The wi-fi test equipment market, which was valued at USD 13,526.7 million in 2023, is estimated to be valued at USD 27,879 million by 2033, growing at a 7.5% CAGR during the forecast period. The ever-increasing need for super-fast networks, combined with technological advancements, is projected to drive up the consumption of wi-fi test equipment.
The Wi-Fi test equipment is also capable of optimizing our wireless network and demonstrating that wireless network optimization is not an expensive operation. This is projected to increase the need for Wi-Fi test equipment.
The fact that Wi-Fi testing devices tell us the sort of encryption used for safeguarding a wireless network drives sales of this equipment. This is especially important when some businesses are dealing with sensitive and confidential information.
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The Wi-Fi test equipment aids in the analysis of network coverage. This is accomplished by constructing a heatmap, which allows us to detect the signal’s weak points. This is expected to enhance the size of the Wi-Fi test equipment market.
The IoT business is expanding, and all of the big players are using Wi-Fi test equipment. The growing prevalence of electronic devices such as smartphones, laptops, and tablets also contributed to a spike in the utilization of Wi-Fi test equipment.
Key Takeaways from the Wi-Fi Test Equipment Industry Analysis
- The market has grown at a CAGR of 6% during the last five years.
- North America, which has a 36% market share and is the most prominent market,
- Europe, which now accounts for 24% of the industry, is likely to be one of the most important markets for Wi-Fi test equipment.
- Over the next few decades, the United States is estimated to expand at an 8% CAGR.
- Over the following decade, the Chinese market is expected to grow at a CAGR of 7.6%.
Competitive Landscape
All of the big competitors are concentrating on expanding their operations, either through mergers and acquisitions or by establishing new factories around the world. This is going to guarantee that these key businesses continue to provide their clients with seamless Wi-Fi service.
- In August 2022, Spirent Communications plc (LSE:SPT), a leading developer of testing and verification solutions for next-generation equipment and networks, will launch a novel “Send Us Your Device” Test as a Service (TaaS) offering for Wi-Fi clients. The service, the first of its kind from a manufacturer of powerful Wi-Fi testbeds, gives businesses accessibility to the complex capabilities of Spirent’s OCTOBOX emulation and testing system.
- Keysight Technologies, Inc., an international leader in technology that offers cutting-edge design and assurance solutions that enable accelerate advancements to connect and protect the world, announced in May 2022 that Celona has selected Keysight’s Open RAN Architect (KORA) solution portfolio to validate the efficiency and reliability of 5G private network deployments for companies.
Key Players
- Danaher Corporation
- Cobham PLC
- NetScout Systems Inc.
- Viavi solutions Inc.
- Spirent Communications
- Ixia
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More Valuable Insights
In its new offering, Future Market Insights presents an unbiased analysis of the global Wi-Fi Test Equipment market, presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by Type (Desktop Wi-Fi Test Equipment, Handheld Wi-Fi Test Equipment), Application (Research & Development, Manufacturing, Quality Assurance, Household) Organisation Size (Small Enterprises, Medium Enterprises, Large Enterprises) and Region.
Key Segments Profiled in the Wi-Fi Test Equipment Market Survey
By Type:
- Desktop Wi-Fi Test Equipment
- Handheld Wi-Fi Test Equipment
By Application:
- Research & Development
- Manufacturing
- Quality Assurance
- Household
By Organization Size:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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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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