5G Testing Equipment Market

Global 5G Testing Equipment Market Size (2024 to 2032)

The 5G testing equipment market was valued at USD 2.48 billion in 2023. The global market is predicted to reach USD 2.70 billion in 2024 and USD 5.32 billion by 2032, growing at a CAGR of 8.85% during the forecast period. 

Continuous checks are carried out in order to minimize or remove network operation deficiencies, and a 5G monitoring unit is used to assess certain network issues in order to create a stable and trustworthy 5G network. 5G research equipment suppliers focus on new technologies before the commercial 5G rollout begins. Over the forecast period, the 5G testing equipment market is expected to be driven by continuous research and development activities for producing 5G testing devices that are industry compliant and more application-focused. If the number of 5G connections increases in every direction, the market share of 5G testing equipment also increases simultaneously. Continuous 5G system test equipment is needed to ensure that network deficiencies are minimized or completely removed. Before the worldwide commercial rollout of 5G networks is completed, manufacturers of 5G device test equipment are focusing on new technologies.

MARKET DRIVERS

One of the primary factors projected to drive demand for 5G research equipment is the introduction of a hyper-connected planet.

The growing use of connected devices in emerging economies like India, China, and others is the network data traffic, necessitating the establishment of a stable and productive network. As a result of the growing need to monitor data flow, 5G technology is expected to see a surge in demand, boosting demand for 5G testing equipment. The 5G testing equipment market will rise as more devices, such as wearables, mobile vehicles, smartphones, and other consumer electronics devices, such as smart home devices, become connected. Because of the high speed of 5G and the availability of wired and wireless infrastructure, this factor is likely to be noticed. Because of the above reasons, 5G is projected to have a high degree of adoption, which is pushing up demand for 5G testing equipment.

MARKET RESTRAINTS

One of the main problems impacting the introduction of 5G testing equipment includes the overall cost of using it to develop a 5G network and concerns emerging from various carriers. As a result, the introduction of 5G research equipment is hampered, and these are slowly restricting the shares of the 5G testing equipment market.

Impact of COVID-19 on the Global 5G Testing Equipment Market

Because of the growing need for decent network access, the COVID-19 pandemic has exploded the load on networks. In this time of crisis, industries like healthcare and BFSI (banking, financial services, and insurance) needed high-bandwidth connections to keep their operations running smoothly. With the speed and performance capabilities of 5G, smart home synchronized watches, tablets, and fitness apps are gaining momentum and are projected to expand. COVID-19 had a negative effect on the development of smartphones. Several mobile manufacturers were expected to release 5G smartphones for the general public, which may have prompted an ambitious rollout of base stations around the globe. In India, for instance, the Department of Telecommunications (DoT) has agreed to delay the 5G spectrum auction until next year. The Brazilian telecoms regulator Anatel conducted a public consultation on the guidelines for the 5G spectrum auction on February 17, 2020, which was expected to take place in March but was postponed due to COVID-19. However, the 5G testing equipment market shares to gain profits by the end of 2021.

REPORT COVERAGE

REGIONAL ANALYSIS

The North American 5G testing equipment market for 5G testing equipment is one of the most important since this area has a large number of network service provider providers, such as AT&T, who are early adopters of 5G testing equipment. In this area, research and development are constantly carried out using 5G testing equipment to incorporate 5G in healthcare apps and smartphones in order to increase network capacity. In terms of demand for 5G technologies and, therefore, 5G trial facilities, Europe is projected to follow North America. Increased 5G trial initiatives in Europe, such as Vodafone's proposal to launch 1,000 5G testing sites in the UK in 2019, are fueling demand for the 5G testing equipment market in Europe. The demand for the 5G testing equipment market is growing as a result of the increased testing activities. The rapid penetration of IoT and connected devices in the APEJ area is projected to push a substantial CAGR growth rate, necessitating the use of 5G testing equipment to create a 5G network. Since the vehicle makers in this area are focused on wired vehicles, Japan is one of the early adopters of 5G research equipment. For e.g., using a 5G network, NTT DOCOMO and Mitsubishi Electric Corporation were able to reach download speeds of 25 to 27 Gbps in vehicles. 

KEY PLAYERS IN THE GLOBAL 5G TESTING EQUIPMENT MARKET

Anritsu, MACOM Technology Solutions Holdings Inc., Rohde & Schwarz GmbH & Co. KG, Siklu Communication Ltd., Artiza Networks Inc., EXFO Inc., Fortive Corp., Intertek Group Plc, Keysight Technologies Inc., Teradyne Inc., Trex Enterprises Corporation, VIAVI Solutions Inc., and others.

RECENT HAPPENINGS IN THE GLOBAL 5G TESTING EQUIPMENT MARKET

• New Rohde & Schwarz testing equipment has been designed specifically for 5G applications in development, QM acceptance testing, and production. Innovative test and measurement methods are needed to test 5G NR. More processing power and RF hardware are needed for massive MIMO (mMIMO), improved bandwidths and data rates, and the introduction of mmWave frequencies. They often need OTA (over-the-air) testing. 
• APITech's recent developments in verifying and testing 5G and Wi-Fi networks, devices, and services, including Wi-Fi 6E. This company introduces new equipment: multichannel programmable attenuator systems, 8401 Series 4x4 Butler Matrix.

DETAILED SEGMENTATION OF THE GLOBAL 5G TESTING EQUIPMENT MARKET INCLUDED IN THIS REPORT

This research report on the global 5G testing equipment market has been segmented and sub-segmented based on the application, type, and region. 

By Application

• Government and Utilities
• Healthcare Sector
• Commercial
• Residential
• Industrial
• Defence and Military
• Other

By Type

• Oscilloscopes
• Signal Generators
• Signal Analyzers
• Network Analyzers
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa