Demand for 5G Testing Equipment on the Rise Due to Global Network Expansion

"5G has just broken ground, with limited deployments across South Korea, other countries across the Asia-Pacific, and North America," said Rohan Joy Thomas, Industry Analyst, Measurement and Instrumentation at Frost & Sullivan. "As new functionalities that enable IoT use cases are added upon 5G, it will influence the demand for testing equipment used to test those specific IoT functionalities."

Frost & Sullivan's latest research, Global 5G Testing Equipment and Solutions Market, Forecast to 2024, takes a holistic look at important trends within the 5G ecosystem and their implications on the communications testing industry. The research analyzes how the demand for specific test equipment will vary across regions during the forecast period, takes a comprehensive look at key participants across product segments, and explores the important opportunities for growth that testing equipment vendors can capitalize on.

For further information on this analysis, please visit: http://frost.ly/3zy

The market is set to grow at a healthy double-digit growth rate between 2018 and 2024. Growth of certain product segments will appear sluggish because, initially, the 5G network that is deployed commercially will not have full functionality. However, as 5G becomes more commonplace, the demand for testing equipment used for its validation will rise. In 2024, the Asia-Pacific region will account for 42.8% of the total market revenue, followed by North America and Europe with shares of 33.8% and 18.1%, respectively.

"The push for greater bandwidth will require enhanced fiber-optic technology, thereby driving demand for fiber-optic testing equipment," noted Thomas. "As 5G continues to gain strength, the need for testing solutions that can validate the performance of the high-density data will also increase."

Communications testing vendors can explore the growth opportunities in:

Global 5G Testing Equipment and Solutions Market, Forecast to 2024, is a part of Frost & Sullivan's Measurement & Instrumentation Growth Partnership Service program, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global 5G Testing Equipment and Solutions Market, Forecast to 2024
K3E9-30

Contact:
Kristi Cekani 
Corporate Communications - Frost & Sullivan, Europe
P: +39 (0)2 4851 6133
E: [email protected]
http://ww2.frost.com