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Wireless Testing Market Share, Trends And Forecast 2024 To 2033
Wireless Testing Market Share
Wireless Testing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $19.68 billion In 2028 At A CAGR Of 8.4% :
The wireless testing market size has grown strongly in recent years. It will grow from $13.22 billion in 2023 to $14.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increased complexity in wireless networks, increased demand for faster time-to-market, globalization and market competition, emergence of m2m communication, wi-fi standard advancements.
The wireless testing market size is expected to see strong growth in the next few years. It will grow to $19.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to shift towards software-defined networking (sdn), edge computing testing needs, industry-specific testing demands, connected vehicle testing, increasing focus on quality of service (qos). Major trends in the forecast period include 5g network rollout, iot expansion, connected devices proliferation, emergence of wi-fi 6 and wi-fi 6e, telecommunication standards evolution.
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Wireless Testing Market Major Segments
The wireless testing market covered in this report is segmented -
1) By Offering: Equipment, Services
2) By Connectivity Technology: Wi-Fi, Bluetooth, 2G/3G, 4G/LTE, 5G
3) By Application: Consumer Electronics, Automotive, IT and Telecommunication, Energy and Power, Medical Devices, Aerospace and Defense, Industrial, Other Applications
Key Driver - 5G Network Development Fuels Growth In The Wireless Testing Market
The development and deployment of the 5G network is a major driver propelling the growth of the wireless testing market. 5G is the 5th generation mobile network, which delivers higher multi-Gbps peak data speeds, ultra-low latency, more reliability, massive network capacity, increased availability, and a more consistent user experience to more users. 5G networks allow wireless devices' tosmooth and latency-free operation, thus driving demand for wireless testing. For instance, in August 2022, an Indian telecommunications company, Airtel, signed 5G network agreements with Ericsson, Nokia, and Samsung to deploy 5G networks in India. Therefore, the development and deployment of the 5G network will continue to drive the growth of the wireless testing market.
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Prominent Trend - Advancements In Automated Testing Platforms Drive Wireless Testing Market
Advanced technologies are a key trend in the wireless testing market. Companies in the market are focusing on technological advances such as automated testing platforms to reduce time and improve testing efficiency. For instance, in March 2022, American network test, measurement, and assurance technology company, Viavi Solutions launched FiberComplete PRO, a fiber test solution with a suite of capabilities that replaces six test instruments. The new product fully automates all the fiber qualification tests required for constructing and certifying any fiber optic network and reduces fiber acceptance testing time by nearly 80%.
Wireless Testing Market Players
Major companies operating in the wireless testing market report are SGS Group, Anritsu Corporation, Bureau Veritas S.A., DEKRA SE, Rohde & Schwarz GmbH & Co KG, Intertek Group plc, TUV Rheinland Group, Viavi Solutions Inc., Electro Magnetic Test Inc., EXFO Inc., BluFlux LLC, Spirent Communications plc, Eurofins Scientific SE, Spirent Communications plc, Keysight Technologies Inc., National Instruments Corporation, Cobham Wireless Limited, Teradyne Inc., Intelligraphics Inc., CTIA - The Wireless Association, Octoscope Inc., Wireless Telecom Group Inc., RedMango Analytics Inc., CETECOM GmbH, Global Wireless Solutions Inc., Elma Electronic AG, PCTEST Engineering Laboratory Inc., TestingHouse, DEWESoft d.o.o., Metricell Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the wireless testing market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wireless Testing Market Report Structure
3. Wireless Testing Market Trends And Strategies
4. Wireless Testing Market - Macro Economic Scenario
5. Wireless Testing Market Size And Growth
…..
27. Wireless Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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