Wireless Test Equipment Market Size, Supply and Demand with Global Forecasts to 2022
The global Wireless Test Equipment market was valued at $4.5
billion in 2015, and it is expected to grow at a CAGR of 6.1% during 2016 -
2022. Among the three major types of wireless test equipment, the mobile device
test equipment accounted for largest market in 2015.
The global wireless test equipment market has been growing
mainly due to the evolution of wireless telecommunication industry. The growing
consumer base for mobile data has been further propelling the demand of
wireless test equipment.
The major opportunities that the companies in the wireless
test equipment market can take leverage of include growing penetration of
long-term evolution (LTE) in the developing countries and prospects from the
emerging 5G technology. Most of the developing countries lie in Asia-Pacific
and Rest of the World regions. The two regions are expected to account for 49%
of the global wireless test equipment revenue by 2022. The market for wireless
test equipment is expected to witness highest growth in Asia-Pacific during the
forecast period.
GSM/EDGE and UMTS/HSPA technologies. The fixed broadband
household and small and medium sized enterprises (SMEs) penetration is low in
most part of Asia-Pacific. Mobile broadband is expected to be the major form of
broadband access for majority of people in South East Asia and Oceania. This is
likely to lay opportunity for operators to fulfill the need for home broadband
and SME solutions through alternative access technologies, such as LTE. In
2015, a mere 5% of the total mobile subscriptions in South East Asia and
Oceania were LTE. This is expected to cross 40% by 2021. This growth is likely
to augment the wireless test equipment market in the region during the coming
years.
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The continuous up gradation of the wireless
telecommunication is impelling the wireless test equipment providers to enhance
their existing offerings. The major players including Ixia, Anritsu and Viavi
modified some of their products during 2016.
MARKET SEGMENTATION
By Product Type
Mobile device test equipment
Base station equipment
Drive test equipment
Mobile backhaul and wireless core test equipment
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Some of the key players in the global wireless test
equipment industry include Ixia, Rohde & Schwarz, Keysight Technologies,
Anritsu, Viavi, Teradyne, Spirent Solutions, Cobham Plc, and National
Instruments Corporation.
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