Dublin, May 23, 2023 (GLOBE NEWSWIRE) -- The "Global 5G Device Testing Market by Equipment Type (Oscilloscope, Signal Generator, Spectrum Analyzers, Network Analyzers), End-user (IDMs & ODMs, Telecom Equipment Manufacturers) and Region - Forecast 2028" report has been added to ResearchAndMarkets.com's offering.
The world's 5G device testing market is projected to grow from USD 1.2 billion in 2023 to reach USD 1.7 billion by 2028; it is expected to grow at a CAGR of 7% during the forecast period.
Due to rising IoT and linked device usage, 5G applications are continuing to grow at a constant rate. Also, it is convenient to employ 5G testing equipment for the deployment of 5G technology due to the increased accessibility of huge data centres.
Spectrum analyzers is expected to grow at fastest rate by equipment type during the forecast period
Through spectrum analyzer, testing and designing of Radio Frequency (RF) signals and wireless communications-based circuits and systems can be performed. Spectrum analyzer dives deep into visualizing the entire signal spectrum and other factors such as spurious signals, noise, modulated signal width, etc.
It provides a detailed signal in both the frequency or modulation domain, which further elaborates on the dynamic and the transient nature of modern RF signals, unlike devices that provide snapshots of signals. This is where spectrum analyzers are proven to be important.
Telecom equipment manufacturer segment is expected have highest market share during the forecast period
In 5G deployment, small cells play a huge role, and they are used in combination with O-RAN technology for the 5G network. Testing is required for their successful functioning. Small cell testing covers testing the communication module and the system design after front-end design verification.
Beamforming characterization, beamforming verification, RF calibration, and antenna measurements are additional crucial tests. Teradyne, Inc. (US), a prominent player in the market specializing in base station equipment testing, offers the globally adopted IQxstream-5G FR1 Sub-6 GHz cellular tester for small cell testing.
Europe region to grow at healthy CAGR during the forecast period
The growth of 5G technology in the region and ongoing developments and deployments of 5G infrastructure are expected to drive the market for 5G device testing in the region. The region comprises some key countries adopting Industry 4.0, IoT, and connected cars at a higher rate.
The adoption of these technologies is mainly dependent on connectivity, and the 5G network is anticipated to play an integral role in developing the European market. The emerging application of 5G across end-user sectors in the region is driving the deployment of 5G networks in Europe.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 201 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $1.2 Billion |
| Forecasted Market Value (USD) by 2028 | $1.7 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Premium Insights
- Growing Adoption of 5G Device Testing due to High Investments
- Oscilloscopes to Hold Second-Largest Market Share in 2023
- Telecom Equipment Manufacturers Segment to Dominate Market During Forecast Period
- Asia-Pacific to Witness Significant Growth During Forecast Period
- Spectrum Analyzers and China Held Largest Shares of Asia-Pacific Market in 2022
- India to Register Highest CAGR in Market During Forecast Period
Market Dynamics
Drivers
- Requirement for Emi Protection and EMC Testing of 5G Equipment
- Increasing Use Cases of 5G Across Various Sectors and Compatible Products
- Increasing 5G Adoption
- High Adoption of Smartphones and Mobile Devices
Restraints
- Lack of Global Compliance and Standardization in Connectivity Protocols
- High Cost of Equipment and Lack of Skilled Workforce
Opportunities
- 5G Networks in IoT with Emergence of Cloud Services
- Rising Demand for 5G Network in Automobiles, Smart Cities, and Healthcare Sector
Challenges
- Complexity in Developing New 5G Testing Products
- Long Lead Times for Overseas Qualification Tests
Value Chain Analysis
- Ecosystem Mapping
- Trends Impacting Customer Business
- Porter's Five Forces Analysis
- Key Stakeholders and Buying Criteria
- Key Stakeholders in Buying Process
- Buying Criteria
- Pricing Analysis
Technology Analysis
- Complementary Technology
- 5G FR2 Testing
- Adjacent Technology
- Internet of Things (IoT)
Key Regulations
- US Regulations
- Gramm-Leach-Bliley Act
- California Consumer Privacy Act
- AntiCyberSquatting Consumer Protection Act
- FTC's Fair Information Practice Principles
- Export-Import Regulations
- EU Regulations
- General Data Protection Regulation
- Restriction of Hazardous Substances (RoHS) and Waste Electrical and Electronic Equipment (WEEE)
- Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH)
- Standards
- Distributed Management Task Force (DMTF) Standard
- Standards in ITS/C-ITS
Tariff Analysis
- MFN Tariff Imposed by US on Exports of Products with HS Code 903040
- MFN Tariff Imposed by China on Exports of Products with HS Code 903040
Company Profiles
Key Players
- Anritsu
- Keysight Technologies
- Rohde & Schwarz
- Teradyne Inc.
- National Instruments Corp.
- Tektronix Inc.
- Viavi Solutions Inc.
- Artiza Networks Inc.
- Emite
- EXFO Inc.
- MACOM
- Spirent Communications
- GL Communications Inc.
Other Players
- Innowireless Co. Ltd.
- PCTEL, Inc.
- Marvin Test Solutions, Inc.
- Gao Tek & Gao Group Inc.
- Netscout
- Consultix Wireless
- Valid8.Com Inc.
- Simnovus
- Bureau Veritas
- Polaris Networks
- Advantest Corporation
- Verkotan
For more information about this report visit https://www.researchandmarkets.com/r/xumn6f
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