New Analysis from Global Industry Analysts Reveals Steady Growth for Wireless Test Equipment, with the Market to Reach $7.7 Billion Worldwide by 2026
SAN FRANCISCO, Jan. 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wireless Test Equipment - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Global Wireless Test Equipment Market to Reach US$7.7 Billion by the Year 2026
Amid the COVID-19 crisis, the global market for Wireless Test Equipment estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$7.7 Billion by 2026, growing at a CAGR of 6.9% over the analysis period. Wireless Infrastructure Test Equipment, one of the segments analyzed in the report, is projected to grow at a 8.4% CAGR to reach US$4.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wireless Devices Test Equipment segment is readjusted to a revised 4.9% CAGR for the next 7-year period. This segment currently accounts for a 45.9% share of the global Wireless Test Equipment market. The wireless infrastructure test equipment market is projected to experience a robust growth rate in the coming years owing to rising demand from end-use industries and contribution from key segments. These solutions are witnessing increasing uptake in the aerospace and defense sector, and gaining from strong focus of mobile network operators on enhanced network capabilities.
The U.S. Market is Estimated at $1.5 Billion in 2021, While China is Forecast to Reach $1.5 Billion by 2026
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SOURCE Global Industry Analysts, Inc.
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