5G Testing Market Poised for Robust Growth: Projected to Reach US$ 7.7 Bn by 2034: TMR Analysis

The Global 5G Testing Market (Marché des tests 5G ) is experiencing significant growth, driven by the increasing demand for high-speed networks and the widespread adoption of over-the-top (OTT) platforms. According to industry analysts, the market was valued at US$ 4.0 billion in 2023 and is estimated to reach US$ 7.7 billion by the end of 2034, expanding at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2034.

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The rise in the need for high-speed networks and robust adoption of OTT platforms are key factors fostering the growth of the 5G testing market. 5G network verification is crucial in ensuring that networks meet the specific demands of modern applications and services. By addressing performance, reliability, security, and interoperability challenges, comprehensive testing facilitates the seamless transition to 5G technology and supports its transformative potential across industries.

Ongoing technology developments in the automobile sector, such as IoT and virtual reality, are also fueling market expansion. Leading players are investing in the development of advanced 5G testing methodologies that cater specifically to the unique requirements of 5G networks. They are investing in R&D activities to develop advanced signal transceivers that offer continuous frequency coverage.

Market Overview
5G network testing is a critical process that ensures next-generation networks perform up to their potential. It is a comprehensive evaluation process aimed at ensuring the performance, reliability, and security of 5G networks. 5G performance evaluation includes the assessment of the network's ability to deliver high-speed data transfer and low latency consistently. Testing under different conditions and usage scenarios helps verify if promised speeds are achievable across various environments.

Key Market Drivers
Need for High-speed Network The demand for high-speed networks is a primary driver of the 5G testing market. 5G connectivity assessment plays an integral role in successfully deploying and optimizing fifth-generation wireless technology. Consumers around the world expect exceptional performance across applications such as augmented reality (AR) and autonomous vehicles, driven by the promise of ultra-fast speeds and low latency. 5G testing ensures that these expectations are met, guaranteeing seamless connectivity and responsiveness for end-users.

Surge in Adoption of OTT Platforms The significant increase in OTT subscriptions globally is driving the need for 5G network trials. Consumers are turning to OTT platforms for on-demand content, increasing the need for superior video production and streaming services. According to Ofcom, OTT platform subscribers come from all sections of society, with notable growth among older age groups. Fifth-generation testing also plays a crucial role in autonomous and connected cars by ensuring guaranteed reliability, low latency, and high-speed connectivity.

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Regional Outlook
Asia Pacific Leading the Market According to the latest 5G testing market (5G-Testmarkt ) analysis, Asia Pacific accounted for the largest share of the global landscape in 2023. Government initiatives promoting digital broadcasting and encouraging local content production are fostering market progress. Growth in media infrastructure and the rise in adoption of various OTT platforms are also boosting the 5G testing market share of Asia Pacific. Increase in viewership of high-quality content from sectors such as entertainment, sports, and education, along with robust digital transformation, especially in developing countries, are fueling the demand for next-gen wireless testing in the region.

Key Players in the Global 5G Testing Market
Leading providers of 5G testing solutions are developing robust security testing frameworks. They are conducting detailed security assessments, penetration testing, and vulnerability management to safeguard networks against cyber threats. Key players are offering high-quality 5G testing services to improve testing efficiency, accuracy, and scalability.
Prominent players in the market include:
• Anritsu
• Keysight Technologies
• Teradyne Inc.
• National Instruments Corporation
• Spirent Communications
• Viavi Solutions Inc.
• Macom
• Rohde & Schwarz
• GL Communications Inc.
• Exfo Inc.
• Innowireless Co., Ltd.
• PCTEL
• Cohu, Inc.
• Marvin Test Solutions, Inc.
These companies have been profiled based on parameters such as company overview, business segments, product portfolio, recent developments, business strategies, and financial overview.

Key Developments
• Anritsu: In February 2023, Anritsu introduced the Field Master MS2070A handheld spectrum analyzers. The MS2070A provides necessary features and performance up to 3 GHz, conducting reliable and accurate RF measurements in various general-purpose fields, labs, and manufacturing environments.

• Keysight Technologies: In February 2023, Keysight Technologies, Inc. launched a wireless test platform for 5G RedCap and cellular IoT industry progression. The new E7515R solution expands the company's 5G Network Emulation Solutions portfolio and is used in mobile device validation across the workflow, from early design to acceptance and deployment.

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