Current and Upcoming Trends in 5G Testing Equipment Market Cap to Hit $3.46 Billion by 2027 Soars at 8.85% CAGR: Polaris Market Research
5G testing equipment is one of the advanced technologies in terms of mobile phones and network connectivity. Evolution in region of network connectivity straight from 2G, 3G, to 4G and the current version of 5G, and updated network technology. 5G is the advanced generation in the sequence of cellular communication technologies, operating in excessive radio frequency bands, allowing novel usage framework beyond current mobile broadband.
According to the research report, The 5G Testing Equipment Market size was valued at USD 1,776.4 Million in 2019 and is anticipated to reach USD 3.46 Billion by 2027, to grow at a CAGR of 8.85% during the forecast period.
Recent developments in the global market include Keysight N9952A FieldFox Handheld Microwave Analyzer, 50 GHz., Keysight N9040B UXA Signal Analyzer, 2 Hz – 50 GHz, Anritsu MT1000A OTDR / CPRI Kit for Verizon Tower Testing, Consultix 5G Portable CW Transmitter, Rohde & Schwarz SMW200A Vector Signal Generator 3 GHz or 6 GHz.
Moreover, continuous investment in Research and development activities also fueling the market growth. For instance, In February 2020, Cavli, a IoT hardware solution provider, announced the release of its 5G testing network within the India. The release of 5G technologies is predicted to have a transformative impact, mainly in smart regions and industries, globally. The company’s research and development is established at the Cochin.
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What Does the Report Include?
- Status of the 5G Testing Equipment Market in world view.
- Top companies operating in the market.
- Import-Export policies regarding the products/services in the 5G Testing Equipment Market.
- Research and development activities.
- Major research agenda in industry segments.
- Segmentation according to application, type, and geography.
- Comparative study of the domestic and international prices of the products and services and related price fluctuations.
- Worldwide 5G Testing Equipment Market’s driving forces and roadblocks
The major factors driving the market growth include rising demand of smartphones and other connected equipment with upgraded features and surging demand for single network to allow various industries coupling with growing new developments. Inflating demand of 5G in segments including entertainment, construction, automotive, medical, security, and many more is building a requirement for using 5G testing equipment.
Anritsu, Artiza Networks Inc., EXFO Inc., Fortive Corp., Intertek Group Plc, Keysight Technologies Inc., MACOM Technology Solutions Holdings Inc., Rohde & Schwarz GmbH & Co. KG, Siklu Communication Ltd., Teradyne Inc., Trex Enterprises Corporation, and VIAVI Solutions Inc. are some of the major players operating in the market.
Players in the market are emphasizing on new product innovations, growing expansions, collaborations and partnerships to improve their market share and product portfolio. For instance, in July 2020, Reliance Communications, declared that Jio was developing a homegrown 5G solution. According to their claim, the company’s 5G solution will be built in India to promote Make in India initiative. Through this Reliance Jio will release world class 5G service within the home country.
Similarly, in May 2020, Rohde & Schwarz collaborated with Digita, a Helsinki-based telecommunication organization, to achieve the Digital Video Broadcasting of Second Generation Terrestrial (DVB-T2) network upgrade all over Finland. Rohde & Schwarz has provided nearly 80 ultra-high frequency (UHF) HD transmitters. This amalgamation aided Digita to improve its power efficiency and redundancy all over the new network. Both the two firms have also commenced a 5G broadcast trial in the Greater Helsinki region.
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Impact of COVID-19 on this Market:
The pandemic of COVID-19 continues to expand and impact over 175 countries and territories across the globe. Although the outbreak appears to have slowed down, the impact of COVID-19 has already been witnessed by all the regions globally. The pandemic could influence the key aspects of the global economy such as production and supply chain along with financial markets.
We, at Polaris Market Research, better understand the impact of economic and other factors on various sectors and markets. Using our advanced research methodology, we are determined to aid your business sustain, stabilizing, and growing during the COVID-19 pandemic. With deep expertise across various industries-no matter how large or small- and with a team of highly experienced and dedicated analysts Polaris Market Research will provide you key insights about coronavirus outbreaks across different industries to guide you prepare for the future.
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