WIFI Test Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Handheld WIFI Test Equipment, Desktop WIFI Test Equipment and others), By Application (Commercial, Household, and Others), Regional Forecast To 2031

Updated On: 15 April 2024

WIFI Test Equipment Market REPORT OVERVIEW

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The global WIFI test equipment market size was USD 850.3 million in 2021 and is projected to touch USD 1974.2 million by 2031, exhibiting a CAGR of 8.79% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with WIFI test equipment market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The producers of communication network equipment and operator manufacturers utilise the WIFI test equipment and measurement, which also includes services and integrated test equipment that consists of software and hardware. This enables network operators to employ innovative services to cut operational costs and improve the overall network's quality and productivity.

Drive testing is the process of monitoring and evaluating a mobile network's capacity, coverage, and level of service. In the drive test, very specialised electrical instruments are employed as equipment. A laptop, data collection programme, dongle, mobile phone for each network to be tested, and a GPS antenna are required for the drive test process. This testing enables service providers to accurately alter the network for the purpose of providing consumers with effective coverage and service by detecting and understanding the problems subscribers encounter in a specific location.

COVID-19 Impact: Economic Imbalance Causes Market Distortion

The WIFI Test Equipment market was among those affected by the economic crisis during COVID-19, the effects of COVID-19 are a worry. The COVID-19 virus has expanded around the world since its outbreak in December 2019 and has resulted in significant economic and human losses. The global manufacturing, travel, and financial sectors have all been severely impacted. Fortunately, the negative effects of COVID-19 are anticipated to diminish and the world economy to recover thanks to the development of vaccinations and other initiatives by international governments and organisations. This is a significant component lowering the market's demand.  In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the market as a whole. The industry has been somewhat impacted by this.

LATEST TRENDS

"Increasing Small and medium-sized business to Boost the Market Growth"

Due to the continual rise in the number of small and medium-sized organisations, the enterprise IT department segment is anticipated to experience rapid expansion in the near future (SMBs). It is projected that the development of the internet of things (IoT) and bring-your-own-device (BYOD) will have an impact on the expansion of the global market. As small and medium businesses grow into major firms, the BYOD trend will become more prevalent in businesses in the future. Because employees get more accustomed to utilising a personal device and become experts at using it, there is a continued demand for effective Wi-Fi. Wi-Fi test equipment must be effective in order for Wi-Fi networks to function properly, and as a result, the global market is anticipated to grow rapidly in the next years. Thus, a key trend that is opening up the potential for the industry to grow is the increasingly small and medium-sized business. These new developments are mostly to blame for the market's overall growth.

WIFI Test Equipment Market SEGMENTATION

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• By Type

Based on type, the market is classified into Handheld WIFI Test Equipment, Desktop WIFI Test Equipment and others.

• By Application

Based on application, the market is categorised into Commercial, Household and others.

DRIVING FACTORS

"Increasing Advanced Technologies And Need For Mobile Data That Gives The Market Extra Boost "

The demand for mobile data offloading and the rising popularity of smart gadgets are two key factors for the market for the network testing equipment. The mobile operators need the most up-to-date monitoring and wi-fi test equipment solutions to check that the wi-fi networks fulfil carrier-grade quality requirements before switching their data traffic to WIFI. The necessity to maintain appropriate operation and effective operation of wi-fi networks has arisen as users offload their data traffic to wi-fi services. Due to the increasing global adoption of smartphones, which consume a significant quantity of data, the demand for offloading data traffic is anticipated to rise. As a result, industry growth will be aided during the forecast period by the growing dependence on products. As a result, the growth, and the increasing advance technologies will boost the market. It will contribute to the expansion of the Semiconductor and electronics industry and it will improve the overall WIFI Test equipment market growth.

"Increasing Usage Of Multiple Media Sources To Encourage Market Expansion"

Wi-fi technology has emerged as the most popular cellular offload solution since it is unlicensed, affordable, and widely accessible. Testing wireless networks enables service providers to build reliable, effective networks. Product demand is expected to increase as customers accept multimedia apps more and more. The use of various media sources, including animation, video, audio, text, graphics, and photos, is having an impact on the growth of the product market. The viewing of various forms of multimedia necessitates a high transfer rate and a constant Wi-Fi network, which is only possible if the Wi-Fi network is tested and in good working order. As a result, these factors are collectively promoting market expansion, and increasing company revenues. As a result, the increasing usage of multiple media sources will help the market to boost.

RESTRAINING FACTORS

"High Cost And Lack Of Skilled Workforce To Impede Market Expansion"

Comprehensive R&D requirements for creating new communication technologies and the labour-intensive nature of driving testing are the two main restraints on this market. The primary obstacles to the development of this market are the high cost of production equipment and the absence of experienced labour to draw conclusions from the data obtained; as a result, many small-scale enterprises avoid utilising wireless network test equipment. This poses a significant obstacle to market growth during the projection period. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

WIFI Test Equipment Market REGIONAL INSIGHTS

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"North America Dominating the Market across the Globe"

Since this area is the biggest user of the product, the market for WIFI Test equipment in North America has profited from the region's expanding industrial development and different driving factors that have boosted the potential sectors. The increased demand for products in the commercial and household industries is the main factor propelling the expansion of the WIFI Test Equipment market share. Rapid urbanisation trends will further strengthen the market as a whole.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The analysis covers data on market participants and their positions within the industry. Through appropriate research, mergers, technological development, expanding production facilities, and collaboration, data is being gathered and made available. Information on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more is provided in the study on materials.

List of Market Players Profiled

• Trilithic IncFigure (U.S.)
• Viavi (U.S.)
• National Instruments (U.S.)
• Teradyne (LitePoint) (U.S.)
• Dycon (Singapore)
• Vonaq Ltd (California)
• Spirent (U.K.)
• Greenlee (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost WIFI Test Equipment market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.