According to the new research report, titled “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),” published by The Insight Partners, the market is expected to reach US$ 17,379.7 million by 2027, registering a CAGR of 6.8% during 2020–2027.
The wireless testing market in APAC is further segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. Rise in disposable income and betterment of internet infrastructure in the Asian territory allow individuals to purchase high-end products, including smartphones, laptops, wearables, and tablets. China, India, and Indonesia, are emerging markets with a large number of smartphone users. Currently, there is a high demand for cost-effective and low power-consuming consumer electronic devices with wireless connectivity. Insufficient testing of the products may lead to greater repair and return frequencies.
APAC has a strong automotive sector, supported by the growing automotive manufacturing industry in countries, such as China, India, South Korea, and Japan. The continuous growth in the economies of developing countries, along with increasing disposable incomes, has facilitated the rapid growth of the automotive industry in this region. The automotive manufacturers in APAC are focusing on developing technologically advanced products to gain a strong market position by attracting a strong customer base and generating greater revenues. The advanced cars require testing solutions to address the new system infrastructures. Thus, the industry is highly adopting wireless testing solutions.
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UL Japan, a subsidiary of Underwriters Laboratories (UL), launched a long-term evolution (LTE) device verification and evaluation testing service, attributed by KDDI Corp., a Japan-based communications carrier. UL Japan commenced its evaluation testing on KDDI devices, including modules, smartphones, and chipsets, to assess connectivity between mobile devices and base stations; the testing was based on code division multiple access and LTE access services for third-generation mobile phones. Thus, growing emphasis on testing electronic and automotive products would fuel the growth of the market in APAC during the forecast period.
The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries in APAC. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is one of the worst affected countries due to this pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting manufacturing, and sales of various products and services.
Key Findings of Study:
KEYSIGHT TECHNOLOGIES, SGS SA, BUREAU VERITAS, ROHDE & SCHWARZ & CO, ANRITSU, INTERTEK GROUP PLC, VIAVI SOLUTIONS INC, EXFO -PROMINENT MARKET PARTICIPANTS IN WIRELESS TESTING MARKET
The global wireless testing market is segmented based on offering, technology, and application. Based on offering, the wireless testing market is segmented as equipment, services. Equipment type includes wireless device testing (oscilloscope, signal generators, spectrum analyzers, and network analyzers) and wireless network testing (network testers, network scanners, and OTA testers). Based on technology, the market is segmented as Bluetooth, Wi-Fi, GPS, 2G/3G, 4G/LTE, and 5G. Based on application, the market is segmented as consumer electronics, automotive, IT and telecommunication, energy and power, medical devices, aerospace and defense, industrial, others (research, education, and government).
Some of the 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. The market players are majorly focusing on market initiatives for sustaining in the competitive environment, such as, in 2020, Keysight Technologies, declared that DEKRA has selected Keysight’s end-to-end test solutions to certify 5G new radio (NR) and vehicle-to-everything (V2X) devices, in compliance with a wide range of requirements, to enhance safety in human interaction with technology, including vehicles. Similarly, in 2020 Intertek declared an expansion to its assurance, testing, and certification services for 5G products for its assurance, testing, and certification services. Such factors are anticipated to propel the market growth during the forecast period.
Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year. Most of the market initiatives were observed in North America region, which have a high potential of wireless testing providers.
Few of the important market initiatives and product developments from the industry are mentioned below:
Keysight Introduced New Test Solution Keysight Technologies, Inc. has introduced a new test solution that optimizes the performance of 5G devices that use MIMO* and massive MIMO technology to increase data throughput and improve network capacity
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