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The communication test equipment market share is expected to increase to USD 5.95 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.38%.
This communication test equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers communication test equipment market segmentation by application (telecommunication, avionics and defense, automotive, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The communication test equipment (CTE) market report also offers information on several market vendors, including Analog Devices Inc., Anritsu Corp., Aplab Ltd., Astronics Corp., Calnex Solutions Plc, EXFO Inc., Farran, GL Communications Inc., Good Will Instrument Co. Ltd., Keysight Technologies Inc., Megger Group Ltd., National Instruments Corp., NetScout Systems Inc., Rohde and Schwarz GmbH and Co. KG, Spirent Communications Plc, Tektronix Inc., TESSCO Technologies Inc., Texas Instruments Inc., Viavi Solutions Inc., and Yokogawa Electric Corp. among others.
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The increasing penetration of smart devices is notably driving the communication test equipment market growth, although factors such as high costs of deployment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the communication test equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Communication Test Equipment Market Driver
The increasing penetration of smart devices is one of the key factors driving the communication test equipment (CTE) market growth. There is an increase in demand for smart devices due to the development of high-speed network infrastructure. Hence, the proliferation of smart devices incorporating innovative technologies, such as augmented reality, gesture recognition, and voice recognition will increase the need for high-speed communication networks. In addition, the development of smart devices will also lead to increased investments in the development and commercialization of 5G networks. These factors will accelerate the demand for communication testing equipment to build network infrastructure during the forecast period.
Key Communication Test Equipment Market Trend
Government initiatives for high-speed network connectivity is one of the key communication test equipment market trends fueling the market growth. Currently, governments are increasingly focusing on implementing automation across the sector, which is attracting investments in building high-speed communication network infrastructure. As a result, market participants are collaborating with governments to build network infrastructure. This will increase the need for communication test equipment, which is used to test telecommunication networks for providing high-speed network connectivity. Thus, the increasing government initiatives for the development of high-speed networks will accelerate the development of communication test equipment, such as frequency counter, oscilloscope, and spectrum analyzer, for high-speed network connectivity during the forecast period.
Key Communication Test Equipment Market Challenge
High costs of deployment is one of the key factors challenging the communication test equipment (CTE) market growth. Deployment costs may vary depending on the bandwidth requirements for a particular network connection. The expansion of the network capacity requires the existing equipment to be replaced and upgraded, which leads to additional costs. In the case of faults in cables, it becomes extremely difficult to identify the point and source of faults as long-haul networks are huge. This leads to a loss of time and increases the overall cost. Thus, the need for high upfront investments and deployment costs is expected to remain a major challenge for the adoption of communication test equipment during the forecast period.
This communication test equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global communication test equipment market as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the CTE market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the CTE market encompasses successful business strategies deployed by the key vendors. The communication test equipment market is fragmented and the vendors are deploying growth strategies such as technological innovations and strategic partnerships and acquisitions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The communication test equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the communication test equipment (CTE) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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42% of the market’s growth will originate from APAC during the forecast period. China, Japan, South Korea, and Taiwan are the key markets for the CTE market in APAC. Market growth in this region will be slower than the growth of the market in North America.
Rising demand for mobile communication devices will facilitate the communication test equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a negative influence on the production and distribution of communication test equipment. However, demand for communication test equipment gained traction, increasing the regional end-user activities as a consequence of the removal of lockdown limitations in APAC, owing to large-scale vaccination campaigns across the region. This, in turn, is likely to contribute positively to the regional CTE market growth throughout the forecast period.
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The communication test equipment market share growth by the telecommunication segment will be significant during the forecast period. The adoption of communication test equipment is dependent on the growth of the telecommunications sector. Following commercial expansion and growing subscriber bases, operators are moving toward 4G services and 5G services. In addition, R&D investments in the emerging LTE-advanced (LTE-A) technologies and the commercialization of 5G in 2020 have fueled the growth of the telecommunications sector.
This report provides an accurate prediction of the contribution of all the segments to the growth of the communication test equipment(CTE) market size and actionable market insights on post COVID-19 impact on each segment.
Communication Test Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.38% |
Market growth 2022-2026 |
$ 5.95 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.56 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key consumer countries |
US, China, Japan, South Korea, and Taiwan |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Analog Devices Inc., Anritsu Corp., Aplab Ltd., Astronics Corp., Calnex Solutions Plc, EXFO Inc., Farran, GL Communications Inc., Good Will Instrument Co. Ltd., Keysight Technologies Inc., Megger Group Ltd., National Instruments Corp., NetScout Systems Inc., Rohde and Schwarz GmbH and Co. KG, Spirent Communications Plc, Tektronix Inc., TESSCO Technologies Inc., Texas Instruments Inc., Viavi Solutions Inc., and Yokogawa Electric Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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