5G Testing Equipment Market Overview
As per MRFR analysis, the 5G Testing Equipment Market Size was estimated at 3.25 (USD Billion) in 2022. The 5G Testing Equipment Market Industry is expected to grow from 3.55 (USD Billion) in 2023 to 7.8 (USD Billion) by 2032. The 5G Testing Equipment Market CAGR (growth rate) is expected to be around 9.15% during the forecast period (2024 - 2032).
Key 5G Testing Equipment Market Trends Highlighted
To make it possible to test the performance and quality of 5G networks, this equipment is pivotal. The market is influenced by several key drivers, such as the rise in the adoption of 5G, strict regulatory requirements, and technological progressions. In addition, the emerging opportunities are visible in 5G’s increasing adoption across different industries and applications like autonomous vehicles, smart cities, industrial IoTs etc. Further, there are developments taking place in test automation as well as the integration of AI and machine learning to improve efficiency and accuracy during testing. Until now, developments have pointed towards software-defined testing solutions that offer flexibility and scalability; plus, we have seen the emergence of virtual and cloud-based testing platforms enabling remote, cost-effective testing. These trends are shaping the market landscape, thereby driving demand for 5G testing equipment.
Figure 1: 5G Testing Equipment Market Size, 2023-2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
5G Testing Equipment Market Drivers
-
Rising Demand for 5G Technology
One of the substantial growth drivers of the Global 5G Testing Equipment Market Industry is the increasing adoption of 5G technology. 5G provides significantly higher speeds, lower latency, and more significant capacity than any prior version of wireless technology. Thus, 5G finds wide application in mobile broadband, the IoT, and as a communication system for autonomous vehicles. As the demand for 5G services rises in the future, so will the demand for testing equipment for control and monitoring these services.
The growth of the Global 5G Testing Equipment Market Industry will continue over the next few years while the implementation of 5G networks, both domestically and internationally, will unfold.
- Government Regulations and Standards
Several policies and standards for 5G technology have been implemented by governments all around the world to ensure that 5G devices and systems are safe and capable of functioning properly. However, many of them require the testing of 5G devices or networks to ensure that they meet the necessary performance requirements. As a result, there is a significant opportunity for companies that can provide testing equipment, as they can help other companies to comply with the regulations.
- Advancements in Testing Technologies
The Global 5G Testing Equipment Market Industry is also growing as a result of the development of testing technologies. These improvements allow for more efficient and accurate testing of 5G devices and networks. For instance, the creation of new over-the-air (OTA) test methods enables the test on 5G devices to be done closer to actual conditions, hence raising confidence than laboratory-derived outcomes.
5G Testing Equipment Market Segment Insights
5G Testing Equipment Market Equipment Type Insights
The market segmentation includes Equipment Type, which comprises RF Test Equipment, Protocol Test Equipment, Network Simulators, Antenna Measurement Equipment, and Software Test Tools. RF Test Equipment held the largest revenue share in the Global 5G Testing Equipment Market in 2023, owing to its crucial role in evaluating the performance of 5G devices and ensuring compliance with standards. The increasing deployment of 5G networks and growing demand for high-speed connectivity drive the growth of this segment. Protocol Test Equipment is another significant segment expected to grow at a considerable CAGR during 2023-2032.
As 5G technology evolves, the need for validating and verifying the interoperability of 5G devices becomes essential, contributing to the growth of this segment. Network Simulators are vital for simulating real-world network conditions and testing the performance of 5G devices. The increasing complexity of 5G networks and the necessity to ensure seamless connectivity fuel the demand for network simulators. Antenna Measurement Equipment plays a crucial role in characterizing the performance of 5G antennas, which are critical for efficient signal transmission and reception.
The growing deployment of 5G base stations and the increasing use of massive MIMO technology drive the growth of this segment. Software Test Tools provide comprehensive solutions for testing the functionality and performance of 5G software components. The growing adoption of software-defined networks and the increasing complexity of 5G software stacks drive the demand for software test tools. Overall, the Equipment Type segment in the Global 5G Testing Equipment Market offers a wide range of solutions to address the diverse testing needs of 5G networks and devices. The increasing adoption of 5G technology, stringent regulatory requirements, and the growing focus on ensuring network performance and reliability contribute to the growth of this market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
5G Testing Equipment Market Application Insights
The Global 5G Testing Equipment Market is segmented on the basis of Application into Base Station Testing, Device Testing, Network Performance Monitoring, Interference Analysis, and Security Testing. The device Testing segment is expected to be the largest market share in the coming years. The demand for 5G enabled devices like smartphones, tablets, laptops and so on. Adoption of 5G technology in various industries, including Automotive, HealthCare, Oil and Gas and manufacturing, is driving the demand for 5G enabled devices, leading to the growth of this segment.
The Network Performance Monitoring segment is expected to be the second-largest market share in the coming years. To assure the quality and performance of 5G networks, operators need to develop advanced technologies for monitoring 5G signaling and data traffic. The adoption of network automation and artificial intelligence ( AI ) in the management of 5G networks will be the major factors responsible for the growth of this segment.
5G Testing Equipment Market Deployment Model Insights
The Global 5G Testing Equipment Market is segmented into deployment models such as on-premises and cloud-based. The on-premises segment held the largest market share in 2023, and it is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing adoption of 5G networks by enterprises and the need for dedicated testing equipment to ensure network performance and reliability. Cloud-based deployment is expected to witness a significant growth rate during the forecast period. The growing adoption of cloud-based services and the increasing demand for flexible and cost-effective testing solutions are driving the growth of this segment. Additionally, the emergence of new cloud-native 5G testing solutions is further fueling the growth of the cloud-based deployment model.
5G Testing Equipment Market Industry Vertical Insights
The Industry Vertical segment of the Global 5G Testing Equipment Market is expected to grow significantly in the coming years, driven by the increasing adoption of 5G technology across various industries. The telecommunications industry is expected to be the largest contributor to the market growth, as 5G networks are being deployed to meet the growing demand for high-speed data connectivity. The manufacturing industry is also expected to witness significant growth, as 5G enables automation and remote monitoring of industrial processes. The healthcare industry is another key vertical, as 5G enables remote patient monitoring and telemedicine services.
The transportation industry is expected to benefit from 5G technology for connected and autonomous vehicles. The energy industry is also expected to witness growth, as 5G enables smart grid applications and remote monitoring of energy assets. The Global 5G Testing Equipment Market for Industry Vertical is expected to reach $2.5 billion by 2024, growing at a CAGR of 10.5%.
5G Testing Equipment Market Regional Insights
The Global 5G Testing Equipment Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the presence of major telecommunications companies and the early adoption of 5G technology. Europe is expected to be the second-largest market, followed by APAC. The APAC region is expected to witness significant growth in the coming years due to the increasing demand for 5G services in countries such as China and India. South America and MEA are expected to be the smallest markets for 5G testing equipment, but they are expected to grow at a steady pace in the coming years. The Global 5G Testing Equipment Market is expected to reach a value of USD 7.8 billion by 2032, growing at a CAGR of 9.15% from 2023 to 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
5G Testing Equipment Market Key Players And Competitive Insights
5G Testing Equipment Market players are increasingly focusing on new and innovative solutions due to the 5G testing demand continually growing. The leading players in the 5G Testing Equipment Market are currently investing substantial amounts in research and development, thereby enhancing their product portfolios while increasing their market presence. The 5G Testing Equipment Market competitive industry situation ensures that the market players adopt various strategies to stay relevant in the market. Such strategies include mergers and acquisitions, partnerships, and strategic alliances, among others.
The increased adoption of 5G in various industries will drive the 5G Testing Equipment Market. Keysight Technologies is a top player and provides a significant number of 5G testing tools and solutions in the market. The tools and solutions that Keysight Technologies provides are test instruments, such as spectrum analyzers, signal generators, and network analyzers. Furthermore, Keysight Technologies also offers software and services. The company’s continued effort is to ensure 5G customers accelerate their 5G development and deployment.
Rohde Schwarz is another top player, and it provides a wide range of 5G equipment. The 5G testing solutions include testing platforms, signal generators, and analyzers. Additionally, the company also offers software and other services. The focus of the company is purely to ensure high-quality solutions are provided to meet the customers’ needs.
Key Companies in the 5G Testing Equipment Market Include
5G Testing Equipment Market Industry Developments
The 5G testing equipment market is witnessing significant growth driven by the increasing demand for 5G technology. Key developments include:
- In 2023, Anritsu launched a new 5G NR field tester to address the growing need for accurate and reliable testing of 5G networks.
- Keysight Technologies introduced a 5G network emulation solution to enable comprehensive testing of 5G devices and infrastructure.
- Rohde Schwarz expanded its portfolio with a 5G mobile network testing platform to cater to the evolving requirements of 5G network deployments.
- Government initiatives and investments are driving the adoption of 5G testing equipment, with countries like China and the US allocating significant funds for 5G infrastructure development.
- The market is expected to continue its growth trajectory, with a projected CAGR of 9.15% from 2024 to 2032.
5G Testing Equipment Market Segmentation Insights
-
5G Testing Equipment Market Equipment Type Outlook
-
5G Testing Equipment Market Application Outlook
-
5G Testing Equipment Market Deployment Model Outlook
-
5G Testing Equipment Market Industry Vertical Outlook
-
Telecommunications
-
Manufacturing
-
Healthcare
-
Transportation
-
Energy
-
5G Testing Equipment Market Regional Outlook
-
North America
-
Europe
-
South America
-
Asia Pacific
-
Middle East and Africa
|
Report Attribute/Metric
|
Details
|
|
Market Size 2022
|
3.25 (USD Billion)
|
|
Market Size 2023
|
3.55 (USD Billion)
|
|
Market Size 2032
|
7.8 (USD Billion)
|
|
Compound Annual Growth Rate (CAGR)
|
9.15% (2024 - 2032)
|
|
Report Coverage
|
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
|
Base Year
|
2023
|
|
Market Forecast Period
|
2024 - 2032
|
|
Historical Data
|
2019 - 2023
|
|
Market Forecast Units
|
USD Billion
|
|
Key Companies Profiled
|
Element Materials Technology, SGS, Signal Hound, Viavi Solutions, Pasternack, Qorvo, Intertek Group, Spirent Communications, Rohde Schwarz, Anritsu, Keysight Technologies, EXFO, Bureau Veritas
|
|
Segments Covered
|
Equipment Type, Application, Deployment Model, Industry Vertical, Regional
|
|
Key Market Opportunities
|
Rising 5G network deploymentsGrowing need for enhanced testing capabilitiesIncreasing adoption of IoT devicesAdvancements in network-slicing technologyGovernment initiatives to support 5G infrastructure development
|
|
Key Market Dynamics
|
Key Market Dynamics1 Growing demand for higher bandwidth and low latency applications2 Increasing investment in 5G infrastructure development3 Government initiatives to promote 5G adoption4 Advancements in 5G testing technologies5 Rise of cloud-based testing solutions
|
|
Countries Covered
|
North America, Europe, APAC, South America, MEA
|
Frequently Asked Questions (FAQ) :
The Global 5G Testing Equipment Market size was valued at USD 3.55 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 9.15% from 2024 to 2032, reaching USD 7.8 billion by 2032.
The growth of the Global 5G Testing Equipment Market is primarily driven by the increasing adoption of 5G technology, the need for efficient and reliable testing solutions, and the growing demand for high-speed and low-latency connectivity.
North America is expected to hold the largest market share in the Global 5G Testing Equipment Market due to the early adoption of 5G technology and the presence of key market players in the region.
Key competitors in the Global 5G Testing Equipment Market include Anritsu, Keysight Technologies, Rohde Schwarz, VIAVI Solutions, and Spirent Communications.
Major applications of 5G Testing Equipment include network performance testing, device testing, and protocol conformance testing.
Challenges faced by the Global 5G Testing Equipment Market include the high cost of testing equipment, the complexity of 5G technology, and the need for skilled professionals to operate testing equipment.
Trends expected to shape the future of the Global 5G Testing Equipment Market include the increasing adoption of cloud-based testing solutions, the use of artificial intelligence (AI) and machine learning (ML) for testing, and the development of new testing methodologies for 5G networks.
The Global 5G Testing Equipment Market is expected to grow at a CAGR of 9.15% from 2024 to 2032.
The forecast period for the Global 5G Testing Equipment Market is from 2024 to 2032.
Sources used to gather information for this market requirement document include market research reports, industry publications, company websites, and expert interviews.
