Market Size of Communication Test Equipment (CTE) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.70 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Communication Test Equipment Market Analysis
Communication test equipment (CTE) market is expected to register a CAGR of 6.7 over the forecast period(2021 - 2026).
- The growing volumes of data is one of the significant factors contributing to the growth of the CTE market. This is evident the mobile data traffic per smartphone per month expected to grow at a CAGR of 14% from 6.8 GB (gigabyte) in 2018 to 15 GB in 2024 according to Ericcson.
- Through extensive research and development, the players in the industry have been able to further the technology. These developments are expected to contribute to the growth of the market over the forecast period.
- For instance, GW Instek introduced its C-1200 Multi-Channel LoRa Tester for Transmitter and Receiver Tests. In terms of LoRa Transmitter, C-1200 provides tests including spectrum analysis, time domain, FEI (Frequency Error Indicator), and TOA (Time-On-Air) while LoRa Receiver, tests provide PER (Packet Error Rate), sensitivity, and. BER (Bit Error Rate).
- The increasing investments in the aerospace and defense systems by the governments and the related regulated authorities to provide support and upgrades for the pre-existing equipment and machinery is expected to provide a boost to the CTE market over the forecast period.
- In September 2019, According to the Pentagon Huntington Ingalls Industries was awarded a USD 30.8 million contract to provide modernization and procurement of material, equipment, spares, repair parts, and test equipment for operational nuclear-powered aircraft carriers; command, control, communications, computers, intelligence, surveillance and reconnaissance upgrades amongst others.
