The new report by Expert Market Research titled, ‘Global 5G Testing Equipment Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global 5G testing equipment market, assessing the market based on its segments like source, equipment, end use, application, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 8.84%
Hyper connection is one of the primary factors driving the demand for testing equipment. The increased use of smartphones and other devices in developing economies such as China and India continue to generate data traffic on a network. As a result, the need for a more efficient and secure network has become even more important. As a result of the rising demand for data traffic control, 5G technology is predicted to advance, leading in the growth of the 5G testing equipment sector.
Furthermore, the market is predicted to rise due to connectivity requirements in smartphones, connected cars, smart home devices, and other consumer electronic items. The availability of wireless and wired technologies, as well as the implementation of 5G, are all possible aspects for making the connectivity process easier, resulting in a surge in demand for 5G testing equipment.
Industry Definition and Major Segments
5G testing equipment is one of the advanced options for testing the capability of 5G systems, which includes devices and equipment. There has been an increase in network connectivity, ranging from 2G to 3G to 4G and the most recent form of 5G, as well as upgraded network technology. 5G is the latest in a long line of cellular technologies that operate in incredibly wide radio frequency bands and allow for novel framework utilisation beyond present mobile broadband. To attain operational excellence in this burgeoning industry, 5G testing entails more than just confirming download speed, wide coverage density, and ultra-low latency.
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Based on source, the market is segmented into:
- New
- Rental
On the basis of equipment, the industry can be divided into:
- Oscilloscopes
- Vector Signal Generators
- Signal Analysers
- Spectrum Analysers
- Network Analysers
- Others
Based on end use, the industry can be segmented into:
- Telecom Equipment Manufacturers
- Original Device Manufacturers (ODMs)
- Telecom Service Providers
- Others
Based on application, the market is segmented into:
- Network Construction
- Network Maintenance
- Network Optimisation
- Others
On the Basis of region, the market can be divided into:
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
The rising deployment of modern technologies and the presence of well-built network infrastructure in North America are projected to boost market expansion. Meanwhile, in the future years, the developing telecom industry is expected to contribute to moderate market expansion in the Middle East and Africa, as well as Latin America.
The implementation of 5G network infrastructure for media and entertainment, transportation and logistics, healthcare, and manufacturing, among other industry verticals, is projected to be prioritised by major market players in China, Japan, and South Korea. Furthermore, in response to the quickly growing demand for handsets with faster internet connections, a flurry of 5G-enabled smartphone manufacturers has sprung up around the region. These factors are driving the need for 5G testing equipment in the region.
Key Market Players
The major players in the market are Rohde & Schwarz GmbH & Co Kg, Anritsu Corporation, Macom Technology Solutions Holdings Inc, Artiza Networks Inc., Teradyne Inc., Viavi Solutions Inc., Keysight Technologies Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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