5G testing equipment market 2023-2027: A descriptive analysis of parent market, five forces model, market dynamics, and segmentation - Technavio
NEW YORK, Dec. 20, 2022 /PRNewswire/ -- According to Technavio, the global 5G testing equipment marketsize is estimated to grow by USD 515.76 million from 2022 to 2027. The market is expected to grow at a CAGR of 7.84% during the forecast period. Moreover, the growth momentum will progress. APAC will account for the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 31%.
Global 5G testing equipment market - Five forces The global 5G testing equipment market is fragmented, and the five forces analysis covers?
Bargaining power of buyers
The threat of new entrants
Threat of rivalry
Bargaining power of suppliers
Threat of substitutes
For interpretation of Porter's five forces model ? buy the report!
Global 5G testing equipment market - Parent market analysis
Technavio categorizes the global 5G testing equipment market as a part of the global communications equipment market, which covers manufacturers of enterprise networking products, including local area networks (LANs), wide area networks (WANs), routers, telephones, switchboards, and exchanges. Technavio calculates the size of the global communications equipment market by considering the revenue generated from sales of communication equipment, broadcasting equipment, telecommunication equipment, and investments made by telecommunication service providers to improve their communication infrastructure.
Global 5G testing equipment market ? Customer landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global 5G testing equipment market - Segmentation assessment
Segment overview Technavio has segmented the market based on application (oscilloscopes, signal generators, signal analyzers, network analyzers, and others), end-user (telecom equipment manufacturers, original device manufacturers, and telecom service providers), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The oscilloscopes segment will contribute significantly during the forecast period. Oscilloscopes are used to display and analyze the waveform of electronic signals. These devices draw a graph of the instantaneous signal voltage as a function of time. The observed waveform can be analyzed for properties such as amplitude, rise time, frequency, time interval, and distortion. The demand for oscilloscopes that support higher bandwidth applications will increase among electronics manufacturers with the rollout of 5G during the forecast period. As a result, several players are focusing on offering advanced oscilloscopes that facilitate the testing of 5G networks and devices. Therefore, the launch of advanced oscilloscopes will drive the growth of the oscilloscopes segment during the forecast period.
Geography overview
Based on geography, the global 5G testing equipment market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global 5g testing equipment market.
· APAC is estimated to account for 31% of the growth of the global market during the forecast period. The adoption of IoT is increasing in industrial applications in North America, especially in developed economies such as the US and Canada. In addition, the increasing adoption of wireless technologies in the US is driving market growth in the region. In addition, the increasing adoption of technologies such as video streaming and online payments is also driving the market growth. These factors will provide growth opportunities for vendors in the region.
The increasing demand for improved network capacity to access connected services is driving the 5G testing equipment market growth. The advent of high-speed 4G LTE wireless networks supports high-bandwidth M2M applications. The rollout of 4G LTE Machine (LTE-M) and LTE-Unlicensed (LTE-U) and 5G networks will enable faster transmission and higher volumes of data in smart ecosystems. Various applications such as traffic management, vehicle diagnostics, and video surveillance require 4G and 5G networks for seamless functioning. In addition, the adoption of commercial 5G networks is increasing across the world. These factors will contribute to the growth of the 5G test equipment market during the forecast period.
Leading trends influencing the market
Software-defined testing for 5G equipment is a key trend in the market. The test and measurement industry generally uses a software-defined approach to create flexible and efficient test sets for 5G equipment. Software modules enable engineers to develop test programs for multiple 5G technologies and standards. A software-defined approach will help combat 5G-related issues in the future. For instance, 5G NR prototyping is carried out for massive MIMO, mmWave, channel sounding, and waveform development via reprogrammable instrumentation tools. Thus, the increasing adoption of software-defined testing for 5G equipment will drive the growth of the market in focus during the forecast period.
Major challenges hindering the market growth
Challenges related to the deployment of 5G technology are impeding the 5G testing equipment market growth. 5G networks can use high frequencies in the range of 30 GHz to 300 GHz. Hence, the reduced latency in 5G has to be considered before deployment. Additional issues are likely to occur due to miniaturization techniques such as systems in the packaging (SiP) in 5G. Moreover, the connection between antennas, front-end modules (FEMs), and transceivers will cause variability. This will require advanced over-the-air (OTA) test methodologies to produce more repeatable results. Thus, 5G testing equipment will be required to test network-related glitches. Such factors will hinder the growth of the 5G testing equipment market during the forecast period.
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What are the key data covered in this 5G testing equipment market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the 5G testing equipment market between 2023 and 2027
Precise estimation of the size of the 5G testing equipment market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the 5G testing equipment market across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of 5G testing equipment market vendors
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The 5G MmWave technology market size is expected to increase to USD 674.1 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 31.8%. This report extensively covers segmentation by application (wired/fiber connection replacement, cellular backhaul/fronthaul, and others) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The 5G equipment market is estimated to grow at a CAGR of 66.5% between 2022 and 2027. The size of the market is forecasted to increase by USD 56,716.75 million. This report extensively covers market segmentation by product (macrocell, small cell, and others), end-user (non-retail sector and retail sector), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
5G Testing Equipment Market Scope
Report Coverage
Details
Page number
175
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 7.84%
Market growth 2023-2027
USD 515.76 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
6.71
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
APAC at 31%
Key countries
US, Canada, China, South Korea, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Analog Devices Inc., Anritsu Corp., Artiza Networks Inc., EXFO Inc., Fortive Corp., GL Communications Inc., Innowireless Co. Ltd., Intertek Group Plc, Keysight Technologies Inc., MACOM Technology Solutions Holdings Inc., Motorola Solutions Inc., National Instruments Corp., NetScout Systems Inc., PCTEL Inc., Rohde and Schwarz GmbH and Co. KG, Spirent Communications Plc, Telefonaktiebolaget LM Ericsson, Teradyne Inc., and Viavi Solutions Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 147: Intertek Group Plc - Business segments
Exhibit 148: Intertek Group Plc - Key news
Exhibit 149: Intertek Group Plc - Key offerings
Exhibit 150: Intertek Group Plc - Segment focus
12.10 Keysight Technologies Inc.
Exhibit 151: Keysight Technologies Inc. - Overview
Exhibit 152: Keysight Technologies Inc. - Business segments
Exhibit 153: Keysight Technologies Inc. - Key news
Exhibit 154: Keysight Technologies Inc. - Key offerings
Exhibit 155: Keysight Technologies Inc. - Segment focus
12.11 MACOM Technology Solutions Holdings Inc.
Exhibit 156: MACOM Technology Solutions Holdings Inc. - Overview
Exhibit 157: MACOM Technology Solutions Holdings Inc. - Product / Service
Exhibit 158: MACOM Technology Solutions Holdings Inc. - Key offerings
12.12 Motorola Solutions Inc.
Exhibit 159: Motorola Solutions Inc. - Overview
Exhibit 160: Motorola Solutions Inc. - Business segments
Exhibit 161: Motorola Solutions Inc. - Key offerings
Exhibit 162: Motorola Solutions Inc. - Segment focus
12.13 NetScout Systems Inc.
Exhibit 163: NetScout Systems Inc. - Overview
Exhibit 164: NetScout Systems Inc. - Business segments
Exhibit 165: NetScout Systems Inc. - Key news
Exhibit 166: NetScout Systems Inc. - Key offerings
Exhibit 167: NetScout Systems Inc. - Segment focus
12.14 PCTEL Inc.
Exhibit 168: PCTEL Inc. - Overview
Exhibit 169: PCTEL Inc. - Product / Service
Exhibit 170: PCTEL Inc. - Key offerings
12.15 Rohde and Schwarz GmbH and Co. KG
Exhibit 171: Rohde and Schwarz GmbH and Co. KG - Overview
Exhibit 172: Rohde and Schwarz GmbH and Co. KG - Product / Service
Exhibit 173: Rohde and Schwarz GmbH and Co. KG - Key offerings
12.16 Teradyne Inc.
Exhibit 174: Teradyne Inc. - Overview
Exhibit 175: Teradyne Inc. - Business segments
Exhibit 176: Teradyne Inc. - Key news
Exhibit 177: Teradyne Inc. - Key offerings
Exhibit 178: Teradyne Inc. - Segment focus
12.17 Viavi Solutions Inc.
Exhibit 179: Viavi Solutions Inc. - Overview
Exhibit 180: Viavi Solutions Inc. - Business segments
Exhibit 181: Viavi Solutions Inc. - Key offerings
Exhibit 182: Viavi Solutions Inc. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 183: Inclusions checklist
Exhibit 184: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 185: Currency conversion rates for US$
13.4 Research methodology
Exhibit 186: Research methodology
Exhibit 187: Validation techniques employed for market sizing
Exhibit 188: Information sources
13.5 List of abbreviations
Exhibit 189: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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