The global 5G testing equipment market size is estimated to reach USD 3.23 billion by 2027, according to the new report by Grand View Research, Inc., expanding at a CAGR of 8.8% from 2020 to 2027. Rapidly escalating demand for smartphones, along with higher internet speeds, has resulted in vigorous manufacturing of 5G-enabled smartphones across the globe, which is propelling the market growth.
Applications
of fifth generation technology continue to expand at a steady pace on account
of increasing usage of IoT and connected devices. Besides, surging
availability of large data centers makes it convenient to use 5G testing
equipment for the deployment of fifth generation technology. The
commercialization of fifth generation technology began most recently in 2019,
thereby creating an opportunity hotspot for these devices in the upcoming
years. Market penetration of fifth generation technology in specific sectors
such as automotive, entertainment, medical, construction, and security is
increasingly creating demand for 5G testing equipment. Continuously evolving
research & development of these devices to make them more
application-oriented and industry-compliant is anticipated to drive the market
over the forecast period.
Hyper-connectivity
of the world is one of the prime factors fueling the demand for 5G testing
equipment. Increasing utilization of connected devices in emerging economies,
such as China and India, continues to create data traffic in a network, thereby
enforcing the need for establishing a more efficient and secure network.
Escalating demand for data traffic control is anticipated to propel the fifth
generation technology, which will consequently lead to exponential growth in
the market. Furthermore, connectivity needs in smartphones, wearable
devices, connected cars, smart home devices, and other consumer electronic
devices are likely to augment the demand for 5G testing equipment. High speed
of fifth generation technology and availability of wireless and wired
technology are potential factors for easing the connectivity process. On the
contrary, associated cost and technical issues due to multiple carrier
involvement are considered the key restraints of the market.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/5g-testing-equipment-market
5G Testing
Equipment Market Report Highlights
- North America
accounted for the largest market share in 2019 owing to the early adoption
of the fifth generation technology
- By equipment,
the signal and spectrum analyzers dominated the market in 2019 due to its
fast and simple signal analysis, along with its ability to capture and
analyze phase-related information of the signal
- Major market
players in China, Japan, and South Korea are expected to focus on
deploying fifth generation network infrastructure for the media and
entertainment, transportation and logistics, healthcare, manufacturing,
among other industry verticals.
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5G Testing
Equipment Market Segmentation
Grand View Research has segmented
the global 5G testing equipment market based on equipment, revenue source, end
user, and region:
5G Testing
Equipment Outlook (Revenue, USD Million, 2019 - 2027)
- Oscilloscopes
- Signal and Spectrum Analyzers
- Vector Signal Generators
- Network Analyzers
- Others
5G Testing
Equipment Revenue Source Outlook (Revenue, USD Million, 2019 - 2027)
- New
- Rental
5G Testing
Equipment End-user Outlook (Revenue, USD Million, 2019 - 2027)
- Telecom Equipment Manufacturers
- Original Device Manufacturers (ODMs)
- Telecom Service Providers
- Others
5G Testing
Equipment Regional Outlook (Revenue, USD Million, 2019 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
List of Key
Players of 5G Testing Equipment Market
- MACOM
- Rohde & Schwarz
- VIAVI Solutions Inc.
- Keysight Technologies
- Anritsu
- LitePoint
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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