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5G testing equipment is used to test and measure the 5G system infrastructure such as bandwidth, electric signals, network, efficiency, and other related parameters. The rapid growth in connected devices and machines is boosting the demand for efficient internet infrastructure. The industries across the globe are extensively adopting connected technology to gain operational proficiency and competency. This is driving the demand for tested 5G infrastructure in the near future. The increasing demand for enhanced network connectivity is likely to drive the 5G testing equipment market.
The growing 5G implementation is boosting the need for efficient infrastructure. The component manufacturer, network providers are focusing on providing quality tested 5G products. This boosts the demand for standardized product structure. The growing demand for high speed and bandwidth will require uniform and test infrastructure. Similarly, the concern regarding data security and privacy is growing will support in demand for quality tested products and services.
Key Market Driver -
• Exponential growth if 5G connectivity across the globe is likely to drive the market growth • Increasing data traffic over the network to boost the demand for 5G testing equipment
Key Market Restraint -
• Requirement of technical expertise is likely to challenge the growth of the market
In the market, some of the players are Anritsu Corporation, Rohde & Schwarz GmbH., Artiza Network Inc., EXFO Inc., Intertek Group Plc., Keysight Technologies Inc., MACOM Technology Solutions Holding Inc., Trex Enterprise Corporation., Fortive Corporation.,Skilu Communication Ltd.among others. The companies are highly focusing on providing new advanced testing solutions. The companies are expanding businesses through strategic acquisition and collaboration.
North America to dominate 5G testing equipment during the forecast period. The increasing adoption of 5G network and infrastructure is boosting market growth in the region. US is likely to gain traction owing to the significant presence of 5G service providers. The industries in the country such as retail, defence, BFSI, automotive and more are highly investing in 5G infrastructure. This is likely to drive the market growth. Europe is also witnessing surge in 5G testing equipment. Vodafone launched 5G network in 15 cities of Spain, whereas EE rolled out 5G network in six major cities of UK in 2019. The growing demand for better network connection and bandwidth is driving the market in the region.
Asia Pacific is likely to grow exponentially during the forecast period owing to the increasing demand for the connected and smart devices. The region is witnessing rapid growth in adoption of technologies such as artificial intelligence, virtual and augmented reality, internet of things, and more. China is expected to gain maximum revenue share in the Asia Pacific region, owing to the presence of key device, chipset, and other hardware manufacturers. This is likely to boost the need for 5G testing equipment. Similarly, Middle East and Africa are witnessing high investment by the 5G network providers. The GCC countries were the early adopter of commercial 5G services in the 2019 year, according to the Erricson 2019 report. Latin America is expected to grow steadily during the forecast period.
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