Wireless Testing Market Latest Industry Trends, Statistics, Competition Strategies and Latest Industry Share by 2027, The Insight Partners

According to our latest market study on "Wireless Testing Market to 2027 - COVID-19 Impact and Global Analysis and Forecast - by Offering (Equipment and Services), Technology (Bluetooth, Wi-Fi, GPS, 2G/3G, 4G/LTE, and 5G), and Application (Consumer Electronics, Automotive, IT and Telecommunication, Energy and Power, Medical Devices, Aerospace and Defense, Industrial, and Others)," the market was valued at US$ 11,616.2 million in 2021 and is projected to reach US$ 17,379.7 million by 2027; it is expected to grow at a CAGR of 6.8% from 2021-2027.

The global wireless testing market is segmented based on offering, technology, and application. Based on offering, the wireless testing market is segmented as equipment, services. Equipment type includes wireless device testing (oscilloscope, signal generators, spectrum analyzers, and network analyzers) and wireless network testing (network testers, network scanners, and OTA testers). Based on technology, the market is segmented as Bluetooth, Wi-Fi, GPS, 2G/3G, 4G/LTE, and 5G. Based on application, the market is segmented as consumer electronics, automotive, IT and telecommunication, energy and power, medical devices, aerospace and defense, industrial, others (research, education, and government).

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The prime objective of wireless testing is to evaluate the safety and quality of products to assure consumers that a manufacturer has followed international and national regulations and industry standards that ensure product quality, environmental protection, and public health and safety. Moreover, wireless testing also assures consumers that products tested are harmless and safe to use and fulfill all performance standards. In order to ensure their quality, the wireless testing of products before their deployment is essential; therefore, the demand for wireless testing services has explicitly increased. Recent developments in wireless technologies such as 4Gand 5G and the adoption of advanced product production/manufacturing techniques are some of the main factors driving the growth of the wireless testing market. Increasing advancement in wireless technologies such as NFC (Near-Field Communications), Bluetooth, and Wi-Fi is propelling the wireless testing market's growth. Growing developments in technologies such as AI, IoT, etc., are expected to generate several wireless testing market opportunities during the forecast period.

The Key Players In The Global Wireless Testing Market Are:

•Anritsu
•Bureau Veritas
•Dekra Certification B.V
•EXFO
•Intertek Group Plc
•Key Technologies
•Rohde & Schwarz GmbH & Co
•SGS SA
•TUV Rheinland
•Viavi Solutions Inc

COVID-19 Impact on Wireless Testing Market

The global electronic & semiconductor industry is one of the major industries suffering serious disruptions due to the coronavirus crisis. COVID 19 is impacting the growth of the global wireless testing market. Factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have negatively impacted the wireless testing market.

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The Segments and Sub-Section of Wireless Testing Market are shown below:

By Offering (Equipment and Services)

By Technology (Bluetooth, Wi-Fi, GPS, 2G/3G, 4G/LTE, and 5G),

By Application (Consumer Electronics, Automotive, IT and Telecommunication, Energy and Power, Medical Devices, Aerospace and Defense, Industrial, and Others)

The report highlights the key factors driving the market growth, and prominent players and their developments in the market.

Adoption of smart devices and rise in investment by governments toward Internet of Things (IoT) initiatives are propelling the growth of IoT devices. Countries, such as Singapore, Japan, China, and Australia, are taking initiatives based on R&D and are supporting IoT installation in manufacturing, utilities, and retail. Due to the high rate of adoption of IoT devices, testing is considered a crucial factor in all phases of product lifecycle to ensure proper functionality, long battery life, and high performance. Thus, vendors are procuring wireless testing solutions to ensure products are of the finest quality in order to enhance customer satisfaction. Companies are highly involved in designing wireless testing solutions for cloud and IoT devices. For instance, Element Materials Technology offers testing services for IoT devices. Its IoT testing services cover a broad range of wireless devices-such as Wi-Fi, cellular radios, RFID, ZigBee, and Bluetooth devices-with customers from consumer & home, healthcare & life sciences, buildings transportation, energy, industrials, and IT & networks industries.

Several countries are highly investing in the deployment of 5G networks for high-speed internet. For instance, in September 2019, telecom operators, such as Reliance Jio, Airtel, and Vodafone Idea, invested US$ 30.5 billion to introduce 5G services in India. Additionally, in July 2020, South Korea-based mobile operators SK Telecom, KT, and LG Uplus have invested a total of US$ 22 billion through 2022 to accelerate 5G infrastructure across the country. With such a huge focus on 5G development, the network is expected to demand wireless testing solutions in order to avoid a network failure. In July 2019, Viavi Solutions collaborated with Samsung Electronics to test the 5G network performance. Samsung selected its TM500 Network Tester and TeraVM 5G Core Emulator to authenticate the performance of 5G network equipment. Such collaborations boost the advancements in 5G commercial services. In December 2019, Anritsu Corporation declared that Rakuten Mobile, Inc. had implemented its 5G NR test solution for 5G New Radio (5G NR) acceptance tests. In September 2020, Viavi Solutions offered 5G test solutions to the China Mobile Research Institute. Hence, growing potential of 5G and massive adoption of testing solutions by numerous companies would propel the market growth during the forecast period.

According to the Regional Segmentation the Events Market provides the Information covers following regions:

•North America
•South America
•Asia & Pacific
•Europe
•MEA (Middle East and Africa)

Answers that the report acknowledges:

•Market size and growth rate during forecast period.
•Key factors driving the Wireless Testing Market.
•Key market trends cracking up the growth of the Wireless Testing Market.
•Challenges to market growth.
•Key vendors of Wireless Testing Market.
•Detailed SWOT analysis.
•Opportunities and threats faces by the existing vendors in Global Wireless Testing Market.
•Trending factors influencing the market in the geographical regions.
•Strategic initiatives focusing the leading vendors.
•PEST analysis of the market in the five major regions.

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This release was published on openPR.