The widespread adoption of wireless technology has significantly accelerated LTE (Long-Term Evolution) deployment. Increasing consumer demand for high-speed connectivity, along with a need for precise carrier testing, battery testing, conformance testing, and field evaluation, continues to drive global sales of LTE testing equipment.
Over-the-air (OTA) testing plays an essential role in assessing the performance, safety, and reliability of wireless devices. According to a new report by Future Market Insights, the expansion of telecommunications infrastructure will remain a primary driver of LTE testing equipment adoption.
Currently valued at nearly USD 3 billion, the LTE testing equipment market is expected to experience substantial growth in the coming years. The rising adoption of IoT across industries is further increasing the demand for a robust network of connected devices, fueling the global expansion of LTE testing solutions.
Telecom Holds the Lion’s Share in Global Market Revenue
Telecommunication service providers continue to register maximum installation of LTE testing equipment. Smartphone adoption and subsequently following network connection demand are rapidly translating into robust sales of LTE testing equipment.
Rapid connectivity migration from 3G to 4G and 5G is cited as the most prominent driving force instrumenting stellar revenue growth of LTE testing equipment, in recent years.
Looking at the flourishing smartphone landscape in Asia Pacific, it is more likely that the region, along with the developing economies in the Middle Eastern and African region, are also slated to develop high market attractiveness in coming years. Africa, a relatively untapped market for LTE providers, is likely to create a heap of opportunities for both LTE providers and LTE testing equipment suppliers in the near future on account of the thriving telecom industry.
Developing Economies Reflecting Maximum LTE Deployment Potential
India, a potentially attractive pocket of investment for LTE products providers, recently witnessed the launch of a new 4G LTE Network by VNL Limited, a prominent manufacturer in the telecom space. The company has unveiled this LTE network for 4G connectivity across rural parts of India and is offering LTE products at economical prices, with a seamless connectivity.
Such developments are foreseen to support the growth of Asia’s LTE testing equipment market, thereby adding to the global revenue of LTE testing equipment landscape.
South Korea is also positioned as a lucrative, high potential market for LTE testing equipment providers, as the country has witnessed rapid roll-out of the LTE network and the current penetration of the network is more than 97%. South Korean telecom operators such as SK Telecom are deploying LTE testing equipment for the network test and measurement in diverse devices.
SK Telecom recently extended the outreach of their high speed LTE network to serve over 30 Korean countries and around 75 cities. The report thus points exceptional scope of penetration of LTE testing equipment in South Korean market.
Key Players
Global LTE Testing Equipment Market key vendors include :
- Anritsu
- Agilent Technologies, Inc.
- Spirent Communications
- Aeroflex Inc.
- Anit
- Ixia
- IDSU
- EXFO
- TEKTRONIX, INC.
- Dana Ter
- Fluke Corporation
Key Segment
On the basis of type
- OTA Test
- Carrier Test
- Battery Test
- Conformance Test
- Field Test
On the basis of application
- research and development
- manufacturing
- installation and monitoring
On the basis of end-user
- network equipment manufacturer
- mobile device manufacturer
- Telecommunication service provider.
Report Preview: https://www.futuremarketinsights.com/reports/lte-testing-equipment-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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