5G Device Testing Market is expected to reach US$ 3.70 billion by 2030

5G Device Testing Market Analysis: Key Insights

According to our latest study on "5G Device Testing Market Global and Regional Share, Trends, and Growth Opportunity Analysis – by Component, End User, and Geography," the market is expected to grow from US$ 1.90 billion in 2022 to US$ 3.70 billion by 2030; it is estimated to expand at a CAGR of 8.7% from 2022 to 2030. Increasing usage of IoT and connected devices and growing adoption of 5G technology drive the 5G device testing market growth. However, a lack of global compliance and standardization in connectivity protocols is anticipated to hinder the 5G device testing market growth.

The Asia Pacific 5G Device Testing market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Asia Pacific will observe the fastest growth rate in the 5G device testing market. Asia Pacific is home to a sizable portion of the world's population, resulting in a large and diverse consumer base. The demand for 5G-enabled devices, such as smartphones, IoT devices, and other electronics, is is also rising in the region. According to the GSMA Mobile Economy APAC 2023 Report, 5G will account for more than two-fifths (41%) of mobile connections in Asia Pacific by 2030, up from 4% in 2022. Furthermore, enterprises across multiple industries are adopting 5G technology for applications such as Industry 4.0, smart cities, and healthcare, which is driving the demand for dependable 5G devices.

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The adoption of new technologies and advancements in businesses across industries is undergoing dynamic changes. 5G networks would be crucial in advanced technologies such as communication and applications such as smart cities and industrial automation. 5G connectivity is ideal for these applications as it allows several devices to connect at the same time and has low latency, improving overall system performance. Asia Pacific is expected to be the most important market for 5G device testing. The increasing number of smartphones and the constantly changing standards for next-generation telecommunication devices are driving the demand for test and measurement equipment. Furthermore, the China 5G Device Testing Market held the largest market share in 2022, while the India 5G Device Testing Market was the fastest-growing market in Asia Pacific.

Increasing Adoption of 5G Technology is Boosting the Market Growth.

The commercialization of 5G technology has boosted the demand for 5G testing equipment. Telecom operators, equipment manufacturers, and service providers are investing heavily in 5G networks, aiming to capitalize on the transformative capabilities of this next-generation technology. 5G technology supports an ample range of applications that require high speed, low latency, and massive connectivity, such as smart cities and IoT. Smart cities use 5G networks to enable various services such as smart transportation, smart energy, smart healthcare, and smart governance. IoT devices use 5G networks to communicate and exchange data with each other and with cloud platforms. These applications require 5G testing equipment that can ensure the quality of service, reliability, and security of 5G networks and devices. Therefore, the adoption of 5G testing equipment for smart cities and IoT applications is expected to grow in the future.

Based on end user, the market is segmented into telecom equipment manufacturers, original device manufacturers, telecom service providers, and others. In 2022, the telecom equipment manufacturer segment held the largest market share. Before network services are deployed, telecom equipment manufacturers perform 5G device testing on infrastructure devices such as consumer premise equipment and base stations, such as gateways, switches, routers, gNodeB (gNB), transceiver stations, small cells, and remote radio unit heads. 5G testing is increasingly being used in communications infrastructure. Conformance, interactive voice response (IVR), security, interoperability, interconnection, performance, protocol, and functional and automation testing are completed in this segment. 5G test equipment manufacturers offer a variety of tools to meet the testing needs of infrastructure providers.

5G Device Testing Market Analysis: Competitive Landscape and Key Developments

Anritsu, Artiza Networks Inc., Emite, Exfo Inc., GL Communications Inc., Intertek Group plc, Keysight Technologies, LitePoint, MACOM Technology Solutions, National Instruments Corp, Rohde & Schwarz, Spirent Communications, Tektronix Inc., Teradyne Inc, Trex Enterprise Corporation, and Viavi Solutions Inc. are a few of the key companies operating in the 5G Device Testing market. The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.

• In July 2023, with three transmit antennas, Samsung Electronics and MediaTek achieved an innovative 5G uplink breakthrough. Samsung Electronics and MediaTek have successfully tested 5G Standalone Uplink (UL) 2CC Carrier Aggregation (CA) with C-Band UL MIMO to achieve top uplink speeds, marking a breakthrough in wireless mobile capabilities. This method used three transmit (3Tx) antennas to improve upload experiences, ushering in a new era of global connectivity for consumers. With the rise of live streaming, multi-player gaming, and video conferences, the demands on uplink performance are increasing. As more customers seek to film and share their real-time experiences with the world, expanded uplink experiences allow them to use the network to improve how they map out their route home, check player stats online, and upload movies and pictures to share with friends and followers.
• In March 2023, Anritsu Corporation and Artiza Networks collaborated to develop a reliable Open RAN test solution. This strategic collaboration takes advantage of network point specifications in accordance with the Open RAN concept to achieve several key benefits. Cost reduction, the ability to source equipment from multiple vendors, and the deployment of Artificial Intelligence (AI) applications as a consistent driver of business prospects are a few examples. Both versatile network administrators and device manufacturers are actively advancing open RAN testing and implementation. This momentum has been fueled in large part by industry associations and initiatives, with the O-RAN Alliance playing a critical role in driving innovation and adoption in the telecommunications sector.

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