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Press Releases: Wireless Testing Market Size Worth USD 18,266 Million in 2030 | CAGR of 7.1%

Wireless Testing Market Size Worth USD 18,266 Million in 2030 | CAGR of 7.1%

14 Sep, 2023 | Press Releases
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The wireless testing procedure evaluates a device's connectivity with other devices and networks and its capacity to perform operational tasks via a connection. A battery of tests is conducted on several wireless devices to guarantee regulatory compliance, interoperability, performance, and user safety. Currently, more devices than people are linked to the internet, which is expected to continue in the coming years. In addition, a rise in the use of smart and wireless devices is followed by worries; many of these devices contain security vulnerabilities that hackers can exploit, and others may pose health and environmental problems. As smart and wireless device makers, the various companies bring the devices to market while addressing various essential issues, such as cyber security, interoperability, interference, dependability, health & safety, and environmental performance.

To supply goods and services quicker, businesses invest significant time and money in network resources to ensure that networks are always available. Wireless network testing is the most cost-efficient approach for analyzing an entire network system, giving bandwidth control to handle speedier business applications. The rapid growth of the wireless communications sector has necessitated wireless testing devices to ensure that they perform correctly and are safe, dependable, and secure. Enhanced wireless technology integration provides connectivity services across various devices and applications, such as connected autos, smartphones, wearables, smart cities, smart grids, smart homes, and eHealth. In addition, wireless testing solutions, such as chipset testing, user equipment (UE) testing, and wireless security testing, emphasize the performance and user experience quality of the most modern technologies.

Market Dynamics

Increased Usage of Electronic Appliances and Advancements in Wireless Technologies to Drive the Global Market

To deliver goods and services faster, businesses invest a lot of time and money in network resources to ensure that the network is always available. Wireless network testing is the most cost-effective approach to analyzing the entire network to help control bandwidth to handle business applications faster. The rapid growth of the wireless communication industry has necessitated testing wireless devices to ensure they work well and are safe, reliable, and secure.

Enhanced wireless technology integration offers connection services for many devices and applications, including linked automobiles, smartphones, wearables, smart cities, smart grids, smart homes, and eHealth. In addition, wireless testing solutions, like chipset testing, user equipment (UE) testing, and wireless security testing, emphasize the performance and quality of the user experience of the most contemporary technologies. Due to the rise of virtual reality/augmented reality (VR/AR) applications, real-time gaming, and the increasing use of smartphones as mobile hot spots, Wi-Fi performance testing has become crucial. Mobile phone Wi-Fi testing is the optimal approach for assessing the signal strength of Wi-Fi in various locations within homes and businesses. Increasing adoption of electronic goods and wireless technology drives the wireless testing industry.

In addition, the introduction of machine-to-machine (M2M) communication and Internet of Things (IoT) technology, which is connected to the internet for continuous access, has increased the demand for wireless testing on the market. For instance, the International Telecommunication Union (ITU) restricted testing standards for 5G networks and mobile communication equipment. It is projected that the rise of wireless technologies such as Bluetooth, near-field communications (NFC), and Wi-Fi will drive the growth of the wireless testing market.

Regional Insights

North America will hold the largest share with a CAGR of 5.8% during the forecast period. In North America, the presence of an established electronics industry and the rapid adoption of wireless technologies have contributed significantly to the expansion of the wireless testing market. The region is considered one of the most developed in the world. Countries have moved from automation to autonomous technology, driving demand for wireless devices. The region's expansion can be attributed to countries such as the United States and Canada, whose governments encourage wireless devices in the industrial sector.

In addition, the increasing adoption of 5G technologies, advances in the automotive industry, and the presence of a substantial industrial base are expected to generate significant market opportunities. The increasing demand for wireless technology in the automotive industry has led to an increase in the demand for wireless testing, which may support the growth of the wireless testing market.

Europe will hold the second-largest share of USD 5,715 million with a CAGR of 6.7% during the forecast period. Increased adoption of wireless connections in the industrial and automotive industries is expected to propel the growth of the wireless testing market during the forecast period. In addition, this region is home to technologically advanced nations, the bulk of which are established and developing. Therefore, technical improvement is a critical factor contributing to the rise of wireless testing in Europe.

Increased wireless device penetration and strong adoption of advanced technologies have created numerous prospects for the European wireless testing market. Due to proactive government actions in the form of subsidiaries, acquisitions of smaller firms, and an increase in the use of 5G technology, Germany has the most significant market share among European nations. Moreover, the increase in demand for automation and augmented reality (AR) technology drives regional market expansion.

Asia-Pacific will grow at the highest CAGR. The rapid transition from automated to autonomous devices due to the integration and development of IoT and AI technologies is driving the wireless testing market. Due to the growing use of smartphones and other electronic devices, the Asia-Pacific region is expected to have the highest CAGR during the forecast period. Asia-Pacific is the largest supplier to the automotive sector due to its growing economy and related technological advancements. Increased use of advanced technologies in the automotive and telecommunications industries, coupled with an increase in the number of developing economies, is expected to create lucrative growth prospects in the wireless testing market.

Key Highlights

  • The global wireless testing market had a revenue share of USD 10,552 million, estimated to reach USD 18,266 million, with a CAGR of 7.1% during the forecast period. 
  • Based on offering, the equipment segment is expected to have the largest market share advancing with a CAGR of 6.7% during the forecast period.
  • Based on technology, 4G/LTE technology is most likely to hold the largest share in the market with a CAGR of 8.7% during the forecast period.
  • Based on application, the IT & telecommunication sector is expected to hold the largest market share with a CAGR of 6.9% during the forecast period.
  • Based on regional analysis, the North American region will hold the largest share with a CAGR of 5.8% during the forecast period.

Competitive Players in the Market

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

Market News

  • In 2022, SGS Group announced the acquisition of Ecotecnos.
  • In 2022, SGS Group announced the acquisition of AIEX, based in Cherbourg, France.
  • In 2022, Anritsu Corporation and AeroGT Labs partnered to provide best-in-class 5G multiple-in multiple-out (MIMO) over-the-air (OTA) test platforms to characterize, test, and optimize antennas.
  • In 2022, Anritsu Corporation and Tech Mahindra collaborated to launch an IoT Experience Lab located in Yech Mahindra's Fremont, CA facility. 

Global Wireless Testing Market: Segmentation

By Offering

  • Equipment
  • Services

By Technology

  • Wi-Fi
  • Bluetooth
  • 2G/3G
  • 4G/LTE
  • 5G

By Application

  • Consumer Electronics
  • IT & Telecommunication
  • Automotive
  • Energy & Power
  • Healthcare
  • Others 

By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA


To get more information about Wireless Testing Market go through below report
Report

Wireless Testing Market: Information by Offering (Equip


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The wireless testing procedure evaluates a device's connectivity with other devices and networks and its capacity to perform operational tasks via a connection. A battery of tests is conducted on several wireless devices to guarantee regulatory compliance, interoperability, performance, and user safety. Currently, more devices than people are linked to the internet, which is expected to continue in the coming years. In addition, a rise in the use of smart and wireless devices is followed by worries; many of these devices contain security vulnerabilities that hackers can exploit, and others may pose health and environmental problems. As smart and wireless device makers, the various companies bring the devices to market while addressing various essential issues, such as cyber security, interoperability, interference, dependability, health & safety, and environmental performance. To supply goods and services quicker, businesses invest significant time and money in network resources to ensure that networks are always available. Wireless network testing is the most cost-efficient approach for analyzing an entire network system, giving bandwidth control to handle speedier business applications. The rapid growth of the wireless communications sector has necessitated wireless testing devices to ensure that they perform correctly and are safe, dependable, and secure. Enhanced wireless technology integration provides connectivity services across various devices and applications, such as connected autos, smartphones, wearables, smart cities, smart grids, smart homes, and eHealth. In addition, wireless testing solutions, such as chipset testing, user equipment (UE) testing, and wireless security testing, emphasize the performance and user experience quality of the most modern technologies. Market Dynamics Increased Usage of Electronic Appliances and Advancements in Wireless Technologies to Drive the Global Market To deliver goods and services faster, businesses invest a lot of time and money in network resources to ensure that the network is always available. Wireless network testing is the most cost-effective approach to analyzing the entire network to help control bandwidth to handle business applications faster. The rapid growth of the wireless communication industry has necessitated testing wireless devices to ensure they work well and are safe, reliable, and secure. Enhanced wireless technology integration offers connection services for many devices and applications, including linked automobiles, smartphones, wearables, smart cities, smart grids, smart homes, and eHealth. In addition, wireless testing solutions, like chipset testing, user equipment (UE) testing, and wireless security testing, emphasize the performance and quality of the user experience of the most contemporary technologies. Due to the rise of virtual reality/augmented reality (VR/AR) applications, real-time gaming, and the increasing use of smartphones as mobile hot spots, Wi-Fi performance testing has become crucial. Mobile phone Wi-Fi testing is the optimal approach for assessing the signal strength of Wi-Fi in various locations within homes and businesses. Increasing adoption of electronic goods and wireless technology drives the wireless testing industry. In addition, the introduction of machine-to-machine (M2M) communication and Internet of Things (IoT) technology, which is connected to the internet for continuous access, has increased the demand for wireless testing on the market. For instance, the International Telecommunication Union (ITU) restricted testing standards for 5G networks and mobile communication equipment. It is projected that the rise of wireless technologies such as Bluetooth, near-field communications (NFC), and Wi-Fi will drive the growth of the wireless testing market. Regional Insights North America will hold the largest share with a CAGR of 5.8% during the forecast period. In North America, the presence of an established electronics industry and the rapid adoption of wireless technologies have contributed significantly to the expansion of the wireless testing market. The region is considered one of the most developed in the world. Countries have moved from automation to autonomous technology, driving demand for wireless devices. The region's expansion can be attributed to countries such as the United States and Canada, whose governments encourage wireless devices in the industrial sector. In addition, the increasing adoption of 5G technologies, advances in the automotive industry, and the presence of a substantial industrial base are expected to generate significant market opportunities. The increasing demand for wireless technology in the automotive industry has led to an increase in the demand for wireless testing, which may support the growth of the wireless testing market. Europe will hold the second-largest share of USD 5,715 million with a CAGR of 6.7% during the forecast period. Increased adoption of wireless connections in the industrial and automotive industries is expected to propel the growth of the wireless testing market during the forecast period. In addition, this region is home to technologically advanced nations, the bulk of which are established and developing. Therefore, technical improvement is a critical factor contributing to the rise of wireless testing in Europe. Increased wireless device penetration and strong adoption of advanced technologies have created numerous prospects for the European wireless testing market. Due to proactive government actions in the form of subsidiaries, acquisitions of smaller firms, and an increase in the use of 5G technology, Germany has the most significant market share among European nations. Moreover, the increase in demand for automation and augmented reality (AR) technology drives regional market expansion. Asia-Pacific will grow at the highest CAGR. The rapid transition from automated to autonomous devices due to the integration and development of IoT and AI technologies is driving the wireless testing market. Due to the growing use of smartphones and other electronic devices, the Asia-Pacific region is expected to have the highest CAGR during the forecast period. Asia-Pacific is the largest supplier to the automotive sector due to its growing economy and related technological advancements. Increased use of advanced technologies in the automotive and telecommunications industries, coupled with an increase in the number of developing economies, is expected to create lucrative growth prospects in the wireless testing market. Key Highlights The global wireless testing market had a revenue share of USD 10,552 million, estimated to reach USD 18,266 million, with a CAGR of 7.1% during the forecast period.  Based on offering, the equipment segment is expected to have the largest market share advancing with a CAGR of 6.7% during the forecast period. Based on technology, 4G/LTE technology is most likely to hold the largest share in the market with a CAGR of 8.7% during the forecast period. Based on application, the IT & telecommunication sector is expected to hold the largest market share with a CAGR of 6.9% during the forecast period. Based on regional analysis, the North American region will hold the largest share with a CAGR of 5.8% during the forecast period. Competitive Players in the Market SGS Group Anritsu Corporation  Bureau Veritas  DEKRA SE  Rohde & Schwarz GmbH & Co. Intertek Group Plc. TUV Rheinland Group Viavi Solutions Inc. Electro Magnetic Test, Inc. EXFO Inc.  Market News In 2022, SGS Group announced the acquisition of Ecotecnos. In 2022, SGS Group announced the acquisition of AIEX, based in Cherbourg, France. In 2022, Anritsu Corporation and AeroGT Labs partnered to provide best-in-class 5G multiple-in multiple-out (MIMO) over-the-air (OTA) test platforms to characterize, test, and optimize antennas. In 2022, Anritsu Corporation and Tech Mahindra collaborated to launch an IoT Experience Lab located in Yech Mahindra's Fremont, CA facility.  Global Wireless Testing Market: Segmentation By Offering Equipment Services By Technology Wi-Fi Bluetooth 2G/3G 4G/LTE 5G By Application Consumer Electronics IT & Telecommunication Automotive Energy & Power Healthcare Others  By Region North America Europe Asia-Pacific LAMEA
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