Wireless Testing Market size is Expected To Reach USD 16.80 Billion By 2028 at a CAGR of 6.9% - Valuates Reports

BANGALORE, India, June 24, 2021 /PRNewswire/ -- Wireless Testing Market By Offering (Equipment and Services), Technology (Wi-Fi, Bluetooth, 2G/3G, 4G/LTE, and 5G), and Application (Consumer Electronics, IT & Telecommunication, Automotive, Energy & Power, Healthcare, and Other). This report is published on Valuates Reports in the Electronics & Electrical Category.

The global Wireless Testing Market size is expected to reach USD 16.80 Billion by 2028 from USD 10.48 Billion in 2019, growing at a CAGR of 6.9% from 2021 to 2028.

Major factors driving the growth of the wireless testing market are:

• Increase in adoption of smart electronic appliances, rise in advancement in wireless technologies and surge in usage of smart devices is driving the wireless testing market.
• The rise in the adoption of smart devices in emerging economies creates growth opportunities for the wireless testing market.

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TRENDS INFLUENCING THE GROWTH OF WIRELESS TESTING MARKET 

Organizations spend a lot of effort and money on network resources to keep networks up and running all of the time in order to supply goods and services at a faster rate. Furthermore, wireless network testing is the most cost-effective method of analyzing the entire network system, which provides bandwidth management to fulfill the business application's needs at a faster rate. This in turn is expected to increase the growth of the wireless testing market. 

Over the course of the year, wireless technology has improved for sending voice, data, and video. In addition, the rise of machine-to-machine communication and internet-connected IoT sensors with 24/7 access has further made wireless devices more irreplaceable. Wireless testing evaluates a device's ability to connect with other devices and networks and perform operational tasks using this connection. This feature is expected to drive the wireless testing market during the forecast period.

The increase in the growth of the consumer electronics industry is expected to drive the wireless testing market. In the consumer electronics business, wireless testing is critical. To commercialize, every consumer electronic product must be thoroughly evaluated for functionality, safety, and performance. Different wireless technologies that are incorporated in consumer electronics, such as Bluetooth, cellular, near-field communication (NFC), and Wi-Fi, are tested by testing services providers.

However, the market's expansion is projected to be hampered by a lack of skilled workers and the costs involved.

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WIRELESS TESTING MARKET SHARE ANALYSIS

By technology, the 4G/LTE segment is expected to dominate the market with the highest CAGR of 8.4% during 2021 – 2028.

Based on application, the IT & telecommunication segment is expected to secure the leading position during 2021 – 2028. 

Based on region, North America accounted for the highest share, owing to the expansion of the telecom and consumer electronics market. However, the Asia-Pacific region is expected to exhibit the highest CAGR of 9.4% during 2021 – 2028. 

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WIRELESS TESTING MARKET KEY SEGMENTS

• By Offering
• Equipment
• Services
• Technology
• Wi-Fi
• Bluetooth
• 2G/3G
• 4G/LTE
• 5G
• By Application
• Consumer Electronics
• IT & Telecommunication
• Automotive
• Energy & Power
• Healthcare
• Others
• By Region
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France   
• Italy
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Market Players

• SGS Group
• Anritsu Corporation
• Bureau Veritas
• DEKRA SE
• Rohde & Schwarz GmbH & Co
• Intertek Group Plc
• TUV Rheinland
• Viavi Solutions Inc.
• Electro Magnetic Test Inc.
• EXFO Inc.

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SIMILAR REPORTS :

- From a global perspective this report represents overall Wireless Testing Equipment market size by analyzing historical data and future prospects. The report is segmented by Product-Type: Near Field Communication Tester, WiFi Tester, Bluetooth Tester, Others, Application: Telecom, Industrial, Military & Aerospace, Others, Regions etc.

- The global Mobile Application Testing Solution market size is projected to reach USD 5028.9 million by 2026, from USD 2783.8 million in 2019, at a CAGR of 8.7% during 2021-2026. The report is segmented by Product-Type: Interactive Testing, Automated Testing, Application: Residential, Corporate, Region.

- The global Penetration Testing market size is projected to reach USD 3763.2 million by 2026, from USD 1423.4 million in 2019, at a CAGR of 14.9% during 2021-2026.  The study objectives are to present the Penetration Testing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

- Mobile Testing Market focuses on the global Mobile Testing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Mobile Testing development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

- The global Wireless Module market size is projected to reach USD 9809.2 million by 2026, from USD 4549.7 million in 2019, at a CAGR of 11.6% during 2021-2026.

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