Wireless Network Test Equipment Market Set for US$ 5.05 Billion Revenue in 2024, Driven by 5G and IoT Advancements

Surging Demand for Wireless Network Test Equipment in Deploying and Maintaining 5G Infrastructure: Fact.MR Report

Fact.MR, a market research and competitive intelligence provider, through its recently updated market analysis, reveals that revenue from the global wireless network test equipment market is projected to reach US$ 5.05 billion in 2024 and subsequently expand at a CAGR of 7.6% through 2034.

As new standards and technologies are introduced, there is an increasing demand for all-inclusive testing solutions that are capable of evaluating a wide range of parameters, including interference, coverage, and signal quality. Regulatory standards compliance is becoming crucial as 5G networks are implemented. Equipment testing is necessary to make sure networks adhere to these rules.

5G infrastructure requires continuous testing for both initial deployment and routine maintenance as operators roll it out. Establishing market trends for wireless network test equipment is generating a steady demand for dependable testing solutions. Technological advancements in testing, such as software-defined testing and automation, are improving the capabilities of testing apparatus for wireless networks.

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Key Takeaways from the Market Study:

• The global market for wireless network test equipment is analyzed to reach a value of US$ 10.5 billion by 2034.
• The United States is evaluated to reach a market valuation of US$ 741.3 million in 2024.
• China is projected to contribute a market share of 48.9% in East Asia in 2024.
• Revenue generated from the demand for wireless network test equipment in Japan is estimated to reach US$ 342.8 million in 2024.
• The market in North America is projected to advance at a 7.1% CAGR through 2034.
• The global demand for 5G network technology is approximated to increase at a double-digit CAGR of 17.9% through 2034.

“The growing adoption of Internet of Things (IoT) devices and rising number of telecommunication subscribers in China are driving the market for wireless network test equipment,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Wireless Network Test Equipment Market

Infovista; Anritsu; Keysight Technologies; Rohde & Schwarz; Accuver; Anritsu; Viavi; Accuver; Dingli Corporation; EXFO; Spirent Communications; Teoco; Radcom; Thales Group; Netscout; Bird Technologies; Airtrace; VeEx Inc.; Fluke Networks; OdiTek Solutions.

Manufacturers Implementing IoT Devices for Automation and Data Collection

Businesses conduct site surveys to evaluate wireless coverage and determine the best locations for access points using the wireless network test equipment. They keep an eye on the network's performance to make sure it satisfies requirements, which are crucial to business operations. Robust wireless networks are becoming more in demand as manufacturers are embracing digital transformation strategies, which calls for efficient testing solutions. More businesses are investing in testing equipment to ensure network reliability as a result of the shift to remote and hybrid work environments, which is increasing reliance on wireless connectivity. IoT devices are being deployed by several manufacturers for automation and data collection, which necessitates thorough testing to guarantee seamless integration and performance within wireless networks.

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Wireless Network Test Equipment Industry News:

• Keysight Technologies, Inc. launched the E7515R solution in February 2023 as part of its 5G Network Emulation Solutions platform. This new product's aim is to enhance CIoT technology testing processes to become more efficient and effective. In today's world, it would also ensure secure connectivity and speed up innovation.
• Spirent Communications plc made an announcement in August 2022 about the release of a new test as a service (TaaS) feature to customers, "Send Us Your Device." It is among the top companies providing next-generation network and device testing and verification services.
• Rohde & Schwarz, a worldwide leader in broadcast media technologies in May 2022 deployed its high-performance intelligent storage network, and its media servers for content preparation at Swiss broadcaster Blue.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the wireless network test equipment market for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study divulges the wireless network test equipment market based on type (drive, crowdsourcing, monitoring, OSS with geolocation, SON network testing, site testing), network technology (2G/3G/4G, 5G), and end user (telecommunication service providers, enterprises), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

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