Global 5G Testing Equipment Market Report and Forecast 2024-2032

Global 5G Testing Equipment Market Outlook

The global 5G testing equipment market reached a value of about USD 2.38 billion in 2023. The market is further expected to grow at a CAGR of 8.9% in the forecast period of 2024-2032 to reach a value of approximately USD 5.12 billion by 2032.

Increasing Demand for Hyper Connectivity to Augment the Global 5G Testing Equipment Industry Growth

One of the major factors driving the requirement for testing equipment is hyper connectivity. In developing economies, such as China and India, the growing use of smartphones and other devices continues to create data traffic in a network. As a result, the need for a more efficient and secure network is reinforced. Thus, the increased demand for data traffic control is expected to propel 5G technology forward, resulting in the growth of the 5G testing equipment industry.

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Furthermore, connectivity requirements in smartphones, connected cars, smart home devices, and other consumer electronic products are expected to drive the market growth. The availability of wireless and wired technologies and the deployment of 5G are potential elements for making the connectivity process easier, thus, driving the demand for 5G testing equipment.

The Asia Pacific to Provide Enhanced Growth Opportunities to the Global 5G Testing Equipment Industry

In North America, the market growth is likely to be aided by the increased deployment of advanced technology and the presence of well-built network infrastructure in the region. Meanwhile, the expanding telecom sector is predicted to aid in the moderate market growth in the Middle East and Africa and Latin America in the coming years.

Over the forecast period, the market in the Asia Pacific is expected to grow significantly. The deployment of 5G network infrastructure for media and entertainment, transportation and logistics, healthcare, and manufacturing, among other industry verticals, is projected to be a priority for major market players in China, Japan, and South Korea.  Furthermore, the quickly increasing demand for smartphones, combined with faster internet connections, has resulted in a flurry of 5G-enabled smartphone production across the region. These factors are contributing to the demand for 5G testing equipment in the region.

Global 5G Testing Equipment: Market Segmentation

5G testing equipment are one of the advanced solutions, which include devices and equipment, to test the capability of 5G systems. There has been an expansion in the field of network connectivity right from 2G, 3G to 4G and the latest version of 5G, and updated network technology. 5G is the most recent period in a long line of cellular technologies, operating in extremely wide radio frequency bands and allowing for a unique usage of frameworks beyond current mobile broadband. 5G testing involves more than verifying the download speed, expansive coverage density, and super low latency to achieve operational excellence in this emerging field.

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By source, the market is divided into:

• New
• Rental

Based on equipment, the industry can be segmented into:

• Oscilloscopes
• Vector Signal Generators
• Signal Analysers
• Spectrum Analysers
• Network Analysers
• Others

On the basis of end use, the industry can be divided into:

• Telecom Equipment Manufacturers
• Original Device Manufacturers (ODMs) 
• Telecom Service Providers
• Others

The market is divided based on application into:

• Network Construction
• Network Maintenance 
• Network Optimisation
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Increasing Deployment of 5G Network to Bolster the Growth of the Global 5G Testing Equipment Industry

The demand for 5G testing equipment for validation has surged as a result of expansion in 5G connectivity globally. It is necessary to conduct 5G tests continually with 5G device test tools so that scarcity in network operations is minimal or entirely removed and a safe and trusted 5G network is created. To create industry adaptable and application specific 5G testing equipment, constant research and development activities are taking place, which has accelerated the market growth. This is supported by a growing telecom subscriber base. Furthermore, the deployment of 5G and the growing acceptance of software-defined testing are two more significant aspects that are expected to propel the 5G testing equipment market forward.

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Furthermore, one of the primary causes that is expected to increase the adoption of 5G testing equipment is the advent of a hyper-connected world. As the need for linked equipment grows in countries such as the United States, the market is expected to receive a further boost. On the contrary, key restraints of the market are the associated cost and technical issues due to multiple carrier involvement.

Key Industry Players in the Global 5G Testing Equipment Market

The report gives a detailed analysis of the following key players in the global 5G testing equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Rohde & Schwarz GmbH & Co. KG 
• Anritsu Corporation
• MACOM Technology Solutions Holdings Inc 
• Artiza Networks, Inc. 
• Teradyne, Inc.  
• VIAVI Solutions Inc. 
• Keysight Technologies Inc. 
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report