Press release
Communications Test And Measurement Market to Witness Exponential Growth by 2024
Growth in telecommunication industry is expected to grow the communication test and measurement market. Additionally, introduction of next generation cellular and wireless technology, growing demand of mobile phone and increasing bandwidth demand is expected to propel the communication test and measurement market. However, the major restrain of communication test and measurement equipment is, keeping pace with technological advances. The paradigm shift in cloud computing and evolving artificial intelligence technologies is expected to provide major opportunity for communication test and measurement market.
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Wireless communication test equipment market is expected to grow at fast rate compared to lab analytical instrumentation market and general purpose test equipment market. Increased adoption of 3G and 4G network is expected to drive the wireless communication test equipment market. By end user, the communication test and measurement market is segmented as network equipment manufacturers, mobile device manufacturers, telecommunication service providers, and enterprise. Globally, North America leads the communication, test and measurement equipment market followed by Europe. However Asia Pacific shows bright growth prospects due to increasing R&D investment.
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The key players of communication test and measurement market include Spirent communications, Rohde & Schwarz GmbH & Co KG, Octoscope, Agilent Technologies, Danaher Corporation, Exfo Inc., JDS Uniphase Corporation, Anritsu Corporation, Calnex Solutions and Yokogawa Electric among others.
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