Wireless Testing Market worth $14.4 billion by 2024 with a growing CAGR of 6.7%

The global wireless testing market size was valued at USD 10.4 billion in 2019 and is projected to reach USD 14.4 billion by 2024; it is expected to grow at a CAGR of 6.7% during the forecast period. The adoption of advanced manufacturing techniques that require minimum human intervention and maintain quality of products has been increasing across different industry verticals. Recent advancements in wireless technologies such as 4G and 5G have increased the scope for wireless testing in a wide range of applications in the industrial and commercial sectors. Also, increased demand for low power consumption devices used to carry out machine-to-machine communication of devices fuel the demand for wireless devices. This, in turn, contributes to the growth wireless testing market, globally.

Based on offering, the market for wireless testing services market is expected to grow at the highest CAGR. This high growth is attributed to the assessment of the quality and safety of products to reassure consumers that a manufacturer has followed national and international regulations and industry standards that ensure product quality, environmental protection, and public health and safety.

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Based on connectivity technology, wireless device testing technology held the largest market share in 2018. Technologies such as 2G/3G/5G, Wi-Fi, Bluetooth, WLAN are included in wireless device testing technology. 2G is capable of carrying out data and voice transmission. 3G offers improved data transfer rates and increased voice carrying capacity. This has led to an increase in demand for wireless testing of 3G technology to manage and maintain networks.  5G mobile networks are expected to be the next telecommunication standards as 5G communication exhibits advanced characteristics. 5G technology is expected to bring new unique network and service capabilities. 5G is expected to possess some inherent complexities as it comprises several elements that work simultaneously. Failure at any level in 5G networks is expected to lead to discontinuation of services. To prevent such failures, it is essential to test 5G networks. 

Based on application, consumer electronics is expected to grow at the highest rate. Wireless testing plays an important role in the consumer electronics industry. Moreover, every consumer electronic product requires to be tested for its functioning, safety, and performance before its commercialization. The providers of testing services conduct tests of different wireless technologies such as Bluetooth, cellular, near-field communication (NFC), and Wi-Fi, which are incorporated in consumer electronics. With the advancements in LTE, mobile phones have become increasingly complex concerning the number of support standards (4G/3G/2G broadband, Wi-Fi, Bluetooth, and GPS) and associated frequencies, which require to be tested, verified, and validated.

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APAC wireless testing market is held the largest market share in 2018. The growth of the wireless testing market in APAC is driven mainly by the growth of the smartphone market in the region. APAC is witnessing dynamic changes in terms of the adoption of new technologies across various industries. 5G technology is expected to play an integral role in advanced technologies such as IoT and M2M. China, Japan, and India are emerging as high growth countries in the wireless testing market due to an increase in the spending of mobile operators and rapidly growing mobile subscriber base. In Japan, the rising demand for wireless network testing is mainly attributed to the huge deployments of 4G/LTE networks.