According to Meticulous Research®'s new report, "Global 5G Testing Market by Offering (Equipment, Outsourced Services), Application (5G Fixed Wireless Access Deployment Testing, Converged 5G xhaul Transport, 5G Small Cell Testing, Dark Fiber Testing), End User, and Geography—Global Forecast to 2030," the 5G testing market is projected to reach $1.41 billion by 2030, growing at a CAGR of 12.4% from 2023 to 2030.

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The growth of this market is attributed to the expansion of 5G technology, the need for 5G device vulnerability assessments, and favorable policies for 5G testing. Innovations in 5G standards and test and measurement technologies are also expected to drive market opportunities. However, a lack of skilled labor for 5G testing presents a challenge.

In terms of offerings, the market is divided into equipment, software, and outsourced services, with the outsourced services segment expected to grow the fastest. This growth is driven by the rise in 5G devices and cost-effective testing services.

Application areas include 5G fixed wireless access deployment testing, converged 5G xhaul transport, 5G small cell testing, dark fiber testing, and others. The 5G fixed wireless access segment is set to grow significantly due to the high demand for reliable internet. Developments by 1&1 AG and Nokia Corporation are examples of advancements in this area.

End users in this market are telecom equipment manufacturers, TIC service providers, telecom service providers, government agencies, and others. Telecom service providers are expected to experience the highest growth rate, driven by the demand for high-speed data connectivity and advances in IoT technology.

Geographically, the Asia-Pacific region is projected to grow at the highest CAGR, supported by substantial investments in 5G infrastructure in countries like China, Japan, and South Korea, and increasing demand for 5G-enabled smartphones.

Key Players: The key players profiled in the global 5G testing market study include ANRITSU CORPORATION (Japan), Artiza Networks, Inc. (Japan), EXFO Inc. (Canada), PCTEL, Inc. (U.S.), Intertek Group plc (U.K.), Keysight Technologies, Inc. (U.S.), MACOM Technologies Solutions Holdings, Inc. (U.S.), Rohde & Schwarz GmbH & Co. KG (Germany), Teradyne Inc. (U.S.), VIAVI Solutions Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Trex Enterprises Corporation. (U.S.), Siklu Communications, Ltd. (Israel), GL communications Inc. (U.S.) and Innowireless Co., Ltd. (South Korea).

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