Wilmington, Delaware, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Global 5G Testing Equipment Market is valued at US$ 1,430.0 million in 2023 and is expected to grow at a significant CAGR of over 8.4% over the forecast period of 2023-2030, according to the published market report by RationalStat
Market Definition, Market Scope, and Report Overview
The 5G testing equipment market refers to the sector of the telecommunications industry that involves the development, production, and deployment of specialized testing and measurement tools, devices, and solutions used to evaluate, validate, and optimize 5G (fifth-generation) wireless networks and related technologies. These testing tools and equipment are designed to ensure the performance, reliability, and security of 5G networks, as well as to validate compliance with industry standards and regulatory requirements.
The ongoing deployment of 5G networks worldwide is one of the primary drivers for 5G testing equipment. Network operators and equipment manufacturers need to ensure that the 5G infrastructure meets performance and reliability standards.
- According to a deep-dive market assessment by RationalStat, the global 5G testing equipment market has been analyzed on the basis of market segments, including type, application, offering, end user, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global 5G testing equipment market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global 5G testing equipment market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global 5G Testing Equipment Market: Segmental and Market Share Analysis
- On the basis of application, network construction is expected to take up the major portion of the 5G testing equipment market.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 1,430.0 million |
| Market Size Forecast | US$ 2,518.4 million |
| Growth Rate | 8.4% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global 5G testing equipment market include,
- In May 2022, Intertek expanded its geographical presence by expanding its 5G assurance, testing, and certification services to clients in East Asia.
- In January 2022, Anritsu introduced Interference Waveform Pattern software intended for 5G NR Receiver Test.
Some of the prominent players and suppliers operating and contributing significantly to the global 5G testing equipment market growth include Anritsu Corp., Artiza Networks Inc., EXFO Inc., Fortive Corp., Intertek Group Plc, Keysight Technologies Inc., MACOM Technology, Rohde & Schwarz, Teradyne Inc., Viavi Solutions Inc., Trex Enterprises, Tejas Networks, Astra Microwave, Siklu Communication Ltd, and PRISMA Telecom, among others.
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RationalStat has segmented the global 5G testing equipment market based on type, application, offering, end user and region
- Global 5G Testing Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Oscilloscopes
- Signal and Spectrum Analyzers
- Vector Signal Generators
- Others
- Global 5G Testing Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Network Construction
- Network Maintenance
- Network Optimization
- Global 5G Testing Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Offering
- Hardware
- Software
- Global 5G Testing Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
- Telecom Equipment Manufacturers
- Original Device Manufacturers
- Telecom Service Providers
- Others
- Global 5G Testing Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America 5G Testing Equipment Market
- US
- Canada
- Latin America 5G Testing Equipment Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe 5G Testing Equipment Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe 5G Testing Equipment Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific 5G Testing Equipment Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa 5G Testing Equipment Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America 5G Testing Equipment Market
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Key Questions Answered in the 5G Testing Equipment Report:
- What will be the market value of the global 5G testing equipment market by 2030?
- What is the market size of the global 5G testing equipment market?
- What are the market drivers of the global 5G testing equipment market?
- What are the key trends in the global 5G testing equipment market?
- Which is the leading region in the global 5G testing equipment market?
- What are the major companies operating in the global 5G testing equipment market?
- What are the market shares by key segments in the global 5G testing equipment market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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