Frost & Sullivan values the global Wi-Fi test equipment market at nearly $1,245.3 million in 2023 and expects it to experience a compound annual growth rate of 7.3% from 2023 to 2028. This market includes a variety of solutions and tools used to verify the functionality and reliability of Wi-Fi networks, including spectrum analyzers, signal generators, protocol analyzers, network analyzers, wireless performance test systems, semiconductor validation systems, and other radio frequency and network validation solutions. This Frost Radar™ focuses on vendors of Wi-Fi testing and validation solutions for all generations of Wi-Fi technology.
Key drivers of the Wi-Fi test equipment market include the increasing demand for high-speed and reliable wireless connectivity; rapid growth of the Internet of Things; advancements in wireless technologies and test equipment; government initiatives such as smart city programs; and the growth of multi-user, multiple input, multiple output (MU-MIMO) technology.
Research and development and close collaborations with customers and standards bodies will be imperative for vendors to remain successful. In addition, vendors will try to differentiate their products with features and functionalities that focus on modularity, scalability, and ease of use.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Wi-Fi Test Equipment 2023
- Wi-Fi Test Equipment
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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- Best Practices
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Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Navdeep Saboo |
| Industries | Test and Measurement Instrumentation |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Wi-Fi Test Equipment Market Analysis |
| Keyword 2 | Wi-Fi Test Equipment Industry Insights |
| Keyword 3 | Wireless Testing Solutions |
| Podcast | No |
| WIP Number | PF7F-01-00-00-00 |
Frost Radar™: Wi-Fi Test Equipment, 2023
A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
06-Nov-2023
Global
Frost Radar
