Latest News- 5G Testing Equipment Market: Oscilloscopes is expected to lead the Application segment during 2024-2028

The 5G Testing Equipment Market is being driven by Increasing demand for improved network capacity to access connected services

The 5G Testing Equipment Market is expected to grow at a CAGR of 8.43% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 605.76 million. The test and measurement industry is transitioning towards software-defined solutions to create agile and efficient testing equipment for intricate 5G radio frequency (RF) designs. Traditional test sets relied heavily on hardware-centric benchtop instruments. However, software modules enable engineers to develop test programs for various 5G technologies and standards swiftly. Flexible test sets that can swiftly adopt new 5G specifications through software expedite 5G prototyping and deployment. Furthermore, a software-defined approach safeguards test programs against future 5G challenges by ensuring adaptability. For instance, 5G new radio (NR) prototyping is executed using reprogrammable instrumentation tools for massive MIMO, mmWave, channel sounding, and waveform development. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Oscilloscopes
  • Signal analyzers
  • Signal generators
  • Network analyzers
  • Others
• End-user
  • Telecom equipment manufacturers
  • Original device manufacturers
  • Telecom service providers
• Revenue
  • New
  • Rental
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
  • APAC
    • China
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for improved network capacity to access connected services
• Rising telecom subscriber base and rapid growth of urban population
• Growing R and D and deployment of 5G network

However, the market also witnesses some limitations, which are as follows:

• High deployment cost of 5G test equipment
• Issues related to deployment of 5G technology
• Retrofitting legacy equipment

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Market Scope in 5G Testing Equipment Market Research Report

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Research Analysis Overview

The 5G testing equipment market encompasses solutions for implementing, monitoring, and optimizing 5G infrastructure. This includes automation tools for performance analysis, reliability testing, safety, and integrity assessments during the planning stages. Security testing, management, and virtualization are also crucial elements, along with IoT device security and capacity planning. Deployment, performance benchmarking, and latency measurement are key aspects of 5G testing, as well as design, troubleshooting, and automated test systems. Additionally, 5G testing covers wireless security, data center connectivity, high-speed data transmission, signal integrity analysis, device certification, mmWave testing, wireless monitoring, RF design software, RF testing equipment, channel emulation, simulation tools, connected car technology, smart city infrastructure, IoT device testing, and wireless communication solutions. The market also focuses on simulation and speed enhancement for 5G networks.

Market Research Overview

The 5G testing equipment market is a significant segment of the global communications equipment market, which encompasses the manufacture and sale of communication equipment, broadcasting equipment, and telecommunication equipment. Technavio's market analysis includes software-defined testing solutions, vector signal generators, and other equipment essential for validating 5G network performance and interoperability. This market size is determined by the revenue generated from these sales, as well as investments made by service providers to enhance their infrastructure. The communications equipment market also covers enterprise networking products, such as LANs, WANs, routers, telephones, switchboards, and exchanges. However, it excludes revenue from cellular phone manufacturers, which fall under the Technology Hardware, Storage, and peripherals sub-industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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