The Worldwide Wireless Testing Industry is Expected to Reach $23.7 Billion by 2027 – Yahoo Finance

September 20, 2022 by No Comments

Company Logo

Global Wireless Testing Market

Global Wireless Testing Market

Dublin, Sept. 20, 2022 (GLOBE NEWSWIRE) — The “Wireless Testing Market by Offering (Equipment and Services), Technology (Bluetooth, 2G/3G, 4G/5G, Wi-Fi), Application (Consumer electronics, Automotive, IT & telecommunication, Medical devices, Aerospace & defense) & Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The global wireless testing market size is valued at USD 13.5 billion in 2022 and is anticipated to be USD 23.7 billion by 2027; growing at a CAGR of 11.9% from 2022 to 2027. The growing deployment of 5G network and adoption of IoT devices is expected to grow the market at an estimated rate.

The wireless computing industry is redesigning the ways in which individuals share information. Wireless technology and telecommunication are important technologies in business organizations today. The utilization of these technologies has enhanced business efficiency. For example, Wi-Fi offloading helps businesses by staying connected in areas and consuming less data which cellular networks struggle to reach. Network congestion was a big issue during the past decade and will continue to be so, due to the rising demand for video content.

Rising deployment of integrated instruments to drive the demand for wireless device testing globally

Rising competition among manufacturers and increasing demand for future-proof solutions are the factors that are expected to drive the growth of the market for oscilloscopes. The wireless device testing market is likely to witness connectivity and convergence trends, including the development of innovative network technologies and advancements in artificial intelligence; social media trends, such as new trends in networking and digital marketing; and smart trends, including the integration of intelligent sensing technology-based smart products with internet technologies for fast communication and improved efficiency. The increasing use of artificial intelligence in electronic devices and rising deployment of integrated instruments with high bandwidth as well as improved user interface are factors that drive the demand for wireless device testing globally.

Consumer electronics applications to register the highest CAGR during the forecast period

Manufacturers of complex electrical and electromechanical devices demand high-resolution inspection techniques to ensure the reliability and high performance of their devices. Wireless testing plays an important role in the consumer electronics industry, wherein the focus is on making devices compact and smart. Moreover, every consumer electronic product requires to be tested with respect to its functioning, safety, and performance prior to its commercialization.

As such, these products undergo component tests, integration tests, and end-of-line production tests. Consumer devices, such as smartphones and tablets mainly use technologies, such as GSM, universal mobile telecommunication system (UMTS), and LTE. The providers of testing services conduct tests of different wireless technologies, such as Bluetooth, cellular, near-field communication (NFC), and Wi-Fi, which are incorporated in consumer electronics.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Wireless Testing Market, 2022-2027 (USD Million)
4.2 Wireless Testing Market, by Offering
4.3 Market, by Application and Region
4.4 Market, by Region
4.5 Market, by Application
4.6 Market, by Connectivity Technology

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Advancements in Wireless Technology
5.2.1.2 Increasing Focus on the Development of the 5G Network
5.2.1.3 Growing Global Adoption of Smartphones and Smart Gadgets<…….

Source: https://finance.yahoo.com/news/worldwide-wireless-testing-industry-expected-103300582.html

Tags:

Leave a Comment

Your email address will not be published.