Published Date: 2019-08-30 | Pages: 114 | Tables: 145 | Report ID: 7396 | Industry: Machinery & Equipment | Format :
The global wireless test equipment market is foretold to gain growth on the back of important driving factors such as rising adoption of wireless technology and high use of smart devices. Increasing requirement of mobile data offloading to improve data management and due to the paradigm shift in network planning is predicted to create growth opportunities for market players. Growth in advancement of communication and networking technologies and continuous increase in mobile data traffic could add to the demand for wireless network test equipment. Increase in the demand for high-speed data services and high penetration of advanced mobile devices are anticipated to remarkably contribute to the growth of the global market.
QYR Consulting predicts the global wireless test equipment market to grow at a sluggish CAGR of 3.6% between 2019 and 2025 to touch a value of approximately US$0.7 Bn by the end of 2025. In 2018, the global market value was around US$0.5 Bn. The authors of the report have provided thorough analysis of the global market and offered its accurate growth outlook.
Significant developments in the wireless communications industry are expected to bode well for the global wireless test equipment market. Need to test a number of features and components of wireless networks is anticipated to push the demand for wireless test equipment. This helps to ensure efficient functioning and appropriate deployment of wireless networks. Requirement of wireless test equipment is predicted to grow further with increasing adoption of LTE technology and rising popularity of 4G networks. Service providers are foreseen to increase the adoption of wireless test equipment to offer error-free and efficient networks. The rising trend of interoperability of technologies is foretold to put a positive impact on the global market growth.
The global wireless test equipment market is segmented into Bluetooth tester, Wi-Fi tester, near field communication tester, and others by type of product. On the basis of application, the global market is segmented into military and aerospace, industrial, telecom, and others.
The report covers leading players of the global wireless test equipment market, including Cobham, Beijing StarPoint Technology, Rohde & Schwarz, TESCOM, LitePoint (Teradyne), Keysight Technologies, NetScout Systems, National Instruments, Anritsu Corporation, Spirent Communications, and Greenlee (Textron).
The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.
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