Wireless Testing Market Share, Emerging Trends Overview, Growth Factors and Competitive Players Till 2027
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.Inquire Additional Statistics on Wireless Testing Market @ https://www.theinsightpartners.com/sample/TIPRE00008068/?utm_source=openPR&utm_medium=10642
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.
The Key Players in The Global 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.
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.
The report segments the global Market as follows:
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)
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.
Essential points covered in Wireless Testing Market report are: -
What will the market size and the growth rate be in 2027?
What are the key growth stimulants of Wireless Testing Market?
What are the key market trends impacting Wireless Testing Market valuation?
What are the challenges to market proliferation?
Who are the key vendors in the Wireless Testing Market?
Which are the leading companies contributing to Wireless Testing Market valuation?
What was the market share held by each region in 2027?
What is the estimated.
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Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
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The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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