The communication test and measurement market is capturing a valuation of USD 8.01 billion in 2023 and is predicted to reach USD 17.78 billion by 2033. The market is registering a CAGR of 8.3% during the forecast period.
Research and development in cellular technologies, such as long-term evolution (LTE) & long-term evolution advanced (LTE-A), and wired technologies, such as Ethernet and Fiber Optics that can provide speeds of up to 400 Gbps, are expected to accelerate the market growth. Factors such as the growing adoption owing to the various benefits such as instrument management, maintenance, calibration, deployment of networks, and repair technology boost the market growth over the analysis period.
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The key factor expected to propel the growth of the global market during the forecast period includes the increasing adoption of 5G connections which might require wireless test equipment, test performance, and network management solutions.
Testing equipment and networks are critical in the lab and production environment throughout the entire network lifecycle, fueling the market growth over the analysis period.
With the varying bandwidth demands of services, service providers need a complete testing solution. It is to ensure their network meets performance and accessibility requirements while maintaining the quality of service for mission-critical voice, video, and data traffic. This factor is expected to augment the market demand in the forthcoming years.
In the communication and networking sector, rapid changes in network circulation, from voice to integrated voice, video, and data, have created a need for solutions to test performance and capacity. It is expected to accelerate the growth of the global market during the forecast period.
A few factors are acting as obstacles and hindering the growth of the global market during the forecast period. The high labor and testing cost and the fluctuation in prices are expected to hamper the growth of the communications test and measurement market during the analysis period.
The pressure of keeping up with the continuously changing technologies is projected to challenge market growth in the forthcoming years. In addition, the decreasing testing time, which produces substantial cost-savings for OEMs, is a restraint for communication test and measurement vendors.
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Reliable test and management services have become vital for digital networks to organize communication channels. Different types of methodologies and techniques are used for keeping track of communications in an enterprise.
The growth in bandwidth use and the introduction of numerous next-generation technologies are creating a strong demand for communications test and management services. Due to the growing demand, the market is expected to maintain a steady growth rate.
The increasing intricacy and number of wireless devices might ensure market growth in the coming years. Other supporting aspects include rising data consumption and an expected need for high-speed, high-quality services.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 8.3% |
| Market Valuation (2023) | USD 8.01 billion |
| Market Valuation (2033) | USD 17.78 billion |
The market was valued at USD 4.96 billion in 2018 and estimated at USD 7.40 billion in 2022. The market experienced steady growth due to increasing demand for reliable, cost-effective, and high-quality communication systems.
The innovation of advanced technologies such as 5G networks, the Internet of Things, and wireless communications drove the market between 2018 and 2022. The growing end-user industries such as healthcare, Information Technology, automotive, aerospace, and others fuel the global market.
Key companies invest in research and development activities to offer advanced services, measurement equipment, and software to expand the market by 2033.
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Based on the Test Solutions, the market can be segmented into Wireless Test Solutions and Wireline Test Solutions.
The wireless test solutions category is expected to occupy a high market share and expand at a CAGR of 8.0% during the forecast period. Moreover, the field network test segment is projected to fundamentally transform the communication test and measurement landscape. The segment is expected to grow significantly over the forecast period.
From the business perspective, several consumers consider field network tests accurate and reliable since they allow the user base to make changes in the controlled environment without going through complicated steps.
The market can be segmented based on Service into Product Support Services, Professional Services, and Managed Services.
Based on the Type of Test, the market can be segmented into Enterprise, Field Network, Lab and Manufacturing Test, and Network Assurance.
Based on Organization Size, the market can be classified into Small, Medium Enterprises, and Large Enterprises.
Based on End-User, the market can be categorized into Network Equipment Manufacturers, Mobile Device Manufacturers, and Telecommunication Service Providers.
Based on the end-user segment, network equipment manufacturers (NEMs) and mobile device manufacturers have boosted product demand across the globe. The Network Equipment Manufacturer segment is expected to dominate the market with a CAGR of 8.3%.
The global market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa based on geography.
North America region dominates the global market, attributed to the rapid increase in mobile connectivity speed and a growing number of organizations dependent on this technology.
Exponential demand for 4G technology, ZTE - voice, and the adoption of various smart devices by citizens in North America are key drivers for the growth of the global market.
Asia Pacific region is expected to offer several key growth opportunities owing to the steady increase of CTM consumers, such as enterprises and mobile device manufacturers. Moreover, the increasing number of players across Asia Pacific region is further expected to drive the global market.
The United States' communication test and measurement industry is projected to reach a valuation of USD 5.9 billion by 2032 with a CAGR of 8.1%. China is expected to reach a market size of USD 1.2 billion in 2032, representing a CAGR of 7.6% over the forecast period.
Japan and the United Kingdom are expected to reach the same market size of USD 1.0 billion and USD 673.0 million in 2032, representing growth forecasts of 6.6% and 7.0%, respectively, throughout the forecast period. On the other hand, South Korea is expected to reach a market size of USD 597.1 million in 2032, representing a CAGR of 6.1% during the forecast period.
Anritsu, Fortive, EXFO, Rohde & Schwarz, National Instruments, VIAVI, Yokogawa, Spirent, Keysight Technologies, Huawei, VeEX, Empirix, Calnex Solutions, octoScope, Centina Systems, Cisco, SysMech, Luna Innovations, NETSCOUT, ThinkRF, TEOCO Corporation, QualiTest, and Kyrio, among others are the top companies in the global market.
With a sizable global market share, these main firms are concentrating on growing their consumer base in new countries. These businesses use strategic collaboration initiatives to grow their market share and profits.
Mid-size and small businesses, on the other hand, are expanding their market presence by gaining new contracts and entering new markets, thanks to technical developments and product innovations.
Key players focus on developing advanced products in the market as per consumers’ requirements to satisfy their needs. These players are contributing a key role to expand the global market through their innovations and unique products to capture huge revenue.
Recent Developments in the Global Market
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | The United States, The United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Test Solutions, Service, Type of Test, Organization Size, Region |
| Key Companies Profiled | Anritsu; Fortive; EXFO; Rohde & Schwarz; National Instruments; VIAVI; Yokogawa; Spirent; Keysight Technologies; Huawei; VeEX; Empirix; Calnex Solutions; OctoScope; Centina Systems; Cisco; SysMech; Luna Innovations; NETSCOUT; ThinkRF; TEOCO Corporation; QualiTest; Kyrio |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
North America is projected to emerge as a lucrative market.
Increasing adoption of 5G connections is driving market growth.
The high labor and testing cost is likely to limit the market growth.
The market is forecasted to register a CAGR of 8.3% through 2033.
The market is estimated to reach USD 17.78 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Test Solutions 5.1. Wireless 5.2. Wireline 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service 6.1. Product Support Service 6.2. Professional Service 6.3. Managed Service 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type of Test 7.1. Enterprise 7.2. Field Network 7.3. Lab and Manufacturing 7.4. Network Assurance 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Organization Size 8.1. Small and Medium Enterprises 8.2. Large Enterprises 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 9.1. Network Equipment Manufacturers 9.2. Mobile Device Manufacturers 9.3. Telecommunication Service Providers 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. MEA 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Anritsu 20.2. Fortive 20.3. EXFO 20.4. Rohde & Schwarz 20.5. National Instruments 20.6. VIAVI 20.7. Yokogawa 20.8. Spirent 20.9. Keysight Technologies 20.10. Huawei 20.11. VeEX 20.12. Empirix 20.13. Calnex Solutions 20.14. OctoScope 20.15. Centina Systems 20.16. Cisco 20.17. SysMech 20.18. Luna Innovations 20.19. NETSCOUT 20.20. ThinkRF 21. Assumptions & Acronyms Used 22. Research Methodology
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Communication Test and Measurement Market
