Wireless Test Equipment Market Size, Share, Trends, Key Players, Demand and Opportunities by 2022

The global wireless test equipment market is growing at a CAGR of 6.1% during 2018 – 2022. Among the three major types of wireless test equipment, the mobile device test equipment accounted for largest market. The global wireless test equipment market has been growing mainly due to the evolution of wireless telecommunication industry. The growing consumer base for mobile data has been further propelling the demand of wireless test equipment.

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The surging demand for mobile data offloading, owing to increasing number of mobile data users is one of the prominent market growth drivers. The growing demand for small cells and HetNets is further augmenting the market growth. The increased investment in NFV is making the wireless test equipment market financially strong.

The major opportunities that the companies in the wireless test equipment market can take leverage of include growing penetration of long-term evolution (LTE) in the developing countries and prospects from the emerging 5G technology. Most of the developing countries lie in Asia-Pacific and Rest of the World regions. The two regions are expected to account for 49% of the global wireless test equipment revenue by 2022. The market for wireless test equipment is expected to witness highest growth in Asia-Pacific during the forecast period.

Some of the key players in the global wireless test equipment industry include Ixia, Rohde & Schwarz, Keysight Technologies, Anritsu, Viavi, Teradyne, Spirent Solutions, Cobham Plc and National Instruments Corporation.