Wireless Testing Market to Generate Revenue Worth $31.23 Billion by 2030

The global wireless testing market is expected to generate revenue of $31.23 billion by 2030, advancing at a CAGR of 11.7% during the forecast period. This can be ascribed to the rise in internet penetration, along with better connectivity, and the large base of smartphone holders across the globe. Another driving force behind the market expansion is the rising need for testing equipment and services used for the manufacturing, R&D, installation, and maintenance of telecom devices.

North America Is Market Leader

North America held the largest market share in 2021. This is attributed to the growth in the consumer electronics and telecommunications sectors and the rise in the demand for smartphones. For instance, the sales of smartphones in the U.S. were worth $73.5 billion in 2021. Furthermore, the Federal Communications Commission has approved the provision of internet services across unconnected rural homes and businesses. With the greater penetration of the internet, the regional market is projected to grow at a high pace in the coming years.

The number of cellular network subscribers has exploded in the last 10 years. Additionally, quicker and more actively responsive connections are becoming the focus for telecommunications companies. As a result, testing is becoming increasingly necessary in this domain, including in the design phase, while testing and validating the design, during R&D phase, and while performing pre-conformance testing, manufacturing built-to-test products, and enhancing the performance of the deployed networks.

Services Category Dominates the Market

The services category dominates the market. The services category is divided into in-house and outsourced services. Companies are able to conduct internal control inspections and quality assurance programs due to the in-house testing facilities. These services are offered by specialized public or private sector businesses or organizations like SGS Group, Intertek, and others. The services provide clients with reassurance that the tested items meet all performance standards and are sustainable and safe to use.

An increase in the number of connected devices has led to the requirement for high-speed internet connectivity, especially in digitally-advanced workplaces. With 3G becoming obsolete and 4G expanding its prospects rapidly across different applications, efforts are being made worldwide on a large scale for the development of 5G technology. Also, the 5G infrastructure is expected to offer connectivity of more than 1 Gbps, as speculated by several leading network providers, such as AT&T, Sprint, and T-Mobile.

In addition, the market for wireless network test equipment and services is expanding as a result of the rising mobile data, combined with the increasing use of smart devices, the surging technological advancements in networking and communication, and the growing interoperability of network technologies.

Some of the major players operating in the wireless testing market are Dekra SE, Bureau Veritas SA, Keysight Technologies, Rohde & Schwarz GmbH & Co. KG, Viavi Solutions Inc., EXFO Inc., Anritsun Corporation, and Intertek Group PLC.