The wireless testing market size stood at USD 11.54 billion in 2021, which is projected to reach USD 31.23 billion by 2030, advancing at a CAGR of 11.7% during 2021–2030, as per P&S Intelligence.
This growth can be credited to the development of 5G networks throughout the world, the increase in demand from the consumer electronics market, and quick technological enhancements in wireless testing technologies.
The APAC region is set to witness the growth with the fastest pace progressing at a compound annual growth rate of 12.3% in the coming years. This is because of the increasing installation of mobile broadband, which is the prime technique of broadband access in the region. Also, APAC is a key industry for wireless testing solutions, as the region has numerous developing countries accepting such systems rapidly.
In 2021, the services category held the highest revenue share. In the middle of the pandemic, corporate offices and educational institutes gone online, which ultimately elevated the need for wireless testing facilities, as it assesses upkeep and network deployment.
Furthermore, the increasing usage of the internet and growing acceptance of digital facilities has directed to an extensive hike in the size of vital information being produced. Also, with this, there is a requirement for improving the set-up solutions, which is boosting the wireless testing market growth.
The 5G network is only in its deploying stage. It is expected this new technology will offer new, service capabilities and a special network. It would ensure a better user experience constantly in problematic conditions like extremely remote settings and compactly inhabited locations. As per the 5G chipset makers and best network operators, the 5G set-up would support offering the speed upto1 billions of bits per second.
Moreover, the 5G system is projected to deliver immediate service distribution, a high device connection density, and a better data transfer rate. The novel broadband applications will be boosted by these networks with remarkably reduced latency.
In 2021, consumer electronics had the major market share in the market. This growth can be credited to the mounting demand for smart electronic and wearable devices. Testing of wireless devices is vital in the market, where items are tried for performance, functioning, and safety.
UMTS, LTE, and GSM are the most popular technologies utilized in consumer electronics, such as tablets and smartphones. Several wireless technologies in customer electronics, including cellular, Bluetooth, Wi-Fi, and near-area communication are tried by several businesses nowadays.
Thus, the growth of 5G networks throughout the world, the increase in demand from the consumer electronics market, and quick technological enhancements in wireless testing technologies are the major factors driving the wireless testing industry.
