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P&S Intelligence Forecasts Wireless Testing Market To Reach $31.23 billion by 2030, at 11.7% CAGR

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P&S Intelligence Forecasts Wireless Testing Market To Reach $31.23 billion by 2030, at 11.7% CAGR

January 12
15:36 2023
P&S Intelligence Forecasts Wireless Testing Market To Reach $31.23 billion by 2030, at 11.7% CAGR
The Asia-Pacific wireless testing market is projected to experience the fastest growth, advancing at a CAGR of 12.3%.

Wireless testing evaluates a product’s functionality and real-time performance using wireless technologies including Wi-Fi, Bluetooth, and cellular connectivity. Over the years, this technology has developed to enable worldwide phone, data, and video communication.

The development of machine-to-machine connectivity and IoT sensors that are permanently connected to the internet has also increased demand for wireless testing. Thus, the global wireless testing market will reach USD 31.23 billion by 2030, as per P&S Intelligence.

The telecommunications sector has seen a rise in the count of cellular network subscriptions worldwide during the last 10 years. Additionally, innovation is growing toward connections that are more active and quicker responsive.

Download sample pages of this report: https://www.psmarketresearch.com/market-analysis/wireless-test-equipment-market/report-sample

APAC Market Will Grow at a Rapid Pace

Given that numerous rising nations in the area are quickly implementing such systems, APAC is a crucial industry for wireless testing solutions. Additionally, the APAC market will advance at a CAGR of 12.3%. This is due to the rapidly expanding use of mobile broadband, which is the main mode of broadband connection.

In addition, it is projected that the growing demand for wearables and smart electronics will fuel the rise of the market for wireless testing in consumer electronics applications.

Wireless testing is crucial in the electronics industry since the goods must be assessed for performance, usefulness, and safety before going on sale and where the focus is on developing compact, intelligent gadgets.

Services Category Led Demand for Wireless Testing

The category of services held the largest market share. Since wireless testing analyzes maintenance and network installation, it gradually increased demand for these services as educational institutions and business offices went online during the epidemic.

Additionally, the number of sensitive data created has increased exponentially as a result of the expanding internet penetration and rising use of digital services. Moreover, it is predicted that government efforts for free Wi-Fi connections in several countries, including India, would provide sizable market opportunities in the upcoming years.

Wi-Fi technology has become the most extensively used cellular offloading method since it is unlicensed, inexpensive, and generally available.

Browse detailed report on Global Wireless Testing Market Growth, Development and Demand Forecast Report 2030

Consumer Electronics Dominates Market

In terms of revenue, the consumer electronics category led the market for wireless testing. This is mostly caused by the increase in demand for wearable technology and smart electronic devices. In the consumer electronics sector, where items are evaluated for performance, functionality, and safety, wireless testing is essential.

Additionally, three of the most popular technologies utilized in consumer devices including smartphones and tablets are GSM, UMTS, and LTE. These days, several businesses test a variety of wireless technologies used in consumer devices, including near-field communication (NFC), cellular, Bluetooth, and Wi-Fi.

Customers increasingly favor smart fitness bands that can display step count, heart rate, blood pressure, and SpO2 level so they can monitor their health as fitness and health awareness among consumers rises.

Moreover, linked wireless gadgets such as thermostats, HVAC systems, security cameras, and utility meters are included in smart homes. These products are in high demand worldwide.

Market Size Breakdown by Segment

By Offering

  • Equipment
  • Services

By Connectivity type

  • Wireless network testing
  • Wireless device testing

By Application

  • Consumer Electronics
  • Automotive
  • IT & Telecommunication
  • Energy & power
  • Medical devices
  • Aerospace & Defense
  • Industrial

By Region

  • North America Wireless Test Equipment Market
    • By offering
    • By connectivity type
    • By application
    • By country – U.S. and Canada
  • Europe Wireless Testing market
    • By offering
    • By connectivity type
    • By application
    • By country – Germany, France, U.K., Spain, Italy, and Rest of Europe
  • Asia-Pacific Wireless Testing market
    • By offering
    • By connectivity type
    • By application
    • By country – China, Japan, India, Australia, South Korea, and Rest of APAC
  • Latin America Wireless Test Equipment Market
    • By offering
    • By connectivity type
    • By application
    • By country – Brazil, Mexico, and Rest of LATAM
  • Middle East and Africa Wireless Test Equipment Market
    • By offering
    • By connectivity type
    • By application
    • By country – South Africa, Saudi Arabia and Rest of MEA

Browse more reports published by P&S

Global Wireless Charging Market Report – https://www.psmarketresearch.com/market-analysis/wireless-charging-market

 

Global Smart Cities Market Report – https://www.psmarketresearch.com/market-analysis/smart-cities-market

 

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

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Website: https://www.psmarketresearch.com/market-analysis/wireless-test-equipment-market

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