Wireless Testing Market worth $23.7 billion by 2027 – Exclusive Report by MarketsandMarkets™ – Yahoo Finance
CHICAGO, June 15, 2022 /PRNewswire/ — According to the report “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”, published by MarketsandMarkets™, the global market size is projected to grow from USD 13.5 billion in 2022 to USD 23.7 billion by 2027; it is expected to grow at a CAGR of 11.9% from 2022 to 2027.
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The key factors contributing to the growth of wireless testing market include rising advancement in wireless technology and growing adoption of smart gadgets. However, lack of standardization in connectivity protocols is hindering the growth of wireless testing market. Long lead time required for the overseas qualification tests possesses a huge challenge to the industry. However, increasing demand for smart cities and smarthomes is the biggest opportunity in the market space with Asia Pacific having the highest market share and CAGR for the forecast period.
Ability of spectrum analyzers to connect to wireless devices and analyze electromagnetic signals to fuel market growth for wireless device testing market
Spectrum analyzers display the amplitude (strength) of signals. They measure the magnitude of input signals against the frequency in the entire frequency bandwidth range of instruments. These devices analyze the spectral compositions of acoustic waves and light waves with the help of transducers. Analyzers are useful for understanding the parameters of electronic devices, especially wireless transmitters as the spectral working of instruments, in terms of signals, distortions, frequencies, and power, can be easily observed. These parameters are hard to detect in time-domain waveforms. There are two types of spectrum analyzers namely swept-tuned and fast Fourier transform (FFT) based spectrum analyzers.
Asia Pacific exhibit the highest CAGR during the forecast period
APAC is likely to be the highest contributor in terms of market size and growth rate in the overall wireless testing market during the forecast period. This market in APAC is further divided into China, Japan, South Korea, India, Taiwan, Australia, Singapore and Rest of APAC (RoAPAC). RoAPAC includes Indonesia and Philippines. Among all the countries in APAC, China held the largest share of the wireless testing market in 2021 due to deployment if 5G services in many cities of China.
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