Wireless Network Test Equipment Market

Wireless Network Test Equipment Market Outlook (2022-2032)

The global wireless network test equipment market was valued at US$ 4.04 Billion in 2021, and is projected to register a Y-o-Y increase of 8.04% in 2022 to be valued at US$ 4.36 Billion.

During the 2022-2032 period of assessment, demand is expected to rise at a 7.6% value CAGR, likely to reach US$ 9.1 Billion by the end of the said forecast period.

Report Attributes	Details
Anticipated Base Year Value (2021)	US$ 4.04 Billion
Expected Market Value (2022)	US$ 4.36 Billion
Projected Forecast Value (2032)	US$ 9.1 Billion
Global Growth Rate (2022-2032)	7.6% CAGR
Growth Rate of the U.S (2022-2032)	7.2% CAGR
Expected Market Value of China (2032)	US$ 623.4 Million
Growth Rate of U.K (2022-2032)	6.6% CAGR
Key Companies Analysis	Infovista  Anritsu Keysight Technologies Rohde & Schwarz, Accuver

Overall, the wireless network test equipment market landscape is poised to yield an absolute dollar opportunity worth US$ 4.7 Billion until 2032. Sales of wireless network test equipment for Enterprises Services will continue to flourish, with a documented CAGR of 8.1% from 2015-2021.

Moreover, 5G network technology will continue to remain the primary network technology choice, likely to register a CAGR worth 7.1% from 2022 to 2032. North America will remain at the forefront, generating an opportunity worth US$ 3.2 Billion during the forecast period.

Wireless Network Test Equipment Market Revenue Analysis 2015-2021 vs. Future Outlook 2022-2032

Rising penetration of big data technologies, cloud computing and other advanced technologies have prompted wireless network test equipment providers to transform services to a whole new level. As per market research and competitive intelligence provider Fact.MR, the market for wireless network test equipment witnessed a staggering 8.5% CAGR from 2015 to 2021. As enterprises strive to attain a competitive edge, wireless network test equipment is a necessity.

Consistent up-gradation of wireless network test equipment to provide a seamless user experience is the need of the hour. By incorporating avant-garde breakthroughs, service providers are not only able to reduce operational costs, but also enhance their returns on investment. Furthermore, changing compliance and governance requirements are also widening the scope of the wireless network test equipment market.

In the future, as more enterprises used wireless network test equipment, they are continuously innovating their approaches, ushering in efficiency, enhancing the quality, and improving client experience. Whether it is to migrate, transform or build, deploying the right application strategy can work miracles. From 2022 to 2032, the wireless network test equipment market is forecast to grow over 2x.

Prominent Wireless Network Test Equipment Market Growth Drivers

Growing Internet Penetration and adoption of Digital Services to drive Growth

Increasing demand for test equipment in maintenance, network installation, research & development, and manufacturing are driving the growth of the market.  Also, the increasing adoption of smart devices coupled with mobile data, advancement in networking and communication, and growing interprobability of network technologies are increasing the growth of the market.

Growing adoption of long-term evolution and advanced technologies globally are expected to fuel the demand for wireless network testing products during the forecast period.

Also, the increase in the volume of data generated globally is expected to drive the global wireless network test equipment market in the coming years. Increasing use of the Internet of Things (IoT) across industry verticals and an increase in automation processes are expected to boost the wireless network test equipment market in the near future.

Growing Internet penetration and increase in adoption of digital services have led to an exponential rise in the volume of sensitive data generated. Need for better infrastructure solutions also fuel the demand of the wireless network test equipment market.

The increasing use of wireless test equipment in telecom, industrial, military aerospace, and other industries is driving the growth of the Wireless Test Equipment market across the globe.

Government initiatives for promoting digitization, the development of advanced infrastructure, and an increase in population are expected to fuel the global wireless network test equipment market. Government initiatives across several countries like India for free Wi-Fi services are estimated to create significant opportunities for the market during the forecast period.

Key Challenges Prevalent in the Global Wireless Network Test Equipment Market

High Cost and lack of Skilled Workforce may Impede Growth Prospects

A major restraining factor that affected this market is comprehensive R&D necessities for developing new communication technologies and driving testing is a labour-intensive activity.

Influenced by the high cost of production equipment and lack of skilled workforce to infer insights from collected data is the main challenge to the progress of this market thus several small scale industries are keeping away from leveraging wireless network test equipment.

Country-wise Analysis

What is the Growth Outlook for Wireless Network Test Equipment market in the U.S?

Technological advancement in the telecommunication sector to drive the growth of the market.

According to Fact.MR, demand for wireless network test equipment in the U.S is likely to expand at a 7.2% value CAGR until 2032, forecast to yield an opportunity worth US$ 1.6 Billion. Demand is further expected to be valued at US$ 3.2 Billion by the end of the said forecast period. Growth is attributed to extensive digitization in the region.

Emerging as the pinnacle of global technological advancement, the US is likely to present highly attractive growth opportunities for wireless network test equipment providers in the long run owing to the strong presence of the telecommunication industry and established telecommunication providers in the region.

Also, the increase in adoption of smart devices, and expansion of technological advancement toward networking and communication create lucrative opportunities for the wireless network test equipment market in the region. Supportive government initiatives toward R&D and huge investments in technological innovation are anticipated to increase the usage of the wireless network test equipment market in the region.

Will China emerge as an Attractive Wireless Network Test Equipment Market?

Rising adoption of the Internet of Things to widen adoption

The wireless network test equipment market in China is poised to yield a dollar opportunity worth US$ 303.7 Million from 2022-2032, anticipated to expand at a CAGR of 6.9%. Furthermore, the country is anticipated to reach a valuation of US$ 623.4 Million by the end of the said forecast period.

The growth of the market is anticipated to the largest number of telecommunication subscribers and an increase in the adoption of internet of things devices. China has the highest no of telecommunication subscribers the market is growing due to the presence of a large no of smartphone users in the region.

China expected to lead the deployment of 5G technology in the region is driving the growth of the market in this region. Also, major telecom players in the region are incorporating with facility owners and using network test equipment to offer improved wireless connectivity.

Country-wise Forecast CAGRs for the Wireless Network Test Equipment Market

U.S	7.2%
U.K	6.6%
China	6.9%
Japan	6.1%
South Korea	5.3%

Category-wise Insights

5G Services to be Top Growth Driver in the Coming Years

Based on network technology, the market can be classified into 2G, 3G, 4G, and 5G. 5G network technology is estimated to account for the highest market share in 2032.According to Fact.MR, wireless network test equipment services are likely to remain the top network technology category, growing at a value CAGR of 7.1% from 2022-2032.

Demand is increasing due to the requirement of maintaining data consistency across independently designed applications, orchestrating the integrated flow of multiple activities by disparate applications, and providing access to data and functionality from independent applications.

The 5G network is expected to offer a high data transfer rate, high device connection density, and minimum latency with real-time service delivery. This technology is expected to bring new unique network and service capabilities.

Enterprises to be the top growth driver across the end-user segment

Based on end-user type, wireless network test equipment is categorized into Telecommunication Service Providers and Enterprises, from which on enterprises segment accounts for the highest CAGR of 7.2% through the forecasted period.

The rapid commercialization of 5G networks, move toward virtualization, SONs, and C-RAN in the network infrastructure; demand for data analytics and revenue assurance; deployment of private cellular wireless networks among others drive the need for efficient and reliable wireless network testing and validation solutions in enterprises has grown significantly.

Rising application of telecommunication services providers in the IT and telecom industry the telecommunication service provider segment is expected to gain significant revenue growth over the forecasted period.

Competitive Landscape

The global market for wireless network test equipment is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out, specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage up-gradation to gain an edge over other competitors in the market. Some recent developments in the market are:

• In April 2021 – Infovista, the global leader in network lifecycle automation, announced that it has completed the acquisition of Empirix, a Thoma Bravo portfolio company. The combined company becomes the only independent software vendor providing both Communications Service Providers (CSPs) and Enterprises with a carrier-grade, cloud-native network lifecycle automation platform designed for the 5G era.
• In May 2022 - Keysight Technologies, Inc. a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, announced that Celona has selected Keysight's Open RAN Architect (KORA) solution portfolio to validate the quality and reliability of 5G private network deployments for enterprises.
• In May 2022 — Rohde & Schwarz, a global leader in broadcast media technologies, has announced the deployment of its high-performance intelligent storage network, as well as its media servers for content preparation at Swiss broadcaster blue.

Key Segments Covered in the Wireless Network Test Equipment Market Study

• By Equipment Type :

  • Wireless Network Drive Test Equipment
  • Wireless Network Crowdsourcing Equipment
  • Wireless Network Monitoring Equipment
  • Wireless OSS with Geolocation Network Equipment
  • Wireless SON Network Testing Equipment
  • Wireless Network Site Testing Equipment

• By Network Technology :

  • 2G/3G/4G Wireless Network Test Equipment
  • 5G Wireless Network Test Equipment

• By End User :

  • Telecommunication Service Providers
  • Enterprises

• By Region :

  • North America 
  • Europe 
  • Asia Pacific 
  • Middle East and Africa
  • Latin America