The market for 5G tester is still in the budding stage of development and is presumed to register swift growth on complete commercialization. The global 5G tester market is poised to register double-digit CAGR (15.7%) between 2021 and 2029, reaching US$ 1,975.6 Mn by 2029.
Currently, the value contribution from North America to the global 5G tester market is highest, followed by Europe and Asia Pacific respectively. The U.S. driving the overall market trend will account for over 90% of the total North America market value by the end of 2021. The leading position of the U.S. will be on the back of multitude of research and testing carried out for deployment & successful commercialization of 5G network technology in the country. The U.S. is house to large number of established telecom service and network providers like AT&T, Verizon Wireless, etc. that are rigorously conducting network testing activities in a bid to implement a reliable and secure 5G network. Thus, the U.S. being one of the earliest adopters of 5G-network technology is expected to drive market demand, especially during the first half of the forecast period. On the flip side, as the network technology evolves beyond early adopters stage, Asia Pacific is expected to become the most profitable business destination for 5G tester manufacturers during the forecast period from 2021 to 2029. Countries including China, Japan, South Korea, and Australia are spending huge amounts in developing 5G infrastructure. For instance, China has laid down a five-year plan covering a US$ 400 million budget for 5G-associated investments.
While IT & Telecom remains the highest value-contributing segment, adoption of 5G technology and related testing equipment in the automotive segment is expected to surge, paving way for investments by participants across the value chain. Advancements in network technology are expected to accelerate further developments in the automotive industry, promoting autonomous vehicles and ‘connected car’ concept. In addition to automotive, rigorous testing of 5G technology is also being carried out for other applications in fields including healthcare, construction (remote control), entertainment, agriculture, security, consumer electronics, and agriculture among others.
Some of the leading manufacturers profiled in the research study include Keysight Technologies, Anritsu, Rohde & Schwarz, Spirent Communications, VIAVI Solutions Inc., LitePoint, Polaris Networks, Artiza Networks, Inc., T&VS Limited, Analog Devices, Inc., Tektronix, Inc., and Teledyne Technologies among others.
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2021 to 2029, considering 2021 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2021 to 2029.
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North America to remain the largest 5G tester market; Asia Pacific to Register Strong Growth
Currently, the value contribution from North America to the global 5G tester market is highest, followed by Europe and Asia Pacific respectively. The U.S. driving the overall market trend will account for over 90% of the total North America market value by the end of 2021. The leading position of the U.S. will be on the back of multitude of research and testing carried out for deployment & successful commercialization of 5G network technology in the country. The U.S. is house to large number of established telecom service and network providers like AT&T, Verizon Wireless, etc. that are rigorously conducting network testing activities in a bid to implement a reliable and secure 5G network. Thus, the U.S. being one of the earliest adopters of 5G-network technology is expected to drive market demand, especially during the first half of the forecast period. On the flip side, as the network technology evolves beyond early adopters stage, Asia Pacific is expected to become the most profitable business destination for 5G tester manufacturers during the forecast period from 2021 to 2029. Countries including China, Japan, South Korea, and Australia are spending huge amounts in developing 5G infrastructure. For instance, China has laid down a five-year plan covering a US$ 400 million budget for 5G-associated investments.
Automotive Segment Touted to Offer Significant Growth Opportunities throughout the Forecast Period
While IT & Telecom remains the highest value-contributing segment, adoption of 5G technology and related testing equipment in the automotive segment is expected to surge, paving way for investments by participants across the value chain. Advancements in network technology are expected to accelerate further developments in the automotive industry, promoting autonomous vehicles and ‘connected car’ concept. In addition to automotive, rigorous testing of 5G technology is also being carried out for other applications in fields including healthcare, construction (remote control), entertainment, agriculture, security, consumer electronics, and agriculture among others.
Key Players:
Some of the leading manufacturers profiled in the research study include Keysight Technologies, Anritsu, Rohde & Schwarz, Spirent Communications, VIAVI Solutions Inc., LitePoint, Polaris Networks, Artiza Networks, Inc., T&VS Limited, Analog Devices, Inc., Tektronix, Inc., and Teledyne Technologies among others.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2021 to 2029, considering 2021 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2021 to 2029.
Key questions answered in this report
- What will be the global 5G tester market value in 2020?
- What are the estimated forecast and market projections for the global 5G tester market from 2021 up to 2029?
- Which is the largest 5G tester market in terms of geography?
- Which product type contributes to the largest revenue worldwide?
- Which end-use vertical has the highest 5G tester penetration?
- Which end-use vertical will be the most attractive segment for manufacturers to invest?
- Predominant trends shaping the global 5G tester market worldwide
- Who are the leading manufacturers in the global 5G tester market worldwide?
- What are the key strategies adopted by the leading manufacturers in the global 5G tester market?
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Table of Contents
1. Preface
2. Executive Summary
3. Global 5G Tester Market Analysis
4. Global 5G Tester Market Value, By Product Type , 2019 - 2029 (US$ Mn)
5. Global 5G Tester Market Value, By End-user , 2019 - 2029 (US$ Mn)
6. Global 5G Tester Market Value, By End-use Vertical, 2019 - 2029 (US$ Mn)
7. North America 5G Tester Market Analysis, 2019 - 2029 (US$ Mn)
8. Europe 5G Tester Market Analysis, 2019 - 2029 (US$ Mn)
9. Asia Pacific 5G Tester Market Analysis, 2019 - 2029 (US$ Mn)
10. Rest of World 5G Tester Market Analysis, 2019 - 2029 (US$ Mn)
11. Company Profiles
Companies Mentioned
- Keysight Technologies
- Anritsu
- Rohde & Schwarz
- Spirent Communications
- VIAVI Solutions Inc.
- LitePoint
- Polaris Networks
- Artiza Networks Inc.
- T&VS Limited
- Analog Devices Inc.
- Tektronix Inc.
- Teledyne Technologies
