Wireless Testing Market [2023-2031] Research Report by Product Type, Application, Region And Global Forecast | SGS Group, Bureau Veritas, Anritsu Corporation

The global wireless testing market size was US$ 10.1 billion in 2021. The global wireless testing market is forecast to grow to US$ 18.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.

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A device's ability to connect to other devices and networks and carry out operational duties is evaluated during wireless testing. To ensure legal compliance, device compatibility, performance, and user safety, a number of wireless devices are put through a variety of tests.

Factors Influencing the Market
The rising adoption of smart devices, such as laptops, smartphones, smart wearables, etc., will primarily drive the growth of the wireless testing market during the forecast period.
The rising proliferation of the internet will also bring untapped growth opportunities for the wireless testing market during the study period. In addition, the growing revolution of 5G is expected to exceed the growth prospects of the wireless testing market.
Apart from that, the growing contribution of cutting-edge telecom companies, the rising trend of remote working, etc., will benefit the wireless testing market during the study period. Further, growing technological advancements will have a favorable impact on the market. For instance, Keysight Technologies unveiled its Keysight N9021B MXA X-Series Signal Analyzer in 2020. Software that can enhance workflows and adhere to 3GPP 5G new radio (NR) compliance criteria is also part of the solution.
On the flip side, a shortage of skilled workforce may limit the market growth during the study period.

COVID-19 Impact Analysis
The adoption of smart devices significantly increased in the wake of the COVID-19 pandemic. Most companies allowed work from home to their employees, which significantly surged the demand for technologies like smartphones, laptops, etc. The telecommunication industry also recorded substantial growth, which, in turn, boosted the growth of the wireless testing market.

Regional Analysis
Due to the rapid adoption of wireless technologies and the strong demand for smart devices, the Asia-Pacific wireless testing market is anticipated to see the highest growth rate.
The need for the wireless testing market is driven by the quick transition from automated to autonomous devices. With a developing economy and advances in communication technologies, Asia-Pacific is the region that holds the highest share of the automotive sector. It is anticipated that an increase in developing economies and the adoption of cutting-edge technology in the automotive and telecommunications sectors will deliver an abundant potential for market expansion during the forecast period.

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Competitors in the Market
• SGS Group
• Bureau Veritas
• Anritsu Corporation
• DEKRA SE
• Intertek Group Plc.
• Rohde & Schwarz GmbH & Co.
• TUV Rheinland
• EXFO Inc.
• Viavi Solutions Inc.
• Electro Magnetic Test, Inc.
• Other Prominent Players

The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.

As of the end of 2022, the Wireless Testing industry experienced notable growth in its workforce. Starting in January, employment within the Wireless Testing sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Wireless Testing output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector's production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.

Forecasts indicate that the global Wireless Testing output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Wireless Testing market, remains both its largest producer and consumer. Remarkably, China's market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation's GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Wireless Testing market.

Market Segmentation
The global wireless testing market segmentation focuses on Offerings, Technology, Application, and Region.
By Offerings Outlook
• Equipment
• Services

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By Technology Outlook
• Wi-Fi
• Bluetooth
• 2G/3G
• 4G/LTE
• 5G
By Application Outlook
• Consumer Electronics
• IT & Telecommunication
• Automotive
• Energy & Power
• Healthcare
• Others
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

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Table of Contents:

Chapter 1: Introduction to the Global Wireless Testing Industry

Chapter 3: Dynamics of the Market

Chapter 4: Profiles of Leading Companies

Chapter 5: Competition in the Global Wireless Testing Market among Players

Chapter 6: Market Size across Global Regions

Chapter 7: Application Segments in the Global Market

Chapter 8: Segment Analysis of the Global Wireless Testing Industry

Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers

Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders

Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors

Chapter 12: Evaluation of Market Impact Factors

Chapter 13: Forecasted Global Wireless Testing Market Size (2023-2031)

Why is our study consequential?

Our study holds paramount importance for various reasons, a few of which include:

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• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.

• Analyzing market trends to aid businesses in devising adaptive strategies.

• Guiding businesses in the optimal placement of their products.

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