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According to this report the global wireless testing market was valued at US$ 10,346.2 million in 2019 and is projected to reach US$ 17,379.7 million by 2027; it is expected to grow at a CAGR of 6.8% from 2019 to 2027.
The report highlights the key factors driving the market growth, and prominent players and their developments in the market.
Adoption of smart devices and rise in investment by governments toward Internet of Things (IoT) initiatives are propelling the growth of IoT devices. Countries, such as Singapore, Japan, China, and Australia, are taking initiatives based on R& D and are supporting IoT installation in manufacturing, utilities, and retail. Due to the high rate of adoption of IoT devices, testing is considered a crucial factor in all phases of product lifecycle to ensure proper functionality, long battery life, and high performance. Thus, vendors are procuring wireless testing solutions to ensure products are of the finest quality in order to enhance customer satisfaction. Companies are highly involved in designing wireless testing solutions for cloud and IoT devices. For instance, Element Materials Technology offers testing services for IoT devices. Its IoT testing services cover a broad range of wireless devices - such as Wi-Fi, cellular radios, RFID, ZigBee, and Bluetooth devices - with customers from consumer & home, healthcare & life sciences, buildings transportation, energy, industrials, and IT & networks industries.