Global IoT Testing Equipment demand is projected to be valued at USD 2.24 Billion in 2022, forecast to grow at a CAGR of 31.3% to be valued at USD 34 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 1.71 Billion |
| Expected Market Value (2022) | USD 2.24 Billion |
| Anticipated Forecast Value (2032) | USD 34 Billion |
| Projected Growth Rate (2022 to 2032) | 31.3% CAGR |
The growing adoption of IoT across the industry is fueling the demand for the IoT testing equipment market. Testing the overall behavior of IoT devices is one of the important parameters for device lifecycle and to ensure the proper functionality of IoT devices. IoT testing equipment monitors and performs various tests to ensure the proper functioning of IoT devices.
IoT testing equipment hardware includes devices such as JTAG Dongle, Software-defined radio, Digital storage oscilloscope, and others. Advantages of IoT testing equipment are improved connectivity, predictive management, remote maintenance, and others. Several developments in the IoT testing equipment concerning technology are expected to drive the growth of the global IoT testing equipment market during the forecast period.
The increasing adoption of IoT devices in the residential, industrial, and commercial sectors is driving the global IoT testing equipment market. The government initiatives such as smart cities, connected buildings, and smart homes are fuelling the global IoT testing equipment market.
The continuous development in infrastructure, increasing adoption of smartphones, and others are also expected to have a positive impact on the growth of the global IoT testing equipment market.
The challenges associated with the growth of the global IoT testing equipment market are the failure in real-time data testing, hardware-software compatibility, and others. However, vendors are continuously focused on the development of advanced IoT testing equipment to overcome the above-mentioned challenges.
The Asia-Pacific IoT testing equipment market is likely to observe substantial growth with a CAGR of approximately 13% during the forecast period. The APAC region is estimated to be one of the principal markets for the growth of the IoT market. Owing to the factors such as increasing internet penetration, rising adoption of cloud-based services among small and medium enterprises, and government strategies to encourage digitalization and smart city developments.
Moreover, the induction of high-speed networking technologies has been the key factor driving the market. With the increasing concentration of multinational players in the region and soaring investments, the market for IoT testing equipment is likely to propagate in the forthcoming period.
North America captured nearly 35% share in 2021 and is likely to maintain its dominance throughout the forecast period. The mounting adoption of IoT devices in the residential, industrial, and commercial sectors is propelling the global IoT testing equipment industry. The government initiatives such as smart cities, connected buildings, and smart homes are stimulating the IoT testing equipment market in North America.
Several North American governments are instigating new track review criteria to improve the operational efficiency of railway activities. For instance, in August 2020, the USA Department of Transportation's (DoT's) Federal Railroad Administration (FRA) offered to the Federal Register a final rule asserting the usage of ultrasonic inspection technology enabling railroads to execute continuous rail testing activities, which restructured with GPS technology.
The incessant development in infrastructure and swelling adoption of smartphones has placed the IoT Testing Equipment market on a positive growth trajectory in the region.
Some of the key participants present in the global demand of the IoT Testing Equipment market include McGrath RentCorp, Inc., Anritsu, ROHDE&SCHWARZ, Keysight Technologies, Ixia, RIGOL Technologies, Inc., Tekronix, Infostretch Corporation, Shenzhen Te-lead Technologies Co., Ltd, Test IO, and others and other IoT Testing Equipment manufacturers., among others
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 31.3% from 2022 to 2032 |
| Market Value (2022) | USD 2.24 Billion |
| Market Value (2032) | USD 34 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; SEA and Other APAC; China; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Russia, Poland, Australia & New Zealand, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | McGrath RentCorp, Inc.; Anritsu; ROHDE&SCHWARZ; Keysight Technologies; Ixia; RIGOL Technologies, Inc.; Tekronix; Infostretch Corporation; Shenzhen Te-lead Technologies Co., Ltd; Test IO; and others. |
| Customization | Available Upon Request |
Table 1: Global IoT Testing Equipment Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 2: Global IoT Testing Equipment Market Volume (Units) Forecast by Region, 2017-2032
Table 3: Global IoT Testing Equipment Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 4: Global IoT Testing Equipment Market Volume (Units) Forecast by Type, 2017-2032
Table 5: Global IoT Testing Equipment Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 6: Global IoT Testing Equipment Market Volume (Units) Forecast by Application, 2017-2032
Table 7: North America IoT Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 8: North America IoT Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 9: North America IoT Testing Equipment Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 10: North America IoT Testing Equipment Market Volume (Units) Forecast by Type, 2017-2032
Table 11: North America IoT Testing Equipment Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 12: North America IoT Testing Equipment Market Volume (Units) Forecast by Application, 2017-2032
Table 13: Latin America IoT Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: Latin America IoT Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 15: Latin America IoT Testing Equipment Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 16: Latin America IoT Testing Equipment Market Volume (Units) Forecast by Type, 2017-2032
Table 17: Latin America IoT Testing Equipment Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 18: Latin America IoT Testing Equipment Market Volume (Units) Forecast by Application, 2017-2032
Table 19: Europe IoT Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 20: Europe IoT Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 21: Europe IoT Testing Equipment Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 22: Europe IoT Testing Equipment Market Volume (Units) Forecast by Type, 2017-2032
Table 23: Europe IoT Testing Equipment Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 24: Europe IoT Testing Equipment Market Volume (Units) Forecast by Application, 2017-2032
Table 25: East Asia IoT Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 26: East Asia IoT Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 27: East Asia IoT Testing Equipment Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 28: East Asia IoT Testing Equipment Market Volume (Units) Forecast by Type, 2017-2032
Table 29: East Asia IoT Testing Equipment Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 30: East Asia IoT Testing Equipment Market Volume (Units) Forecast by Application, 2017-2032
Table 31: South Asia & Pacific IoT Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 32: South Asia & Pacific IoT Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 33: South Asia & Pacific IoT Testing Equipment Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 34: South Asia & Pacific IoT Testing Equipment Market Volume (Units) Forecast by Type, 2017-2032
Table 35: South Asia & Pacific IoT Testing Equipment Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 36: South Asia & Pacific IoT Testing Equipment Market Volume (Units) Forecast by Application, 2017-2032
Table 37: MEA IoT Testing Equipment Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 38: MEA IoT Testing Equipment Market Volume (Units) Forecast by Country, 2017-2032
Table 39: MEA IoT Testing Equipment Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 40: MEA IoT Testing Equipment Market Volume (Units) Forecast by Type, 2017-2032
Table 41: MEA IoT Testing Equipment Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 42: MEA IoT Testing Equipment Market Volume (Units) Forecast by Application, 2017-2032
Figure 1: Global IoT Testing Equipment Market Value (US$ Mn) by Type, 2022-2032
Figure 2: Global IoT Testing Equipment Market Value (US$ Mn) by Application, 2022-2032
Figure 3: Global IoT Testing Equipment Market Value (US$ Mn) by Region, 2022-2032
Figure 4: Global IoT Testing Equipment Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 5: Global IoT Testing Equipment Market Volume (Units) Analysis by Region, 2017-2032
Figure 6: Global IoT Testing Equipment Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 7: Global IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 8: Global IoT Testing Equipment Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 9: Global IoT Testing Equipment Market Volume (Units) Analysis by Type, 2017-2032
Figure 10: Global IoT Testing Equipment Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 11: Global IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 12: Global IoT Testing Equipment Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 13: Global IoT Testing Equipment Market Volume (Units) Analysis by Application, 2017-2032
Figure 14: Global IoT Testing Equipment Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 15: Global IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 16: Global IoT Testing Equipment Market Attractiveness by Type, 2022-2032
Figure 17: Global IoT Testing Equipment Market Attractiveness by Application, 2022-2032
Figure 18: Global IoT Testing Equipment Market Attractiveness by Region, 2022-2032
Figure 19: North America IoT Testing Equipment Market Value (US$ Mn) by Type, 2022-2032
Figure 20: North America IoT Testing Equipment Market Value (US$ Mn) by Application, 2022-2032
Figure 21: North America IoT Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 22: North America IoT Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 23: North America IoT Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 24: North America IoT Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 25: North America IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 26: North America IoT Testing Equipment Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 27: North America IoT Testing Equipment Market Volume (Units) Analysis by Type, 2017-2032
Figure 28: North America IoT Testing Equipment Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 29: North America IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 30: North America IoT Testing Equipment Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 31: North America IoT Testing Equipment Market Volume (Units) Analysis by Application, 2017-2032
Figure 32: North America IoT Testing Equipment Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 33: North America IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 34: North America IoT Testing Equipment Market Attractiveness by Type, 2022-2032
Figure 35: North America IoT Testing Equipment Market Attractiveness by Application, 2022-2032
Figure 36: North America IoT Testing Equipment Market Attractiveness by Country, 2022-2032
Figure 37: Latin America IoT Testing Equipment Market Value (US$ Mn) by Type, 2022-2032
Figure 38: Latin America IoT Testing Equipment Market Value (US$ Mn) by Application, 2022-2032
Figure 39: Latin America IoT Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 40: Latin America IoT Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 41: Latin America IoT Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 42: Latin America IoT Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 43: Latin America IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 44: Latin America IoT Testing Equipment Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 45: Latin America IoT Testing Equipment Market Volume (Units) Analysis by Type, 2017-2032
Figure 46: Latin America IoT Testing Equipment Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 47: Latin America IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 48: Latin America IoT Testing Equipment Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 49: Latin America IoT Testing Equipment Market Volume (Units) Analysis by Application, 2017-2032
Figure 50: Latin America IoT Testing Equipment Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 51: Latin America IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 52: Latin America IoT Testing Equipment Market Attractiveness by Type, 2022-2032
Figure 53: Latin America IoT Testing Equipment Market Attractiveness by Application, 2022-2032
Figure 54: Latin America IoT Testing Equipment Market Attractiveness by Country, 2022-2032
Figure 55: Europe IoT Testing Equipment Market Value (US$ Mn) by Type, 2022-2032
Figure 56: Europe IoT Testing Equipment Market Value (US$ Mn) by Application, 2022-2032
Figure 57: Europe IoT Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 58: Europe IoT Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 59: Europe IoT Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 60: Europe IoT Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 61: Europe IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 62: Europe IoT Testing Equipment Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 63: Europe IoT Testing Equipment Market Volume (Units) Analysis by Type, 2017-2032
Figure 64: Europe IoT Testing Equipment Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 65: Europe IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 66: Europe IoT Testing Equipment Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 67: Europe IoT Testing Equipment Market Volume (Units) Analysis by Application, 2017-2032
Figure 68: Europe IoT Testing Equipment Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 69: Europe IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 70: Europe IoT Testing Equipment Market Attractiveness by Type, 2022-2032
Figure 71: Europe IoT Testing Equipment Market Attractiveness by Application, 2022-2032
Figure 72: Europe IoT Testing Equipment Market Attractiveness by Country, 2022-2032
Figure 73: East Asia IoT Testing Equipment Market Value (US$ Mn) by Type, 2022-2032
Figure 74: East Asia IoT Testing Equipment Market Value (US$ Mn) by Application, 2022-2032
Figure 75: East Asia IoT Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 76: East Asia IoT Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 77: East Asia IoT Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 78: East Asia IoT Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 79: East Asia IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 80: East Asia IoT Testing Equipment Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 81: East Asia IoT Testing Equipment Market Volume (Units) Analysis by Type, 2017-2032
Figure 82: East Asia IoT Testing Equipment Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 83: East Asia IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 84: East Asia IoT Testing Equipment Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 85: East Asia IoT Testing Equipment Market Volume (Units) Analysis by Application, 2017-2032
Figure 86: East Asia IoT Testing Equipment Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 87: East Asia IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 88: East Asia IoT Testing Equipment Market Attractiveness by Type, 2022-2032
Figure 89: East Asia IoT Testing Equipment Market Attractiveness by Application, 2022-2032
Figure 90: East Asia IoT Testing Equipment Market Attractiveness by Country, 2022-2032
Figure 91: South Asia & Pacific IoT Testing Equipment Market Value (US$ Mn) by Type, 2022-2032
Figure 92: South Asia & Pacific IoT Testing Equipment Market Value (US$ Mn) by Application, 2022-2032
Figure 93: South Asia & Pacific IoT Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 94: South Asia & Pacific IoT Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 95: South Asia & Pacific IoT Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 96: South Asia & Pacific IoT Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 97: South Asia & Pacific IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 98: South Asia & Pacific IoT Testing Equipment Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 99: South Asia & Pacific IoT Testing Equipment Market Volume (Units) Analysis by Type, 2017-2032
Figure 100: South Asia & Pacific IoT Testing Equipment Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 101: South Asia & Pacific IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 102: South Asia & Pacific IoT Testing Equipment Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 103: South Asia & Pacific IoT Testing Equipment Market Volume (Units) Analysis by Application, 2017-2032
Figure 104: South Asia & Pacific IoT Testing Equipment Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 105: South Asia & Pacific IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 106: South Asia & Pacific IoT Testing Equipment Market Attractiveness by Type, 2022-2032
Figure 107: South Asia & Pacific IoT Testing Equipment Market Attractiveness by Application, 2022-2032
Figure 108: South Asia & Pacific IoT Testing Equipment Market Attractiveness by Country, 2022-2032
Figure 109: MEA IoT Testing Equipment Market Value (US$ Mn) by Type, 2022-2032
Figure 110: MEA IoT Testing Equipment Market Value (US$ Mn) by Application, 2022-2032
Figure 111: MEA IoT Testing Equipment Market Value (US$ Mn) by Country, 2022-2032
Figure 112: MEA IoT Testing Equipment Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 113: MEA IoT Testing Equipment Market Volume (Units) Analysis by Country, 2017-2032
Figure 114: MEA IoT Testing Equipment Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 115: MEA IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 116: MEA IoT Testing Equipment Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 117: MEA IoT Testing Equipment Market Volume (Units) Analysis by Type, 2017-2032
Figure 118: MEA IoT Testing Equipment Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 119: MEA IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 120: MEA IoT Testing Equipment Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 121: MEA IoT Testing Equipment Market Volume (Units) Analysis by Application, 2017-2032
Figure 122: MEA IoT Testing Equipment Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 123: MEA IoT Testing Equipment Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 124: MEA IoT Testing Equipment Market Attractiveness by Type, 2022-2032
Figure 125: MEA IoT Testing Equipment Market Attractiveness by Application, 2022-2032
Figure 126: MEA IoT Testing Equipment Market Attractiveness by Country, 2022-2032
FMI projects the global demand of the IoT Testing Equipment market to expand at a 31.2% value CAGR by 2032
North America is expected to be the most opportunistic IoT Testing Equipment market, expanding at a 7.3% CAGR
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IoT Testing Equipment Market
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