During the period 2023 - 2028, the global 5g testing equipment market is projected to expand by USD 263.66 million. 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. Suppliers of 5G research equipment are focusing on new technologies before the commercial 5G rollout begins. Over the forecast period (2023 - 2028), 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.
Market Growth
The 5G Testing Equipment Market was worth USD 1,776.4 million in 2019 and is projected to rise at an annual rate of 8.85 percent over the next five years and to increase more percent growth in upcoming years.
If the number of 5G connections increases in every direction, so does the 5G testing equipment market shares also increases simultaneously. Continuous 5G system test equipment is needed to ensure that network deficiency are minimized or completely removed. Before the worldwide commercial rollout of 5G networks is completed, 5G device test equipment manufacturers are focusing on new technologies.
Moreover, it has been estimated that APAC will contribute to 31% of the growth of the 5G testing equipment market; the year over year growth rate is estimated at 4.50%.
Recent Developments
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.
Restraints
Any of the main problems impacting the introduction of 5G testing equipment include the overall cost of using 5G testing equipment for the development of a 5G network, as well as concerns emerging from various carriers. As a result of these reasons, the introduction of 5G research equipment is hampered, and these are slowly restricting the shares of the 5G testing equipment market.
Market Segment Analysis
5G Testing Equipment Market – By Application
5G Testing Equipment Market - By Type
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 5G testing equipment market in Europe. The demand for 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 was able to reach download speeds of 25 to 27 Gbps in vehicles.
Key Players:
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, and VIAVI Solutions Inc.
Impact on COVID-19:
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.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: sales@marketdataforecast.com
Reports By Region