Communication Test And Measurement Market Size, Share, Industry Trends and Forecast to 2030

Communication Test And Measurement Market Size & CAGR in 2021

The global communication test and measurement market had a market size of USD 7.2 billion in 2021 with a Compound Annual Growth Rate (CAGR) of 6.3% from 2021 to 2028. As a result, the market is projected to reach USD 11.5 billion by 2028.

COVID-19 Impact on The Communication Test And Measurement Market

The COVID-19 pandemic has significantly impacted the communication test and measurement market globally. With the imposed lockdowns and restrictions on movement, the demand for communication test and measurement equipment surged due to the increased use of internet services and telecommunication networks for remote work and communication.

On the other hand, the supply chain disruptions and economic uncertainties caused by the pandemic led to delays in the deployment of communication infrastructure projects, affecting the overall market growth. However, as businesses and industries adapted to the new normal, the market gradually recovered, driven by the need for reliable and efficient communication systems.

Communication Test And Measurement Dynamics

The communication test and measurement market is witnessing significant growth due to the increasing deployment of 5G networks, the rising demand for faster and more reliable communication services, and the continuous advancements in technology.

Moreover, the proliferation of Internet of Things (IoT) devices, the growing adoption of cloud-based services, and the expanding digitalization across various industries are driving the demand for communication test and measurement solutions.

Segments and Related Analysis

By Product Type:

- Network Analyzers

- Spectrum Analyzers

- Signal Generators

- Oscilloscopes

- Others

By End-User:

- Telecommunication

- Electronics Manufacturing

- Aerospace & Defense

- Automotive

- Others

By Application:

- Research and Development

- Manufacturing

- Installation and Maintenance

- Others

By Region Analysis

North America:

- The North American region dominated the communication test and measurement market in 2021, driven by the presence of key market players and technological advancements in the region.

- The growing demand for high-speed internet and the widespread adoption of 5G technology are fueling market growth in North America.

Europe:

- Europe is also a significant market for communication test and measurement solutions, attributed to the increasing investments in communication infrastructure and the development of advanced technologies in the region.

- The rising demand for connected devices and the Internet of Things (IoT) applications are driving the market growth in Europe.

Asia Pacific:

- The Asia Pacific region is witnessing rapid growth in the communication test and measurement market due to the expanding telecommunication sector and the increasing adoption of digital services in countries like China, India, and Japan.

- The emergence of smart cities and the deployment of 5G networks are key factors contributing to the market growth in Asia Pacific.

Key Market Players and Competitive Landscape

Some of the key market players in the communication test and measurement industry include Keysight Technologies, Anritsu Corporation, Rohde & Schwarz, EXFO Inc., Viavi Solutions, Yokogawa Electric Corporation, and Tektronix, among others.

These players are actively engaged in product development, strategic partnerships, and mergers and acquisitions to maintain their market position and expand their product offerings.

Recent Happenings in the Communication Test And Measurement Market

- In July 2022, Anritsu Corporation announced the launch of a new network analyzer for 5G testing, aiming to provide comprehensive solutions for next-generation communication technologies.

- Keysight Technologies introduced a new spectrum analyzer with advanced capabilities for signal analysis in wireless communication systems in September 2022, catering to the increasing demand for high-performance test equipment.

- Viavi Solutions collaborated with leading telecommunication companies to develop innovative fiber optic testing solutions, addressing the growing need for efficient network performance monitoring.

- Rohde & Schwarz expanded its product portfolio with the introduction of a new oscilloscope series designed for high-speed data analysis and signal integrity testing, enhancing its position in the communication test and measurement market.