Communications Test & Measurement Market Predicted to Jump over Five Years
The communications test and measurement (CT&M) market was estimated to be at $3.75 billion in 2013 and is predicted to jump to $5.51 billion in 2018, according to a recent study from MarketsandMarkets. North America and the Asia-Pacific region are predicted to be the biggest markets when it comes to revenue, the study said. On the other hand, Europe and Latin America will see more market traction over the five years.
The CT&M market includes hardware and software test equipment and services, according to a statement. They are used by communication network operators and equipment manufacturers that operate broadband/IP networks. Products are used by communication service providers and equipment manufacturers, mobile device manufacturers, system integrators and enterprises.
The report entitled, "Communications Test and Measurement Market Global Advancements, Worldwide Forecasts & Analysis (2013-2018)," found, too, that wireless communication testing products are predicted to see more traction in the future due to more use of LTE (News - Alert) and LTE-advanced technology and increased demand for wireless testing products. Increased LTE network deployment will impact the market for wireless communication testing products, as well.
It was also predicted that increases in wireless communication testing products will be higher over the next five years. Some of the higher growth rates will be seen in IP broadband services: such as the Ethernet test, SONET/SDH test and DSL test. The mobile phone sector: such as conformance testing, drive test, application testing, network testing, protocol testing and signal receiving.
Field network test products will be the biggest market share over the five years, MarketsandMarkets said. Lab, manufacturing and service assurance test solutions will see increases over the five years, too. In the study, highlighted CT&M vendors were: JDSU, Agilent Technologies, Anritsu, National Instruments, Yokogawa, and Danaher (News - Alert).
Edited by Cassandra Tucker