What Has Been the Growth of the 5G Device Testing Market So Far?
The 5g device testing market has seen considerable growth due to a variety of factors.
• The market size for 5G device testing has seen significant growth in the recent past. The market is projected to expand from a valuation of $1.63 billion in 2024 to approximately $1.77 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.9%.
This surge in growth during the historic period can be accredited to factors like increasing consumer demand, network capacity, quality assurance, and network optimization.
What Is the Forecasted Market Size and Growth Rate for The 5G Device Testing Market?
The 5g device testing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for 5G device testing is projected to experience robust expansion in the coming years, escalating to $2.57 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 9.8%.
This anticipated growth within the forecast period can be linked to the proliferation of internet of things (IoT), network slicing, global expansion, and the extensive acceptance of 5G. Key trends that are expected to shape the market in the future involve tailored testing solutions, cybersecurity testing, sophisticated test automation, and the integration of AI in testing.
What Factors Are Driving Growth In The 5G Device Testing Market?
The proliferation of IoT (Internet of Things) and interconnected devices is predicted to fuel the 5G device testing market's expansion. IoT and interconnected devices constitute a network of tangible objects furnished with sensors, software and other technological features that enable data exchange over the internet. These devices collect, share information, execute functions based on the data and interact with each other and with core systems. To simulate real-life situations, gather data, verify the operation and performance of 5G-compatible devices, and enhance the reliability and market adoption of IoT gadgets, 5G device testing often depends on IoT and connected devices. For example, the World Economic Forum, a not-for-profit entity based in Switzerland, anticipates that the overall count of IoT interconnected gadgets will reach 30 billion by 2025. Therefore, the growing utilization of IoT and connected devices is becoming a major driver for the 5G device testing market. Rising penetration of smartphones is expected to fuel the 5G device testing market's growth. Smartphone penetration is a measure of the proportion of a given population or market that owns and uses smartphones. Smartphones are crucial for testing real-life performance of 5G networks and devices, verifying their reliability, speed, and operation, and ensuring a smooth and superior user experience. For instance, Uswitch Limited, a financial conduct authority based in the UK, reported in February 2023 that from 2022, there were 71.8 million mobile connections in the UK, showing an increase of about 2.6 million or 3.8% since 2021. The country's population is projected to reach 68.3 million by 2025, with around 65 million or 95% of the population expected to possess a smartphone. Consequently, the growing penetration of smartphones is propelling the growth of the 5G device testing market.
What Are The Main Segments Of The Global 5G Device Testing Market?
The 5G device testing market covered in this report is segmented –
1) By Equipment: Oscilloscopes, Signal Generators, Spectrum Analyzers
2) By Revenue Type: New, Rental
3) By End-User: Telecom Equipment Manufacturers, Original Device Manufacturers, Telecom Service Providers, Other End Users
Subsegments:
1) By Oscilloscopes: Mixed-Signal Oscilloscopes, Digital Storage Oscilloscopes, Real-Time Oscilloscopes
2) By Signal Generators: RF Signal Generators, Vector Signal Generators, Arbitrary Waveform Generators
3) By Spectrum Analyzers: Portable Spectrum Analyzers, Benchtop Spectrum Analyzers, Real-Time Spectrum Analyzers
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What Emerging Trends Are Influencing The Growth Of The 5G Device Testing Market?
Leading corporations in the 5G device testing sector aim at introducing novel technological products like one box testers to maintain and improve their market stance. The one-box tester is an advanced test platform applied for simple device examination, blending various testing potentials into a sole box, thus accelerating and streamlining intricate test set-ups for all 5G NR implementations. For instance, in February 2022, Rohde & Schwarz USA Inc., based in Germany and functioning in the telecommunications sector, launched the R&S CMX500 one-box tester. This ground-breaking and robust 5G test platform streamlines device assessment, functioning as a single unified platform capable of evaluating all aspects of 5G devices, inclusive of RF, protocol and application layer testing. This presents a more cost-effective and efficient alternative compared to tradition methods requiring multiple testers. Additionally, the design that's future-oriented endorses high data rates and includes an easy-to-navigate web-based visual interface, thus making 5G testing straightforward and easily accessible for device manufacturers.
Who Are the Key Players In The 5G Device Testing Market?
Major companies operating in the 5G device testing market are:
• ZTE Corporation
• CommScope Holding Company Inc.
• Keysight Technologies
• Intertek Group PLC
• Teradyne Inc.
• Rohde & Schwarz GmbH & Company KG
• National Instruments Corp.
• Viavi Solutions Inc.
• Trex Enterprise Corporation
• NETGEAR Inc.
• NetScout Systems Inc.
• Tektronix Inc.
• Cohu Inc.
• Anritsu Corporation
• MACOM Technology solutions
• Spirent Communications PLC
• InfoVista
• LitePoint Corp.
• Teledyne LeCroy Inc.
• MPI Corporation
• Artiza Networks Inc.
• JDS Uniphase Corporation
• EXFO Inc.
• eMite
• Accedian
• GL Communications Inc.
• Narda Safety Test Solutions GmbH.
What Is The Most Dominant Region In The 5G Device Testing Market?
North America was the largest region in the 5G device testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in 5G device testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
