5G Testing Market by Offering (Hardware, Service), End-user Industry (IDMs & ODMs, Telecom Equipment Manufacturers, Telecom Service Providers), and Region (North America, Europe, Asia Pacific and Rest of the World) - Global Forecast to 2028
[244 Pages Report] The global 5G Testing Market is expected to be valued at USD 3.5 Billion in 2023 and is projected to reach USD 5.2 Billion by 2028; it is expected to grow at a CAGR of 8.2% from 2023 to 2028.
Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are the major growth strategies the market players adopt. These strategies have enabled them to efficiently fulfill the growing demand for 5G testing from different end-user industries and expand their global footprint by offering products in all the major regions.
5G Testing Market Forecast to 2028
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5G Testing Market Dynamics
Driver: Increasing demand for high-speed data transfer
The demand for high-speed data transfer necessitates rigorous testing of 5G networks to ensure their capacity and throughput capabilities. Network operators and service providers need to validate that the networks can handle the increasing data traffic and deliver the promised data transfer speeds. Testing helps identify any bottlenecks or performance issues that may hinder the network's ability to meet the high-speed data transfer requirements. To achieve high-speed data transfer, 5G networks require effective optimization. Testing plays a crucial role in identifying areas of the network that need optimization to enhance data transfer speeds.
Restraint: High Cost
Setting up and maintaining a 5G testing environment requires significant investment in infrastructure, including base stations, antennas, and network equipment. The cost can vary based on the size of the testing area and the number of testing sites. Specialized testing equipment is necessary to evaluate the performance and reliability of 5G networks. This includes spectrum analyzers, signal generators, channel emulators, and network analyzers. The cost of these instruments can be substantial.
Opportunity: Rising demand for 5g networks in automobiles, smart cities, and healthcare
5G technology is expected to play a crucial role in the development of autonomous vehicles and connected car applications. Testing becomes vital to ensure the reliability, low latency, and high-speed connectivity required for these applications. 5G testing can help assess the performance of vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2X) communications and evaluate the security and reliability of connected car services. As the automotive industry increasingly adopts 5G technology, the demand for testing services and solutions specific to this industry will grow.
5G networks are crucial to enabling the infrastructure and services in smart cities, such as intelligent transportation systems, public safety applications, energy management, and smart grid solutions. Testing ensures seamless connectivity, network reliability, and interoperability across various devices, sensors, and applications. As cities worldwide invest in transforming into smart cities, the need for robust 5G testing solutions will increase.
Challenge: Complex network infrastructure
5G networks employ a heterogeneous architecture consisting of multiple frequency bands, small cells, massive MIMO (Multiple Input Multiple Output) systems, and network slicing. This diversity introduces complexities in testing, as each component requires specific testing methodologies and tools. Ensuring seamless interoperability and performance across these heterogeneous elements is challenging for the testing market.
5G networks utilize millimeter-wave frequencies (mmWave) for enhanced capacity and throughput. However, mmWave signals have a shorter range and are more susceptible to blockages. Testing the performance and coverage of mmWave frequencies poses challenges regarding signal propagation, interference, and antenna design. Specialized testing equipment and expertise are required to address these challenges.
5G Testing Market Ecosystem
The 5G testing market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Anritsu, Keysight Technologies, Teradyne Inc., National Instruments Corporation, and Spirent Communications.
Based on hardware, the spectrum analyzers market for device testing to hold the highest market share during the forecast period
5G networks operate across a wide frequency range, including traditional cellular bands, sub-6 GHz frequencies, and mmWave bands. Spectrum analyzers are essential tools for analyzing and measuring the frequency spectrum, identifying signal interference, and ensuring proper allocation and utilization of the available frequency bands. With the increased complexity of 5G frequency bands, the demand for spectrum analyzers is expected to grow. In 5G networks, spectrum analyzers play a crucial role in analyzing signal quality, identifying noise sources, and assessing the network’s overall performance.
Telecom equipment manufacturers’ end-user industry for the 5G Testing Market to grow at the highest CAGR from 2023 to 2028
The exponential growth in data traffic, driven by the proliferation of connected devices, IoT applications, video streaming, and cloud computing, has resulted in a higher demand for network infrastructure. Telecom equipment manufacturers provide the essential components, such as base stations, antennas, routers, switches, and optical fiber equipment, that form the backbone of communication networks. As network operators upgrade and expand their infrastructure to meet the growing data demands, the market for telecom equipment manufacturers expands.
The rollout of 5G networks is a significant driver for the growth of telecom equipment manufacturers. 5G technology requires new and advanced infrastructure components to support higher data speeds, low latency, and increased connectivity. Telecom equipment manufacturers develop and provide the necessary 5G-specific equipment, such as 5G base stations, Massive MIMO systems, and advanced antenna solutions. As 5G deployments continue globally, the demand for telecom equipment manufacturers' products increases.
5G Testing Market in Asia Pacific to hold the highest CAGR during the forecast period
Asia Pacific is at the forefront of 5G network deployments, with several countries actively rolling out 5G infrastructure. Countries like China, South Korea, and Japan have made significant progress deploying 5G networks, creating a strong demand for 5G testing solutions. The large-scale deployment of 5G networks in these countries and others in the region has fueled the growth of the 5G testing market.
The Asia Pacific region has a massive population and a rapidly growing mobile subscriber base. The increasing number of mobile subscriptions, coupled with the growing consumption of data-intensive applications and services, has led to a surge in data traffic. To accommodate this increasing demand and ensure the performance and reliability of 5G networks, extensive testing is required. As a result, the demand for 5G testing services and solutions has risen significantly in the region.
Various industry verticals in the Asia Pacific region, including manufacturing, healthcare, automotive, and smart cities, are actively adopting 5G technology to transform their operations. These industries require specialized testing to validate the performance, security, and reliability of their 5G-enabled applications and services. The demand for industry-specific testing solutions has driven the growth of the 5G testing market in Asia Pacific.
5G Testing Market by Region
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Key Market Players:
The 5G testing companies is dominated by players such as Anritsu (Japan), Keysight Technologies (US), Teradyne Inc. (US), National Instruments Corporation (US), Spirent Communications (UK), and others.
5G Testing Market Report Scope:
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Report Metric |
Details |
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Estimated Market Size in 2023 |
USD 3.5 Billion |
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Projected Market Size in 2028 |
USD 5.2 Billion |
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Growth Rate |
CAGR of 8.2% |
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Market size available for years |
2019-2028 |
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Base year considered |
2022 |
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Forecast period |
2023-2028 |
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Forecast units |
Value (USD Billion) |
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Segments covered |
By Offering, and End-user Industry |
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Geographies covered |
North America, Europe, Asia Pacific, and RoW |
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Companies covered |
The major market players include Anritsu (Japan), Keysight Technologies (US), Teradyne Inc. (US), National Instruments Corporation (US), Spirent Communications (UK), Viavi Solutions Inc. (US), Macom (US), Rohde & Schwarz (Germany), GL Communications Inc. (US), Exfo Inc. (Canada). (Total 25 players are profiled) |
5G Testing Market Highlights
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Segment |
Subsegment |
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5G testing market, by offering |
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5G testing market, by end-user industry |
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5G testing market, By region |
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Recent Developments
- In March 2023, Anritsu announced the release of the MS2070A, the latest model of a handheld spectrum analyzer with excellent cost performance. With frequency coverage up to 3 GHz, many features, and high performance, it enables reliable and accurate RF measurements in construction sites, labs, and production lines.
- In February 2023, Keysight announced the release of its new E7515R solution based on its 5G Network Emulation Solutions platform, a streamlined network emulator designed explicitly for protocol, radio frequency (RF), and functional testing of all cellular Internet of things (CIoT) technologies.
- In January 2023, Rohde & Schwarz announced the launch of R&S PVT360A, a one-stop solution for FR1 base station, small cell, and RF component testing.
- In November 2022, National Instruments Corp. announced the 3rd generation PXIe-5842 Vector Signal Transceiver (VST). It offers continuous frequency coverage from 50MHz to 23 GHz, doubles the available instantaneous bandwidth from 1GHz to 2 GHz, and provides best-in-class RF performance on key metrics such as Error Vector Magnitude (EVM) and average noise density.
- In October 2022, Anritsu announced the launch of the World’s First Single Sweep VNA-Spectrum Analyzer Solution, which supports 70 kHz to 220 GHz and extends its VectorStar vector network analyzer (VNA) family.
- In October 2022, Keysight Technologies expanded its 5G testing portfolio by introducing Nemo Testing Suite. This device allows users to receive comprehensive, realistic, and flexible 5G network performance validation and end-user Quality of Experience (QoE) assessment.
Frequently Asked Questions (FAQ):
What are the major driving factors and opportunities in the 5G testing market?
Some of the major driving factors for the growth of this market include Increasing demand for high-speed data transfer, Increasing demand for virtual and augmented reality applications, Growing investments in 5G technology, and rising number of connected devices. Moreover, Increasing demand for high-speed internet, 5G networks in IoT with the emergence of cloud services, and Rising demand for 5G networks in automobiles, smart cities, and the healthcare sector are some of the critical opportunities for the 5G testing market.
Which region is expected to hold the highest market share?
The market in North America will dominate the market share in 2023, showcasing strong demand for 5G testing in the region. Strong research and development, the presence of leading telecom operators and telecom equipment manufacturers, and investments and funding are key factors driving the growth of the 5G testing market in the region.
Who are the leading players in the global 5G testing market?
Companies such as Anritsu (Japan), Keysight Technologies (US), Teradyne Inc. (US), National Instruments Corporation (US), and Spirent Communications (UK) are the leading players in the market. Moreover, these companies rely on strategies that include new product launches and developments, partnerships and collaborations, and acquisitions. Such advantages give these companies an edge over other companies in the market.
What are some of the technological advancements in the market?
5G networks utilize higher frequency bands in the mmWave range to deliver ultra-high data speeds. Testing solutions have been enhanced to address the unique challenges of mmWave propagation, such as signal blockage, attenuation, and path loss. These solutions include advanced channel modeling, beamforming optimization, and link budget analysis for mmWave frequencies.
What is the impact of the global recession on the market?
The 5G testing market is expected to be impacted significantly by the recession and rising inflation in 2023. The recession is expected to reduce investments in telecommunications infrastructure
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The study involved four major activities in estimating the current size of the 5G testing market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.
List of major secondary sources
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SOURCE |
WEB LINK |
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Federal Communications Commission (FCC) |
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National Institute of Standards and Technology (NIST) |
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Ministry of Electronics and Information Technology (MeitY) |
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Ministry of Industry and Information Technology (MIIT) |
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Ministry of Internal Affairs and Communications (MIC) |
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the 5G testing market through secondary research. Several primary interviews were conducted with experts from both demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the 5G testing market and its various dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire procedure involved the study of annual and financial reports of top players and extensive interviews with industry leaders such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Bottom-Up Approach
The bottom-up approach was used to arrive at the overall size of the 5G testing market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.
- Identifying various end-user industries using or expected to implement 5G testing
- Analyzing each end-user industry and application, along with the major related companies and 5G testing hardware and service providers
- Estimating the 5G testing market for end-user industries
- Understanding the demand generated by companies operating across different end-use applications
- Tracking the ongoing and upcoming implementation of projects based on 5G testing technology by end-user industries and forecasting the market based on these developments and other critical parameters
- Carrying out multiple discussions with the key opinion leaders to understand the type of 5G testing-based products designed and developed by end-user industries. This information would help analyze the breakdown of the scope of work carried out by each major company in the 5G testing market
- Arriving at the market estimates by analyzing 5G testing companies as per their countries, and subsequently combining this information to arrive at the market estimates by region
- Verifying and cross-checking the estimates at every level through discussions with the key opinion leaders, including CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets
- Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.
To calculate the market size of specific segments, the most appropriate immediate parent market size has been used to implement the top-down approach. The top-down approach was implemented for the data extracted from the secondary research to validate the market size obtained.
The market share of each company was estimated to verify the revenue shares used earlier in the top-down approach. The overall parent market size and individual market sizes were determined and confirmed in this study by the data triangulation method and the validation of data through primaries. The data triangulation method used in this study is explained in the next section.
- Focusing on top-line investments and expenditures being made in the ecosystems of various end-user industries. Additionally, listing key developments, analyzing updated technology in the marketplace, as well as evaluating the market by further splitting it into various image detection techniques
- Building and developing the information related to the market revenue generated by key 5G testing companies
- Conducting multiple on-field discussions with the key opinion leaders involved in the development of 5G testing products in various end-user industries
- Estimating geographic splits using secondary sources based on various factors, such as the number of players in a specific country and region, the offering of 5G testing, and the level of solutions offered in end-user industries
- Impact of the recession on the steps mentioned above has also been considered
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation procedure has been employed wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market size has been validated using top-down and bottom-up approaches.
Market Definition
5G testing refers to the process of evaluating and validating the performance, functionality, and reliability of 5G network infrastructure, devices, and applications. It involves conducting various tests and measurements to ensure that the network meets the desired specifications and can deliver the promised capabilities of 5G technology. 5G testing helps identify and address issues related to network coverage, capacity, latency, and data rates. It ensures that the network is optimized to deliver high-speed, low-latency connectivity required by emerging applications.
5G testing ensures that devices and equipment from different vendors can interoperate smoothly, allowing seamless connectivity and compatibility across the ecosystem. Interoperability testing helps prevent issues arising from incompatible implementations.
Key Stakeholders
- Telecommunication Companies/Network Operators
- Device Manufacturers
- Testing Equipment Vendors
- Testing Service Providers
- Regulatory Authorities
- Industry Associations and Standards Organizations
- Application Developers
- System Integrators
- Research Institutions
Report Objectives
- To define, describe, and forecast the 5G testing market based on offering, and end-user industry.
- To forecast the shipment data of 5G testing market based on hardware.
- To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain and allied industry segments and perform a value chain analysis of the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
- To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and research & development (R&D) in the market
- To analyze the impact of the recession on the 5G testing market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of the 5G testing market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the 5G testing market.
Growth opportunities and latent adjacency in 5G Testing Market