The global 5G testing market valuation is expected to be around USD 3.6 billion in 2024. The demand for 5G testing is forecast to grow at a notable rate of 8.2% through 2034. The global market research report on 5G testing further predicts the total market value to reach up to USD 7.8 billion by 2034 end.
The global 5G testing industry and services are gaining federal support to make sure the networks are meeting performance requirements and providing the promised high-speed connection.
Market Trends & Analysis
Report Attribute | Details |
---|---|
Market Revenue (2024) | USD 3.6 billion |
Market Anticipated Forecast Value (2034) | USD 7.8 billion |
Market Projected Growth Rate (2024 to 2034) | 8.2% CAGR |
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5G testing as a service began before 2019 as many mobile network testing and optimization companies were aiding enterprises engaged in 5G research and development.
By the end of 2019, the net revenue generated from global demand for 5G testing equipment and services was figured out to be around USD 2.1 billion. The rollout of 5G network testing and validation of the 5G spectrum accelerated in the following years, driving the demand for such services at 11.4% CAGR.
Attributes | Details |
---|---|
Market Size (2019) | USD 2.1 billion |
Market Size (2023) | USD 3.2 billion |
Market (CAGR 2019 to 2023) | 11.4% CAGR |
The 5G testing equipment and solutions are expected to gain more traction due to the proliferation of IoT or IIoT devices and the growth in linked devices. Such technologies have amplified the use of specialized testing services to guarantee that 5G networks can manage various traffic kinds and connection requirements.
Network slicing enables the development of virtualized, specially designed network segments for certain uses and has expanded the scope of the global 5G testing industry. This new technology is expected to propel the market by increasing the demand for protocol and interference testing to guarantee that network slicing is implemented and performed correctly.
The table below illustrates the expected growth rate for the 5G technology testing within different territorial boundaries. The rapid expansion of 5G network services in Asia is anticipated to drive the regional markets of China, Japan, and South Korea at a greater pace. Meanwhile, North American and European countries like the United States and the United Kingdom are expected to witness a relatively slower growth rate due to market saturation.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 8.4% |
China | 9.2% |
United Kingdom | 8.6% |
Japan | 9.3% |
South Korea | 9.5% |
Prominent factors that are anticipated to drive the United States 5G testing market at 8.4% CAGR between 2024 and 2034 include:
Leading factors that are expected to retain the growth rate of China's 5G testing market at 9.2% till 2034 include:
The table below lists the predicted net worth of the regional markets for 5G performance testing by 2034. The United States is observed to retain its dominance through the projected time frame, followed by China. The 5G testing market in Japan is expected to emerge as lucrative with a higher CAGR and a forecast valuation to compete with China.
Regional Market Size | Market Size by 2034 (by Value) |
---|---|
United States | USD 1.4 billion |
China | USD 1.2 billion |
United Kingdom | USD 315.1 million |
Japan | USD 878.5 million |
South Korea | USD 429.1 million |
Based on different offerings by 5G testing market participants, the 5G testing hardware constitutes the leading segment, which is predicted to grow at 8% through 2034.
Attributes | Details |
---|---|
Top Offering Type or Segment | Hardware |
Market Segment CAGR from 2024 to 2034 | 8% |
Market Segment CAGR from 2019 to 2023 | 11.2% |
Some of the key trends propelling the 5G testing device or hardware segment include:
Among the different end-use industries requiring testing solutions for 5G networks, IDMs and ODMs are the leading demand generators and are poised to expand at 7.8% CAGR till 2034.
Attributes | Details |
---|---|
Top End-use Industry Segment | IDMs & ODMs |
Market Segment CAGR from 2024 to 2034 | 7.8% |
Market Segment CAGR from 2019 to 2023 | 11.1% |
Some of the notable factors that have increased the demand for 5G test equipment by this segment include:
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The competition among telecom carriers and equipment makers to capture the rapidly expanding and evolving 5G market has resulted in the emergence of many new players in a very short time. So, the global market can be observed to be fragmenting fast. Emerging market players are also eagerly collaborating and partnering with leading industries for 5G research and development to consolidate their market share.
Recent Developments
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 3.6 billion |
Projected Market Size (2034) | USD 7.8 billion |
Anticipated Growth Rate (2024 to 2034) | 8.2% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; the Middle East & Africa (MEA); East Asia; South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Offering, By End Use, and By Region |
Key Companies Profiled | Accedian; Accuver; Anokiwave, Inc.; Anritsu; Aritza Networks, Inc.; Cohu, Inc.; Consultix Wireless; Emite; Exfo, Inc.; Gao Tek & GAO Group, Inc; GI Communications, Inc.; Innowireless Co Ltd.; Keysight Technologies; Macom; Marvin Test Solutions, Inc.; National Instruments Corp.; Pctel, Inc.; Rohde & Schwarz; Simnovus; Spirent Communications |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global 5G testing market value in 2024 is estimated to be USD 3.6 billion in 2024.
The global 5G testing market is to grow at 8.2% during the forecast period.
The global 5G testing market is predicted to be valued at USD 7.8 billion by 2034.
The global 5G testing market was valued at USD 3.2 billion in 2023.
The United States accounts for nearly 45% of the revenue share of the global market.
South Korea is predicted to witness a CAGR of 9.5% in sales of 5G testing through 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Offering 5.1. Hardware 5.2. Service 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-User Industry 6.1. IDMs & ODMs 6.2. Telecom Equipment Manufacturers 6.3. Telecom Service Providers 6.4. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Accedian 17.2. Accuver 17.3. Anokiwave, Inc. 17.4. Anritsu 17.5. Aritza Networks, Inc. 17.6. Cohu, Inc. 17.7. Consultix Wireless 17.8. Emite 17.9. Exfo Inc. 17.10. Gao Tek & Gao Group Inc. 17.11. Gl Communications Inc. 17.12. Innowireless Co. Ltd. 17.13. Keysight Technologies 17.14. Macom 17.15. Marvin Test Solutions, Inc. 17.16. National Instruments Corp. 17.17. Pctel, Inc. 17.18. Rohde & Schwarz 17.19. Simnovus 17.20. Spirent Communications 18. Assumptions & Acronyms Used 19. Research Methodology
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