5G Tester Market Set for Robust 16.7% CAGR Through 2027, Driven by Demand for Faster Connectivity and Remote Work Needs

5G Tester Market
5G Tester Market

A recent study by Future Market Insights projects the 5G tester market to grow at an impressive 16.7% CAGR from 2019 to 2027. The COVID-19 pandemic has further accelerated market potential, as the shift to remote work has heightened demand for optimized network performance and supporting technologies. However, some lockdown measures have temporarily limited 5G testing in certain countries.

5G Tester Market – Key Takeaways

  • Digital oscilloscopes are anticipated to gain strong demand owing to analog to digital conversion requirements during 5G rollouts.
  • Mobile network testing applications will witness fast growth, driven by high penetration of smartphones and tablets on a global scale.
  • Asia Pacific is likely to provide lucrative opportunities, largely driven by development efforts by Chinese and Japanese telecommunications players.

5G Tester Market – Key Growth Factors

  • The complexity of the technological transition between 4G and 5G network standards is a major factor driving the adoption of 5G testers.
  • Massive strides in the commercialization of 5G networks in countries such as Japan, UK, and the U.S., boosts demand for testers in experimental settings.

5G Tester Market – Key Constraints

  • High deployment costs of 5G testing equipment is a challenge for market players.
  • Concerns about security and varying 5G standards could potentially hold back market growth.

The Anticipated Impact of Coronavirus

The coronavirus has had a significant impact on the development and rollout of 5G technologies. Widespread use of cloud and internet-based services, for remote work research applications in a number of fields such as domestic security, healthcare, logistics, education, and manufacturing, which will positively influence the 5G tester market during the coronavirus crisis. However, the growth is likely to be limited by postponed 5G rollouts in countries that have imposed nationwide lockdowns.

Competition Landscape

Players in the 5G tester market include but are not limited to Rohde & Schwarz, Keysight Technologies, LitePoint, Anritsu, Spirent Communications, and Viavi Solutions Inc.

Manufacturers in the 5G tester market are emphasizing on research and development efforts for product innovations in terms of functionality and gain an edge in a highly competitive market landscape.

For instance, LitePoint unveiled a new wireless, turnkey software tool for verification of products utilizing 5G cellular modules. Hewlett Packard Enterprise has announced the launch of its 5G lab including 5G Core Stack package for network equipment providers and telecom operators. Further, Rohde & Schwarz has collaborated with Marvin Test Solutions for a testing system to verify 5G ICs.

Key Segment

On the basis of product type

  • network analysers
  • signal analysers
  • signal generators
  • oscilloscope

On the basis of end-user

  • network equipment manufacturers
  • mobile device manufacturers
  • telecommunication service provider

On the basis of industry

  • IT & telecommunication
  • automotive
  • healthcare
  • media & entertainment
  • others

Report Preview: https://www.futuremarketinsights.com/reports/5g-tester-market

About Future Market Insights (FMI)       

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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