Press release
Wireless Testing Market is Expected To Reach USD 16.80 Billion By 2028 at a CAGR of 6.9% - Valuates Reports
The global Wireless Testing Market size is expected to reach USD 16.80 Billion by 2028 from USD 10.48 Billion in 2019, growing at a CAGR of 6.9% from 2021 to 2028.
Major factors driving the growth of the wireless testing market are:
Increase in adoption of smart electronic appliances, rise in advancement in wireless technologies and surge in usage of smart devices is driving the wireless testing market.
The rise in the adoption of smart devices in emerging economies creates growth opportunities for the wireless testing market.
Browse the full report with Table of Contents and List of figures at: https://reports.valuates.com/market-reports/ALLI-Manu-2W64/wireless-testing
TRENDS INFLUENCING THE GROWTH OF WIRELESS TESTING MARKET
Organizations spend a lot of effort and money on network resources to keep networks up and running all of the time in order to supply goods and services at a faster rate. Furthermore, wireless network testing is the most cost-effective method of analyzing the entire network system, which provides bandwidth management to fulfill the business application's needs at a faster rate. This in turn is expected to increase the growth of the wireless testing market.
Over the course of the year, wireless technology has improved for sending voice, data, and video. In addition, the rise of machine-to-machine communication and internet-connected IoT sensors with 24/7 access has further made wireless devices more irreplaceable. Wireless testing evaluates a device's ability to connect with other devices and networks and perform operational tasks using this connection. This feature is expected to drive the wireless testing market during the forecast period.
The increase in the growth of the consumer electronics industry is expected to drive the wireless testing market. In the consumer electronics business, wireless testing is critical. To commercialize, every consumer electronic product must be thoroughly evaluated for functionality, safety, and performance. Different wireless technologies that are incorporated in consumer electronics, such as Bluetooth, cellular, near-field communication (NFC), and Wi-Fi, are tested by testing services providers.
However, the market's expansion is projected to be hampered by a lack of skilled workers and the costs involved.
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WIRELESS TESTING MARKET SHARE ANALYSIS
By technology, the 4G/LTE segment is expected to dominate the market with the highest CAGR of 8.4% during 2021 - 2028.
Based on application, the IT & telecommunication segment is expected to secure the leading position during 2021 - 2028.
Based on region, North America accounted for the highest share, owing to the expansion of the telecom and consumer electronics market. However, the Asia-Pacific region is expected to exhibit the highest CAGR of 9.4% during 2021 - 2028.
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WIRELESS TESTING MARKET KEY SEGMENTS
By Offering
Equipment
Services
Technology
Wi-Fi
Bluetooth
2G/3G
4G/LTE
5G
By Application
Consumer Electronics
IT & Telecommunication
Automotive
Energy & Power
Healthcare
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
SGS Group
Anritsu Corporation
Bureau Veritas
DEKRA SE
Rohde & Schwarz GmbH & Co
Intertek Group Plc
TUV Rheinland
Viavi Solutions Inc.
Electro Magnetic Test Inc.
EXFO Inc.
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