Communication Test and Measurement Market to Reach USD 17.54 Billion by 2028

According to a new report by Vantage Market Research, the communication test and measurement market is expected to reach USD 17.54 Billion by 2028, growing at a CAGR of 9.4% from 2021 to 2028. The increasing demand for network testing globally coupled with the introduction of 5G technology and deployment of LTE and LTE–advanced (4G) networks is anticipated to augment the growth of the communication test and measurement market within the forecast period.

Key Findings:    

• The wire-less testers segment is projected to grow at a CAGR of over 6.43% over the forecast period owing to the benefits offered with the use of it.
• The network assurance test segment held a market share of around 32.12% in 2020. This share is due to the increasing networking technologies across the globe.
• The product support services segment is projected to grow at a CAGR of over 6.52% over the forecast period owing to the increasing adoption of communication equipment across the industries.

‘North America is expected to expand at a CAGR of over 7.56% from 2021 to 2028. This surge is attributed to the early adoption and emergence of new technologies in the region.

Some of the key players in the communication test and measurement market include Anritsu, Fortive, EXFO, Rohde & Schwarz, National Instruments, VIAVI, Yokogawa, Spirent, Keysight Technologies, and Huawei, among others.

The increasing demand for network testing across the world is expected to support the growth of the communication test and measurement market in the years to come. This is attributable to the increasing networking technologies across the globe. As networking is increasing and evolving with time the demand for supporting infrastructure is also growing. The networking system is highly dependent on fiber-optic communications, which is the technology that has the ability to support the exponential surge in the bandwidth requirement. The need for testing equipment and networks is very much critical in the circuits or site turn-up, routing policy change, firewall rules updates quality of service, and network speed tests throughout the entire network lifecycle. Furthermore, network testing is also useful in recording and analyzing messages, measuring network load and propagation delays of different network packets, detecting anomalies in the network traffic, and troubleshooting communication issues in the communication network. Thus, the effective benefits of network testing in communication are likely to boost the growth of the communication test and measurement market in near future.

The increasing technological developments that are used in communication are expected to support the growth of the communication test and measurement market over the forecast period. The introduction of 5G technology and deployment of LTE and LTE–advanced communication networks are used in the mainstream. Thus, the need for communication test and measurement tools required for design validation and manufacturing that provide more accuracy, bandwidth, and speed to improve device development has increased. Moreover, most of the major players are focusing on developing more innovative technologies in order to improve and enhance the quality of their communication test equipment. Furthermore, the increasing research and development activities in the cellular industry to deploy technologies such as LTE & advanced LTE and wired technologies to offer higher speeds are also expected to augment the growth of the communication test and measurement market in the years to come.

Asia Pacific region is projected to grow at a substantial CAGR. This is attributable to the increasing use of communication devices and rising CTM consumers in the region. Furthermore, the increasing telecom enterprises and smart device manufacturers are also expected to support the growth of the communication test and measurement market in the region.