According to a new report, published by KBV research, The Global 5G Testing Equipment Market size is expected to reach $3.84 billion by 2031, rising at a market growth of 6.7% CAGR during the forecast period.
The Network Analyzers segment is anticipating a CAGR of 6.2% during (2024 - 2031). This growth is driven by the essential function of network analyzers in evaluating the efficiency and integrity of 5G network components, including antennas, filters, and amplifiers. Network analyzers are critical for measuring key parameters like signal loss, phase stability, and impedance, ensuring optimal network performance. The rising complexity of 5G networks and the demand for precise diagnostic tools contributed to the significant market share of this segment.
The Rental segment is leading the Global 5G Testing Equipment Market by Source in 2023; thereby, achieving a market value of $1.9 billion by 2031. Renting allows businesses to access advanced testing tools without the significant upfront capital expenditure required for purchasing equipment. This benefits smaller enterprises and operators conducting short-term projects or initial network trials. Additionally, the rapid evolution of 5G technology makes rental solutions appealing, as they enable users to upgrade to the latest tools without incurring the costs of replacing outdated equipment.
The Telecom Equipment Manufacturers segment registers a CAGR of 7% during (2024 - 2031). Telecom equipment manufacturers are motivated by the necessity to verify the performance and reliability of 5G components, including antennas, base stations, and transceivers. The increasing complexity of 5G technologies, including higher frequency bands and advanced modulation techniques, requires manufacturers to invest in sophisticated testing solutions to ensure their products meet stringent quality standards.
Full Report: https://www.kbvresearch.com/5g-testing-equipment-market/
The North America region dominated the Global 5G Testing Equipment Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.58 billion by 2031. The Europe region is experiencing a CAGR of 6.3% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 7.6% during (2024 - 2031).
By Source
By Equipment
By End Use
Unique Offerings 
