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Global Wireless Test Equipment Market to Grow Due to Surge in Communication Technology

According to a recently published report by marketresearchreports.biz titled, “Global Wireless Test Equipment Market Insights, Forecast to 2025.”

 

Albany, NY -- (SBWIRE) -- 10/24/2018 -- Close to 80% of daily device use time of smartphone users is spent on non-voice activities. Conventional limit expansion isn't sufficient; as the mobile data traffic will keep on increasing exponentially and won't be met by customary network development.

So, in order to overcome this, the service providers require to figure out the point where there is weal network coverage, since the user churn is very costly, and poor services and coverage are the major factors for the market boost. Service providers want to get more detailed, richer, and better information regarding the coverage quality, and for the present, there is a huge demand for a drive test solutions that discusses practically with different tools. Along these lines, the demand for wireless test equipment is anticipated to surge.

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Drive testing is important of mobile operators. It is carried so as to figure out the gaps between the network coverage. It also enable mobile operators to keep up and enhance the nature of their system, for example, by understanding the requirement for tuning system parameters with the end goal to accomplish better coverage.

The wireless test equipment market is expected to expand at a steady CAGR of 3.6% within the forecast period from 2018 to 2025. In 2017, the market was evaluated to be worth of US$550 mn and is anticipated to reach around US$730 mn by 2025.

In past few years, owing to decline in economy and advancement in technology, the market development rate of wireless test equipment has reduced notably. 4G innovation has entered a developed stage, whereas the 5G technology is still under research and experiments. Moreover, the rise in communication technology, and surge in research and development activities is anticipated to boost the global wireless test equipment market in coming years.

Regionally, North America, particularly The US, at present is anticipated to dominate the market. Any progressions from the United States may influence the advancement pattern of wireless test equipment. The US hold a critical place in global market, with market size of US$549.77 mn in 2017 and is foreseen o reach around US$651.71 mn by the end of 2022, with a steadyCAGR of 3.46%. Moreover, region of Asia-Pacific is likely to bag more market share in following years, particularly in China, additionally boosting the development in Southeast Asia and India region.

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The key players operating in the global market are Rohde & Schwarz, Cobham, Keysight Technologies, Spirent Communications, Anritsu Corporation, TESCOM. NetScout Systems, LitePoint (Teradyne), National Instruments, Greenlee (Textron), and Beijing StarPoint Technology. Cobham led the market with 13.74% share of production value, trailed by LitePoint (Teradyne) with 10.40% share of production value, Rohde and Schwarz with 9.67% share, and Keysight Technologies with share of 8.39% in terms of production value, and National Instruments with 7.41% of share.

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