What is the current Communication Test Equipment (CTE) Market size?

The Communication Test Equipment (CTE) Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029) Read More

Who are the key players in Communication Test Equipment (CTE) Market?

EXFO Inc., Spirent Communications Inc., Texas Instruments Incorporated, Anritsu A/S and Rohde & Schwarz GmbH & Co KG are the major companies operating in the Communication Test Equipment (CTE) Market. Read More

Which is the fastest growing region in Communication Test Equipment (CTE) Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Communication Test Equipment (CTE) Market?

In 2024, the Asia Pacific accounts for the largest market share in Communication Test Equipment (CTE) Market. Read More

What years does this Communication Test Equipment (CTE) Market cover?

The report covers the Communication Test Equipment (CTE) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Communication Test Equipment (CTE) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Communication Test Equipment (CTE) Market Trends

Statistics for the 2023 & 2024 Communication Test Equipment (CTE) market trends, created by Mordor Intelligence™ Industry Reports. Communication Test Equipment (CTE) trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Communication Test Equipment (CTE) Industry

This section covers the major market trends shaping the Communication Test Equipment Market according to our research experts:

Telecommunications is Expected to witness a Significant Growth

The increasing initiatives by the government and the related regulatory bodies in order to beef up preparedness for the upcoming technologies and security that allow them to provide a better experience is expected to fuel the CTE market growth over the forecast period.
For instance, The Department of Telecommunications (DoT) has demanded mandatory testing and certification from the local authorized agencies for telecom equipment imported or sold in India.
5G is expected to unleash a massive IoT ecosystem that would allow networks to serve for billions of connected devices making it essential for the providers to have CTEs that would enable them to provide smooth and uninterrupted connectivity. According to Ericsson's Mobility Report of June 2019, More than 10 million 5G subscriptions are projected worldwide by the end of 2019. This in itself is indicative of the fact that there lies a lucrative opportunity for the communications test equipment providers which could boost the market over the forecast period.

Communication Test Equipment Market: Number of Mobile 5G Subscriptions, in Millions, Global, 2019 - 2023

Understand The Key Trends Shaping This Market

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North America is Expected to Hold Significant Share

North America is expected to dominate the market over the forecast period, owing to the presence of some major players in the region such as Texas Instruments Incorporated, Exfo Inc. amongst others.others coupled with the extensive research and development activities that have resulted in the wide-scale adoption of the communication test equipment market in the region.
The government is increasingly investing in the aerospace and defense sector to upgrade the pre-existing infrastructure that allows them to gain an edge over the potential threats and allows them to be ready for the future.
For instance, in September 2019, KBR announced that it was awarded two contract modifications totaling almost USD 40 million to upgrade remote tracking stations in the Air Force Satellite Control Network (AFSCN). This is expected to boost the adoption of the CTE market over the forecast period.
Also, the region is one of the pioneers in the roll out of 5G is expected to witness a surge in the 5G subscriptions over the forecast period thereby propelling the vendors in the 5G market to possess communication test equipment that allows them to better serve their consumers.
According to the Ericcson's Mobility Report of June 2019, the region is expected to hold close to 270 million 5G subscriptions accounting for more than 60 percent of mobile subscriptions.