Market Size of One-Box Testers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 0.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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One-Box Testers Market Analysis
The one-box tester market is expected to grow at a CAGR of 6.0% over the forecast period 2021-2026. One-box testers are extensively used for the application of validating the functioning of automation equipment. The increase in the volume of mobile devices including smartphones and tablets across the industries for mobility and remote controlling is one of the factors driving the market for one box testers as it allows the validation of wireless networks, wireless devices, as well as semiconductors operations. Vodafone has estimated that, by the year 2022, there will more than 3.8 billion smartphone users globally.
- Upgrading the transport network includes the cost of equipment and services and requires at least 30% of the overall project cost. This high cost is mainly due to the high price of equipment for the optical transport-based network. The growing LTE adoption in Asia-Pacific is also driving the studied market growth.
- According to Ericsson, operators in the region added 656 million new LTE subscriptions in the twelve months to the end of Q1 2018, representing a 46% growth rate. The Asia-Pacific now accounts for 65% of all LTE subscriptions worldwide.
- The growing 5G adoption also brings enormous opportunity into the market. But most vendors need to upgrade or develop testing equipment, which is compatible with the 5G technology. The emergence of Industrial Internet of Things (IIoT) and machine-to-machine (M2M) communication solutions is also expected to boost the growth further of the studied market, especially for telecommunications applications.
