According to the new research report, titled “Wireless Testing Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Offering (Equipment and Services), Technology (Bluetooth, Wi-Fi, GPS, 2G/3G, 4G/LTE, and 5G), and Application (Consumer Electronics, Automotive, IT and Telecommunication, Energy and Power, Medical Devices, Aerospace and Defense, Industrial, and Others),” published by The Insight Partners, the market is expected to reach US$ 17,379.7 million by 2027, registering a CAGR of 6.8% during 2020–2027.
Wireless Testing Market in APAC to Grow at Highest CAGR
The wireless testing market in APAC is further segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. Rise in disposable income and betterment of internet infrastructure in the Asian territory allow individuals to purchase high-end products, including smartphones, laptops, wearables, and tablets. China, India, and Indonesia, are emerging markets with a large number of smartphone users. Currently, there is a high demand for cost-effective and low power-consuming consumer electronic devices with wireless connectivity. Insufficient testing of the products may lead to greater repair and return frequencies.
APAC has a strong automotive sector, supported by the growing automotive manufacturing industry in countries, such as China, India, South Korea, and Japan. The continuous growth in the economies of developing countries, along with increasing disposable incomes, has facilitated the rapid growth of the automotive industry in this region. The automotive manufacturers in APAC are focusing on developing technologically advanced products to gain a strong market position by attracting a strong customer base and generating greater revenues. The advanced cars require testing solutions to address the new system infrastructures. Thus, the industry is highly adopting wireless testing solutions.
UL Japan, a subsidiary of Underwriters Laboratories (UL), launched a long-term evolution (LTE) device verification and evaluation testing service, attributed by KDDI Corp., a Japan-based communications carrier. UL Japan commenced its evaluation testing on KDDI devices, including modules, smartphones, and chipsets, to assess connectivity between mobile devices and base stations; the testing was based on code division multiple access and LTE access services for third-generation mobile phones. Thus, growing emphasis on testing electronic and automotive products would fuel the growth of the market in APAC during the forecast period.
The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries in APAC. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is one of the worst affected countries due to this pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting manufacturing, and sales of various products and services.
Key Findings of Study:
Players in the market are highly engaged in designing wireless testing solutions for smart home products to make sure that the product works correctly and properly. For instance, NTS offers wireless device testing solutions for smart home products. The company tests a broad variety of other home automation products, using protocols such as Z-Wave, ZigBee, Wi-Fi, and Bluetooth, to see how the product works. The solution helps evaluate issues that customers might see in their homes. TÜV Rheinland offers testing and certification services for wireless devices used for the smart home. Its services ensure that wireless products comply with the operational safety, system interoperability, data privacy, cyber security, and expected performance reliability standards for the smart home. To achieve the new smart home era, businesses must stringently control transmission performance, stabilize product function, and enhance compatibility between Internet of Things (IoT) products. Thus, to ensure the quality performance of smart home devices, there would be an immense requirement for wireless testing solutions in the near future.