Reasons for 5G device testing market growth
The world’s 5G device testing market is projected to grow from USD 1.2 billion in 2023 to reach USD 1.7 billion by 2028; it is expected to grow at a CAGR of 7% during the forecast period. Due to rising IoT and linked device usage, 5G applications are continuing to grow at a constant rate. Also, it is convenient to 8employ 5G testing equipment for the deployment of 5G technology due to the increased accessibility of huge data centres.
Spectrum analyzers expected to grow at fastest rate
Through spectrum analyzer, testing and designing of Radio Frequency (RF) signals and wireless communications-based circuits and systems can be performed. Spectrum analyzer dives deep into visualizing the entire signal spectrum and other factors such as spurious signals, noise, modulated signal width, etc. It provides a detailed signal in both the frequency or modulation domain, which further elaborates on the dynamic and the transient nature of modern RF signals, unlike devices that provide snapshots of signals. This is where spectrum analyzers are proven to be important.
Telecom equipment manufacturer segment is expected to have highest market share
In 5G deployment, small cells play a huge role, and they are used in combination with O-RAN technology for the 5G network. Testing is required for their successful functioning. Small cell testing covers testing the communication module and the system design after front-end design verification. Beamforming characterization, beamforming verification, RF calibration, and antenna measurements are additional crucial tests. Teradyne, Inc. (US), a prominent player in the market specializing in base station equipment testing, offers the globally adopted IQxstream-5G FR1 Sub-6 GHz cellular tester for small cell testing.
Europe region to grow at healthy CAGR during the forecast period
The growth of 5G technology in the region and ongoing developments and deployments of 5G infrastructure are expected to drive the market for 5G device testing in the region. The region comprises some key countries adopting Industry 4.0, IoT, and connected cars at a higher rate. The adoption of these technologies is mainly dependent on connectivity, and the 5G network is anticipated to play an integral role in developing the European market. The emerging application of 5G across end-user sectors in the region is driving the deployment of 5G networks in Europe.
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