5G Testing Equipment Market (2024-2033) | Insights, Industry Outlook, Growing Trends And Top Key Players

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Overview and Scope
5G testing equipment involves a variety of tools and instruments used to evaluate, analyze, and validate the efficiency, performance, and compatibility of 5G network components, devices, and services. These testing solutions guarantee the accuracy, effectiveness, and quality of 5G infrastructure and associated technologies.

Sizing and Forecast
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 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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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.

The 5g testing equipment market report table of contents includes:

1. Executive Summary

2. 5G Testing Equipment Market Characteristics

3. 5G Testing Equipment Market Trends And Strategies

4. 5G Testing Equipment Market – Macro Economic Scenario

5. Global 5G Testing Equipment Market Size and Growth
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32. Global 5G Testing Equipment Market Competitive Benchmarking

33. Global 5G Testing Equipment Market Competitive Dashboard

34. Key Mergers And Acquisitions In The 5G Testing Equipment Market

35. 5G Testing Equipment Market Future Outlook and Potential Analysis

36. Appendix

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