Global 5G Device Testing Market to Reach USD 2,722.05 Million by 2031 | CAGR of 7.6%
Category : IT And Telecommunications | Published Date : Oct 2024 | Type : Press Release
5G Device Testing Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the 5G Device Testing Market size was valued at USD 1,509.63 Million in 2023 and is projected to reach USD 2,722.05 Million by 2031, growing at a CAGR of 7.6% from 2024 to 2031. 5G device testing evaluates and validates the performance, functionality, and security of devices and networks operating on fifth-generation technology. It incorporates high-frequency bands, massive MIMO, and ultra-low latency features to ensure standardized performance and security, particularly relevant across telecommunication, healthcare, automotive, and manufacturing sectors.
The report comprises the 5G Device Testing Market Share, Size & Industry Analysis, By Type (Hardware Testing, Software Testing, Services), Equipment (Oscilloscopes, Signal Generators, Spectrum Analyzers, Network Analyzers), Device Type (Smartphones, IoT Devices, Connected Vehicles, Laptops, Tablets, Wearables, Routers and Modems, Drones), End-User (Manufacturers, Telecommunication, Healthcare, Automotive, Government), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on 5G Device Testing Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The growth in IoT and connected devices and advances in virtualized testing solutions are driving market growth. However, high costs of testing equipment present a notable restraint.
Segmental Analysis :
Based on type, the market is divided into hardware testing, software testing, and services.
- Hardware testing held the largest market share in 2023, driven by high-frequency analyzers and network simulators essential for evaluating 5G device performance.
Based on equipment, the market is segmented into oscilloscopes, signal generators, spectrum analyzers, and network analyzers.
- Spectrum analyzers accounted for the largest revenue share in 2023 due to their critical role in diagnosing frequency-related issues for effective 5G deployment.
Based on device type, the market includes smartphones, IoT devices, connected vehicles, laptops, tablets, wearables, routers and modems, and drones.
- Smartphones held the largest market share in 2023, supported by the demand for 5G-enabled devices to experience high-speed networks.
Based on end-user, the market is segmented into manufacturers, telecommunication, healthcare, automotive, and government.
- Telecommunication dominated the market in 2023 due to the extensive testing requirements for 5G networks, and is anticipated to grow fastest over the forecast period.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific led the market in 2023, driven by extensive telecom infrastructure and demand for advanced connectivity across industries.
- North America is expected to witness robust growth, benefiting from substantial investments in 5G infrastructure and network development.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 2,722.05 Million |
| CAGR (2024-2031) | 7.6% |
| By Type | Hardware Testing, Software Testing, Services |
| By Equipment | Oscilloscopes, Signal Generators, Spectrum Analyzers, Network Analyzers |
| By Device Type | Smartphones, IoT Devices, Connected Vehicles, Laptops, Tablets, Wearables, Routers and Modems, Drones |
| By End-User | Manufacturers, Telecommunication, Healthcare, Automotive, Government |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the 5G Device Testing Industry:
- Keysight Technologies (USA)
- Rohde & Schwarz (Germany)
- VIAVI Solutions (USA)
- Anritsu (Japan)
- National Instruments (USA)
- Ixia (USA)
- NI (National Instruments) (USA)
- Tessolve (India)
- Spirent Communications (UK)
- Qualcomm (USA)
- EXFO (Canada)
- Testonica Lab (Ukraine)
- Aemulus Holdings (Malaysia)
- LitePoint (USA)
Recent Industry Developments :
- In June 2024, Rohde & Schwarz introduced new testing equipment, enhancing capabilities for 5G device validation.
- In February 2023, Keysight Technologies launched the E7515R virtualized testing platform, enabling manufacturers to test 5G devices in real-world scenarios using cloud resources.
