5G Testing Equipment Market Size Forecasted To Achieve $3.76 Billion By 2029 With Steady Growth

The 5G Testing Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the 5G Testing Equipment Market Size and Projected Growth Rate?
In recent times, the 5G testing equipment market has seen swift expansion. The expected growth trend indicates an increase from $2.48 billion in 2024 to $2.73 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.2%. Factors contributing to this exponential growth in the past include heightened demand for bandwidth, the rise of IoT and connected devices, worldwide standardization efforts, speedy establishment of 5G infrastructure, and the need for service quality (QoS) and experience quality (QoE).

The market size for 5G testing equipment is predicted to experience robust growth in the coming years, swelling to a value of $3.76 billion in 2029, led by a compound annual growth rate (CAGR) of 8.4%. This upward trend over the forecast period is largely due to factors like the expansion of the 5G network, an uptick in the use of 5G devices, the emergence of vertical industries, a transition to standalone (SA) 5G networks, and the roll-out of private 5G networks. Key trends that are likely to shape the growth in this period include the incorporation of AI and machine learning, the broadening of millimeter wave testing, emphasis on network slicing testing, the emergence of cloud-native testing solutions, and improved security testing capabilities.

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What Are the Major Segments in the 5G Testing Equipment Market?
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

Subsegments:
1) By Oscilloscopes: Digital Oscilloscopes, Mixed Signal Oscilloscopes
2) By Signal Generators: Vector Signal Generators, Arbitrary Waveform Generators
3) By Spectrum Analyzers: Handheld Spectrum Analyzers, Benchtop Spectrum Analyzers
4) By Network Analyzers: Vector Network Analyzers (VNA), Scalar Network Analyzers
5) By Other Equipment Types: Power Meters, Channel Emulators, Protocol Analyzers

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What Are The Driving 5G Testing Equipment Market Evolution?
The growth of the 5G testing equipment market is predicted to be propelled by the rising count of autonomous automobiles in the upcoming years. Autonomous automobiles, also known as self-driving cars or driverless vehicles, function without the need for human interaction, understand their environment, and perform crucial functions independently. Technological progress, a market necessity for safer and more efficient transport, and policy initiatives that encourage the implementation of self-driving cars have all contributed to the increasing number of these vehicles. 5G testing equipment in such vehicles ensures reliable and low-latency connections for real-time data exchange, which enhances vehicle communication, navigation, and safety features. A report from the Insurance Institute for Highway Safety, a non-profit organization in the US, suggested in December 2022 that there would be 3.5 million autonomous vehicles on American roads by 2025, and the number would increase to 4.5 million by 2030. Hence, the growth in the number of autonomous vehicles underpins the development of the 5G testing equipment market.

Which Firms Dominate The 5G Testing Equipment Market Segments?
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.

What Trends Are Expected to Dominate the 5G Testing Equipment Market in the Next 5 Years?
Leading firms in the 5G testing equipment industry are prioritizing the creation of innovative solutions, such as wireless testing platforms, to enhance their market standing. The goal of these systems is to test wireless technologies, like 5G, for optimal network performance, signal robustness, and compatibility with devices like autonomous vehicles. For example, Keysight Technologies Inc., a US company specializing in electronic testing and measure equipment and software, introduced the E7515R solution in February 2023. This solution, grounded in Keysight's 5G network emulation solutions platform, is a streamlined network emulator exclusively for evaluating all cellular Internet of Things (IoT) technologies on parameters such as protocol, radio frequency (RF), and functionality. The addition of E7515R further enriches Keysight's top-tier 5G Network Emulation Solutions portfolio, heavily relied upon for validating mobile devices throughout the entire lifecycle, from early design stages to acceptance and rollout. The Keysight E7515R meets the requirement for a network emulation testing platform explicitly developed for 5G RedCap, compatible across all CIoT technologies. The solution offers tailored features for RedCap, excluding unnecessary features usually needed for a full-spec 5G device test.

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Which Is The Largest Region In The 5G Testing Equipment Market?
North America was the largest region in the 5G testing equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5G testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 5G Testing Equipment Market?
2. What is the CAGR expected in the 5G Testing Equipment Market?
3. What Are the Key Innovations Transforming the 5G Testing Equipment Industry?
4. Which Region Is Leading the 5G Testing Equipment Market?

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