The global 5G measuring equipment market is estimated to grow at a significant CAGR during the forecast period (2024-2031). Network connectivity remains a rapidly evolving space from 2G to 3G, 4G, and currently 5G. Several industry verticals are aggressively dedicated to technological morphosis to enhance their operational efficiency and productivity to sustain themselves in an intensely competitive environment. Wireless technology holds strong potential in creating revolutionary changes across verticals through economic reductions and productivity enhancements. Complete deployment of a 5G network by any carrier is likely to be a long-term process.
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Hyper-connectivity of the world is one of the prime factors fuelling the demand for testing equipment. Increasing utilization of connected devices in emerging economies, such as China and India, continues to create data traffic in a network, thereby enforcing the need for establishing a more efficient and secure network. Escalating demand for data traffic control is anticipated to propel the 5G technology, which will consequently lead to exponential growth in the market.
Furthermore, connectivity needs in smartphones, wearable devices, connected cars, smart home devices, and other consumer electronic devices are likely to augment the market demand. The high speed of 5G and availability of wireless and wired technology are potential factors for easing the connectivity process. On the contrary, the associated cost and technical issues due to multiple carrier involvement are considered as the key restraints of the market. Furthermore, connectivity needs in smartphones, wearable devices, connected cars, smart home devices, and other consumer electronic devices are likely to augment the market growth.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- Anritsu Corp., Rohde & Schwarz GmbH & Co KG, and Spirent Communications plc, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global 5G Measuring Equipment Market Report Segmentation
By Type
- Network Analyzer
- Signal Analyzer
- Signal Generator
By Application
- Mobile Device Manufacturer
- Network Equipment Manufacturer
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