The market for 5G tester is still in the budding stage of development and is presumed to register swift growth on complete commercialization. The global 5G tester market is poised to register double-digit CAGR (15.7%) between 2021 and 2029, reaching US$ 1,975.6 Mn by 2029. 

"North America to remain the largest 5G tester market; Asia Pacific to Register Strong Growth"

Currently, the value contribution from North America to the global 5G tester market is highest, followed by Europe and Asia Pacific respectively. The U.S. driving the overall market trend will account for over 90% of the total North America market value by the end of 2021. The leading position of the U.S. will be on the back of multitude of research and testing carried out for deployment & successful commercialization of 5G network technology in the country. The U.S. is house to large number of established telecom service and network providers like AT&T, Verizon Wireless, etc. that are rigorously conducting network testing activities in a bid to implement a reliable and secure 5G network. Thus, the U.S. being one of the earliest adopters of 5G-network technology is expected to drive market demand, especially during the first half of the forecast period. On the flip side, as the network technology evolves beyond early adopters stage, Asia Pacific is expected to become the most profitable business destination for 5G tester manufacturers during the forecast period from 2021 to 2029. Countries including China, Japan, South Korea, and Australia are spending huge amounts in developing 5G infrastructure. For instance, China has laid down a five-year plan covering a US$ 400 million budget for 5G-associated investments.

"Automotive Segment Touted to Offer Significant Growth Opportunities throughout the Forecast Period"

While IT & Telecom remains the highest value-contributing segment, adoption of 5G technology and related testing equipment in the automotive segment is expected to surge, paving way for investments by participants across the value chain. Advancements in network technology are expected to accelerate further developments in the automotive industry, promoting autonomous vehicles and ‘connected car’ concept. In addition to automotive, rigorous testing of 5G technology is also being carried out for other applications in fields including healthcare, construction (remote control), entertainment, agriculture, security, consumer electronics, and agriculture among others. 

Key Players:

Some of the leading manufacturers profiled in the research study include Keysight Technologies, Anritsu, Rohde & Schwarz, Spirent Communications, VIAVI Solutions Inc., LitePoint, Polaris Networks, Artiza Networks, Inc., T&VS Limited, Analog Devices, Inc., Tektronix, Inc., and Teledyne Technologies among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of 5G Tester market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the 5G Tester market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of 5G Tester market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the 5G Tester market?
• Which is the largest regional market for 5G Tester market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving 5G Tester market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the 5G Tester market worldwide?