- According to the research study offered by ResearchAndMarkets.com, titled “Wireless Test Equipment – Global Market Trajectory & Analytics”, the global wireless communication test equipment market will reach USD 7.7 billion by 2026.
The increase in the number of consumers and the volume of mobile data offloading is contributing to the growth in demand for wireless communication test equipment at all stages of the product lifecycle: research, design, development, production, testing and deployment. In addition to the implementation of next-generation mobile communication technologies such as 5G, the latest advancements in wireless technologies such as Bluetooth, NFC, and Wi-Fi present new growth opportunities for market players.
The global wireless transmission test equipment market, estimated at US$5.8 billion in 2022, is expected to reach US$7.7 billion by 2026, growing at a compound annual growth rate (CAGR) of 6.9% over the analysis period.
In the U.S., the wireless test equipment market is estimated to reach $1.6 billion by 2022, accounting for 27.6% of the global market.
The Chinese market is expected to grow at a CAGR of 9% during the analysis period to reach $1.5 billion by 2026.
Japan and Canada are expected to grow at 5% and 6.3%, respectively, over the analysis period.
In Europe, Germany is expected to grow at a CAGR of approximately 6.2%, while the rest of the European market is expected to reach $413.7 million in 2026.