Press release
5G Device Testing Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | ZTE Corporation, CommScope Holding Company Inc., Keysight Technologies, Intertek Group PLC
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through 5G Device Testing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The 5g device testing market size has grown strongly in recent years. It will grow from $1.49 billion in 2023 to $1.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to growing consumer demand,network capacity, quality assurance, network optimization.
The 5g device testing market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to expansion of internet of things (iot), network slicing, global expansion, wider adoption of 5g. Major trends in the forecast period include customized testing solutions, cybersecurity testing, advanced test automation, ai in testing.
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Market Segmentation:
The main types of equipment used in 5G device testing are oscilloscopes, signal generators, spectrum analyzers, network analyzers and others. Oscilloscopes refer to electronic test instruments used to visualize and analyze electrical signals in the time domain. It includes new and rental revenues. The main end-users are telecom equipment manufacturers, original device manufacturers, telecom service providers and others.
Major Driver - Rising Adoption Of Iot And Connected Devices Energizes The 5G Device Testing Market
The increasing usage of IoT (Internet of Things) and connected devices is expected to propel the growth of the 5G device testing market going forward. IoT and connected devices refer to a network of physical objects, or things, which are embedded with sensors, software and other technologies to connect and exchange data over the internet. These connected devices can collect and share information, perform actions based on that data and communicate with each other and with central systems. 5G device testing often relies on IoT and connected devices to simulate real-world scenarios, collect data, ensure the functionality and performance of 5G-enabled devices and boost the credibility and market acceptance of IoT devices. For instance, in February 2022, according to the GSM Association, a UK-based non-profit organization, IoT connections will reach 23.3 billion globally by 2025, up from 15.1 billion in 2021. Therefore, the increasing usage of IoT and connected devices is driving the growth of the 5G device testing market.
Competitive Landscape:
Major players in the 5g device testing market are ZTE Corporation, CommScope Holding Company Inc., Keysight Technologies, Intertek Group PLC, Teradyne Inc., Rohde & Schwarz GmbH & Company KG, National Instruments Corp., Viavi Solutions Inc., Trex Enterprise Corporation, NETGEAR Inc., NetScout Systems Inc., Tektronix Inc., Cohu Inc., Anritsu Corporation, MACOM Technology solutions, Spirent Communications PLC, InfoVista, LitePoint Corp., Teledyne LeCroy Inc., MPI Corporation, Artiza Networks Inc., JDS Uniphase Corporation, EXFO Inc., eMite, Accedian, GL Communications Inc., Narda Safety Test Solutions GmbH.
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Top Trend - Innovation In 5G Device Testing
Major companies operating in the 5G device testing market focus on innovating new technological products, such as one box tester, to sustain and attain a better position in the market. A one-box tester is a powerful test platform used for simplified device testing. It combines several testing capabilities into a single box, making complex test configurations for all 5G NR deployments more quickly and efficiently. For instance, in February 2022, Rohde & Schwarz USA Inc., a Germany-based telecommunications company, introduced the R&S CMX500 one-box tester, an innovative and powerful 5G test platform that simplifies device testing. It is a single, integrated platform that can assess all aspects of 5G devices, including RF, protocol and application layer testing. This makes it a more efficient and cost-effective solution than traditional ones requiring multiple testers. Moreover, the future-proof design supports high data rates and includes a user-friendly web-based graphical interface, making 5G testing simple and accessible for device manufacturers.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 5G Device Testing Market Characteristics
3. 5G Device Testing Market Trends And Strategies
4. 5G Device Testing Market - Macro Economic Scenario
5. 5G Device Testing Market Size And Growth
…..
27. 5G Device Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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