According to a newly published intelligence outlook by Future Market Insights, remarkable expanse of telecommunication infrastructure will remain the prime factor driving adoption of LTE testing equipment. The approximately below US$ 3 billion market for LTE testing equipment is projected to demonstrate exponential revenue growth in coming years.
Exceptional penetration of wireless technology has been steadily pushing LTE (Long-term Evolution) deployment in recent past. With thriving consumer demand for high speed connectivity, growing emergency of accurate carrier testing, battery testing, conformance testing, and field evaluation is also fueling the sales of LTE testing equipment worldwide. Over-the-air (OTA) testing plays a crucial role in evaluation of realistic capabilities, safety, and reliability of wireless devices.
As IoT spreads its roots across all verticals, industry operators are extending their demand for integration of a massive network of connected devices and machinery. The resultant emergence of new alternatives of connectivity is prominently driving the expansion of LTE testing equipment on a global label.
Request a Sample to Obtain Authentic Analysis and Comprehensive Market Insights-https://www.futuremarketinsights.com/reports/sample/rep-gb-8559
Telecom Holds the Lion’s Share in Global Market Revenue
Telecommunication service providers continue to register maximum installation of LTE testing equipment. Smartphone adoption and subsequently following network connection demand are rapidly translating into robust sales of LTE testing equipment. Rapid connectivity migration from 3G to 4G and 5G is cited as the most prominent driving force instrumenting stellar revenue growth of LTE testing equipment, in recent years.
Looking at the flourishing smartphone landscape in Asia Pacific, it is more likely that the region, along with the developing economies in the Middle Eastern and African region, are also slated to develop high market attractiveness in coming years. Africa, a relatively untapped market for LTE providers, is likely to create a heap of opportunities for both LTE providers and LTE testing equipment suppliers in the near future on account of the thriving telecom industry.
Developing Economies Reflecting Maximum LTE Deployment Potential
India, a potentially attractive pocket of investment for LTE products providers, recently witnessed the launch of a new 4G LTE Network by VNL Limited, a prominent manufacturer in the telecom space. The company has unveiled this LTE network for 4G connectivity across rural parts of India and is offering LTE products at economical prices, with a seamless connectivity. Such developments are foreseen to support the growth of Asia’s LTE testing equipment market, thereby adding to the global revenue of LTE testing equipment landscape.
South Korea is also positioned as a lucrative, high potential market for LTE testing equipment providers, as the country has witnessed rapid roll-out of the LTE network and the current penetration of the network is more than 97%. South Korean telecom operators such as SK Telecom are deploying LTE testing equipment for the network test and measurement in diverse devices. SK Telecom recently extended the outreach of their high speed LTE network to serve over 30 Korean countries and around 75 cities. The report thus points exceptional scope of penetration of LTE testing equipment in South Korean market.
Feel Free to Ask an Analyst-
Key Market Players Focussing on Partnerships & Alliances
As revealed by an extensive assessment of the global competitive landscape of LTE testing equipment market, a majority of the prominent manufacturers and vendors of LTE testing equipment are likely to opt for strategic collaborations and partnerships.
While these strategic deals are considered paramount for LTE testing equipment upgrade, the strategy is more likely to offer market participants a competitive edge over others.
Recently, a collaboration between Rohde&Schwarz, and Gemalto has paved the way for development of new T&M tools that facilitate LTE testing by reducing time and costs, which are otherwise challenging in case of LTE and LTE advanced modules.
A few more prominent companies operating in global LTE testing equipment market include Anritsu, Spirent Communications, Agilent Technologies, Inc., Anite, Aeroflex Inc., Tektronix, Inc., and Fluke Corporation.
Key SegmentOn the basis of type
- OTA Test
- Carrier Test
- Battery Test
- Conformance Test
- Field Test
On the basis of application
- research and development
- installation and monitoring
On the basis of end-user
- network equipment manufacturer
- mobile device manufacturer
- telecommunication service provider.
Read Related Reports:
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
United Arab Emirates
LinkedIn| Twitter| Blogs