At 9.0% CAGR, South & Central America Wireless Testing Market is Projected to be Worth US$ 1,144.87 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the South & Central America wireless testing market was valued at US$ 572.99 million in 2023 and is expected to reach US$ 1,144.87 million by 2031, registering a CAGR of 9.0% from 2023 to 2031. Automation of wireless testing in aerospace industry and government initiatives in wireless testing are among the critical factors attributed to drive the South & Central America wireless testing market growth.

The aerospace industry is rapidly adopting advanced communication technology platforms, such as 5G, Wi-Fi 6, and satellite communication. Aircraft are heavily equipped with wireless communication systems for in-flight entertainment, passenger connectivity, and operational data transmission. This heightened connectivity necessitates extensive testing to ensure seamless operation. Also, the aerospace sector is governed by stringent safety regulations imposed by bodies. Wireless testing is critical to verify that all systems meet these regulatory standards. The development of advanced testing equipment, such as spectrum analyzers, signal generators, and software-defined radios, further enhances the capability to test wireless systems. As the aerospace industry continues to evolve and embrace wireless technologies, the need for effective wireless testing gets stimulated. Automating the testing processes can help reduce the time and costs associated with manual testing, making it easier for aerospace companies to integrate comprehensive wireless testing into their workflows. Thus, the transition toward automated wireless testing in the aerospace industry is likely to trend in the market during the forecast period.

On the contrary, lack of standardization in connectivity protocol hampers the growth of South & Central America wireless testing market.

By offering, the South & Central America wireless testing market is bifurcated into equipment and services. Further, equipment is sub segmented into wireless device testing and wireless network testing. The equipment held 63.4% share of South & Central America wireless testing market share in 2023, amassing US$ 363.22 million. It is projected to garner US$ 702.74 million by 2031 to register 8.6% CAGR during 2023–2031.

In terms of technology, the South & Central America wireless testing market is segmented into Bluetooth, Wi-Fi, GPS, 2G/3G, 4G/LTE, and 5G. The Bluetooth segment held 30.7% share of South & Central America wireless testing market share in 2023, amassing US$ 175.93 million. It is projected to garner US$ 298.50 million by 2031 to register 6.8% CAGR during 2023–2031.

By application, the South & Central America wireless testing market is segmented into consumer electronics, automotive, IT and telecommunication, energy and power, medical devices, aerospace and defense, industrial, and others. The IT and telecommunication segment held 24.2% share of South & Central America wireless testing market share in 2023, amassing US$ 138.39 million. It is projected to garner US$ 254.57 million by 2031 to register 7.9% CAGR during 2023–2031.

Based on country, the South & Central America wireless testing market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 68.9% share of South & Central America wireless testing market in 2023. It was assessed at US$ 394.53 million in 2023 and is likely to hit US$ 810.48 million by 2031, registering a CAGR of 9.4% during 2023–2031.

Key players operating in the wireless testing market are Anritsu Corp; Bureau Veritas SA; DEKRA SE; EXFO Inc.; Intertek Group Plc; Rohde and Schwarz GmbH and Co KG; SGS SA; ThinkPalm Technologies Pvt. Ltd.; TUV Rheinland AG; and Viavi Solutions Inc, among others.

• In October 2024; VIAVI Celebrated Opening of Automated Open RAN Lab-as-a-Service Test Facility. Viavi Solutions Inc. opened its VALOR Open RAN testing facility in Chandler, Arizona. Funded by a grant from the NTIA Public Wireless Supply Chain Innovation Fund, VALOR offers an automated and impartial Lab-as-a-Service/Test-as-a-Service suite for testing Open RAN interoperability, performance, and security.

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