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OTA Testing Market Size and Growth Rate:
OTA Testing Market was valued at USD 1.02 Billion in 2018 and projected to reach USD 1.77 Billion by 2023 growing at a CAGR of 10.13% during the forecast period 2018 to 2023.
OTA Testing Market Overview:
The OTA testing market is promising a steady pace throughout the forecast period. OTA is abbreviated as over-the-air, where testing is very crucial to improve the standards of various vendors and companies and also required to get CTIA certification. These testing are having high accuracy in predicting the real-world wireless device reliability. OTA testing enhances the quality of the final products and also highly secured.
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OTA Testing Market Growth Drivers and Restraints:
The developers are focused to improve the performance of smart electronic devices, where OTA testing is the perfect choice that guarantees whether the device is delivering accurate experience through wireless contacts. Also it is also playing crucial role in the automotive industry in manufacturing innovative features for the vehicles. It handles all the antenna and receiver performance in the communication systems. The growing prevalence of electronic devices such as laptops, mobiles, desktops and others is the major factor for the growth of the market. The stringent rules and regulations by the government in the communication sector to provide convenience for the users is additionally propelling the growth of the market.
However, lack of sufficient knowledge in testing and monitoring the devices effectively is hampering the growth of the market. The complexity in antenna array and antenna irregularity is basically challenging factors for the market developers. The rapid increase in the internet of things along with the increasing speed of the internet that is 5G is showing up great growth opportunities of the market. The advanced developments in the testing channels with latest technology is about to bolster the growth of the market.
Geographic Insights of OTA Testing Market:
North America is witnessed to hold the highest shares of the market, owing to quick adoption of the advanced technology and implementing innovative techniques for testing. Asia Pacific is also anticipated to hold the largest shares of the market with rise in production sales of the electronic devices and increasing demand from the automotive & transportation sectors. Europe and Middle East & Africa are growing constantly from the recent years with the rise in the developments industrial purposes and need for CTIA certification.
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Key Market Players of OTA Testing Market:
The major players in the market are Intertek, UL LLC, Anritsu, Keysight Technologies, Rohde & Schwarz, Cetecom, Eurofins Scientific, Bureau Veritas, Microwave Vision Group (MVG), and SGS.
OTA Testing Market Key Segmentation:
By Technology:
• Cellular
• Bluetooth
• Wi-Fi
By Industry Vertical:
• Aerospace & Defense
• Consumer Electronics
• Automotive
• Logistics & Transportation
• Healthcare
By Application:
• Home Automation
• Mobile Payment System
• Utilities Management System
• Traffic Control System
• Others
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Research Cosmos
www.researchcosmos.com
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This release was published on openPR.
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