The 5g testing equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
5G Testing Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The 5G testing equipment market size has grown rapidly in recent years. It will grow from $2.25 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to increased demand for bandwidth, emergence of IoT and connected devices, global standardization efforts, rapid deployment of 5G infrastructure, demand for quality of service (QoS) and quality of experience (QoE).
The 5G testing equipment market size is expected to see strong growth in the next few years. It will grow to $3.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to 5G network expansion, increased adoption of 5G devices, emergence of vertical industries, transition to standalone (SA) 5g networks, deployment of private 5G networks. Major trends in the forecast period include integration of AI and machine learning, expansion of millimeter wave testing, focus on network slicing testing, rise of cloud-native testing solutions, enhanced security testing capabilities.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing number of autonomous automobiles is expected to propel the growth of the 5G testing equipment market in the coming years. An autonomous automobile, additionally referred to as a self-driving car or a driverless vehicle, is a vehicle that operates without human involvement, perceives its surroundings, and carries out vital activities without human intervention. The number of autonomous automobiles is increasing due to technological advancements, market demand for safer and more efficient transportation, and regulatory initiatives promoting autonomous vehicle deployment. 5G testing equipment in autonomous vehicles offers dependable and low-latency connections for real-time data transmission, resulting in improved vehicle communication, navigation, and safety features. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, it is expected that there will be 3.5 million autonomous vehicles or self-driving cars on American roads by 2025, and 4.5 million autonomous vehicles by 2030. Therefore, the increasing number of autonomous automobiles drives the 5G testing equipment market.
Market Trends –
Major companies operating in the 5G testing equipment market focus on developing technologically advanced solutions, such as wireless test platforms, to strengthen their position in the market. This system tests wireless technologies such as 5G to ensure network performance, signal strength, and interoperability with devices such as self-driving cars. For instance, in February 2023, Keysight Technologies Inc., a US-based company that manufactures electronic test and measurement equipment and software, launched the E7515R solution. This solution is built on the company’s 5G network emulation solutions platform, a simplified network emulator created exclusively for protocol, radio frequency (RF), and functional evaluation of all cellular Internet of Things (IoT) technologies. The E7515R adds to Keysight’s industry-leading 5G Network Emulation Solutions portfolio, which is utilized in mobile device validation across the process, from early design to acceptability and deployment. The Keysight E7515R addresses the demand for a network emulation test platform designed specifically for 5G RedCap and interoperable across all CIoT technologies. The solution provides simplified features for RedCap without the extra features required for testing a full-spec 5G device.
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
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Regional Insights –
North America was the largest region in the 5G testing equipment market in 2023. 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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. 5G Testing Equipment Market Report Structure
3. 5G Testing Equipment Market Trends And Strategies
4. 5G Testing Equipment Market – Macro Economic Scenario
5. 5G Testing Equipment Market Size And Growth
…..
27. 5G Testing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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