5G Testing Equipment Market Is Set to Hit USD 3.23 Billion By 2027 | Grand View Research, Inc.

June 25 14:00 2020
5G Testing Equipment Market Is Set to Hit USD 3.23 Billion By 2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,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

According to a report, “5G Testing Equipment Market Size, Share & Trends Analysis Report By Equipment (Signal & Spectrum Analyzers, Network Analyzers), By Revenue Source, By End User, By Region, And Segment Forecasts, 2020 – 2027”, published by Grand View Research, Inc.,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.

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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.

North America 5G testing equipment market size

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.

End-user Insights

In terms of revenue, telecom equipment manufacturers dominated the market with a share of 34.9% in 2019. This is the attributed to increase in the deployment of 5G network and long-term evolution, i.e. LTE network, across the globe. Telecommunications equipment manufacturers use test equipment access multiplexers, transmission lines, base transceiver stations, among others. Test equipment facilitates instrument management, repair technology, maintenance, calibration, and deployment of telecom networks. It also ensures that the products adhere to the international standards. Manufacturers ensure that broadband service providers deliver a high-quality experience to their users, along with effective service management via technologies, such as Voice over Internet Protocol (VoIP) and Internet Protocol TV (IPTV).

Global 5G testing equipment market share

The telecom service providers segment is expected to witness the fastest growth over the forecast period owing to demand for high-speed data connectivity for unified Internet of things (IoT) applications, such as smart home energy management. Telecom Service Providers (TSP) or Communications Service Providers (CSP) include both public as well as private companies in industries, such as wire and wireless telecom, cable, Internet Service Providers, satellite, and managed service businesses. Various industry verticals such as manufacturing, telecom, and healthcare are focusing on technological transformations in order to improve overall operational efficiency and productivity and sustain in a highly competitive environment.

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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

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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