Global 5G Testing Equipment Market Size to develop at 16% CAGR through 2028

By Sachin Pashte  | Date: December 27, 2022

Global 5G Testing Equipment Market Size to develop at 16% CAGR through 2028

As per the reliable knowledge of experts, global 5G Testing Equipment Market accounted for USD 1.3 billion in 2021 and is expected to develop at a CAGR of around 16% over the forecast period of 2022-2028.

The expanding telecommunications user base, robust research & development efforts, and promotion of the deployment of 5G networks & software-defined testing are some of the important factors propelling the growth of global 5G testing equipment market.

It is worth mentioning that the coronavirus began to spread rapidly in 2020, and the subsequent COVID-19 wave emerged shortly after. Big corporations altered their management strategies which had a significant impact on the markets. Moreover, the 2022 Russo-Ukrainian War and the UK's hasty exit from the European Union added to the already high degree of global instability.

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However, it is projected that the global economy would gather up steam & the market will likely recover in the ensuing years, given the success of vaccination initiatives.

Based on type, global 5G testing equipment market is bifurcated into vector signal generators, signal & spectrum analyzers, oscilloscopes, and others (network analyzers, etc.) Moving on to the application spectrum, the industry is segmented into network optimization, network maintenance, and network construction.

With respect to the end-user spectrum, the marketplace is segregated into telecom service providers, original device manufacturers, telecom equipment manufacturers, and others (automotive, etc.)

Speaking geographically, North America region is expected to capture a substantial market share in the ensuing years, owing to the expansion of 5G network infrastructure deployments as well as the existence of significant network service providers who introduced 5G test equipment earlier than usual.

PRISMA Telecom Testing S.r.l., Siklu Communications Ltd., Trex Enterprises Corporation, Viavi Solutions Inc., Teradyne Inc., Rohde & Schwarz GmbH & Co KG, MACOM Technology Solutions, Keysight Technologies Inc., Intertek Group plc, Fortive Corp., EXFO Inc., Artiza Networks Inc., and Anritsu Corporation are the leading companies operating in global 5G testing equipment industry.

Question & Answer: Global 5G Testing Equipment Market

Question 1: Which factors are promoting global 5G testing equipment market growth?

Answer: The expanding telecommunications user base, research & development efforts, and promotion of the deployment of 5G networks & software-defined testing are some of the more important factors propelling the expansion of global 5G testing equipment market.

Question 2: How is the North America region contributing to global 5G testing equipment industry growth?

Answer: the expansion of 5G network infrastructure deployments as well as the existence of significant network service providers who introduced 5G test equipment earlier than usual are impelling the demand in North America, thus contributing to overall industry growth.

Question 3: Which firms does the competitive landscape of global 5G testing equipment market include?

Answer: PRISMA Telecom Testing S.r.l., Siklu Communications Ltd., Trex Enterprises Corporation, Viavi Solutions Inc., Teradyne Inc., Rohde & Schwarz GmbH & Co KG, MACOM Technology Solutions, Keysight Technologies Inc., Intertek Group plc, Fortive Corp., EXFO Inc., Artiza Networks Inc., and Anritsu Corporation are the leading firms operating in global 5G testing equipment industry.

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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