Press release
Wireless Testing Market 2021 Advancements and outlook | SGS Group, Dekra SE, Anritsun Corporation, Keysight Technolgies, Intertek Group PLC,
The Global Wireless Testing Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The wireless testing market is expected to register a CAGR of 6.25% over the forecast period (2020 -2025).
Top Companies in the Global Wireless Testing Market are SGS Group, Bureau Veritas SA, Intertek Group PLC, Dekra SE, Anritsun Corporation, Keysight Technolgies, Rohde & Schwarz GmbH & Co. KG, Viavi Solutions, TUV SUD Akademie GmbH, EXFO Inc. and others.
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Key Market Trends
The IT and Telecommunication Segment to Witness Significant Growth
- In the recent past ten years, the telecommunication industry witnessed a growth in the number of cellular network subscriptions worldwide. Additionally, innovation is moving toward faster and more actively responsive connections. Therefore, the testing equipment is increasingly needed in the span of these domains, starting at the design stage for test and validate the design and at the R&D stage for performing pre-conformance testing, manufacturing built to test, and optimizing the performance of the deployed network with the cellular network.
- LTE is the one of most popular wireless technologies worldwide till date, with the highest number of deployments. In advent to this, due to the evolution of LTE-A and LTE-A Pro (LTE Advanced and LTE Advanced Pro) for offering higher bandwidth range and multi-gigabyte data rates, the vendors are increasingly using these wireless testers for optimizing LTE performance to 4.9G.
- In terms of 5G, the network is rapidly gaining traction in the telecommunication industry, due to its capability to enhance the massive machine-to-machine communication with extremely low latency. Also, the 5G device manufacturers are needed to comply with the latest 5G NR compliance, which is further driving the demand for a wireless tester in the industry. According to 5G Americas, the number of 5G subscribers is estimated to increase from 0.7 million to 1.3 billion by 2023. This is determined to drive the studied markets growth.
North America to Witness the Largest Market Share
- The growing demand for wireless technology in the automotive industry has also surged the need for wireless testing in the industry. Spectrum analyzers are highly being used to meet automotive radar test requirements. The spectrum analyzer is ideal equipment on the production floor for these high-frequency applications. Housing the most prominent global automotive players (13 major automotive manufacturers) and wireless testing vendors, including (Keysight, Viavi, and EXFO, among others) in the region is expected to emerge as a source for innovation, and it is estimated to hold the significant market share.
- According to the American Automotive Policy Council, in the past five years, the exports from the automotive sector were valued at USD 692 billion, and the automotive industry alone contributes to 3% of the regions GDP, which effectively contributes to the growth of the market studied. To gain market share, the companies in the area are actively making product innovations. For instance, The Keysight E8740A automotive radar signal analysis and generation solution facilitates the analysis and generation of automotive radar signals across the 24 GHz, 77 GHz, and 79 GHz radar frequencies, and it possesses the capability to address growing bandwidths of 5 GHz and beyond.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Wireless Testing market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Wireless Testing market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Wireless Testing market.
Market Segments: This part of the report discusses product type and application segments of the global Wireless Testing market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approaches Wireless Testing used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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