Wireless Testing Market worth USD 19.1 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Wireless Testing Market by Offerings (Equipment and Services), by Technology (Wi-Fi, Bluetooth, 2G/3G, 4G/LTE, and 5G), by Application (Consumer Electronics, IT & Telecommunication, Energy & Power, Healthcare, Automotive, and Others), by Region – Global Share and Forecast to 2030".

The global wireless testing market size was USD 10.5 billion and is estimated to reach USD 19.1 billion by 2030. The market is projected to grow at a CAGR of 6.9% during the forecast period. A rise in the adoption of smart devices in emerging economies creates growth opportunities for the wireless testing market. In addition, the growing population and surge in Internet penetration are some of the key factors boosting the demand for smart devices. However, a lack of skilled workforce and high cost are expected to hamper the growth of the wireless testing market. On the contrary, the high adoption of IoT technologies is anticipated to provide lucrative opportunities for expanding the wireless testing industry during the forecast period.

Global Wireless Testing Market Segmentation

The overall wireless testing market has been segmented into the offerings, technology, application, and region.

• By Offerings (Equipment and Services)
• By Technology (Bluetooth, Wi-Fi, 2G/3G, 4G/LTE, and 5G)
• By Application (IT & Telecommunication, Consumer Electronics, Automotive, Energy & Power, Healthcare, and Others)
• By Region (North America, Asia Pacific, Europe, South America, and the Middle East & Africa)

4G/LTE, by technology, is estimated to hold the largest market share during the forecast period

By technology, the wireless testing market is divided into Wi-Fi, Bluetooth, 2G/3G, 4G/LTE, and 5G. The 4G/LTE segment was the highest contributor to the wireless testing market. 4G/LTE technology is a standard for wireless communication of high-speed data for mobile phones and data terminals.

The 4G/LTE market shows an outstanding growth rate in the global market, due to huge growth for revamping the industries and adopting advanced technologies. Furthermore, increasing the requirement for higher data rates to support various multimedia applications and the high demand for an enhanced wireless communication system have become necessary, which is expected to drive the market growth. During the development stage of such a wireless communication system, it is necessary to perform continuous functional and performance tests for a reliable and efficient end-product.

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North America accounts for the largest market share in wireless testing market 2021

Region-wise, the wireless testing market is analyzed across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the highest market share of 37.7% in the global wireless testing market and was anticipated to maintain its dominance throughout the forecast period. North America includes the U.S., Canada, and Mexico. The well-established electronics industry and rapid adoption of wireless technologies in North America have significantly contributed to the growth of the wireless testing market.

North America secures a significant share in the revenue of the market. This is attributed to the presence of countries such as the U.S. and Canada, where the governments are extending their involvement to promote the use of wireless devices in the industrial sector. In addition, the rise in adoption of 5G technologies, innovation in the automotive industry, and the huge industrial base are expected to create lucrative opportunities for the market. The growing demand of wireless technology in the automotive industry has surged the need for wireless testing, which may propel the growth of the wireless testing market.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the wireless testing market. It also consists of the profiles of leading companies such as SGS Group, Anritsu Corporation, Bureau Veritas, Intertek Group Plc., DEKRA SE, TUV Rheinland, EXFO Inc., Viavi Solutions Inc., Rohde & Schwarz GmbH & Co., and Electro Magnetic Test, Inc.

Browse complete report: https://www.marketstatsville.com/wireless-testing-market

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