According to a report by Fortune Business Insights, the global 5G test equipment market size is expected to reach USD 3.51 billion in 2030, growing at a CAGR of 9.7% during the forecast period 2023-2030. Masu.
5G test equipment market
Pune, India, September 11, 2023 (Globe Newswire) — Global 5G test equipment market size It was valued at USD 1.69 billion in 2022 and is projected to reach USD 3.51 billion by 2030, registering a CAGR of 9.7% during the forecast period. Fortune Business Insights presents this information in its latest report titled “Global 5G Test Equipment Market Forecast, 2023-2030”.
5G test equipment plays a key role in the measurement and evaluation of 5G device infrastructure. The increased availability of large data centers will increase the convenience of using 5G test equipment. Additionally, continued research and development efforts aimed at making 5G infrastructure more user-oriented and compliant with industry standards are expected to drive demand for 5G test equipment.
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Development of major industries
June 2023: Keysight Technologies, Inc. has launched PathWave Advanced Design System (ADS) 2024. It provides chipmakers with new mmWave, sub-THz, and sub-THz frequency capabilities that can accelerate the development and testing of 5G mmWave products.
Important points
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North American 5G test equipment market size will be $560 million in 2022
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Increased adoption of advanced applications and IoT Connectivity drives 5G traffic
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Increased network traffic and expansion of applications drive market amid pandemic
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Wireless and RF test segment will witness rising CAGR due to increased usage of wireless spectrum
Discover the key players profiled in the report:
“The leading companies in the global 5G test equipment market are Keysight Technologies (USA), Anritsu (Japan), VIAVI Solutions Inc. (USA), NATIONAL INSTRUMENTS CORP. (USA), TEKTRONIX, INC. (USA), Artiza Networks , Inc. (Japan), Mobileum (USA), Teradyne Inc. (USA), Spirent Communications (UK), EXFO Inc. (Canada).
Report scope and segmentation
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Report scope |
detail |
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Forecast period |
From 2023 to 2030 |
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CAGR for forecast period 2023 to 2030 |
9.7% |
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2030 value prediction |
$3.51 billion |
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base year |
2022 |
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5G test equipment market size in 2022 |
$1.69 billion |
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past data |
2019 to 2021 |
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number of pages |
160 |
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Target segment |
Equipment type, application, end user, and geography |
See full report details: https://www.fortunebusinessinsights.com/5g-testing-equipment-market-104774
driver and restraints
Increasing demand for high-speed mobile communications 5G market
The demand for high-speed mobile communications is increasing to ensure secure connectivity for connected devices. High-speed internet connectivity supports communication between large-scale IoT devices, and the adoption of advanced multimedia applications has increased his 5G traffic. According to a Thales Group webinar, an estimated 438 million devices will be connected using his 5G by the end of 2023, driving the market.
However, high cost of testing and technological complexity are expected to restrain the growth of the 5G test equipment market.
segmentation
By type of equipment
By use
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clinical examination
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performance test
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Wireless and RF testing
By end user
By region
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North America
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Europe
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Asia Pacific
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middle east and africa
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south america
regional insights
North America dominates the market with large-scale infrastructure deployment
North America held a significant 5G test equipment market share in 2022 due to widespread deployment of 5G infrastructure and presence of leading network service providers. Early stage implementations and continuous technological advancements by communication service providers are contributing to the region’s market dominance.
Europe is expected to see strong demand for 5G testing services due to the growing need for faster data transfer speeds in residential and commercial environments.
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competitive environment
Leading companies drive growth through strategic acquisitions and partnerships
Prominent 5G test equipment players in the global market are focused on supporting a larger user base and facilitating network connectivity of multiple devices by migrating to 5G connectivity. These companies strategically acquire smaller local businesses to expand their business presence. Additionally, mergers, acquisitions, strategic partnerships, and significant investments in 5G technology are contributing to the increase in demand.
FAQ
What is the market size of 5G test equipment?
The global 5G test equipment market size was USD 1.69 billion in 2022 and is expected to reach USD 3.51 billion by 2030.
How fast is the 5G test equipment market growing?
The global 5G test equipment market is expected to exhibit a CAGR of 9.7% during the forecast period 2023-2030.
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