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5G Testing Market to Reach $1.41 Billion by 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘5G Testing Market by Offering (Equipment, Outsourced Services), Application (5G Fixed Wireless Access Deployment Testing, Converged 5G xhaul Transport, 5G Small Cell Testing, Dark Fiber Testing), End User and Geography - Global Forecast to 2030.’
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The global 5G testing market is projected to reach $1.41 billion by 2030, at a CAGR of 12.4% from 2023 to 2030. The growth of this market is attributed to the growth in the 5G market, the increasing need for vulnerability assessment of 5G devices, and favorable initiatives for 5G test services. Furthermore, the 5G standardization and applications focused on enhanced mobile broadband (eMBB) and technological innovations for innovative test and measurement solutions are expected to create significant opportunities for this market. However, the shortage of skilled labor resources for 5G testing challenges this market's growth.
The global 5G testing market is segmented based on offering, application, end-user and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
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Based on offering, the global 5G testing market is segmented into equipment, software, and outsourced services. In 2023, the equipment segment is expected to account for the largest share of the global 5G testing market. The equipment segment comprises signal generators, signal and spectrum analyzers, oscilloscopes, network analyzers, and other equipment. The large share of this segment is attributed to the emergence of 5G technologies, low business risk factors, and increased network traffic.
Deployment of 5G testing equipment helps to prevent potential infrastructure delays and deployment issues. Further, it provides large-scale analytical models and technology solutions to analyze the system scenario through network analytics for the telecom service providers (TSP). Increased 5G network traffic, targeted marketing, and quality of experience (QoE) maintenance is expected to further fuel the segment's growth.
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Based on application, the global 5G testing market is segmented into 5G fixed wireless access deployment testing, converged 5G xhaul transport, 5G small cell testing, dark fiber testing and other applications. In 2023, 5G small cell testing is expected to account for the largest share of the global 5G testing market. As consumer demand for high-speed mobile data connectivity steadily increases, next generation 5G radio access network (RAN) deployments are rising. Deployment of 5G small cell networks is on the rise in industrial, enterprise, and residential applications to provide extended coverage capacity at an affordable price. Increasing mobile data traffic worldwide is driving carriers to move to higher network densities to provide high-speed capacity to a large number of consumers. The increasing number of smart cities, especially in developed countries such as the U.S., Canada, Singapore, U.K., Germany, Italy, and France, is driving the deployment of 5G small cell networks in residential, commercial, government, and industrial applications contributing to the large share of this segment.
Based on end-user, the global 5G testing market is segmented into telecom equipment manufacturers, TIC service providers, telecom service providers, government and other end-users. In 2023, the telecom equipment manufacturers segment is expected to account for the largest share of the 5G testing market. The large share of this segment is attributed to the increase in the deployment of 5G networks and long-term evolution, such as LTE networks, across the globe. Telecommunications equipment manufacturers use 5G testing equipment to access multiplexers, transmission lines, base transceiver stations, and others. Test equipment facilitates instrument management, repair technology, maintenance, calibration, and deployment of telecom networks. It also ensures that the products adhere to international standards. Manufacturers ensure that broadband service providers deliver a high-quality experience to their users and effective service management via technologies, such as Voice over Internet Protocol (VoIP) and Internet Protocol TV (IPTV).
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Based on geography, the global 5G testing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the 5G testing market. The region's large share is attributed to the increasing deployment of 5G network infrastructure and the presence of significant network service provider companies, such as AT&T Inc. (U.S.), who have adopted 5G testing equipment early. The regional companies are also focused on investing in R&D to integrate 5G technology in smartphones and healthcare applications to enhance network performance.
Key Players
The key players profiled in the global 5G testing market study include ANRITSU CORPORATION (Japan), Artiza Networks, Inc. (Japan), EXFO Inc. (Canada), PCTEL, Inc. (U.S.), Intertek Group plc (U.K.), Keysight Technologies, Inc. (U.S.), MACOM Technologies Solutions Holdings, Inc. (U.S.), Rohde & Schwarz GmbH & Co. KG (Germany), Teradyne Inc. (U.S.), VIAVI Solutions Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Trex Enterprises Corporation. (U.S.), Siklu Communications, Ltd. (Israel), GL communications Inc. (U.S.) and Innowireless Co.,Ltd. (South Korea).
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Related Research Report:
5G Infrastructure Market by Component (Base Station, Radio Access Network [RAN], Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), Spectrum - Global Forecast to 2030 >> https://www.globenewswire.com/news-release/2023/03/09/2624355/0/en/5G-Infrastructure-Market-to-be-Worth-150-9-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=17-01-2024
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