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5G Testing Equipment Market Analysis, Industry Size, Share, Key Players And Forecast To 2033
5G Testing Equipment Market Analysis,
As per the report, the 5G testing equipment market size has grown rapidly in recent years. It will grow from $2.25 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The 5G testing equipment market size is expected to see strong growth in the next few years. It will grow to $3.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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Intersection Of Autonomous Automobiles And 5G Testing Equipment Market
The increasing number of autonomous automobiles is expected to propel the growth of the 5G testing equipment market in the coming years. An autonomous automobile, additionally referred to as a self-driving car or a driverless vehicle, is a vehicle that operates without human involvement, perceives its surroundings, and carries out vital activities without human intervention. The number of autonomous automobiles is increasing due to technological advancements, market demand for safer and more efficient transportation, and regulatory initiatives promoting autonomous vehicle deployment. 5G testing equipment in autonomous vehicles offers dependable and low-latency connections for real-time data transmission, resulting in improved vehicle communication, navigation, and safety features. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, it is expected that there will be 3.5 million autonomous vehicles or self-driving cars on American roads by 2025, and 4.5 million autonomous vehicles by 2030. Therefore, the increasing number of autonomous automobiles drives the 5G testing equipment market.
Advancing 5G Testing Equipment With Wireless Test Platforms
Major companies operating in the 5G testing equipment market focus on developing technologically advanced solutions, such as wireless test platforms, to strengthen their position in the market. This system tests wireless technologies such as 5G to ensure network performance, signal strength, and interoperability with devices such as self-driving cars. For instance, in February 2023, Keysight Technologies Inc., a US-based company that manufactures electronic test and measurement equipment and software, launched the E7515R solution. This solution is built on the company's 5G network emulation solutions platform, a simplified network emulator created exclusively for protocol, radio frequency (RF), and functional evaluation of all cellular Internet of Things (IoT) technologies. The E7515R adds to Keysight's industry-leading 5G Network Emulation Solutions portfolio, which is utilized in mobile device validation across the process, from early design to acceptability and deployment. The Keysight E7515R addresses the demand for a network emulation test platform designed specifically for 5G RedCap and interoperable across all CIoT technologies. The solution provides simplified features for RedCap without the extra features required for testing a full-spec 5G device.
The 5G testing equipment market covered in this report is segmented -
1) By Equipment Type: Oscilloscopes, Signal Generators, Spectrum Analyzers, Network Analyzers, Other Equipment Types
2) By Revenue Source: New, Rental
3) By Application: Lab Testing, Performance Testing, Wireless And RF Testing
4) By End-User: Telecom Equipment Manufacturers, Original Device Manufacturers (ODMs), Telecom Service Providers, Other End-Users
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Major companies operating in the 5G testing equipment market are AT&T Inc., Tektronix, Keysight Technologies Inc., Intertek Group plc, Molex LLC, Rohde & Schwarz, VIAVI Solutions Inc., Trex Enterprises Corporation, MACOM Technology Solutions, Spirent Communications plc, LitePoint, EXFO Inc., Inseego Corp., Microlease PLC, SIGLENT Technologies, ETS Lindgren Ltd., Prisma Telecom Testing, Azimuth Systems, TMY Technology Inc., Anritsu Corporation, PCTEST Engineering Laboratory In, Calnex Solutions Ltd., Amarisoft, RADX Technologies, Boonton Electronics, ThinkRF Corp., Fibocom Wireless Inc.
Contents of the report:
1. Executive Summary
2. 5G Testing Equipment Market Report Structure
3. 5G Testing Equipment Market Trends And Strategies
4. 5G Testing Equipment Market - Macro Economic Scenario
5. 5G Testing Equipment Market Size And Growth
…..
27. 5G Testing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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