Wireless Test Equipment Market Evolving Technology, Trends and Industry Analysis to 2022
The
wireless test equipment market valued $4.5 billion in 2015, and it is
expected to grow at a 6.1% CAGR during the forecast period (2016–2022). It is
witnessing growth due to the increasing demand for mobile data offloading, HetNets,
and small cells and funding by companies in network function virtualization
(NFV). The hardware used in the test and measurement of outdoor and indoor
wireless communication technologies and connectivity protocols, such as LTE TDD, LTE FDD, Wireless Sensor
Network (WPAN) 802.11 a/b/g/n/ac/ad, GSM/GPRS/EGPRS/E-EDGE, and GPS is termed
as wireless test equipment.
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The wireless test
equipment market is observing the trend of product launches. The wireless
telecommunication industry is undergoing a rapid change, where market players
are continuously innovating their products and technologies to stay ahead of
the curve; therefore, many new products are being launched globally.
A
major driver of the wireless test equipment market is the rising demand
for mobile data offloading. Also referred to as Wi-Fi offloading, it makes use
of complementary network technologies to deliver data to a cellular network.
Offloading is beneficial as it frees the bandwidth for other users by
downsizing the data being carried on the cellular bands. Therefore, to keep up
with the rising user demand, network operators are devising more-economical and
effective ways to serve them.
The
wireless test equipment market is segmented by region and product type.
Based on region, the categories are Asia-Pacific (APAC), North America, Europe,
and Rest of the World. In the historical period (2012–2015), APAC was the
largest market for wireless test equipment among all regions. The Rest of the World
category and the Asia-Pacific region are projected to account for 49.0% of the total
market revenue by 2022, as most developing countries are in these two regions. Of
these, APAC is expected to register the higher CAGR.
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Based on product type, the classifications
of the wireless test equipment market are mobile device test, mobile
backhaul and wireless core test, base station, and drive test equipment. In
2015, the highest revenue share was held by the mobile device test equipment
classification. Such equipment comprises single-box testing systems and
benchtops that are widely used in the performance, protocol, and capability
testing of cellular devices.
Thus,
with the growth and transformation of the telecom industry, the demand for
wireless test equipment would also increase.
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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