PUBLISHER: The Business Research Company | PRODUCT CODE: 1425943
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425943
Wireless Testing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wireless testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wireless testing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wireless testing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The field of wireless testing encompasses the evaluation of electrical products designed for wireless operation, ensuring their ability to connect with other devices and networks while performing operational tasks seamlessly. This process is crucial for verifying that wireless products can effectively connect and interoperate with one another.
Wireless testing offerings primarily consist of both equipment and services. Wireless testing equipment plays a key role in validating wireless connections, assessing compliance with high-speed connection requirements outlined by standards such as LTE, wireless, Bluetooth, among others. Various connectivity technologies, including Wi-Fi, Bluetooth, 2G/3G, 4G/LTE, and 5G, are employed across industries such as consumer electronics, automotive, IT and telecommunication, energy and power, medical devices, aerospace and defense, industrial, and more.
The wireless testing market research report is one of a series of new reports from The Business Research Company that provides wireless testing market statistics, including wireless testing industry global market size, regional shares, competitors with a wireless testing market share, detailed wireless testing market segments, market trends and opportunities, and any further data you may need to thrive in the wireless testing industry. This wireless testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wireless testing market size has grown strongly in recent years. It will grow from $13.22 billion in 2023 to $14.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historic period can be traced back to several factors, including the heightened complexity of wireless networks, a growing demand for faster time-to-market, intensified globalization and market competition, and the emergence of machine-to-machine (M2M) communication. Additionally, advancements in Wi-Fi standards have played a significant role in shaping the trajectory of wireless testing during this period.
The wireless testing market size is expected to see strong growth in the next few years. It will grow to $19.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. Anticipated growth in the forecast period is expected to result from various factors, including a shift towards software-defined networking (SDN), the evolving testing requirements associated with edge computing, increasing demand for industry-specific testing, and the growing emphasis on the quality of service (QoS). Major trends projected for the forecast period include the rollout of 5G networks, expansion of the Internet of Things (IoT), proliferation of connected devices, and the emergence of Wi-Fi 6 and Wi-Fi 6e, as well as ongoing evolution in telecommunication standards.
The evolution and implementation of the 5G network serve as a significant driving force propelling the expansion of the wireless testing market. 5G, the fifth generation mobile network, offers higher multi-Gbps peak data speeds, ultra-low latency, enhanced reliability, massive network capacity, increased availability, and a more consistent user experience. The seamless and low-latency operation of wireless devices facilitated by 5G networks augments the demand for wireless testing. Notably, in August 2022, Indian telecommunications company Airtel forged 5G network agreements with Ericsson, Nokia, and Samsung to deploy 5G networks across India. This continued development and deployment of the 5G network are expected to sustainably drive the growth trajectory of the wireless testing market.
The surge in cyberattacks and security breaches emerges as a compelling factor propelling the wireless testing market forward. Cyberattacks encompass malicious activities conducted through digital means, including hacking, phishing, or malware, aiming to compromise computer systems, networks, or sensitive data. In parallel, security breaches entail unauthorized access, disclosure, or manipulation of confidential information. Wireless testing plays a pivotal role in identifying vulnerabilities and evaluating cybersecurity readiness against potential cyber threats. For instance, recent data provided by Checkpoint in January 2023 indicated a 38% increase in global cyberattacks in 2022 compared to 2021. Additionally, the ESET Threat Report T2 2021 highlighted a 7.3% surge in email-based attacks between May and August 2021, predominantly linked to phishing campaigns orchestrated by cybercriminals to illicitly obtain financial resources. Therefore, the escalation in cyberattacks and security breaches significantly drives the demand for wireless testing services.
Technological advancements constitute a pivotal trend within the wireless testing market. Companies operating in this sphere are channeling efforts towards technological innovations, notably automated testing platforms, aimed at reducing time consumption and enhancing testing efficiency. A case in point occurred in March 2022 when Viavi Solutions, an American network test, measurement, and assurance technology company, unveiled FiberComplete PRO. This fiber test solution encompasses a suite of capabilities consolidating six test instruments into a singular automated platform. The product automates all fiber qualification tests essential for constructing and certifying any fiber optic network, significantly reducing fiber acceptance testing time by nearly 80%. This technological leap underscores the thrust for innovation driving the wireless testing market.
Prominent companies within the wireless testing market are actively introducing novel testing services, exemplified by offerings like the Matter wireless testing validation services, aimed at addressing challenges related to interoperability and device-to-device communication. Matter wireless testing validation services encompass a suite of testing and validation solutions tailored to adhere to the Matter 1.0 standard. Notably, in October 2022, Granite River Labs (GRL), a US-based provider of engineering services and test automation solutions, launched Matter wireless testing validation services. This initiative aims to streamline development for manufacturers while enhancing compatibility for consumers within the smart home and IoT ecosystem. GRL's accreditation as a key contributor in ensuring product compliance with Matter 1.0 specifications positions it as a pivotal entity supporting the seamless integration and adoption of this emerging technology.
In a significant strategic move during April 2021, Eurofins E&E, a Taiwan-based company specializing in mobile phones, network communications, chipsets, and telecommunications, completed the acquisition of A Test Lab Techno Corporation (ATL) for an undisclosed sum. This strategic acquisition underscores Eurofins' objective to augment its existing capabilities and broaden the range of services accessible to customers through the global network of E&E laboratories. ATL, a Taiwan-based firm specializing in telecommunications and information technology, specializes in wireless testing services. This acquisition strategically aligns with Eurofins E&E's objectives, bolstering its proficiency and service offerings within the wireless testing domain.
Major companies operating in the wireless testing market report are SGS Group, Anritsu Corporation, Bureau Veritas S.A., DEKRA SE, Rohde & Schwarz GmbH & Co KG, Intertek Group PLC, TUV Rheinland Group, Viavi Solutions Inc., Electro Magnetic Test Inc., EXFO Inc., BluFlux LLC, Spirent Communications PLC, Eurofins Scientific SE, Spirent Communications PLC, Keysight Technologies Inc., National Instruments Corporation, Cobham Wireless Limited, Teradyne Inc., Intelligraphics Inc., CTIA - The Wireless Association, Octoscope Inc., Wireless Telecom Group Inc., RedMango Analytics Inc., CETECOM GmbH, Global Wireless Solutions Inc., Elma Electronic AG, PCTEST Engineering Laboratory Inc., TestingHouse, DEWESoft d.o.o., Metricell Ltd.
North America was the largest region in the wireless testing market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the wireless testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wireless testing market consists of revenues earned by entities by providing performance testing, dynamic frequency selection (DFS) testing, specific absorption rate (SAR) testing, maximum permissible exposure (MPE) calculation. The market value includes the value of related goods sold by the service provider or included within the service offering. The wireless testing market also includes sales of FM transmitters, private mobile radio (PMR), radio-frequency identification (RFID) tag. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.