North America Communication Test and Measurement (CT&M) Market Worth $1.9 Billion by 2018 - New Report by MicroMarket Monitor
(PRWEB) July 12, 2014 -- The fastest-growing mobile technology is LTE (Long Term Evolution). The demand for test and measurement of LTE networks continues to grow due to the rapid evolution of LTE. The demands for smart devices have increased mobile data traffic, which is a major driver for the Communications Test and Measurement (CT&M) market. Communications Test and Measurement equipment comply with industry standards, and services which meet customer’s requirements.
The Communications Test and Measurement Market is estimated to grown from $3.75 billion in 2013 to $5.51 billion in 2018, at an expected CAGR of 8.01% for the period between 2013 and 2018.
North America is a highly developed region, where many organizations are fully based on technology. There leads to an increase in the mobile network connection speed, which is a driver for the Communications Test and Measurement market. By 2018, it is estimated that the average mobile network connection speed will reach 4500 kbps. This huge increase in the network connection speed creates a potential for the CT&M market. The North American Communications Test and Measurement market is estimated to grow from $1.4 billion in 2013 to $1.9 billion in 2018, at an expected CAGR of 6.0% for the period between 2013 and 2018. The compound annual growth rate indicates that the North American Communications Test and Measurement market is one of the growing markets.
Browse through the market data tables, figures and detailed ToC on the “North America Communication Test and Measurement Market”
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Europe Communication Test and Measurement Market
In Europe, various countries are still deploying the 4G communications technology. Almost 60 % of the U.K. is covered by the technology. The push for Communications Test and Measurement is the rise in the number of 4G connections. This will also enhance the solutions market, such as wireless test equipment, test performance, and network management. The increase in mobile data capacity will be a driver for the Communications Test and Measurement market. With the increase in mobile data usage, there is a demand for mobile data capacity as well.
The Europe Communications Test and Measurement market is estimated to grow from $0.8 billion in 2013 to $1.3 billion in 2018, at an expected CAGR of 9.0% for the period between 2013 and 2018. The compound annual growth rate indicates that the European Communications Test and Measurement market is one of the growing markets.
Asia-Pacific Communication Test and Measurement Market
The Asia-Pacific Communications Test and Measurement market is growing due to the increase in the number of smart devices. In some countries of the Asia-Pacific region, such as China and India, the number of smart devices sold totaled almost 330 million in 2013. The evolution and adaptation of smart phones ensured that almost 66% of the total mobile phones sold in 2012 were smart phones.
Compared to 2012, GPRS data traffic grew 63.48% in 2013, while growth in WLAN traffic increased 227.55% as compared to 2012. 3G data connections also increased by a huge percentage in 2012. This remarkable increase in data traffic is itself a driver for the Communications Test and Measurement market in the Asia-Pacific region.
Countries like Japan have on an average 41 applications per phone. This leads to high use of applications, which results in high bandwidth usage. This creates a high growth opportunity for the Asia-Pacific Communications Test and Measurement market.
The Asia-Pacific Communications Test and Measurement market is estimated to grow from $1.0 billion in 2013 to $1.6 billion in 2018, at an expected CAGR of 10.3% for the period between 2013 and 2018.
Middle East and Africa Communication Test and Measurement Market
There is an increase in the global telecommunication research and development spending, which provides many new business opportunities for the Communications Test and Measurement market. Many players in the Middle East and African region dealing with telecommunications are spending more than $40 billion on research and development for their value chain.
Rest of World Communication Test and Measurement Market
In the Rest of the World, the Communications Test and Measurement market is driven by growth in 4G mobile connections, which also increases the demand for wireless test equipment, test performance, and network management solutions. Studies show that the connections are expected to grow from 936,000 in 2013 to 86.2 million in 2018.
The Rest of world Communications Test and Measurement market is estimated to grow from $0.5 billion in 2013 to $0.7 billion in 2018, at an expected CAGR of 7.1% for the period between 2013 and 2018. The compound annual growth rate indicates that the Rest of world Communications Test and Measurement market is one of the fastest-growing markets.
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