Wireless Testing Market was valued at approximately USD 10.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.9 percent over the forecast period 2019-2026
FREMONT, CA: Over the last decade, wireless technology has progressed to allow people all over the world to communicate via voice, video, and data. The introduction of machine-to-machine communication in association with IoT sensors, as well as the availability of full-time internet connectivity, has prepared the way for wireless testing market penetration and demand. The wireless testing market is primarily driven by a growing focus on the development of 5G networks, escalating adoption of consumer electronics such as smartphones and smart gadgets, mandatory testing requirements. These requirements are imposed by the International Telecommunication Union for electronic devices, escalating adoption of cloud computing and IoT devices, and rising demand for smart home devices in both developed and developing countries.
The growing popularity of consumer electronics is opening up lucrative opportunities for wireless testing, which can help to determine the efficiency and compatibility of electrical equipment. Considering the following example: The market value for consumer electronics in the United Kingdom is estimated to reach around USD18.7 million in 2018, rising to around USD21.4 million by 2021. Similarly, the consumer electronics industry in the United States is expected to expand by 2.2 percent from 2018 to 2019, reaching a total of 401 billion dollars, favourably impacting the demand for and utility of wireless testing. However, throughout the projected period of 2020-2026, the market's growth can be hampered by a lack of standardisation in connectivity protocols.
The important regions of Asia Pacific, North America, Europe, Latin America, and the rest of the world are examined in the geographical analysis of the worldwide Wireless Testing market. Because of the increased attention on the construction of 5G networks as well as the growing adoption of cloud computing and IoT devices, North America is the leading and significant area in the world in terms of market share. Over the projected period 2020-2026, Asia-Pacific is expected to have the greatest growth rate. Factors such as rising demand for smart homes and increased penetration of consumer electronics such as smartphones and smart gadgets will propel the Wireless Testing market in the Asia-Pacific region to new heights.
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