In a recent published report, Kenneth Research has updated the market report for Wi-Fi Test Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Wi-Fi Test Equipment Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
The Wi-Fi is the popular wireless technology that uses the radio waves in order to provide the high speed internet connection. The Wi-Fi test equipment is primarily used for the proper functioning and efficient working of the Wi-Fi in order to meet the carrier requirements. The Wi-Fi test equipment is used to meet the carrier grade of the for the quality requirements. The transfer of the data through multimedia requires high transfer rate of the data. Thus, Wi-Fi enables the easy transfer of the data and provides enhanced internet connections to the user data transfer.
Market Size and Forecast
Currently the global Wi-Fi test equipment market is observing vibrant growth on account of increasing technological development such as IoT (Internet of Things).This is expected to increase the market growth of the multimedia files which consists of the graphics image and text. Thus, increasing trend of the multimedia is anticipated to boost the growth of the overall Wi-Fi test equipment market during the forecast period. Additionally, the increasing data traffic across the globe on the account of the rising adoption of the smartphones is driving the market growth of the Wi-Fi test equipment.
According to International Telecommunication Union, 51.23% of the total population is anticipated to have the direct access of the internet by the end of 2018. Wi-Fi Test Equipment Market is anticipated to record a CAGR of 8.0% over the forecast period. The Wi-Fi test equipment market is expected to showcase a vibrant growth by the end of the forecast period. It expected to reach the overall market size of USD 1.3 billion by 2027.
The market is segmented on the basis of type, application and end-user. On the basis of type, it is sub-segmented into desktop Wi-Fi test equipment and handheld Wi-Fi test equipment. On the basis of application, it is sub-segmented into household and commercial. Commercial is anticipated to be the leading sub-segment during the forecast period. The increasing deployment of the Wi-Fi based test equipment in the various business and commercial firms is expected to be the major reason fostering the growth of the commercial sub-segment market during the forecast period.
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On the basis of end-user, it is sub-segmented into original equipment manufacturers (OEMs), communication service providers, enterprise IT departments and others. The enterprise IT departments is anticipated to be the largest sub-segment during the forecast period. The increasing number of the small and medium sized business coupled with the technological development is anticipated to be the major reason fostering the growth of the enterprise IT departments sub-segment during the forecast period.
Detailed Insights of Major Key Players of Global Market:
Teradyne (LitePoint), Anritsu Electric Corporation, ROHDE&SCHWARZ, NETSCOUT, Spirent, TESCOM Co.,LTD., National Instruments, Greenlee, Viavi, Vonaq Ltd, Dycon, Trilithic Inc
Market Segmentation
Our-in depth analysis of the global Wi-Fi test equipment market includes the following segments:
By Type:
Desktop WiFi Test Equipment
Handheld WiFi Test Equipment
By Application:
Household
Commercial
By End-User:
Original Equipment Manufacturers (OEMs)
Communication Service Providers
Enterprise IT Departments
Others
By Region
On the basis of regional analysis, global Wi-Fi test equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is anticipated to be the leading region for the overall market during the forecast period. The highly developed commercial sector in the region coupled with the presence of the key equipment manufacturers is anticipated to be the major reason fostering the growth of the overall Wi-Fi test equipment market during the forecast period. Asia-Pacific is anticipated to be second fastest developing region for the overall Wi-Fi test equipment market. The expansion of the internet based services in the region coupled with increasing expansion of the various industries in the region is anticipated to be the major reason fostering the market growth of the overall Wi-Fi test equipment market during the forecast period.
Global Wi-Fi test equipment market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
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