5G Testing Equipment
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What Is the Expected CAGR for the 5G Testing Equipment Market Through 2025?
The market for 5G testing equipment has experienced substantial expansion in recent times, with projections indicating that it will rise from $2.48 billion in 2024 to $2.73 billion in 2025, representing a compound annual growth rate (CAGR) of 10.2%. Several factors have contributed to this growth during the previous period, including the escalating demand for bandwidth, the introduction of IoT and networked devices, worldwide standardization initiatives, swift implementation of the 5G framework, and calls for service (QoS) and experience (QoE) quality.
What’s the Projected Size of the Global 5G Testing Equipment Market by 2029?
Anticipations are high for a robust expansion in the 5G testing equipment market in the ensuing years, with projections pointing towards a growth to $3.76 billion by the year 2029. This is predicted at a Compound Annual Growth Rate (CAGR) of 8.4%. Factors instrumental in this predicted surge during the forecast period include the broadening of 5G networks, increasing usage of 5G devices, the emergence of diverse industries, transition to discrete 5G networks and the implementation of private 5G networks. The forecast period also envisages major trends such as integration of artificial intelligence (AI) and machine learning, the broadening of millimeter wave testing, concentration on network slicing testing, and the emergence of cloud-native testing solutions, along with augmented security testing capabilities.
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Top Growth Drivers in the 5G Testing Equipment Industry: What’s Accelerating the Market?
The surge in the number of self-driving cars is likely to fuel the expansion of the 5G testing equipment market in the forthcoming years. These driverless vehicles, able to operate and perform important functions without any human input, are becoming more common due to technological developments, a market push for safer and more effective transport, and policies that encourage the introduction of autonomous vehicles. The usage of 5G testing equipment in these autonomous vehicles provides reliable and instant connection for live data transmission, enhancing vehicular communication, navigation, and safety. For instance, the Insurance Institute for Highway Safety, a US-based non-profit organization, projected in December 2022 that by 2025, 3.5 million self-driving cars will be present on American roads and this figure is expected to rise to 4.5 million by 2030. Hence, the rising number of self-driving cars propels the growth of the 5G testing equipment market.
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What Trends Will Shape the 5G Testing Equipment Market Through 2029 and Beyond?
Leading corporations involved in the 5G testing equipment industry are concentrating on manufacturing technologically progressive solutions such as wireless test platforms, to consolidate their market standing. These systems scrutinize technologies like 5G to verify network efficacy, signal power, and compatibility with devices, including autonomous vehicles. For instance, in February 2023, Keysight Technologies Inc., a US firm that produces electronic test and measurement equipment and software, introduced the E7515R solution. This solution is derived from the company’s 5G network emulation solutions platform, a streamlined network emulator designed specifically for protocol, radio frequency (RF), and functional appraisal of all cellular Internet of Things (IoT) technologies. The E7515R augments Keysight’s preeminent 5G Network Emulation Solutions portfolio, used in mobile device validation from preliminary design to acceptance and deployment phases. The Keysight E7515R meets the need for a network emulation test platform fashioned exclusively for 5G RedCap and compatible with all CIoT technologies. It offers simplified features for RedCap without unnecessary features needed for testing a full-spec 5G gadget.
What Are the Main Segments in the 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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Which Top Companies are Driving Growth 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.
Which Regions Will Dominate the 5G Testing Equipment Market Through 2029?
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.
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