The wireless network test equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Wireless Network Test Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The wireless network testing equipment market size has grown strongly in recent years. It will grow from $4.95 billion in 2023 to $5.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to proliferation of mobile devices and user connectivity, increasing demand for mobile data, emergence of iot and smart devices, stringent regulatory requirements, growing complexity of network infrastructure.
The wireless network testing equipment market size is expected to see strong growth in the next few years. It will grow to $7.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to 5G network expansion, edge computing and edge networking, AI and ML integration, demand for virtualized and cloud-native solutions, increased focus on security and privacy. Major trends in the forecast period include integration of 5G and WI-FI 6/6e technologies, expansion of iot and industry 4.0 applications, adoption of network slicing and network orchestration, growth of private 5G networks and campus solutions, emergence of AI-driven network automation and self-healing systems.
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Scope Of Wireless Network Test Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Wireless Network Test Equipment Market Overview
Market Drivers –
The rising demand for high-speed wireless connectivity is expected to propel the growth of the wireless network testing equipment market going forward. High-speed wireless connectivity refers to the capability of transmitting and receiving data wirelessly at a significantly fast rate, facilitating rapid communication and data transfer, between devices over a wireless network. The increasing number of IoT connections drives demand for high-speed wireless connectivity due to the need for efficient and real-time data transmission and processing across a vast network of interconnected devices. Wireless network testing equipment is used to assess and validate the performance of high-speed wireless connectivity by conducting comprehensive tests on factors such as signal strength, data transfer rates, latency, and overall network reliability. These tools help identify potential issues, optimize network configurations, and ensure that the wireless network meets the required performance standards for seamless and efficient communication. For instance, in February 2023, according to the State of the Internet 2021 report published by HighSpeedInternet.com, a US-based internet speed comparing tool company, the average national internet speed in the US almost doubled to reach 99.3 Mbps in 2021, up from 42.86 Mbps in 2020. Furthermore, in February 2022, according to the GSM Association, a UK-based non-profit organization, there were 15.1 billion IoT connections in 2021 and they are expected to reach 23.3 billion by 2025. Therefore, the rising demand for high-speed wireless connectivity is driving the growth of the wireless network testing equipment market.
Market Trends –
Major companies operating in the wireless network testing equipment market are developing new products, such as handheld network analyzers, to gain a competitive edge in the market. Handheld network analyzers are portable electronic devices used for analyzing, troubleshooting, and testing network connections, protocols, and performance parameters in various communication systems, including wired and wireless networks, to diagnose issues, optimize performance, and ensure efficient data transmission. For instance, in May 2022, NetAlly LLC, a US-based software company, launched the EtherScope nXG Portable Network Expert, a handheld analyzer specifically designed for Wi-Fi 6/6E testing. It offers full visibility of Wi-Fi 6 across all three 802.11 bands. The EtherScope nXG guarantees effective connecting, provisioning, and monitoring of new Wi-Fi protocols and frequencies, alongside legacy technologies, with enhancements that cater to both wired and wireless networks. capabilities like TruPower load testing and LANBERT performance testing are among the capabilities that make this possible. It offers extensive features like Reduced Neighbor Reports, Multi-BSSID provisioning, and using AirMapper to survey 6GHz coverage and performance. It is specifically designed to tackle the challenges associated with Wi-Fi 6/6E deployments. This cutting-edge tool provides network engineers with the necessary visibility and validation for the successful deployment and management of next-generation Wi-Fi technologies.
The aerospace support and auxiliary equipment market covered in this report is segmented –
1) By Type: Commercial Radars, Satellites
2) By Ownership: Public, Private
3) By Platform: Airborne, Land, Naval, Space
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite
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Regional Insights –
North America was the largest region in the wireless network test equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless network test equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major companies operating in the wireless network test equipment market are Huawei Technologies Co. Ltd. , Cisco Systems Inc., Qualcomm Incorporated, Ericsson AB, Nokia Corporation, Thales Group, Fluke Networks Corporation, Keysight Technologies Inc., Gemalto NV, Rohde & Schwarz GmbH & Co. KG, VIAVI Solutions Inc., NETSCOUT Systems Inc., Anritsu Corporation, Spirent Communications plc, EXFO Inc., Teoco Corporation, Infovista, Empirix Inc., DingLi Communications Corp. Ltd., RADCOM Ltd., Bird Technologies, OdiTek Solutions Pvt. Ltd., Airtrace Ltd., VeEx Inc., Accuver Co. Ltd.
Table of Contents
1. Executive Summary
2. Wireless Network Test Equipment Market Characteristics
3. Wireless Network Test Equipment Market Trends And Strategies
4. Wireless Network Test Equipment Market – Macro Economic Scenario
5. Global Wireless Network Test Equipment Market Size and Growth
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32. Global Wireless Network Test Equipment Market Competitive Benchmarking
33. Global Wireless Network Test Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wireless Network Test Equipment Market
35. Wireless Network Test Equipment Market Future Outlook and Potential Analysis
36. Appendix
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