5g Testing Equipment Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of 5G Testing Equipment Market in 2021?

The global 5G testing equipment market is anticipated to have a market size of USD 829.3 million in 2021. With a Compound Annual Growth Rate (CAGR) of 9.4% from 2021 to 2026, the market is expected to reach a value of USD 1.3 billion by the end of the forecast period.

COVID-19 Impact on the 5G Testing Equipment Market

The COVID-19 pandemic had a mixed impact on the 5G testing equipment market. On one hand, the pandemic accelerated the adoption of 5G technology as businesses and individuals relied more on digital connectivity. This increased demand for testing equipment to ensure the smooth functioning of 5G networks.

On the other hand, the pandemic disrupted supply chains and manufacturing processes, leading to delays in the production and deployment of 5G testing equipment. However, as the world adapted to remote work and digital transformation, the market for 5G testing equipment witnessed steady growth.

5G Testing Equipment Dynamics

The 5G testing equipment market is driven by the increasing adoption of 5G technology across various industries such as telecommunications, automotive, healthcare, and manufacturing. The need for reliable and high-speed networks to support emerging technologies like Internet of Things (IoT), artificial intelligence, and augmented reality is propelling the demand for 5G testing equipment.

Additionally, the growing investment in 5G infrastructure development by governments and telecom operators worldwide is fueling the expansion of the 5G testing equipment market. The continuous evolution of 5G standards and protocols also necessitates the use of advanced testing solutions to ensure network performance and reliability.

Segments and Related Analysis

Types of 5G Testing Equipment:

1. Network Analyzers

2. Signal Generators

3. Spectrum Analyzers

4. Oscilloscopes

End-Use Industries:

1. Telecommunications

2. Automotive

3. Healthcare

4. Manufacturing

By Region Analysis

North America:

The North American region dominates the 5G testing equipment market due to the early deployment of 5G networks and the presence of key market players in the region. The United States and Canada are the major contributors to the market growth in North America.

Europe:

Europe is witnessing significant growth in the 5G testing equipment market driven by the increasing investment in 5G infrastructure by European countries. The United Kingdom, Germany, and France are the key markets for 5G testing equipment in Europe.

Asia Pacific:

The Asia Pacific region is expected to register the highest CAGR in the 5G testing equipment market due to the rapid adoption of 5G technology in countries like China, Japan, and South Korea. The increasing demand for high-speed connectivity and the presence of leading technology vendors are driving market growth in the region.

Key Market Players and Competitive Landscape

1. Keysight Technologies

2. Rohde & Schwarz

3. Anritsu Corporation

4. VIAVI Solutions

5. Spirent Communications

These are some of the key players in the 5G testing equipment market that are actively involved in product development, partnerships, and mergers to strengthen their market position and gain a competitive edge.

Recent Happenings in the 5G Testing Equipment Market

1. Keysight Technologies announced the launch of new 5G testing solutions for network performance optimization.

2. Rohde & Schwarz introduced a new line of spectrum analyzers specifically designed for 5G network testing.

3. VIAVI Solutions collaborated with a leading telecom operator to deploy 5G testing equipment for network rollouts.

4. Anritsu Corporation showcased its latest 5G testing tools at a global technology conference, highlighting its commitment to innovation in the field of network testing.

5. Spirent Communications announced a strategic partnership with a major semiconductor manufacturer to develop 5G testing solutions for next-generation devices.

These recent developments indicate the dynamic nature of the 5G testing equipment market and the ongoing efforts of key players to deliver cutting-edge solutions to meet the evolving needs of the industry.