The global Wireless Test Equipment Market, covering mobile device, base station, mobile backhaul and wireless core test equipment, hit $3.35 billion in 2014 and is estimated to reach $4.92 billion in 2021, according to a new analysis from Frost & Sullivan. The leading market research firm attributed the growth to the need for wireless and mobile service providers to keep up with the increase in mobile traffic as the main driver for the wireless test equipment market.
Frost & Sullivan noted that increased investment in network function virtualization is boosting the use of wireless test equipment globally. However for test equipment vendors, end user capital expenditure (CAPEX) and operational expenditure (OPEX) investments have posed a constant challenge as they continue to fluctuate based on external market dynamics. But the reduced CAPEX and OPEX investments are offset due to high demand for test instruments originating from OEMs and contract manufacturers in Asia-Pacific.
Olga Yashkova-Shapiro, Communications Measurement and Instrumentation Program Manager, Frost & Sullivan
In addition, advances in the Internet of Things will drastically increase the number of wearable devices and enable faster phones, intelligent factories, grids and machinery control for industries, underlining the need for an efficient testing system. There is a strong push to conduct more testing for less money in a completely different and innovative manner because end users are not able to transfer increasing costs to consumers.
