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5G Device Testing Market Size

Report ID: GMI5633
Published Date: May 2023
Report Format: PDF

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5G Device Testing Market Size

5G Device Testing Market size was valued at over USD 1.5 billion in 2022 and is anticipated to grow at a CAGR of over 7% between 2023 and 2032. The industry growth is attributed to the increasing usage of IoT and connected devices.

5G Device Testing Market

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5G applications are growing at a constant rate due to the rising usage of IoT and linked devices. Additionally, it is convenient to utilize 5G device testing equipment for the deployment of 5G technology due to the increased accessibility of huge data centers. The commercialization of 5G technology has boosted the demand for 5G testing equipment. The demand for 5G device testing is likely to rise as 5G becomes more widely available in various industries such as security, construction, entertainment, and automobile. The 5G Device Testing Market is expected to grow during the projected period with constant research & development to make it more application-oriented and industry-compliant.

5G Device Testing Market Report Attributes
Report Attribute	Details
Base Year:	2022
5G Device Testing Market Size in 2022:	USD 1.5 Billion
Forecast Period:	2022 to 2032
Forecast Period 2022 to 2032 CAGR:	7%
2032 Value Projection:	USD 3.5 Billion
Historical Data for:	2018 - 2022
No. of Pages:	200
Tables, Charts & Figures:	259
Segments covered:	Equipment, Revenue, End User, and Region
Growth Drivers:	Increasing usage of IoT and connected device Need for high speed and low latency connectivity Emergence of new use cases Increasing adoption of 5G technology
Pitfalls & Challenges:	High cost of equipment and lack of skilled workforce Regulatory challenges

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The cost of 5G device testing equipment is high, which can be a barrier to market share. Businesses should anticipate a large increase in component costs when 5G technology is used in the processes which impedes the expansion of the 5G device testing sector. A workforce with specific skill sets is needed to create, manage, and deploy the complicated 5G device testing equipment. The lack of qualified workers in this industry might also hamper the 5G device testing growth.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size for 5G device testing was over USD 1.5 billion in 2022 and will record more than 7% CAGR from 2023-2032 due to the increasing usage of IoT and connected devices

Spectrum analyzers held more than 25% of the 5G device testing market share in 2022 owing to the surging need for screening and measuring the signal amplitudes.

Asia Pacific 5G device testing size is likely to record over 8% CAGR from 2022-2032 due to the strong presence of some of the largest and fastest-growing industrialized economies in the region.

Anritsu, Keysight Technologies, Rohde & Schwarz, Teradyne Inc, National Instruments Corp, Tektronix Inc., Viavi Solutions Inc., Artiza Networks Inc., MACOM Technology Solutions, Intertek Group plc, and LitePoint are a few prominent 5G device testing companies.