Press release
5G Device Testing Market Expected to Reach $2.57 Billion By 2029, Driven By Rising IoT Usage and Smartphone Penetration
5G Device Testing Market Size
What Is The Projected Market Size Of The Global 5G Device Testing Market And Its Growth Rate?
•The 5G device testing market size was $1.63 billion in 2024, anticipated to reach $1.77 billion in 2025 with a CAGR of 8.9%.
•The market size is expected to grow to $2.57 billion in 2029 with a CAGR of 9.8%.
•Revenue growth attributed to the expansion of internet of things (iot), network slicing, global expansion, and wider adoption of 5G.
What Is Driving The Growth In The 5G Device Testing Market?
Increasing usage of IoT and connected devices is expected to propel 5G device testing market growth. Connected devices embedded with sensors, software, and other technologies to connect and exchange data over the internet, boost 5G device testing by simulating real-world scenarios, ensure functionality and performance of 5G-enabled devices, and contribute to improved market acceptance. For instance, the World Economic Forum projects the total number of IoT devices will reach 30 billion by 2025. Furthermore, smartphone penetration growth contributes to the increasing demand for 5G device testing, with smartphone usage scenarios verifying the reliability, speed, and functionality of 5G technology.
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Who Are the Key Players Driving 5G Device Testing Market Growth?
•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.
What Are The Key Trends In The 5G Device Testing Market?
Key trends in the forecast period include:
•Customized testing solutions
•Cybersecurity testing
•Advanced test automation
•AI in testing
What Are The Segments Of The Global 5G Device Testing Market?
•By Equipment: Oscilloscopes, Signal Generators, Spectrum Analyzers
•By Revenue Type: New, Rental
•By End-User: Telecom Equipment Manufacturers, Original Device Manufacturers, Telecom Service Providers, Other End Users
Which Region Leads The 5G Device Testing Market?
North America was the largest region for the 5G device testing market in 2024, with APAC projected to be the fastest-growing region in the forecast period.
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What Is Covered In The 5G Device Testing Global Market Report?
Market Size Analysis: Analyze the 5G Device Testing Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the 5G Device Testing Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall 5G Device Testing Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the 5G Device Testing Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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