. The scope of home automation is gaining momentum in recent years attributed to higher simplicity and affordability through tablet and smartphone connectivity. Also, the players in the value chain of the home automation market are targeting such smart gadgets for assimilating their smart appliances. By technology, the market is segmented into CDMA, GSM, UMTS, LTE, and 5G. LTE technology OTA testing holds the largest market share in the market, and 5G is anticipated to grow at the highest CAGR during the forecast period.

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This release was published on openPR.