5G Test Equipment Market

Market Study on 5G Test Equipment: With Global Rollout of 5G Networks Driving Demand for Advanced Testing Solutions for Optimum Performance and Reliability, PMR Foresees a Wealth of Opportunities Arising Soon

A Detailed Analysis of the 5G Test Equipment Market Based on Increasing Demand for the Requirement of Enhanced Network Connectivity, and Exploding Adoption of Connected Devices

Report ID: PMRREP33602

Number of Pages: 169

Format: PPT*, PDF, EXCEL

Industry: IT and Telecommunication

Published Date: December-2023

Report Price

$4900*

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5G Test Equipment Market

The global 5G test equipment market is forecast to expand at a CAGR of 6.9% and thereby increase from a value of US$2 Bn in 2023, to US$3.3 Bn by the end of 2030.

Attributes

Key Insights

5G Test Equipment Market Size (2023E)

US$2.0 Bn

Projected Market Value (2030F)

US$3.3 Bn

Global Market Growth Rate (CAGR 2023 to 2030)

6.9%

Historical Market Growth Rate (CAGR 2018 to 2022)

5.0%

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Market Introduction and Definition

The 5G test equipment market refers to the specialized tools and instruments designed to evaluate and verify the performance, functionality, and compliance of 5G networks and devices. As 5G technology continues to evolve, testing equipment becomes crucial for ensuring the seamless integration and optimal functioning of 5G networks, devices, and applications. The primary aim of this market is to facilitate the development, deployment, and maintenance of robust and efficient 5G infrastructure by providing accurate and reliable testing solutions.

Key drivers propelling the 5G test equipment market include the rapid global deployment of 5G networks, increasing demand for high-speed connectivity, and the growing complexity of 5G technologies. The opportunities in this market are driven by the ongoing advancements in 5G technology, creating a need for sophisticated testing solutions to address the unique challenges posed by higher frequencies, increased data rates, and diverse use cases. As the demand for 5G connectivity expands across various industries, the 5G test equipment market plays a pivotal role in ensuring the reliability and performance of 5G networks in diverse real-world scenarios.

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Market Growth Drivers

Accelerated Deployment of 5G Networks

The rapid and widespread deployment of 5G networks is a key driver propelling the 5G test equipment market. As telecommunication companies globally race to implement 5G infrastructure, there is a growing demand for advanced testing solutions to ensure the seamless integration and optimal performance of these networks. The complex nature of 5G technologies, including higher frequency bands and diverse use cases, necessitates specialized testing equipment to validate the functionality, reliability, and compliance of 5G networks. This driver reflects the market's response to the urgency of deploying robust and efficient 5G infrastructure to meet the increasing demands for high-speed connectivity.

In addition, the growing complexity of 5G technologies serves as another significant driver for the 5G test equipment market. The transition to 5G involves higher frequencies, enhanced data rates, and diverse applications, ranging from massive machine-type communication to ultra-reliable low-latency communication. This complexity poses unique challenges that require advanced testing solutions to ensure the quality and performance of 5G networks and devices. The need for precise testing instruments that can address the intricacies of 5G technology drives innovation in the market, creating opportunities for companies to provide sophisticated testing equipment that meets the evolving requirements of the industry.

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Market Restraints

Market Fragmentation, and Compatibility Issues

One key restraint affecting the 5G test equipment market is the potential for market fragmentation and compatibility issues. As 5G technology evolves, different regions and industries may adopt variations of the standard, leading to a diverse landscape of 5G implementations. This fragmentation can pose challenges for test equipment manufacturers, as they must develop solutions that are compatible with a wide array of 5G specifications and standards.

The lack of standardized testing protocols across all 5G deployments may result in a complex ecosystem where certain test equipment may not seamlessly integrate or provide accurate assessments for specific implementations. This restraint highlights the need for industry collaboration and standardization efforts to ensure interoperability and a cohesive testing environment for 5G networks worldwide. The market's ability to navigate and address these fragmentation challenges will be crucial for sustained growth and effectiveness in supporting the 5G ecosystem.

Evolving Standards, and Complexity in 5G Technology Testing

The rapid evolution of 5G technology brings forth the challenge of keeping pace with the continuously evolving standards. As international standards bodies refine and introduce new specifications for 5G networks, test equipment manufacturers face the challenge of ensuring that their testing solutions remain compliant and up-to-date. The dynamic nature of 5G standards introduces complexities in designing test equipment that can effectively validate the diverse elements of 5G networks, including different frequency bands, network architectures, and deployment scenarios.

Opportunities

Rising Demand for Advanced Testing Solutions

As the deployment and adoption of 5G networks continue to expand globally, there is a growing demand for advanced testing solutions. Manufacturers of 5G test equipment have the opportunity to capitalize on this trend by developing and offering innovative testing solutions that address the unique challenges and requirements of 5G technology. This includes the development of sophisticated testing equipment capable of handling higher frequency bands, massive MIMO configurations, and complex network architectures.

By investing in research and development to create cutting-edge testing solutions, companies can position themselves as leaders in the market and cater to the evolving needs of telecommunications operators and equipment manufacturers seeking robust testing capabilities for their 5G infrastructure.

Moreover, the widespread integration of 5G across various industries, including automotive, healthcare, and manufacturing, presents an opportunity for specialized testing solutions tailored to industry-specific requirements. 5G is envisioned to power a range of applications beyond traditional telecommunications, such as autonomous vehicles, remote healthcare services, and smart manufacturing.

Test equipment manufacturers can explore the development of industry-specific testing tools and methodologies to ensure the optimal performance and reliability of 5G networks in these diverse applications. By understanding and addressing the unique testing needs of different industries, companies can unlock new revenue streams and establish themselves as key contributors to the broader 5G ecosystem.

Analyst’s Viewpoint

The 5G test equipment market, driven by the relentless evolution of telecommunications technology. As we stand at the cusp of widespread 5G deployment, analysts emphasize a surge in demand for cutting-edge test equipment. With this heading, we explore the strategic insights provided by analysts, shedding light on the pivotal role that test equipment will play in shaping the trajectory of 5G technology.

Furthermore, the surge in research and development investment in 5G technology. As telecom companies and equipment manufacturers race to stay ahead in the competitive landscape, the need for advanced and specialized test equipment becomes paramount. In this analysis, we delve into how this anticipated increase in R&D spending is poised to drive the 5G test equipment market, acting as a catalyst for innovation and technological advancement in the telecommunications industry.

Supply-side Dynamics

Several factors, the supply-side dynamics of the 5G test equipment market are intricately linked to the global landscape, reflecting a surge in manufacturing activities to meet the escalating demand for cutting-edge testing solutions. As industry players strive to stay ahead in the 5G race, this paragraph navigates through the factors influencing the overall supply chain, including the rise of new market entrants, advancements in manufacturing technologies, and collaborations among key stakeholders. This examination unveils the collaborative spirit that underlines the competitive ecosystem of 5G test equipment production.

China stands tall as a manufacturing powerhouse in the 5G test equipment market, contributing significantly to the global supply chain. This paragraph delves into the unique dynamics of China's manufacturing landscape, exploring factors such as technological innovation, government initiatives, and the presence of key market players. By understanding China's role in shaping the supply-side dynamics, we gain insights into how this manufacturing giant is influencing the overall market trends and contributing to the growth and development of 5G test equipment on a global scale.

Market Segmentation

Which is the Spearheading Component Type Segment?

Oscilloscopes Maintain a Dominating Market Share

The oscilloscopes category emerges as the dominant market. The oscilloscope section is used to show and examine electrical signal waveforms. These devices also plot the instantaneous signal voltage against time on a graph. In addition, characteristics like amplitude, rising time, frequency, time interval, and distortion can be examined in the observed waveform. Furthermore, digital oscilloscopes use an analog-to-digital converter (ADC) to measure the sample 5G signals.

Moreover, the waveform is first scaled using an attenuator. The waveform may then be sent to the ADC via a vertical amplifier, which can also be utilised to add extra scaling. Additionally, the wireless communication test sets emerge as the fastest-growing category in the 5G Test Equipment market due to the escalating demand for end-to-end testing solutions. As 5G technology expands its footprint across diverse industries and applications, there is a pressing need for testing equipment that can emulate real-world wireless communication scenarios.

What Type will be Sought-after in the Global Market?

Sub-6 GHz Most Preferred Owing to Pervasive Connectivity and Deployment

Sub-6 GHz technology emerges as the dominant category in the 5G Test Equipment Market due to its widespread deployment and pervasive connectivity. This frequency band provides a larger coverage area, making it a practical choice for initial 5G implementations. The subheading emphasizes the importance of achieving broad coverage to meet the increasing demand for seamless connectivity, especially in urban and suburban environments.

Additionally, the combination of both Sub-6 GHz and mmWave emerges as the fastest category in the 5G Test Equipment Market. This dual-category approach allows for comprehensive network performance by leveraging the strengths of each frequency band. Sub-6 GHz ensures widespread coverage, while mmWave delivers ultra-fast data speeds. The subheading highlights the importance of a hybrid strategy to achieve a balanced 5G network that caters to diverse user requirements.

Which End-use Industry Leads in Adoption?

Telecom Industry’s Lead Intact in Terms of Adoption

Telecommunications emerges as the dominant category in the 5G test equipment market, serving as the core driver of innovation and deployment in the industry. As the primary end user, telecommunications companies invest significantly in testing equipment to ensure the seamless rollout and optimization of their 5G networks. The subheading emphasizes the pivotal role of telecommunications in shaping the 5G landscape, with a strong focus on achieving higher data speeds, lower latency, and increased network capacity.

Electronics manufacturing emerges as the fastest-growing category in the 5G test equipment market due to the industry's critical role in producing devices that leverage 5G technology. As electronics manufacturers strive to incorporate 5G capabilities into their products, the demand for test equipment surges to ensure the quality, compatibility, and compliance of these devices with 5G networks. The subheading highlights the accelerated growth of the electronics manufacturing segment, driven by the need to deliver cutting-edge products that harness the full potential of 5G connectivity.

Top Regional Markets

Europe’s Leadership Upheld by Favorable Regulatory Framework and Standardization

Europe is emerging as a dominating region in the 5G test equipment market, primarily due to its proactive regulatory environment and emphasis on standardization. The continent has been at the forefront of shaping regulations that facilitate the rapid deployment of 5G networks.

Regulatory bodies in Europe have played a crucial role in creating a conducive ecosystem for the adoption of 5G technologies, encouraging telecom operators and equipment manufacturers to invest in advanced test equipment. The subheading highlights how Europe's regulatory initiatives have paved the way for a robust and standardized 5G infrastructure.

Asia Pacific Gears up for 5G

South Asia, and Pacific present immense opportunities for manufacturers in the 5G test equipment market. The region is witnessing a surge in 5G adoption, driven by the increasing demand for high-speed connectivity and the proliferation of smart devices. Under this heading, we explore how manufacturers can tap into these emerging markets, offering tailored test equipment solutions to cater to the specific needs of South Asian, and Pacific countries.

Furthermore, opportunities in South Asia, and Pacific are further amplified by the proactive initiatives taken by governments to promote 5G infrastructure. Countries in the region are investing in building a robust 5G ecosystem, creating an ideal environment for manufacturers. Here, we delve into how aligning with these national agendas can open avenues for manufacturers to contribute to the development of 5G networks in South Asia, and Pacific, making their mark in this dynamic market.

Competitive Intelligence and Business Strategy

Prominent organizations, including Keysight Technologies, Spirent Communications, Tektronix, Inc., Anritsu Corporation, are at the vanguard of this sector, the 5G Test Equipment Market is a battleground for innovation and technological prowess, with key players vying for strategic positions. Competitive intelligence in this dynamic market involves a comprehensive analysis of market leaders, challengers, and disruptors.

Understanding the unique selling propositions, R&D investments, and market penetration strategies of major players such as Keysight Technologies and Anritsu Corporation is crucial. Additionally, monitoring emerging players, startups, and their disruptive technologies provides a holistic view of the competitive landscape. This intelligence empowers businesses to anticipate market movements, identify collaboration opportunities, and stay ahead in the rapidly evolving 5G testing domain.

Crafting a successful business strategy in the 5G Test Equipment Market requires a nuanced understanding of market trends, customer demands, and technological advancements. Businesses must align their strategies with the ongoing global 5G rollout, emphasizing the development of versatile, scalable, and future-ready testing solutions.

Strategic partnerships with telecommunication giants, regulatory bodies, and research institutions can be instrumental in gaining a competitive edge. Furthermore, investing in continuous research and development to introduce innovative features and ensuring compliance with evolving industry standards is paramount. A forward-looking business strategy should also prioritize sustainability and resilience, considering the dynamic nature of the 5G ecosystem and the ever-evolving needs of customers in the telecommunications sector.

Key Recent Developments

New Product Launch

Keysight Technologies announced the opening of Europe's first complete open radio access network (Open RAN) testing laboratory in the company's Milan office in Italy. This employs the Keysight Open RAN Architect (KORA) for radio unit testing by the most recent O-RAN ALLIANCE conformance tests.

Market Impact: This move responds to the escalating adoption of Open RAN architectures in the European telecommunications landscape, bolstering Keysight's pivotal role in providing cutting-edge solutions for the evolving 5G infrastructure. The strategic location positions Keysight to influence and cater to the burgeoning demand for Open RAN testing solutions across Europe, thereby solidifying its market presence and influence.

(Source: Keysight)

Nokia announced that its network technology and services assisted Telia Denmark in recent independent drive testing in the four largest cities in the country. The tests, conducted by umlaut, a subsidiary of Accenture, an industrial and organizational advisory research and benchmarking firm, assessed the quality of the country's mobile radio network coverage.

Market Impact: This affirms the demand for cutting-edge testing solutions to evaluate and enhance the quality of mobile radio network coverage. Nokia's involvement reinforces its standing as a key player in advancing 5G infrastructure testing and optimization.

(Source: Nokia)

Rohde & Schwarz has announced the release of the next-generation benchmarking solution, which includes the Benchmarker 3 data collection platform and a set of unique features that will enable MNOs to reduce complexity and costs while gaining more value from their collected data.

Market Impact: The introduction of unique features empowers Mobile Network Operators (MNOs) to streamline operations, minimize complexity, and optimize costs, contributing to the evolution of efficient and value-driven testing solutions in the market.

(Source: Rohde-schwarz)

5G Test Equipment Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Component
  • Type
  • End User Industry
  • Region

Key Companies Profiled

  • Keysight Technologies
  • Spirent Communications
  • Tektronix, Inc.
  • Anritsu Corporation
  • LitePoint
  • MACOM Technology Solutions
  • Viavi Solutions
  • Rohde & Schwarz
  • Teradyne, Inc.
  • National Instruments Corporation.
  • GL Communications Inc.
  • Exfo Inc.

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

5G Test Equipment Market Research Segmentation

By Component:

  • Network Analyzers
  • Signal Generators
  • Oscilloscopes
  • Spectrum Analyzers
  • Wireless Communication Test Sets
  • Others

By Type:

  • Sub-6 GHz
  • Millimeter Wave (mmWave)
  • Both Sub-6 GHz and mmWave

By End User Industry:

  • Telecommunications
  • Electronics Manufacturing
  • Aerospace and Defense
  • Automotive
  • Healthcare
  • Others

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

For report customisation and delivery information contact our sales representative.

Companies Covered in This Report

  • Keysight Technologies
  • Spirent Communications
  • Tektronix, Inc.
  • Anritsu Corporation
  • LitePoint
  • MACOM Technology Solutions
  • Viavi Solutions
  • Rohde & Schwarz
  • Teradyne, Inc.
  • National Instruments Corporation.
  • GL Communications Inc.
  • Exfo Inc.

Frequently Asked Questions

The global 5G testing equipment market is anticipated to grow at a CAGR of 6.9% during the projected period.

The global 5G test equipment market size is approximately US$2 billion as of 2023.

The US currently leads the global market for 5G test equipment.

Some of the prominent players in thisa market are Keysight Technologies, Spirent Communications, Tektronix, Inc., Anritsu Corporation, LitePoint, MACOM Technology Solutions, and Viavi Solutions.

The electronics manufacturing segment is projected to display the fastest growth rate in the market during the forecast period.

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