5G Tester Market valuation to exceed US$ 629 million in 2019 and is expected to register a CAGR of 16.7% between 2019-2027. The report further estimates the 5G tester market valuation to exceed US$ 629 million in 2019, witnessing a bullish 14.6% increase over the value attained in 2018.
In line with businesses seeking networks delivering faster connectivity at lower latency, telecommunication service providers, mobile device companies, and network equipment manufacturers are prioritizing 5G adoption.
Complementing the increasing priority of businesses for data transmission over private networks, global industrial giants are accelerating their move towards owning private 5G networks. While Audi is pioneering the trend of private 5G network ownership in collaboration with Ericsson, Daimler, BMW, and Volkswagen are most likely to follow the trend, thereby fueling demand for 5G testers in the years to come.
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Rapid Upsurge in 5G Trials to Propel 5G Tester Sales
The number of trials for effective 5G implementation has been on a constant rise in the recent past, particularly in the US, South Korea, Japan, the UK, and a few other countries. The report cites 5G trials as the key booster to demand growth of 5G tester in the global market. Developed regional markets will however showcase greater potential for 5G tester market growth owing to high capital investment associated with adoption of 5G testers.
The West of England Combined Authority recently hosted an event as a part of the 5G Smart Tourism Project. The project has been launched in partnership with 25 partners, which also include Aardman, BBC, and Bristol City Council among others. This and more such projects underway are projected to create a favorable growth scenario for the 5G tester market in years to come.
5G Tester Manufacturers Facing a Host of Challenges
FMI’s report has profiled some of the most prominent players operating in 5G tester market, including Keysight Technologies, Anritsu, VIAVI Solutions Inc., Spirent Communications, LitePoint, and Rohde & Schwarz among others. In tandem with 5G introduction, manufacturers of 5G tester are eyeing the emerging opportunities to develop end use-specific equipment.
5G technology implementation is in sight over the next few years. However, telecom industry veterans opine that the 5G technology evolution will bring along a set of accompanying challenges related to measurement and test in terms of design, validation, and manufacturing. This according to the report will be the key demand determinant for 5G tester.
Moreover, the focus of 5G technology developers on mmWave for mobile access is most likely to introduce a new set of testing challenges in the market, which prompts at growing necessitation of a new testing infrastructure in the near future. This will extend strong support to the growth of 5G tester market, according to FMI’s analysis.
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Key SegmentOn 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
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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