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The global OTA testing market accounted to US$ 913.7 Mn in 2018 and is expected to grow at a CAGR of 7.2% during the forecast period 2019 – 2027, to account to US$ 1,721.2 Mn by 2027.
The global OTA testing market by type is segmented into services and hardware. Services segment dominates the OTA testing market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027. Varied types of services are used to for the testing of consumer electronics and other advanced technologies before their roll out into the market.
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Geographically, the OTA testing market is segmented into North America, APAC, Europe, MEA, and SAM regions. North America led the OTA testing market in 2018 with a significant market share and is anticipated to lose its dominance in the coming years to Asia Pacific region. Deployment of 5G and smart cities has commenced in few countries of Asia; whereas testing on autonomous vehicles has commenced in the countries of Middle East and Europe.
The OTA testing market by application is further segmented into home automation, mobile payment system, utilities management system, traffic control system, and others. Home automataion segment of the OTA testing market dominated the application segment and is expected to dominante the market throughout the forecast period from 2019 – 2027. Home automation improves energy efficiency and functionality of appliances while ensuring greater home security.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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