PUBLISHER: Lucintel | PRODUCT CODE: 1387202
PUBLISHER: Lucintel | PRODUCT CODE: 1387202
Communication Test and Measurement Trends and Forecast
The future of the global communication test and measurement market looks promising with opportunities in the network equipment manufacturer, mobile device manufacturer, and telecommunication service provider markets. The global communication test and measurement market is expected to reach an estimated $11.1 billion by 2030 with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are rising demand for high-speed and reliable communication networks, rapid adoption of 5G network, and growing requirement for bandwidth and digital traffic inspection.
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Communication Test and Measurement by Segment
The study includes a forecast for the global communication test and measurement by type, end use, and region.
Communication Test and Measurement Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Communication Test and Measurement Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Communication Test and Measurement Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Communication Test and Measurement Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies communication test and measurement companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the communication test and measurement companies profiled in this report include-
Communication Test and Measurement Market Insights
Lucintel forecasts that network assurance test will remain the largest segment due to its substantial usage for ensuring the performance and reliability of communication networks.
North America is expected to witness highest growth over the forecast period due to to high adoption of smart devices among population and presence of key players in the region.
Features of the Global Communication Test and Measurement Market
Market Size Estimates: Communication test and measurement market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Communication test and measurement market size by type, end use, and region in terms of value ($B).
Regional Analysis: Communication test and measurement market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the communication test and measurement market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the communication test and measurement market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the communication test and measurement market size?
Answer: The global communication test and measurement market is expected to reach an estimated $11.1 billion by 2030.
Q2. What is the growth forecast for communication test and measurement market?
Answer: The global communication test and measurement market is expected to grow with a CAGR of 9.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the communication test and measurement market?
Answer: The major drivers for this market are rising demand for high-speed and reliable communication networks, rapid adoption of 5G network and growing requirement for bandwidth and digital traffic inspection.
Q4. What are the major segments for communication test and measurement market?
Answer: The future of the communication test and measurement market looks promising with opportunities in the network equipment manufacturer, mobile device manufacturer, and telecommunication service provider markets.
Q5. Who are the key communication test and measurement market companies?
Answer: Some of the key communication test and measurement companies are as follows:
Q6. Which communication test and measurement market segment will be the largest in future?
Answer: Lucintel forecasts that network assurance test will remain the largest segment due to its substantial usage for ensuring the performance and reliability of communication networks.
Q7. In communication test and measurement market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to to high adoption of smart devices among population and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.