Wireless Testing Global Market Opportunities and Strategies to 2033

This report describes and explains the wireless testing market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global wireless testing market reached a value of nearly $13.2 billion in 2023, having grown at a compound annual growth rate (CAGR) of 7.6% since 2018. The market is expected to grow from $13.2 billion in 2023 to $20 billion in 2028 at a rate of 8.6%. The market is then expected to grow at a CAGR of 10.8% from 2028 and reach $33.4 billion in 2033.

Growth in the historic period resulted from favorable government initiatives for 5G technology, growing adoption of connected devices or IoT devices, strong economic growth in emerging markets and increase in mobile wireless data traffic. Factors that negatively affected growth in the historic period were complexity of testing procedures and requirements.

Going forward, increasing adoption of smartphones and smart wearables, increasing focus on wireless emergency alert tests, increasing internet penetration in rural and urban areas and rise in cyberattacks and security breaches will drive the growth. factor that could hinder the growth of the wireless testing market in the future include limited availability of skilled personnel and technical expertise.

The wireless testing market is segmented by offering into equipment and services. The equipment market was the largest segment of the wireless testing market segmented by offering, accounting for 71.5% or $9.5 billion of the total in 2023. Going forward, the services segment is expected to be the fastest growing segment in the wireless testing market segmented by offering, at a CAGR of 9.2% during 2023-2028.

The wireless testing market is segmented by connectivity technology into Wi-Fi, Bluetooth, 2G/3G, 4G/LTE, 5G and other connectivity technologies. The 4G/LTE market was the largest segment of the wireless testing market segmented by connectivity technology, accounting for 28.9% or $3.8 billion of the total in 2023. Going forward, the 5G segment is expected to be the fastest growing segment in the wireless testing market segmented by connectivity technology, at a CAGR of 11.9% during 2023-2028.

The wireless testing market is segmented by application into consumer electronics, automotive, IT and telecommunication, energy and power, medical devices, aerospace and defense and other applications. The IT and telecommunication market was the largest segment of the wireless testing market segmented by application, accounting for 29.3% or $3.9 billion of the total in 2023. Going forward, the consumer electronics segment is expected to be the fastest growing segment in the wireless testing market segmented by application, at a CAGR of 10.8% during 2023-2028.

North America was the largest region in the wireless testing market, accounting for 34.2% or $4.5 billion of the total in 2023. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the wireless testing market will be Asia Pacific and North America where growth will be at CAGRs of 9.9% and 9.3% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 8% and 6.8% respectively.

The global wireless testing market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 12.5% of the total market in 2022. The market concentration can be attributed to the presence of large number of players in different geographies. Prominent players are acquiring the products and entering into partnerships with the other companies to consolidate their market positions across the globe, while others are distributing products. SGS SA was the largest competitor with a 3.1% share of the market, followed by Keysight Technologies, Inc. with 2.2%, Bureau Veritas SA with 1.6%, Anritsu Corporation with 1.3%, Intertek Group Plc with 1%, TÜV Rheinland AG with 0.8%, EXFO Inc. with 0.7%, Viavi Solutions Inc. with 0.6%, Rohde & Schwarz GmbH & Co. KG with 0.6% and DEKRA SE with 0.6%.

The top opportunities in the wireless testing market segmented by offering will arise in the equipment segment, which will gain $4.7 billion of global annual sales by 2028. The top opportunities in the wireless testing market segmented by connectivity technology will arise in the Wi-Fi segment, which will gain $2.1 billion of global annual sales by 2028.The top opportunities in the wireless testing market segmented by application will arise in the IT and telecommunication segment, which will gain $2.2 billion of global annual sales by 2028. The wireless testing market size will gain the most in USA at $2.2 billion.

Market-trend-based strategies for the wireless testing market include development of automated testing capabilities for 5G and 6G technology, launch of wireless test platforms tailored for cellular IoT development, focus on advanced 5G testing and validation labs, new testing services to address interoperability and device-to-device communication challenges and strategic partnerships and collaborations among market players.

Player-adopted strategies in the wireless testing market include strengthening business capabilities through strategic partnerships and strengthening business operations through new product launches.

To take advantage of the opportunities, the analyst recommends the wireless testing companies to focus on automated testing for advanced wireless technologies, focus on tailored wireless test platforms for cellular IOT development, focus on establishing advanced 5G testing and validation labs, focus on introducing specialized wireless testing services, focus on 5G and wi-fi segments, expand in emerging markets, continue to focus on developed markets, focus on strategic collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, focus on tailored solutions for end-users and focus on consumer electronics and IT And telecommunication segments.