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.
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 OTA market size. Moreover, the burgeoning aerospace defense sectors worldwide contribute to the growth of the OTA testing market.
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.
Get Free Sample Copy @https://www.marketresearchfuture.com/sample_request/10698
OTA Testing Market – Segments
The report is segmented into technologies, applications, and regions. The technology segment is sub-segmented into 5G, LTE, UMTS, and others. The application segment is bifurcated into automotive transportation, industrial, aerospace defense, telecommunication consumer devices, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
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 EE North America, and AIRCOM Labs contribute to the regional market growth.
Global 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.
Get Complete Report Details @ https://www.marketresearchfuture.com/reports/ota-testing-market-10698
Major Players:
Players active in the global OTA testing market are 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 EE North America (US), and AIRCOM Labs (US), among others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
