LTE Test Equipment Market To Reach $3.43 Billion In 2019

The global LTE test equipment market generated revenues of $760.8 million in 2011 and is estimated to reach $3438.5 million in 2019, driven by increasing wireless data and networks deployments. The global LTE Test Equipment market to grow at a CAGR of 20.75% over the period 2015-2019.
There are multiple types of test equipment and technologies for applications such as research and development, manufacturing, installation and maintenance and monitoring will push the growth of the overall LTE test equipment market. The use of higher bandwidth-consuming applications and services will create numerous opportunities for wireless test equipment vendors.
The Chinese wireless test equipment reached $264.8 million in 2011. Wireless test and measurement (T&M) equipment market in Latin America is expected to grow at a CAGR of 13 percent during 2011-2015. Vendors dominating this market include Agilent Technologies, JDSU, Spirent Communications，Anritsu，Aeroflex Holding and Rohde & Schwarz.