Wireless Testing Market

Market Leader - Wireless Testing Market

The global wireless testing market is expected to grow from USD 10.4 billion in 2019 to USD 14.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. The major driving factors in the wireless testing market are the adoption of advanced manufacturing techniques that require minimum human intervention and maintain quality of products and recent advancements in wireless technologies such as 4G and 5G.

In 2018, the wireless testing market was mainly dominated by SGS Group (Switzerland), Bureau Veritas (France), Intertek (UK), Keysight (US), Anritsu (Japan), and VIAVI Solutions (US). Several other major players in the market are DEKRA SE (Germany), Rohde & Schwarz (Germany),TÜV NORD Group (Germany), EXFO (Canada),TÜV RHEINLAND (Germany),TÜV SÜD (Germany),Spirent Communications (UK), Eurofins Scientific (Europe), Electro Magnetic Test, Inc. (US), Gemalto NV (Europe), Verkotan (Europe), Bluflux (US), TESTiLABS (Europe), and Elements Materials Technology (UK). These players have adopted various growth strategies, such as product/service launches and developments, acquisitions, partnerships, expansions, contracts, and agreements to further expand their presence in the global wireless testing market. Acquisitions and new product/service launches and developments have been the most dominating strategies adopted by major players from January 2017 to January 2019, which helped them to innovate on their offerings and broaden their customer base.

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SGS Group (Switzerland) is the dominant player regarding wireless testing services in Europe and globally. The company offers inspection, verification, testing, and certification services. It provides a range of audit services for different processes, organizations, and systems. SGS Group offers certification services that enable customers to demonstrate their products, processes, systems, or services, which comply with the national and international regulations and standards related to wireless testing. The company also offers inspection services to reduce product damages and financial risks, control quality and quantity of products and services, and meet relevant regulatory requirements in various regional markets. SGS Group is acquiring companies and establishing partnerships with state-owned stakeholders with the necessary statutory permissions and licenses to foster its organic growth in the wireless testing market. In April 2018, SGS Group opened new electrical & electronics services laboratory in Hong Kong which features one of the most advanced EMC anechoic chambers to strengthen the product innovation segment of the company in Hong Kong and nearby areas.

Keysight (US) is the major player regarding wireless testing equipment provider. It provides electronic measurement instruments and systems and related software, software design tools, and services to design, develop, manufacture, install, deploy, and operate electronic equipment. Keysight adopted the strategy of collaborations to strengthen its position in the market. In November 2018, the company collaborated with China Telecom, a telecom giant in China, to accelerate commercial deployment of the 5G technology in China. Moreover, in November 2018, it also signed a memorandum of understanding (MoU) with South Korea-based SK Telecom to collaborate on 5G network design development and testing technologies.

Related Reports:

Wireless Testing Market by Offering (Equipment, Services), Technology (Bluetooth, 2G/3G, 4G/5G, Wi-Fi), Application (Consumer Electronics, Automotive, IT & Telecommunication, Medical Devices, Aerospace & Defense) and Region - Global Forecast to 2024

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Report Code
SE 7376
RI Published ON
10/3/2019
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