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Mobile Network Drive Test Equipment Global Market Report 2024 - By Share, Size, Growth, Trends, Forecast To 2033

04-16-2024 06:51 AM CET | Industry, Real Estate & Construction

Press release from: The Business research company

Mobile Network Drive Test Equipment Market

Mobile Network Drive Test Equipment Market

The mobile network drive test equipment market size has grown strongly in recent years. It will grow from $5.44 billion in 2023 to $5.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increasing demand for high-speed data services, growing complexity of network infrastructure, demand for better network performance, need for accurate network diagnostics, regulatory compliance requirements.

The mobile network drive test equipment market size is expected to see strong growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to focus on network optimization and efficiency, demand for real-time analytics and monitoring, expansion of mobile broadband services, emphasis on quality of service and quality of experience, proliferation of IoT devices. Major trends in the forecast period include shift towards cloud-based testing solutions, rise of virtualized network testing platforms, emergence of autonomous drive test capabilities, growing importance of network slicing testing, adoption of advanced antenna technologies.

Market Overview -
Mobile network drive test equipment refers to specialized tools used by telecommunications companies and network operators to measure and analyze the performance of mobile networks. These pieces of equipment help in assessing signal strength, coverage, quality, and other parameters while moving through different locations.

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Rise Of High-Capacity Networks Fueling Mobile Network Drive Test Equipment Market Growth
The rise of high-capacity networks is expected to propel the growth of the mobile network drive test equipment market going forward. High-capacity networks refer to telecommunications networks with the capability to deliver high downlink and uplink bandwidth, resilience, low latency, and low latency variation. The mobile network drive test equipment market is expanding significantly due to the exponential increase in data consumption caused by various causes, including internet-connected devices, streaming services, cloud computing, and emerging technologies such as the Internet of Things (IoT). As data consumption grows, there is an need for high-capacity network test equipment's that can accommodate the growing traffic. For instance, in September 2022, according to a report by the Cellular Telecommunications and Internet Association (CTIA), a US-based trade association, in the United States, 315 million Americans are now covered by 5G, and the number of 5G devices grew over 513 percent from 14 million in 2020 to 85 million in 2021. Therefore, the rise of high-capacity networks is driving the growth of the mobile network drive test equipment market.

Competitive Landscape -
Major companies operating in the mobile network drive test equipment market are Qualcomm Incorporated, Nokia Corporation, CommScope Inc., Keysight Technologies Inc., Teradyne Inc., Rohde & Schwarz GmbH & Co KG, VIAVI Solutions Inc., Anritsu Corporation, Spirent Communications plc, NETSCOUT Systems Inc., DingLi Corporation Ltd., Ascom Holding AG, EXFO Inc., ETS-Lindgren Inc., Teoco Corporation LLC, InfoVista S.A., Anite plc, Mitek Systems Inc., PCTEL Inc., Datang Mobile Communications Equipment Co. Ltd., Radcom Ltd., Kaelus Inc., Bird Technologies Group, Cobham Wireless Limited, Beijing StarPoint Technology Co. Ltd., Azimuth Systems Inc., Accuver Americas Inc., AWT Global LLC

Advancements In Mobile Network Drive Test Equipment
Major companies operating in the mobile network drive test equipment market are increasing their focus on developing advanced solutions, such as network benchmarking solutions, to enhance performance evaluation and gain a competitive edge. This software tool is used to evaluate and measure the performance of network drives, providing insights into their efficiency within a network setup. For instance, in January 2023, Rohde & Schwarz, a Germany-based technology group, launched Benchmarker 3. This platform offers a compact design, enhanced reliability, smart analytics, cloud-based configurations, smart campaign automation, and full backward compatibility. Its technological advancements include improved user equipment cooling, support for up to 12 QualiPoc probes, and seamless drill-down analytics, making it significant in the mobile network drive test equipment market, addressing complexities, and enhancing quality of experience (QoE) for end-users.

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Key Segments -
The mobile network drive test equipment market covered in this report is segmented -
1) By Type: 2G, 3G, 4G, 5G
2) By Application: Benchmarking, Monitoring And Control, Network Testing
3) By End-User: Mobile Operators, Equipment Manufacturers, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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