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Advent of Newer Technologies Such as 5G is Expected to Create Growth Opportunities for Advanced Telecom T&M Equipment
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The study aims to showcase the emerging trends in the telecom test and measurement (T&M) industry in India.Research Scope:• Market Split of 5G by APAC Countries: China, Japan, India, South Korea, Rest of the Asia Pacific• Telecommunications Market: Digital India Statistics• Key Trends in Telecom T&MIndia is currently the world’s second largest telecommunications market. Increased mobile-phone penetration and decreased data costs will add 500 million new internet users in India over the next 5 years. During the first quarter of 2018, India became the world’s fastest growing market for mobile applications. India holds tremendous potential in telecommunications and mobile manufacturing as well. With the Make in India initiative creating a wave of optimism and opportunities, mobile manufacturing is set to gain further momentum. Therefore, experts are looking forward to the burgeoning opportunities in mobile handset manufacturing and allied verticals, like mobile services, cable TV, and broadcasting. Wireless services such as high-speed internet connections (3G/4G) will continue to drive operator’s revenue as subscribers adopt smartphones and increase internet usage for internet-based video content.India offers a big opportunity for the T&M equipment market which is primarily attributed to the growth of electronic industry in India, government initiatives (such as Make in India) andnew developments such as the Internet of Things (IoT), millimeter-wave (mm-wave) frequencies, and 5G. These developments propose significant changes in requirements for test equipment, thus opening up new opportunities for T&M vendors. India plans to roll out state-of-the-art 5G telecom services by 2022. The growing demand for bandwidth, multiple devices, and increasingly complex network architecture will continue fuelling growth in the T&M market. The sector may witness the emergence and consolidation of specialized companies. This will segregate pure-play hardware and T&M system companies. It is necessary to have efficient T&M systems capable of integrating data with different formats because without them, testing costs will remain almost as high as equipment manufacturing costs. This report highlights the key emerging trends in the telecom test and measurement industry. It also showcases the revenue forecast of the total 5G market in the Asia-Pacific region by countries for 2019 and 2022.Key Questions this Study will Answer:• Is the 5G market growing? How long will it continue to grow?• What is the current telecommunications market scenario in India?• How are the Digital India initiatives driving telecom growth?• What are the key trends in telecom Test and Measurement?
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