The global wireless network test equipment market is expected to reach US$ 9.1 billion by the end of the 2022-2032 forecast period, growing at a CAGR of 7.6%, concludes a recently published report by Fact.MR. As of 2022, the market is poised to reach US$ 4.36 billion, yielding a dollar opportunity worth US$ 4.7 billion throughout the forthcoming decade. Advancements in the telecommunication sector have pushed sales to new heights.
Demand expanded significantly from 2015 to 2021, registering a growth rate of 8.5% to be valued at US$ 4.04 billion. Government initiatives for promoting digitization, the development of advanced infrastructure, and an increase in population are expected to fuel the global wireless network test equipment market. Government initiatives across several countries like India for free Wi-Fi services are estimated to create significant opportunities for the market during the forecast period.
The increase in the adoption of smart electronic appliances further fosters the demand for wireless testing equipment. Growing adoption of long-term evolution and advanced technologies globally are expected to fuel the demand for wireless network testing products during the forecast period. These trends are likely to provide traction to the wireless network test equipment market.
For more information, visit: https://www.factmr.com/report/wireless-network-test-equipment-market