5G Testing Equipment Market Forecasted to Grow by USD 605.76 Million (2024-2028)

The global 5G testing equipment market is estimated to grow by USD 605.76 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.43% during the forecast period. Increasing demand for improved network capacity to access connected services is driving market growth, with a trend towards software-defined testing for 5G equipment. However, high deployment cost of 5G test equipment poses a challenge.

The significant growth is due to the widespread deployment of 5G device infrastructure. Electric signals and spectrums are crucial for 5G's high connectivity, low latency, and quick communication. IoT, connected devices, large data centers, automobiles, entertainment, healthcare, and security all benefit from 5G's user-oriented features.

However, challenges such as performance issues, optimization, and 5G traffic require specialized testing equipment. IDMs and ODMs, network operators, and service providers invest in 5G testing tools like oscilloscopes, signal generators, and spectrum analyzers. Massive MIMO, mmWave, Channel Sounding, and reprogrammable instrument tools are essential for 5G testing. Prototyping and testing costs are key considerations for enterprises during digitalization and mobile communications.

5G's impact extends to autonomous vehicles, connected car applications, smart cities, intelligent transportation systems, public safety applications, energy management, and heterogeneous architecture. The digital divide and facilities and services require ongoing testing to ensure secure wireless connections and data transfer for mobile phones, wearables, connected cars, and consumer electronic devices. 

The test and measurement industry is shifting towards software-defined solutions for 5G equipment testing. Traditional benchtop instruments have been replaced with flexible and efficient software modules. Engineers can now develop test programs for various 5G technologies and standards swiftly using these software modules. Adaptable test sets that incorporate new 5G specifications through software accelerate 5G prototyping and deployment. A software-defined approach future-proofs test programs against future 5G challenges.