PUBLISHER: The Business Research Company | PRODUCT CODE: 1464224
PUBLISHER: The Business Research Company | PRODUCT CODE: 1464224
Wireless network test equipment encompasses a collection of tools and devices designed for evaluating, analyzing, and troubleshooting the performance and functionality of wireless networks. This equipment plays a crucial role in verifying and ensuring the correct operation and effectiveness of wireless networks.
The primary categories of wireless network test equipment encompass wireless network drive test equipment, wireless network crowdsourcing equipment, wireless network monitoring equipment, wireless OSS with geolocation network equipment, wireless SON network testing equipment, and wireless network site testing equipment. Specifically, wireless network drive test equipment refers to specialized tools and devices employed by telecommunication companies, network operators, and wireless service providers for conducting drive tests on wireless networks. These tests cover a spectrum of network technologies, including 2G, 3G, 4G wireless network test equipment, and 5G wireless network test equipment. These tools are commonly utilized by telecommunication service providers and enterprises to ensure optimal network performance.
The wireless network test equipment market research report is one of a series of new reports from The Business Research Company that provides wireless network test equipment market statistics, including wireless network test equipment industry global market size, regional shares, competitors with wireless network test equipment market share, detailed wireless network test equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the wireless network test equipment industry. This wireless network test equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The wireless network testing equipment market size has grown strongly in recent years. It will grow from $4.95 billion in 2023 to $5.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The expansion observed in the historical period can be attributed to several factors, including the proliferation of mobile devices and user connectivity, a rising demand for mobile data, the emergence of IoT and smart devices, adherence to stringent regulatory requirements, and the increasing complexity of network infrastructure.
The wireless network testing equipment market size is expected to see strong growth in the next few years. It will grow to $7.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to various factors, including the expansion of 5G networks, the rise of edge computing and edge networking, integration of AI and ML technologies, increased demand for virtualized and cloud-native solutions, and a heightened focus on security and privacy. Significant trends expected in the forecast period encompass the integration of 5G with Wi-Fi 6/6E technologies, the proliferation of IoT and Industry 4.0 applications, the adoption of network slicing and network orchestration, the growth of private 5G networks and campus solutions, and the emergence of AI-driven network automation and self-healing systems.
The increasing demand for high-speed wireless connectivity is set to drive the growth of the wireless network testing equipment market. High-speed wireless connectivity enables rapid data transmission and reception wirelessly, facilitating efficient communication and data transfer across devices. The growing number of Internet of Things (IoT) connections further fuels the need for high-speed wireless connectivity to support real-time data transmission and processing across a vast network of interconnected devices. Wireless network testing equipment plays a crucial role in assessing and validating the performance of high-speed wireless connectivity. These tools conduct comprehensive tests on factors such as signal strength, data transfer rates, latency, and overall network reliability. This ensures the identification of potential issues, optimization of network configurations, and adherence to required performance standards. For example, in February 2023, the average national internet speed in the US nearly doubled to 99.3 Mbps from 42.86 Mbps in 2020, as reported by HighSpeedInternet.com. Additionally, the GSM Association reported 15.1 billion IoT connections in 2021, expected to reach 23.3 billion by 2025, emphasizing the growing demand for high-speed wireless connectivity and driving the wireless network testing equipment market.
Leading companies in the wireless network testing equipment market are focusing on product innovation to gain a competitive advantage. One notable trend is the development of handheld network analyzers, portable devices used for analyzing, troubleshooting, and testing network connections, protocols, and performance parameters in various communication systems. NetAlly LLC, a US-based software company, launched the EtherScope nXG Portable Network Expert in May 2022, specifically designed for Wi-Fi 6/6E testing. This handheld analyzer offers full visibility of Wi-Fi 6 across all three 802.11 bands, ensuring effective connection, provisioning, and monitoring of new Wi-Fi protocols and frequencies, along with legacy technologies. Advanced features such as TruPower load testing and LANBERT performance testing make it a valuable tool for tackling challenges associated with Wi-Fi 6/6E deployments, providing network engineers with necessary visibility and validation for successful deployment and management of next-generation Wi-Fi technologies.
In March 2021, Spirent Communications plc, a UK-based telecommunications company, acquired OctoScope Inc. for $73 million. This strategic acquisition solidified Spirent's position as a leading provider of Wi-Fi testing solutions. The acquisition of OctoScope enhanced Spirent's presence in the expanding Wi-Fi market and complemented its existing portfolio of 5G solutions. This move facilitated sustainable, profitable growth, allowing Spirent to address a broader range of complex Wi-Fi challenges for its customers. OctoScope Inc., a US-based technology company, specializes in providing wireless test solutions and methodologies to the wireless industry.
Major companies operating in the wireless network test equipment market report are Huawei Technologies Co. Ltd., Cisco Systems Inc., Qualcomm Incorporated, Ericsson AB, Nokia Corporation, Thales Group, Fluke Networks Corporation, Keysight Technologies Inc., Gemalto NV, Rohde & Schwarz GmbH & Co. KG, VIAVI Solutions Inc., NETSCOUT Systems Inc., Anritsu Corporation, Spirent Communications plc, EXFO Inc., Teoco Corporation, Infovista, Empirix Inc., DingLi Communications Corp. Ltd., RADCOM Ltd., Bird Technologies, OdiTek Solutions Pvt. Ltd., Airtrace Ltd., VeEx Inc., Accuver Co. Ltd.
North America was the largest region in the wireless network test equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless network test equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the wireless network test equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wireless network test equipment market consists of sales of spectrum analyzers, signal generators, protocol analyzers, network analyzers, and RF (radiofrequency) meters. 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.
Wireless Network Test Equipment 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 network test equipment 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 network test equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wireless network test equipment 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 impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.