Wireless Testing Market Size

Wireless Testing Market Analysis

The wireless testing market is expected to register a CAGR of 6.2% during the forecast period. Wireless technology has evolved to communicate voice, data, and video worldwide over the years. Additionally, the emergence of machine-to-machine communication and IoT sensors connected to the internet for full-time access has driven the demand in the wireless testing market.

• Wireless testing assesses products' real-time performance and functionality consisting of wireless technologies such as Bluetooth, WiFi, and cellular connectivity. Wireless technology has evolved to communicate voice, data, and video globally over the years. Additionally, the emergence of machine-to-machine communication and IoT sensors connected to the internet for full-time access has driven the demand for the wireless testing market.
• Over the past few years, IoT has caused a tremendous shift in the field of electronic design, with processors and wireless components now finding their way into analog technology. As this shift introduces a new level of complexity into the design process, test equipment has followed the trend, rising to new heights of customization and integration.
• Different jurisdictions around the globe require manufacturers to comply with codes and regulations regarding how their wireless products function for security, health, and safety purposes. Third-party conformity assessments also help to strengthen the manufacturer's competitive position in the market.
• There is an increasing market of devices that use different types of wireless technologies, such as radio signals and wireless power transfer (WPT). Government standards regulate the radiation of electromagnetic fields in most international markets, including the European Union, the United States, Canada, Australia, and Japan. This applies to both radio and WPT devices.
• In November 2021, the Department of Telecommunications (DoT) granted Reliance Jio Infocomm, Bharti Airtel, and Vodafone Idea a six-month extension to perform 5G trials. Due to this extension, the carriers would conduct 5G experiments until May 2022. Initially, telcos were given until November 26, 2021, to test 5G technology. In May, the DoT awarded a 5G trial spectrum for six months in the 700 MHz, 3.5 GHz, and 26 GHz bands, paving the way for local carriers to partner and develop 5G use cases.
• By technology, 5G is expected to dominate the market since second-generation versions of 5G chips are making their way into products, increasing the sale of 5G-enabled smartphones. This growth is primarily driven by an aggressive 5G build-out in China using the mid-band spectrum.
• All businesses globally with crucial assets for manufacturing goods and services have been experiencing a rapid decline due to the COVID-19 pandemic. The management of such companies has been feeling extreme urgency and panic, putting more emphasis on cutting costs. Since manufacturing activity is low, companies are tempted to eliminate maintenance, resulting in high prices in the future.