Meticulous Research®—a leading global market research company,
published a research report titled, “Global 5G Testing Market by Offering
(Equipment, Outsourced Services), Application (5G Fixed Wireless Access
Deployment Testing, 5G Small Cell Testing, Dark Fiber Testing), End User, and
Geography- Global Forecast to 2030.
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 & measurement solutions are expected to create significant opportunities
for this market. However, the shortage of skilled labor resources for 5G
testing poses challenges to this market's growth.
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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.
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).
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.
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However, the outsourced services segment is expected to grow at
the highest CAGR during the forecast period. The growth in 5G devices and the
affordability of testing services are the major factors driving the growth of
this segment. End-to-end 5G test services play a vital role in the development,
deployment, and operational excellence of emerging 5G networks. Further, the
growing adoption of 5G devices is surging demand for verifying the network's
lightning-fast download speeds, super low latency, and expansive coverage
density.
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. However, the 5G fixed wireless access segment is expected to
grow at the highest CAGR during the forecast period. The segment's growth is
attributed to the growing demand for low-power and strong internet
connectivity. As a result, various market players are pushing new developments
to provide high-bandwidth connectivity. For instance, in August 2022, 1&1
AG, a German telecommunication company, demonstrated Open RAN-based 5G FWA
tests with friendly users under real conditions. Also, in October 2022, Nokia
Corporation (Finland) signed an agreement with NBN Co limited. (Australia) to
supply 5G fixed wireless access (FWA) mmWave Customer Premises Equipment (CPE)
to upgrade NBN’s fixed wireless network. The companies aim jointly to provide
high-speed internet to residents and businesses across Australia. Such
developments are expected to drive the growth of the segment during the
forecast period.
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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. The telecom service providers
segment is expected to grow at the highest CAGR during the forecast period. The
growth of this segment is attributed to the rising demand for high-speed data
connectivity for unified internet of things (IoT) applications, such as smart
home energy management. Telecom service providers (TSP) include both public and
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 to improve overall operational efficiency and
productivity and sustain in a highly competitive environment that is further
fueling the growth of this segment.
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.
However, the Asia-Pacific is expected to grow at the highest CAGR
during the forecast period. Major market players in China, Japan, and South
Korea are focusing on deploying 5G network infrastructure for media and
entertainment, transportation and logistics, healthcare, and manufacturing,
among other industry verticals. These investments are estimated to propel the
growth of the Asia-Pacific market over the forecast period. Furthermore,
rapidly escalating demand for smartphones and higher internet speeds have
resulted in vigorous manufacturing of 5G-enabled smartphones across the region.
This is expected to surge the demand for test equipment as well.
To gain more insights into the market with a detailed table of
content and figures, click here: https://www.meticulousresearch.com/product/5g-testing-market-5482?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=03-11-2023
Scope of the Report:
5G Testing Market, by
Offering
- Equipment
- Signal
Generators
- Modular Microwave Signal Generators
- Vector Signal Generators
- Signal and Spectrum Analyzers
- Oscilloscopes
- Network
Analyzers
- Scalar Network Analyzers (SNA)
- Vector Network Analyzers (VNA)
- Other Equipment
- Software
- Outsourced Services
5G Testing Market, by Application
- 5G Fixed Wireless Access Deployment Testing
- Converged 5G xhaul transport
- 5G Small Cell Testing
- Dark fiber Testing
- Other Applications
5G Testing Market, by End User
- Telecom Equipment Manufacturers
- TIC Service Providers
- Telecom Service Providers
- Government
- Other End Users ..cont.
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