5G testing equipment market size worth $3.46bn by 2027
The global 5G testing equipment market size is predicted to reach $3.46bn by 2027 according to a new study by Polaris Market Research. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
The report is titled ‘5G Testing Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment Type (Oscilloscopes, Signal and Spectrum Analysers, Vector Signal Generators, Network Analysers, Others); By Source (New and Rental); By End User (Telecom Equipment Manufacturers, Original Device Manufacturers (ODMs), Telecom Service Providers, Others); By Regions; Segment Forecast, 2020 –2027’.
5G testing equipment is one of the advanced technologies in terms of mobile phones and network connectivity. Evolution in region of network connectivity straight from 2G, 3G, to 4G and the current version of 5G, and updated network technology. 5G is the advanced generation in the sequence of cellular communication technologies, operating in excessive radio frequency bands, allowing novel usage framework beyond current mobile broadband.
Recent developments in the global market include Keysight N9952A FieldFox Handheld Microwave Analyser, 50GHz, Keysight N9040B UXA Signal Analyser, 2Hz to 50GHz, Anritsu MT1000A OTDR / CPRI Kit for Verizon Tower Testing, Consultix 5G Portable CW Transmitter, Rohde & Schwarz SMW200A Vector Signal Generator 3 GHz or 6 GHz.
Moreover, continuous investment in Research and development activities also fueling the market growth. For instance, In February 2020, Cavli, a IoT hardware solution provider, announced the release of its 5G testing network within the India. The release of 5G technologies is predicted to have a transformative impact, mainly in smart regions and industries, globally. The company’s research and development is established at the Cochin.
The major factors driving the market growth include rising demand of smartphones and other connected equipment with upgraded features and surging demand for single network to allow various industries coupling with growing new developments. Inflating demand of 5G in segments including entertainment, construction, automotive, medical, security, and many more is building a requirement for using 5G testing equipment.
Players in the market are emphasising on new product innovations, growing expansions, collaborations and partnerships to improve their market share and product portfolio. For instance, in July 2020, Reliance Communications, declared that Jio was developing a homegrown 5G solution. According to their claim, the company’s 5G solution will be built in India to promote Make in India initiative. Through this Reliance Jio will release world class 5G service within the home country
Similarly, in May 2020, Rohde & Schwarz collaborated with Digita, a Helsinki-based telecommunication organisation, to achieve the Digital Video Broadcasting of Second Generation Terrestrial (DVB-T2) network upgrade all over Finland. Rohde & Schwarz has provided nearly 80 ultra-high frequency (UHF) HD transmitters. This amalgamation aided Digita to improve its power efficiency and redundancy all over the new network. Both the two firms have also commenced a 5G broadcast trial in the Greater Helsinki region.