The global OTA testing market is garnering substantial traction. The market growth attributes to the proliferating demand for high-speed internet connectivity with reduced latency and power consumption. Besides, the rising need for unhindered wireless communication, rapid advancements in 5G technologies, and increasing demand for automated working environments drive the market growth. The OTA Testing Market report scrutinizes all the elements businesses need to get unbiased data to help them understand the threats and challenges ahead of their business. The Service industry report further includes market shortcomings, stability, growth drivers, restraining factors, and opportunities over the forecast period.
With the spurting rise in usages of cloud services and cloud storage, the market is expected to witness significant revenue gains during the next few years. According to Market Research Future (MRFR), the OTA testing market is poised to create a valuation of USD 2.15 BN by 2027, registering 8.3% CAGR throughout the assessment period (2020–2027).
Additionally, advances in OTA testing solutions and digital transformation in organizations, alongside the growing numbers of telecom businesses and automotive companies, foster the market size. Moreover, the burgeoning aerospace & defense sectors worldwide contribute to the growth of the OTA testing market.
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On the other hand, coexistent testing issues are hampering market growth. Also, antenna array calibration and mutual coupling between antenna elements create challenges for the market players. Nevertheless, rapid technology upgrades and the defragmentation of IoT platform providers would support market growth during the review period, presenting lucrative growth opportunities for the players operating in the market.
OTA Testing Market – Competitive Landscape
Highly competitive, the OTA testing market appears fragmented due to the presence of many well-established players. These players incorporate strategic approaches such as mergers & acquisitions, collaboration, expansion and, product & technology launch to gain a substantially larger competitive share.
OTA Testing Market Key Players
- Rohde & Schwarz (Germany)
- Element Materials Technology (UK)
- CETECOM (Germany)
- NTS (US)
- EMITE (Spain)
- Intertek Group plc (UK)
- BluFlux (US)
- TÜV Rheinland (Germany)
- Bureau Veritas SA (France)
- SGS SA (Switzerland)
- UL LLC (US)
- Verkotan (Finland)
- Aethertek (Taiwan)
- Eurofins E&E North America (US)
- AIRCOM Labs (US)
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Global OTA Testing Market – Segments
GLOBAL OTA TESTING MARKET, BY TECHNOLOGY
- Introduction
- 5G
- LTE
- UMTS
- Others
GLOBAL OTA TESTING MARKET, BY APPLICATION
- Introduction
- Automotive & Transportation
- Industrial
- Aerospace & Defense
- Telecommunication & Consumer Devices
- Others
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OTA Testing Market – Geographical Analysis
North America heads the global OTA testing market. The largest market share attributes to the rising demand for OTA testing platforms across end-use industry verticals in this region. Besides, factors such as the increasing need for unhindered wireless communication and rapid advancements & adoption of 5G technology boost the market size.
Also, the rising demand for automated working environments substantiates the OTA testing market share, creating vast market demand. Additionally, the presence of key players such as NTS, BluFlux, UL LLC, Eurofins E&E North America, and AIRCOM Labs contribute to the regional market growth.
Key Points Covered in the Report:
- The OTA Testing research assesses the industry’s share in terms of demand and supply, as well as volume.
- The study mentions the market share acquired by each product category in terms of consumption value and volume.
- The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
- The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
- The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
- There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.
Major Points from TOC:
- Global OTA Testing Overview
- Executive Summary
- Production and Capacity by Region
- Production, Revenue, Price Trend by Type
- Key Players Analysis
Continued…
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