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The global 5G testing equipment market reached a value of about USD 2.38 billion in 2023. The market is further expected to grow at a CAGR of 8.9% in the forecast period of 2024-2032 to reach a value of approximately USD 5.12 billion by 2032.
One of the major factors driving the requirement for testing equipment is hyper connectivity. In developing economies, such as China and India, the growing use of smartphones and other devices continues to create data traffic in a network. As a result, the need for a more efficient and secure network is reinforced. Thus, the increased demand for data traffic control is expected to propel 5G technology forward, resulting in the growth of the 5G testing equipment industry.
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Furthermore, connectivity requirements in smartphones, connected cars, smart home devices, and other consumer electronic products are expected to drive the market growth. The availability of wireless and wired technologies and the deployment of 5G are potential elements for making the connectivity process easier, thus, driving the demand for 5G testing equipment.
In North America, the market growth is likely to be aided by the increased deployment of advanced technology and the presence of well-built network infrastructure in the region. Meanwhile, the expanding telecom sector is predicted to aid in the moderate market growth in the Middle East and Africa and Latin America in the coming years.
Over the forecast period, the market in the Asia Pacific is expected to grow significantly. The deployment of 5G network infrastructure for media and entertainment, transportation and logistics, healthcare, and manufacturing, among other industry verticals, is projected to be a priority for major market players in China, Japan, and South Korea. Furthermore, the quickly increasing demand for smartphones, combined with faster internet connections, has resulted in a flurry of 5G-enabled smartphone production across the region. These factors are contributing to the demand for 5G testing equipment in the region.
5G testing equipment are one of the advanced solutions, which include devices and equipment, to test the capability of 5G systems. There has been an expansion in the field of network connectivity right from 2G, 3G to 4G and the latest version of 5G, and updated network technology. 5G is the most recent period in a long line of cellular technologies, operating in extremely wide radio frequency bands and allowing for a unique usage of frameworks beyond current mobile broadband. 5G testing involves more than verifying the download speed, expansive coverage density, and super low latency to achieve operational excellence in this emerging field.
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By source, the market is divided into:
Based on equipment, the industry can be segmented into:
On the basis of end use, the industry can be divided into:
The market is divided based on application into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The demand for 5G testing equipment for validation has surged as a result of expansion in 5G connectivity globally. It is necessary to conduct 5G tests continually with 5G device test tools so that scarcity in network operations is minimal or entirely removed and a safe and trusted 5G network is created. To create industry adaptable and application specific 5G testing equipment, constant research and development activities are taking place, which has accelerated the market growth. This is supported by a growing telecom subscriber base. Furthermore, the deployment of 5G and the growing acceptance of software-defined testing are two more significant aspects that are expected to propel the 5G testing equipment market forward.
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Furthermore, one of the primary causes that is expected to increase the adoption of 5G testing equipment is the advent of a hyper-connected world. As the need for linked equipment grows in countries such as the United States, the market is expected to receive a further boost. On the contrary, key restraints of the market are the associated cost and technical issues due to multiple carrier involvement.
The report gives a detailed analysis of the following key players in the global 5G testing equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Equipment |
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Breakup by End Use |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global 5G testing equipment market attained a value of nearly USD 2.38 billion.
The market is projected to grow at a CAGR of 8.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.12 billion by 2032.
The major market drivers include the incrasing research and development activities by key players, the growing use of smartphones, and availability of wireless and wired technologies.
The increasing demand for data traffic control, expansion in 5G connectivity globally, and growing acceptance of software-defined testing are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major segments based on sources of the product considered in the market report are new and rental.
The various equipment included in the 5G testing equipment market report are oscilloscopes, vector signal generators, signal analysers, spectrum analysers, and network analysers, among others.
Telecom equipment manufacturers, original device manufacturers (ODMs), and telecom service providers, among others, are the several end uses of the product.
The major applications of 5G testing equipment are network construction, network maintenance, and network optimisation, among others.
The major players in the market are Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, MACOM Technology Solutions Holdings Inc, Artiza Networks, Inc., Teradyne, Inc., VIAVI Solutions Inc., and Keysight Technologies Inc., among others.
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