The shift towards 5G Network to Increment the 5G Tester Demand
The network systems are constantly upgrading from 2G networks to 3G and 4G. To understand the performance difference between these networks, the devices such as network testers are utilized. The 5G network testers are the equipment used to test the performance and speed of the 5G networks. A variety of 5G network testers such as signal generators, signal analyzers, network analyzers, and oscilloscopes are available in the market.
The rising internet penetration is fuelling the demand for speedy networks and ultimately contributing to the demand for the 5G testers. The demand for seamless internet connectivity and the rising adoption of IoT-based applications and technologies are propelling the growth of the 5G tester market. The world is gradually shifting towards the 5G network system, this is driving the 5G tester manufacturer to improve their manufacturing rate to satisfy the growing demand for the 5G testers.
5G Tester Market Dynamics
The global 5G tester market was valued at USD 766.87 Million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% between 2021 to 2028. The market is broadly classified on the basis of product type and by application. The product type segment is again divided into network analyzers, signal generators, signal analyzers, and oscilloscopes. The network analyzers are widely being employed owing to the rise in 4G and 5G network complexities, rise in network traffic, and lower business risk factors. The application segment is further divided into mobile device manufacturers, network equipment manufacturers, telecommunication service providers, and others.
The manufactures of 5G testers are Anritsu, Spirent Communications, Rohde & Schwarz GmbH & Co. KG, VIAVI Solutions, Keysight Technologies, Teradyne Inc., and LitePoint among others. These manufacturers are rapidly focusing on technological innovations to develop the product and gain a competitive advantage. The other strategies being implemented by the manufacturers are mergers and acquisitions to strengthen the global regional footprint and increase the customer base.
Regionally, the Asia-Pacific region holds the largest market share in the 5G tester market. The countries like China, India, and Japan are having commercialization of 5G networks. The region is also showing well-established consumer electronics manufacturing facilities and the North American region holds the second position in the market due to the presence of a large number of telecom and network service providers.