LONDON--(BUSINESS WIRE)--Technavio’s global wireless infrastructure test equipment market research report forecasts the market to grow at a CAGR of around 8% during the forecast period.
The emergence of 5G networks will be one of the major trends in the global wireless infrastructure test equipment market during 2018-2022. The evolution of 5G networks is being driven by the increase in the number of mobile users, the increase in IP traffic, and the evolution of IoT. 5G subscriptions are expected to increase significantly during the forecast period. Therefore, significant advances are anticipated to be seen in test and measurement devices to keep up with the upcoming technologies.
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According to Technavio analysts, one of the key drivers for the global wireless infrastructure test equipment market is the rise in demand for wireless technology in the aerospace and defense sector:
Global wireless infrastructure test equipment market: Growth in the demand for wireless technology in the aerospace and defense sector
Owing to the growing security concerns, there is a significant increase in the defense budget of countries across the globe year over year. Several countries including the US, the UK, and China are the major investors in the aerospace and defense sector. The defense budget of the US was approximately USD 639 trillion in 2017. This budget is invested in modernization and advanced capabilities to reassert the technological edge over future adversaries.
According to a senior research analyst at Technavio, “During the forecast period, the defense sector is expected to grow as the developed countries are planning on equipping their forces with the most advanced technologies such as precision strike application, defense electronics, and cyber and intelligence gathering. The global wireless infrastructure test equipment market is expected to grow with the increase in such upgraded technologies.”
Global wireless infrastructure test equipment market: Segmentation analysis
The global wireless infrastructure test equipment market analysis report provides market segmentation by product (network analyzer, spectrum analyzer, and signal generator) and by region (the Americas, APAC, and EMEA). This wireless infrastructure test equipment market forecast report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the three major products, the network analyzer segment held the largest wireless infrastructure test equipment market share in 2017, contributing to over 48% of the market. This product segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for close to 36% share. It was followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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