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5G Device Testing Market Opportunities, Size, Share And Analysis 2024-2033
5G Device Testing Market
5G Device Testing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.32 billion In 2028 At A CAGR Of 9.3% :
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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5G Device Testing Market Major Segments
The 5g device testing market covered in this report is segmented -
1) By Equipment: Oscilloscopes; Signal Generators; Spectrum Analyzers
2) By Revenue Type: New; Rental
3) By End-User: Telecom Equipment Manufacturers; Original Device Manufacturers; Telecom Service Providers; Other End Users
Key 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.
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Prominent 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.
5G Device Testing Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the 5G device testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in 5G device testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 5G Device Testing Market Report Structure
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
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Europe: +44 207 1930 708
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Email: info@tbrc.info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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