The mobile network drive test equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mobile Network Drive Test Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The mobile network drive test equipment market size has grown strongly in recent years. It will grow from $5.44 billion in 2023 to $5.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increasing demand for high-speed data services, growing complexity of network infrastructure, demand for better network performance, need for accurate network diagnostics, regulatory compliance requirements.
The mobile network drive test equipment market size is expected to see strong growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to focus on network optimization and efficiency, demand for real-time analytics and monitoring, expansion of mobile broadband services, emphasis on quality of service and quality of experience, proliferation of IoT devices. Major trends in the forecast period include shift towards cloud-based testing solutions, rise of virtualized network testing platforms, emergence of autonomous drive test capabilities, growing importance of network slicing testing, adoption of advanced antenna technologies.
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Scope Of Mobile Network Drive Test Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mobile Network Drive Test Equipment Market Overview
Market Drivers –
The rise of high-capacity networks is expected to propel the growth of the mobile network drive test equipment market going forward. High-capacity networks refer to telecommunications networks with the capability to deliver high downlink and uplink bandwidth, resilience, low latency, and low latency variation. The mobile network drive test equipment market is expanding significantly due to the exponential increase in data consumption caused by various causes, including internet-connected devices, streaming services, cloud computing, and emerging technologies such as the Internet of Things (IoT). As data consumption grows, there is an need for high-capacity network test equipment’s that can accommodate the growing traffic. For instance, in September 2022, according to a report by the Cellular Telecommunications and Internet Association (CTIA), a US-based trade association, in the United States, 315 million Americans are now covered by 5G, and the number of 5G devices grew over 513 percent from 14 million in 2020 to 85 million in 2021. Therefore, the rise of high-capacity networks is driving the growth of the mobile network drive test equipment market.
Market Trends –
Major companies operating in the mobile network drive test equipment market are increasing their focus on developing advanced solutions, such as network benchmarking solutions, to enhance performance evaluation and gain a competitive edge. This software tool is used to evaluate and measure the performance of network drives, providing insights into their efficiency within a network setup. For instance, in January 2023, Rohde & Schwarz, a Germany-based technology group, launched Benchmarker 3. This platform offers a compact design, enhanced reliability, smart analytics, cloud-based configurations, smart campaign automation, and full backward compatibility. Its technological advancements include improved user equipment cooling, support for up to 12 QualiPoc probes, and seamless drill-down analytics, making it significant in the mobile network drive test equipment market, addressing complexities, and enhancing quality of experience (QoE) for end-users.
The mobile network drive test equipment market covered in this report is segmented –
1) By Type: 2G, 3G, 4G, 5G
2) By Application: Benchmarking, Monitoring And Control, Network Testing
3) By End-User: Mobile Operators, Equipment Manufacturers, Other End Users
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Regional Insights –
North America was the largest region in the mobile network drive test equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile network drive test equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the mobile network drive test equipment market are Qualcomm Incorporated, Nokia Corporation, CommScope Inc., Keysight Technologies Inc., Teradyne Inc., Rohde & Schwarz GmbH & Co KG, VIAVI Solutions Inc., Anritsu Corporation, Spirent Communications plc, NETSCOUT Systems Inc., DingLi Corporation Ltd., Ascom Holding AG, EXFO Inc., ETS-Lindgren Inc., Teoco Corporation LLC, InfoVista S.A., Anite plc, Mitek Systems Inc., PCTEL Inc., Datang Mobile Communications Equipment Co. Ltd., Radcom Ltd., Kaelus Inc., Bird Technologies Group, Cobham Wireless Limited, Beijing StarPoint Technology Co. Ltd., Azimuth Systems Inc., Accuver Americas Inc., AWT Global LLC
Table of Contents
1. Executive Summary
2. Mobile Network Drive Test Equipment Market Report Structure
3. Mobile Network Drive Test Equipment Market Trends And Strategies
4. Mobile Network Drive Test Equipment Market – Macro Economic Scenario
5. Global Mobile Network Drive Test Equipment Market Size and Growth
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32. Global Mobile Network Drive Test Equipment Market Competitive Benchmarking
33. Global Mobile Network Drive Test Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mobile Network Drive Test Equipment Market
35. Mobile Network Drive Test Equipment Market Future Outlook and Potential Analysis
36. Appendix
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