Report : Wireless Testing Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Offering (Equipment and Services), Technology (Bluetooth, Wi-Fi, GPS, 2G/3G, 4G/LTE, and 5G), and Application (Consumer Electronics, Automotive, IT and Telecommunication, Energy and Power, Medical Devices, Aerospace and Defense, Industrial, and Others)
According to our latest market study on “Wireless Testing Market to 2027 – COVID-19 Impact and Global Analysis and Forecast – by Offering (Equipment and Services), Technology (Bluetooth, Wi-Fi, GPS, 2G/3G, 4G/LTE, and 5G), and Application (Consumer Electronics, Automotive, IT and Telecommunication, Energy and Power, Medical Devices, Aerospace and Defense, Industrial, and Others),” the market was valued at US$ 11,616.2 million in 2021 and is projected to reach US$ 17,379.7 million by 2027; it is expected to grow at a CAGR of 6.8% from 2021-2027.
The report highlights the key factors driving the market growth, and prominent players and their developments in the market.
Adoption of smart devices and rise in investment by governments toward Internet of Things (IoT) initiatives are propelling the growth of IoT devices. Countries, such as Singapore, Japan, China, and Australia, are taking initiatives based on R&D and are supporting IoT installation in manufacturing, utilities, and retail. Due to the high rate of adoption of IoT devices, testing is considered a crucial factor in all phases of product lifecycle to ensure proper functionality, long battery life, and high performance. Thus, vendors are procuring wireless testing solutions to ensure products are of the finest quality in order to enhance customer satisfaction. Companies are highly involved in designing wireless testing solutions for cloud and IoT devices. For instance, Element Materials Technology offers testing services for IoT devices. Its IoT testing services cover a broad range of wireless devices—such as Wi-Fi, cellular radios, RFID, ZigBee, and Bluetooth devices—with customers from consumer & home, healthcare & life sciences, buildings transportation, energy, industrials, and IT & networks industries.
Several countries are highly investing in the deployment of 5G networks for high-speed internet. For instance, in September 2019, telecom operators, such as Reliance Jio, Airtel, and Vodafone Idea, invested US$ 30.5 billion to introduce 5G services in India. Additionally, in July 2020, South Korea-based mobile operators SK Telecom, KT, and LG Uplus have invested a total of US$ 22 billion through 2022 to accelerate 5G infrastructure across the country. With such a huge focus on 5G development, the network is expected to demand wireless testing solutions in order to avoid a network failure. In July 2019, Viavi Solutions collaborated with Samsung Electronics to test the 5G network performance. Samsung selected its TM500 Network Tester and TeraVM 5G Core Emulator to authenticate the performance of 5G network equipment. Such collaborations boost the advancements in 5G commercial services. In December 2019, Anritsu Corporation declared that Rakuten Mobile, Inc. had implemented its 5G NR test solution for 5G New Radio (5G NR) acceptance tests. In September 2020, Viavi Solutions offered 5G test solutions to the China Mobile Research Institute. Hence, growing potential of 5G and massive adoption of testing solutions by numerous companies would propel the market growth during the forecast period.
Key players profiled in the report study include Anritsu Corporation; Bureau Veritas; Dekra Certification B.V.; EXFO; INTERTEK GROUP PLC; Keysight Technologies, Inc.; Rohde & Schwarz GmbH & Co. KG; SGS SA; TÜV Rheinland; and Viavi Solutions Inc.
COVID-19 Impact on Wireless Testing Market
The global electronic & semiconductor industry is one of the major industries suffering serious disruptions due to the coronavirus crisis. COVID 19 is impacting the growth of the global wireless testing market. Factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have negatively impacted the wireless testing market.
The report segments the global wireless testing market as follows: