How Has the 5G Testing Equipment Market Evolved Historically and What is its Current Size?
The 5g testing equipment market has seen considerable growth due to a variety of factors.
• In recent times, the 5G testing equipment market has experienced swift growth. It is projected to increase from $2.48 billion in 2024 to $2.73 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%.
The historical growth of this market can be linked to the rising demand for bandwidth, advent of the Internet of Things (IoT) and connected devices, global efforts towards standardization, swift development of 5G infrastructure, as well as increasing demand for high quality of service (QoS) and optimal user experience (QoE).
What Does Future Hold for The 5G Testing Equipment Market Size?
The 5g testing equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market for 5G testing equipment is projected to witness robust growth in the forthcoming years, expanding to a valuation of $3.76 billion by 2029, with a CAGR of 8.4%.
This predicted rise during the forecast period is partly due to the spread of the 5G network, growing usage of 5G devices, emergence of various vertical sectors, the shift towards standalone (SA) 5G networks, and the initiation of private 5G network deployment. Key trends envisaged for the forecast duration include AI and machine learning integration, the growth of millimeter wave testing, emphasis on network slicing testing, emergence of cloud-native testing solutions, and improved security testing processes.
What Are The Primary Growth Drivers In The 5G Testing Equipment Market?
The anticipated rise in the count of driverless vehicles is predicted to foster the expansion of the 5G testing equipment market in future years. A driverless vehicle, also known as an autonomous automobile or self-guided car, is one that operates without human intervention, recognizes its environment, and performs essential tasks independently. The booming numbers of autonomous automobiles can be attributed to advanced technological improvements, market demand for more secure and efficient transport, and regulatory actions advocating for autonomous vehicle implementation. The use of 5G testing gear in autonomous vehicles ensures reliable and swift connections for real-time data exchange, which enhances vehicle communication, navigation, and safety features. For example, a report released by the US-based non-profit organization, the Insurance Institute for Highway Safety, in December 2022 expects there will be 3.5 million driverless cars on the roads of America by 2025, which is forecasted to rise to 4.5 million by 2030. Consequently, the burgeoning numbers of autonomous vehicles act as a catalyst for the growth of the 5G testing equipment market.
What Is The Segmentation Of The Global 5G Testing Equipment Market?
The 5G testing equipment market covered in this report is segmented –
1) By Equipment Type: Oscilloscopes, Signal Generators, Spectrum Analyzers, Network Analyzers, Other Equipment Types
2) By Revenue Source: New, Rental
3) By Application: Lab Testing, Performance Testing, Wireless And RF Testing
4) By End-User: Telecom Equipment Manufacturers, Original Device Manufacturers (ODMs), Telecom Service Providers, Other End-Users
Subsegments:
1) By Oscilloscopes: Digital Oscilloscopes, Mixed Signal Oscilloscopes
2) By Signal Generators: Vector Signal Generators, Arbitrary Waveform Generators
3) By Spectrum Analyzers: Handheld Spectrum Analyzers, Benchtop Spectrum Analyzers
4) By Network Analyzers: Vector Network Analyzers (VNA), Scalar Network Analyzers
5) By Other Equipment Types: Power Meters, Channel Emulators, Protocol Analyzers
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What Emerging Trends Are Shaping The 5G Testing Equipment Market Landscape?
Major corporations in the 5G testing equipment market are concentrating on the production of highly technological solutions like wireless test platforms to enhance their market position. This system scrutinizes wireless technologies like 5G to ensure high-quality network performance, signal robustness, and compatibility with devices like autonomous vehicles. For example, Keysight Technologies Inc., an American firm that designs and manufactures electronic testing and measurement equipment and software, unveiled the E7515R solution in February 2023. It is part of the company's 5G network emulation solutions platform, which is a simplified network emulator developed specifically for the evaluation of protocol, radio frequency (RF), and functionality of all types of cellular IoT technology. The E7515R complements Keysight’s leading-edge 5G Network Emulation Solutions portfolio, which is utilized in the validation of mobile devices throughout all stages, from initial design to approval and deployment. The Keysight E7515R meets the need for a network emulation test platform tailored to 5G RedCap and interoperable with all CIoT technologies. The solution offers simplified elements for RedCap without the excess features needed for testing a comprehensive 5G device.
Who Are the Key Players In The 5G Testing Equipment Market?
Major companies operating in the 5G testing equipment market are:
• AT&T Inc.
• Tektronix
• Keysight Technologies Inc.
• Intertek Group plc
• Molex LLC
• Rohde & Schwarz
• VIAVI Solutions Inc.
• Trex Enterprises Corporation
• MACOM Technology Solutions
• Spirent Communications plc
• LitePoint
• EXFO Inc.
• Inseego Corp.
• Microlease PLC
• SIGLENT Technologies
• ETS Lindgren Ltd.
• Prisma Telecom Testing
• Azimuth Systems
• TMY Technology Inc.
• Anritsu Corporation
• PCTEST Engineering Laboratory In
• Calnex Solutions Ltd.
• Amarisoft
• RADX Technologies
• Boonton Electronics
• ThinkRF Corp.
• Fibocom Wireless Inc.
What Are The Regional Insights Into The 5G Testing Equipment Market?
North America was the largest region in the 5G testing equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5G testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
