Latin America Over-the-air (ota) Testing Market Size & Outlook
The over-the-air (ota) testing market in Latin America is expected to reach a projected revenue of US$ 398.2 million by 2030. A compound annual growth rate of 9.9% is expected of Latin America over-the-air (ota) testing market from 2024 to 2030.
Revenue, 2023 (US$M)
$206.3
Forecast, 2030 (US$M)
$398.2
CAGR, 2024 - 2030
9.9%
Report Coverage
Latin America
Latin America over-the-air (ota) testing market highlights
- The Latin America over-the-air (ota) testing market generated a revenue of USD 206.3 million in 2023.
- The market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 206.3 million |
| Market revenue in 2030 | USD 398.2 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | ANRITSU CORPORATION, Rohde & Schwarz, Keysight Technologies Inc, ETS-Lindgren, Bluetest, SGS AG, MVG, Underwriters Laboratories (UL), Intertek Group PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.7% of the global over-the-air (ota) testing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,388.5 million by 2030.
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Over-the-Air (OTA) Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| MVG | View profile | 1-10 | Aachen, Nordrhein-Westfalen, Germany, Europe | http://www.eine-welt-shop.de |
| Bluetest | View profile | 11-50 | Göteborg, Vastra Gotaland, Sweden, Europe | http://www.bluetest.se |
| ANRITSU CORPORATION | View profile | 1001-5000 | Atsugi, Kanagawa, Japan, Asia | https://www.anritsu.com |
| Underwriters Laboratories (UL) | View profile | 10001+ | Northbrook, Illinois, United States, North America | http://www.ul.com |
| Rohde & Schwarz | View profile | 10001+ | Munich, Bayern, Germany, Europe | http://www.rohde-schwarz.com/ |
| ETS-Lindgren | View profile | 501-1000 | Cedar Park, Texas, United States, North America | http://www.ets-lindgren.com/ |
| Intertek Group PLC | View profile | 44000 | 33 Cavendish Square, London, United Kingdom, W1G 0PS | https://www.intertek.com |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| Keysight Technologies Inc | View profile | 14900 | 1400 Fountaingrove Parkway, Santa Rosa, CA, United States, 95403-1738 | https://www.keysight.com |
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