The 5G testing equipment market share is expected to grow at a CAGR of 7.84% between 2022 and 2027. The increasing demand for improved network capacity to access connected services and the software-defined testing for 5G equipment provides a promising ground for the 5G testing equipment market.
The IoT-connected devices market is witnessing an increasing adoption among end-users. With the 5G technology rollout, there will be a critical need to refresh and update drive test equipment so that new technologies can be successfully and accurately measured, thus contributing to the growth of the 5G test equipment market during the forecast period.
Technavio’s analysis of the “5G Testing Equipment Market” projects that the market share is expected to increase by USD 515.76 million at an accelerating CAGR during 2023-2027.
Browse Technavio's 175-page report and in-depth TOC on "5G Testing Equipment Market by application (oscilloscopes, signal generators, signal analyzers, network analyzers, and others), end-user (telecom equipment manufacturers, original device manufacturers, and telecom service providers), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
View detailed Table of Contents Here: https://www.technavio.com/report/5g-testing-equipment-market-industry-analysis
The 5G testing equipment market is segmented by application (oscilloscopes, signal generators, signal analyzers, network analyzers, and others), end-user (telecom equipment manufacturers, original device manufacturers, and telecom service providers), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The market share growth by the oscilloscopes segment will be significant during the forecast period. Oscilloscopes are used to display and analyze the waveform of electronic signals. APAC is estimated to contribute 31% to the growth of the global market during the forecast period. IoT technology is witnessing an increase in adoption in industrial applications in North America, especially in developed economies such as the US and Canada.
Challenges related to the deployment of 5G technology are a major challenge impeding the wireless testing market growth. The transition from 4G to 5G will lead to higher data rates and higher frequency that may likely impose performance problems on the semiconductor ecosystem. The 5G testing equipment will be required to test and rectify all network-related glitches in the deployment of 5G. Such factors will hamper the growth of the 5G test equipment market during the forecast period.
The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.
Some of the major 5G testing equipment market vendors are Analog Devices Inc., Anritsu Corp., Artiza Networks Inc., EXFO Inc., Fortive Corp., GL Communications Inc., Innowireless Co. Ltd., Intertek Group Plc, Keysight Technologies Inc., MACOM Technology Solutions Holdings Inc., Motorola Solutions Inc., National Instruments Corp., NetScout Systems Inc., PCTEL Inc., Rohde and Schwarz GmbH and Co. KG, Spirent Communications Plc, Telefonaktiebolaget LM Ericsson, Teradyne Inc., and Viavi Solutions Inc.
anritsu.com - The company offers 5G testing equipment such as Network Master Pro MT1040A.
artizanetworks.com- The company offers 5G testing equipment such as DuoSIM-5G.
exfo.com- The company offers 5G testing equipment such as 5GPro Spectrum Analyzer, FTB 5GPro and FTB-1v2 Pro.
Download the PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2023-2027.
CAGR of the 5G testing equipment market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the 5G testing equipment market share.
Prediction of the upcoming trends, drivers, and factors that challenge the 5G testing equipment market.
5G testing equipment market growth across North America, Europe, APAC, Middle East and Africa, and South America.