| Report Code: A11111 | Pages: 337 | Apr 2021 | 3100 Views | ||
| Author(s) : Avinash S , Vineet K | Tables: 109 | Charts: 84 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Wireless Testing Market
Request Now !The global wireless testing market size is expected to reach $16.80 billion by 2028 from $10.48 billion in 2019, growing at a CAGR of 6.9% from 2021 to 2028. Wireless testing values a device that has ability to connect with other devices and networks and perform operational tasks using connection technologies. Several wireless devices are tested by performing a series of tests to verify regulatory compliance, device interoperability, performance, and user safety.
The automotive industry segment impacted negatively, due to COVID-19 Pandemic.
Nowadays, number of devices are connected to the internet than people and that number is expected to rise in coming years. In addition, increase in use of smart and wireless devices has also come with risks and many contain security vulnerabilities that can be exploited by hackers, while others may pose health and environmental dangers. As a smart and wireless device manufacturer, integrator or brand/retailer, which will need to bring the devices to market while addressing the several key risks, including cyber security, interoperability, interference, reliability, health & safety, and environmental performance.
As organizations spend lot of time and investment on network resources to keep networks up all the time to deliver goods service at a higher speed. Also, wireless network testing is cheapest way to analyze the entire network system that provide bandwidth management to meet with the business application at higher speed. For instance, the collaboration between Bureau Veritas and Keysight enables to address radio frequency, radio resource management (RRM), and performance test cases validated by GCF and PTCRB. With its regulatory test and global market access services and a full suite of wireless conformance testing, module developers, device manufacturers, as well as 5G technology integrators can now access global market access services from Bureau Veritas’ technical competence center.
The prominent factors that drive the wireless testing market growth include increase in adoption of smart electronic appliances, rise in advancement in wireless technologies, and surge in usage of smart devices. Furthermore, rise in adoption of smart devices in emerging economies creates growth opportunities for wireless testing market. In addition, growth in population and surge in Internet penetration are some of the key factors boosting the demand for smart devices. However, lack of skilled workforce and high cost is expected to hamper the market growth. On the contrary, high adoption of Internet of Things (IoT) technologies are anticipated to provide lucrative opportunities for the expansion of the wireless testing industry during the forecast period.
The global wireless testing market is segmented into offering, technology, application, and region. On the basis of offering, the market is classified into equipment and services. By technology, it is categorized into WI-FI, Bluetooth, 2G/3G, 4G/LTE, and 5G. The applications covered in the market include consumer electronics, IT & telecommunication, automotive, energy & power, healthcare, and other.
Region wise, the wireless testing market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America accounted for the highest share, owing to the expansion of the telecom and consumer electronics market.
COVID-19 is having a large impact on both consumer and the economy. Several sectors have been temporarily working at low efficiency to contain the COVID-19 spread. This has majorly affected the supply chain of the market by creating shortages of materials, components, and finished goods. Lack of business continuity has ensured significant negative impacts on shareholder returns, and revenue, which are expected to create financial disruptions in the market.
North America is one of the key regions for the adoption and growth of advance technologies. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. This pandemic and situation in the worlds impact the wireless testing market size with the China and U.S. being one of the important markets for wireless testing growth.
The prominent factors that drive the growth of the wireless testing market include increase in adoption of smart electronic appliances, rise in advancement in wireless technologies, and surge in usage of smart devices. However, lack of skilled workforce and high cost restrict the market growth. Conversely, high adoption of Internet of Things (IoT) technologies creates lucrative opportunities for the industry.
Competitive analysis and profiles of the major SGS Group, Anritsu Corporation, Bureau Veritas, DEKRA SE, Rohde & Schwarz GmbH & Co., Intertek Group Plc., TUV Rheinland, Viavi Solutions Inc., Electro Magnetic Test, Inc., and EXFO Inc. are provided in wireless testing market report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.
Key Benefits For Stakeholders
Wireless Testing Market Key Segments
By Offering
By Technology
By Application
By Region
Key Market Players
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Asia-Pacific is expected to witness remarkable growth rate, which is driven by a robust market for smartphones and advance technologies in the region. In addition, the prominent factors that drive the wireless testing market growth include increase in adoption of smart electronic appliances, rise in advancement in wireless technologies, and surge in usage of smart devices.
Furthermore, rise in adoption of smart devices in emerging economies creates growth opportunities for wireless testing market. In addition, growing population and surge in Internet penetration are some of the key factors boosting the demand for smart devices. However, lack of skilled workforce and high cost are expected to hamper the wireless testing market growth. On the contrary, high adoption of Internet of things (IoT) technologies are anticipated to provide lucrative opportunities for the expansion of the wireless testing industry during the forecast period.
The report focuses on the growth prospects, restraints, and trends of the wireless testing market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, in the wireless testing market.
A. The Wireless Testing Market is estimated to grow at a CAGR of 6.9% from 2021 to 2028.
A. The Wireless Testing Market is projected to reach $16.80 billion by 2028.
A. To get the latest version of sample report
A. Increase in adoption of smart electronic appliances, rise in advancement in wireless technologies, and surge in usage of smart devices etc. boost the Wireless Testing market growth.
A. The key players profiled in the report include SGS Group, Anritsu Corporation, Bureau Veritas, DEKRA SE, Rohde & Schwarz GmbH & Co., and many more.
A. On the basis of top growing big corporations, we select top 10 players.
A. The Wireless Testing Market is segmented on the basis of offering, technology, application, and region.
A. The key growth strategies of Wireless Testing market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
A. Consumer Electronics segment would grow at a highest CAGR of 8.6% during the forecast period.
A. 4G/LTE segment will dominate the market by the end of 2028.
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