The global 5G testing equipment market is expected to expand at a 26.0% CAGR during the forecast period. The 5g testing equipment industry is anticipated to be worth USD 2,029.0 million in 2023 and exceed USD 20,464.1 million by 2033. The rapid deployment of 5G networks is a primary driver propelling the 5G testing equipment industry. As telecommunication companies globally race to implement …
Category Archives: Testing Equipment
Global Agricultural Testing Services Market Share Estimated to Reach USD 10.6 Billion by 2033, Surging at a Decent 7.5% CAGR
The global agricultural testing services market was expected to generate an absolute monetary opportunity of more than USD 5.1 billion in 2023. Sales of agricultural testing services are expected to grow with a CAGR of roughly 7.5% projected from 2023 to 2033. The demand for agricultural testing services is predicted to exceed USD 10.6 billion by the end …
FMI Projection Affirms Global Food Tester Market Size Anticipated to Reach USD 42.81 Billion by 2032, Driven by 8% CAGR
The global food tester market is poised for significant growth, with a projected annual growth rate of 8% reaching a market value of USD 42.81 billion by 2032. The market is driven by various factors, including technological advancements, industry consolidations, and increasing demand for food safety and quality. The food tester market is expected to witness robust …
FMI Analysis Predicts Global Leak Testing Market Valuation Anticipated to Surpass USD 13 Billion by 2032, Surging Steadily at 4.8% CAGR
The global leak testing market was valued at approximately USD 7.8 billion in 2021. Forecasts suggest that sales will experience a steady growth trajectory, expanding at a compound annual growth rate (CAGR) of 4.8%, with the market projected to reach USD 13 billion by 2032. Within the hardware category, the detectors segment is anticipated to represent over …
Global Viscometer Market Size Projected to Grow at a CAGR of 6.9% to Reach USD 587.3 Million Valuation by 2031
The global viscometer market is poised to grow significantly, with a projected compound annual growth rate (CAGR) of 6.9%, reaching a valuation of USD 587.3 million by 2031. This growth is driven by increasing applications of viscometers across diverse industries including pharmaceuticals, petroleum, and cosmetics. As these sectors demand precise viscosity measurements to ensure product quality and …
FMI Projection States Global Continuous Emission Monitoring System Market Share to Hit USD 4.22 Billion Mark in 2033, Surging Steadily at 4.5% CAGR
The global continuous emission monitoring system market was expected to secure a valuation of USD 2.72 billion in 2023 and is projected to reach USD 4.22 billion mark by 2033. The market is capturing a CAGR of 4.5% during the forecast period 2023-2033. The power generation industry is one of the prominent sectors in the global market that registering a maximum share …
FMI Analysis States Global Tire Testing Machines Set to Expand Amidst Technological Advancements by 2031
Expansion of the tire industry and increasing automotive sales are anticipated to drive the tire testing machine market. According to a study by Future Market Insights (FMI), the tire testing machine market will reach USD 467.7 Mn by 2021. The increasing rate in tire production will remain a chief growth driver. Tire testing machines have dynamic …
Global Environmental Test Chambers Market Revenue Share Poised to Exceed USD 1,435.1 Million Mark by 2033, Driving 4.6% CAGR Growth
The environmental test chambers market is registering an average growth pace with an estimated CAGR of 4.6% from 2023 to 2033. Due to the growing number of standards governing product quality in various industries, environmental test chamber manufacturers are likely to receive revenue potential as high as USD 1,435.1 million by 2033. As per the FMI’s latest …
Interactive Whiteboards Market to Surpass USD 400 Million by 2020, Driven by E-Learning and Virtual Learning Demand
Globally, customers are adopting consumer electronics Accessories Market goods more often. This is mostly attributable to consumers’ growing worldwide knowledge of electronic items. Over the next five to six years, it is anticipated that the growing demand for products like smartphones, tablets, and other connected gadgets will fuel the need for suitable accessories. “Integration of …
Global Semiconductor Packaging Market to Surpass US$53.7 Billion by 2033, Driven by High-Performance Computing and AI Advancements
Semiconductor Packaging Market The global semiconductor packaging market is poised for remarkable growth, with its value expected to rise from $28.6 billion in 2023 to a staggering $53.7 billion by 2033. This robust expansion, marked by a compound annual growth rate (CAGR) of 6.5%, is fueled by the increasing demand for advanced semiconductor packaging solutions, …