The high speed transfers, multiple simultaneous connections, and low latency have significantly increased the demand for 5G connectivity. The technology has been looked at for several end-user industries. Furthermore, in IoT/5G application fields, such as entertainment, 4K cameras built into drones are being used to screen very realistic pictures, and proof-of-concept tests simulating the sensation of flight (VR) are starting. This has increased the demand for 5G test equipment's globally.
The "Global 5G Test Equipment Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the 5G test equipment market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the leading 5G test equipment market players and offers key trends and opportunities in the market.
- Based on product, the global 5G test equipment market is segmented into oscilloscopes, signal generators, signal analyzers, network analyzers, and others
- On the basis of application, the market is segmented into functional testing, field testing, security testing, application testing, and others.
- The 5G test equipment market is anticipated to grow in the forecast period owing to driving factors such snowballing mobile data traffic along with rising adoption of smart gadgets, increasing technological advancement in the field of networking and communication, coupled with increasing interoperability of network technologies.
- The associated cost and technical issues may hinder the growth of the 5G test equipment market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 5G test equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the 5G test equipment market in these regions.
IMPACT OF COVID-19 ON 5G TEST EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the 5G test equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from 5G test equipment market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 5G test equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Advanced Test Equipment Corp.
- Anritsu Corporation
- Artiza Networks, Inc.
- EXFO Inc.
- Keysight Technologies, Inc.
- Rohde and Schwarz
- Simnovus Tech Private Limited
- Spirent Communications PLC
- Teledyne Technologies Incorporated
- VIAVI Solutions Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.