CHICAGO, March 28, 2024 /PRNewswire/ --
The wireless testing market is projected to grow from
USD 22.6 billion in 2024 to
USD 34.1 billion by 2029, registering
a CAGR of 8.6% during the forecast period according to a new report
by MarketsandMarkets™. The market growth is attributed to
Advancements in wireless technology and growing popularity of
automated cars. Furthermore, the adoption of Wi-Fi 6 (802.11ax) and
Wi-Fi 6E with enhanced wireless capabilities, including high data
rates and improved efficiency is expected to create lucrative
opportunities for the market.
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Browse in-depth TOC on "Wireless Testing
Market"
189 – Tables
62 – Figures
260 – Pages
Wireless Testing Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 22.6 billion
|
Estimated Value by
2029
|
$ 34.1 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 8.6%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Offering,
Technology, Application and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Requirement for
constant upgrading of equipment and services with technological
advancements
|
Key Market
Opportunities
|
Rising adoption of
Wi-Fi 6 and Wi-Fi 6E
|
Key Market
Drivers
|
Increasing focus on
deployment of 5G network
|
The Wireless network testing by equipment segment is expected to
account for the largest share of the wireless testing market in
2024.
The wireless network testing segment is a significant market for
wireless testing. Presently, networks of enterprises and service
providers have become highly complex and pervasive, owing to the
presence of different business applications and systems. Therefore,
it is vital for network monitoring teams to cope with the changing
network infrastructures in terms of their deployment, installation,
configuration, and maintenance. The demand for wireless network
testing has increased to ensure the development of high-performance
products and improved customer experience. These products include
network scanners, network testers, OTA testers, and other wireless
network testing equipment.
The IT & telecommunication segment is expected to account
for the largest share of the wireless testing market in
2024.
The IT & telecommunication segment accounted for the largest
share of the wireless testing industry in 2024, and a similar trend
is expected to be witnessed during the forecast period. Testing and
certification services are increasingly being used in the IT&
telecommunication sector. The IT & telecommunication networks
comprise various wireless technologies, such as LTE, LTE-Advanced,
Wideband Code Division Multiple Access (WCDMA), high-speed packet
access (HSPA), GSM, Code Division Multiple Access (CDMA), WLAN, and
Bluetooth, and 5G. Ongoing developments in AI and IoT and
increasing demand for wireless technologies are key factors driving
the growth of the wireless testing market in the IT &
telecommunication application segment. This segment is expected to
grow further during the forecast period due to the increasing
demand for different advanced technologies, such as WiMax, 3G, 4G,
LTE, and LTE-A.
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The Asia Pacific market is
expected to witness the highest CAGR in the wireless testing market
during the forecast period.
Asia Pacific is projected to
record the highest CAGR during the forecast period. China, Japan,
South Korea, India, Australia, and Rest of Asia Pacific. Asia
Pacific has been ahead of other regions in adopting wireless
testing products and solutions. Continuous demand for
cost-effective and highly efficient wireless testing from consumer
electronics, healthcare, automotive & transportation, among
other industries, is expected to drive the growth of the wireless
testing market in this region. Asia
Pacific is witnessing dynamic changes in terms of the
adoption of new technologies across various industries. 5G networks
are expected to play an integral role in advanced technologies like
IoT and M2M. 5G network is considered critical for smart cities and
industrial automation, as it provides simultaneous connectivity to
multiple devices and has low latency, resulting in the improved
overall performance of systems.
Key players
Key players in the wireless testing companies include SGS Group
(Switzerland), Bureau Veritas
(France), Intertek (UK), DEKRA SE
(Germany), Anritsu (Japan),
ALifecom Technology (Taiwan),
Keysight Technologies (US), Rohde & Schwarz (Germany), VIAVI Solutions (US), TÜV
NORD Group (Germany), and among others.
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