The Global Market for Wireless Test Equipment is Projected to Reach US$6.7 Billion by 2024

Network Deployment, Upgrades and New Mobile Device Rollouts Drive the Global Wireless Test Equipment Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Wireless Test Equipment markets. The global market for Wireless Test Equipment is projected to reach US$6.7 billion by 2024, driven by network deployments, maintenance & upgrades; new mobile device roll outs; soaring data traffic; dynamically changing mobile communications landscape; and technology developments.

Wireless Test Equipment are testing solutions used to test multiple standards and parameters of wide range of applications and environments, and for troubleshooting and ensuring the quality of wireless systems. These solutions make the installation and maintenance of communication networks trouble-free and help wireless devices comply with advanced communication standards. Wireless test equipment is typically utilized by manufacturers of devices, products, and networks to validate designs and optimum functioning of their products/networks. The demand for wireless test equipment is driven by the fact that equipment testing enables early-market delivery of wireless devices, infrastructure equipment and services. Wireless test equipment also enables manufacturers to reduce production costs by lowering the cost of testing and calibration, resulting in increased demand for such equipment.

With operators focusing on delivering efficient connectivity to their subscribers, network equipment suppliers are hard pressed to deliver products that are compliant with set standards and promises to deliver seamless data transmission. This in turn has and will continue to drive demand for efficient test equipment for validating and testing performance of infrastructure equipment among network infrastructure equipment manufacturers. To deliver high performance infrastructure equipment to network operators, equipment vendors are also required to thoroughly test their products for error handling, interoperability, and reporting before they are actually deployed in the field, which demands use of wireless test equipment. Soaring demand for data-rich services compel service providers to offer more of such bandwidth-intensive content or application services over their networks, putting further pressure on existing mobile networks. This drives steady network operator investments on high-speed 3G/4G wireless technologies, deploying which demands installations of new network infrastructure components, or upgrades to the existing equipment, which again translates into demand for wireless test equipment for testing performance of these infrastructure components during its manufacture, installation and maintenance.

The accelerated shift towards new-generation network technologies across the world is driving strong demand for testing equipment at mobile device R&D and manufacturing levels given that new products being designed and manufactured by OEMs have to be compatible with these new standards. In addition, upgrade demand for mobile R&D-use testers also remains steady owing to a shift to LTE protocols. Equipment capable of testing multiple devices will especially gain increased adoption among mobile device manufacturers in coming years due to their ability to deliver effective test results, reduce testing time, and cut down on time taken for products to progress from R&D to production and commercialization.

As stated by the new market research report on Wireless Test Equipment, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the largest and the fastest growing market with a CAGR of 9% over the analysis period led by advancements in data and wireless communication infrastructure and the need to simplify the product development cycle, facilitate a broad range of digital and RF measurements, as well as enhance their safety and performance. Other major factors driving growth include need for advanced technologies for managing rapidly growing data traffic and capacity issues; shifting of semiconductor and electronics R&D activities to Southeast Asia; and continuous development of new wireless standards and technologies. 

Key players in the market include Anritsu Corp., AWT Global, LLC, Cobham AvComm, Cobham Wireless, DEKRA Testing and Certification, S.A.U., Hermon Laboratories TI Ltd., Keysight Technologies Inc., Rohde & Schwarz GMBH & Co. KG, Spirent Communications Plc, Teradyne Inc., LitePoint Corp., and Viavi Solutions Inc., among others.

The research report titled “Wireless Test Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations, launches, and strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Market segments analysed in the report include Wireless Mobile Devices Test Equipment, Drive Test Equipment, and Infrastructure Test Equipment (Wireless Base Station Test Equipment and Wireless Mobile Backhaul & Network Core Test Equipment).


Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

Popular posts from this blog

The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022