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Evolving Market Trends In The 5G Device Testing Industry: Innovation In 5G Device Testing
5G Device Testing Market
What Is the Expected 5G Device Testing Market Size During the Forecast Period?
In the last few years, the market size of 5G device testing has witnessed significant growth. It is projected to expand from $1.63 billion in 2024 to $1.77 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. The upward trend in the past can be credited to several factors including enhanced customer demand, network capacity, quality assurance, and network optimization.
Anticipated to witness robust expansion in the upcoming years, the market size of 5G device testing is projected to escalate to $2.57 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.8%. The growth during the anticipated period can be credited to factors such as the spread of the Internet of Things (IoT), network slicing, global expansion and broader 5G adoption. The forecast period is expected to see marked trends such as tailored testing solutions, cybersecurity testing, sophisticated test automation, and the utilization of artificial intelligence in testing.
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What Are the High-Growth Segments in the 5G Device Testing Market?
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
Subsegments:
1) By Oscilloscopes: Mixed-Signal Oscilloscopes, Digital Storage Oscilloscopes, Real-Time Oscilloscopes
2) By Signal Generators: RF Signal Generators, Vector Signal Generators, Arbitrary Waveform Generators
3) By Spectrum Analyzers: Portable Spectrum Analyzers, Benchtop Spectrum Analyzers, Real-Time Spectrum Analyzers
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What Key Drivers Are Expected to Influence Future 5G Device Testing Market Growth?
The anticipated growth of the 5G device testing market is largely attributed to the expanding usage of Internet of Things (IoT) and connected devices. These are physical objects that incorporate sensors, software and other technologies to allow them to connect to the internet and exchange data. These devices can gather and disseminate data, execute actions based on the gathered data, and interact with each other and central systems. 5G device testing commonly utilizes IoT and connected devices to reproduce real-world situations, collect data, ascertain the efficiency and operation of 5G-compatible devices, and enhance the believability and market adoption of IoT devices. For instance, forecasts by the World Economic Forum in January 2023 predict a total of 30 billion connected IoT devices by 2025. Therefore, it is clear that the escalading usage of IoT and connected devices is fuelling the growth of the 5G device testing market. 5G Device Testing Market Driver: Growth of the 5G Device Testing Market Fuelled by Increasing Smartphone Penetration
Which Companies Hold the Largest Share Across Different 5G Device Testing Market Segments?
Major companies operating 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.
What Trends Are Driving Growth in The 5G Device Testing Market?
Prominent firms in the 5G device testing market are focusing on developing new tech-savvy products such as a one-box tester to improve and secure a superior market position. The one-box tester is a robust test platform that simplifies device testing by merging several testing capabilities into a single box, enhancing the efficiency of complex test configurations for all 5G NR deployments. For instance, in February 2022, Germany-based telecommunications firm Rohde & Schwarz USA Inc. launched the R&S CMX500 one-box tester - an inventive and robust 5G testing platform that streamlines device testing and measures all facets of 5G devices such as RF, protocol, and application layer testing. This makes it a more cost-efficient and effective solution compared to traditional tests that require multiple testers. Additionally, its future-oriented design, which supports high data rates and incorporates a user-friendly web-based graphical interface, simplifies 5G testing for device manufacturers.
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What Are the Emerging Geographies for The 5G Device Testing Market Growth?
North America was the largest region in the 5G device testing market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 5G Device Testing Market?
2. What is the CAGR expected in the 5G Device Testing Market?
3. What Are the Key Innovations Transforming the 5G Device Testing Industry?
4. Which Region Is Leading the 5G Device Testing Market?
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