Aug 10, 2020 (MARKITWIRED via COMTEX) -- The 5G tester market is projected to display an impressive 16.7% CAGR between the years 2019 and 2027. According to a recent FMI study, the coronavirus pandemic has substantially improved the potential growth of the 5G testers market, as a large portion of the global workforce has transitioned to remote work, creating a strong need for optimized networks and associated technologies. On the other hand, lockdown measures have partially restricted 5G testing services in select countries in the short term.
“The sustained demand for speedy mobile data networks and seamless internet connectivity, coupled with development of IoT technologies are bolstering the adoption of 5G testers. The intense global competition for faster 5G network rollouts will create favorable prospects for 5G testers in the near future,” says the FMI analyst.
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5G Tester Market – Key Takeaways
Digital oscilloscopes are anticipated to gain strong demand owing to analog to digital conversion requirements during 5G rollouts.
Mobile network testing applications will witness fast growth, driven by high penetration of smartphones and tablets on a global scale.
Asia Pacific is likely to provide lucrative opportunities, largely driven by development efforts by Chinese and Japanese telecommunications players.
5G Tester Market – Key Growth Factors
The complexity of the technological transition between 4G and 5G network standards is a major factor driving the adoption of 5G testers.
Massive strides in the commercialization of 5G networks in countries such as Japan, UK, and the U.S., boosts demand for testers in experimental settings.
5G Tester Market – Key Constraints
High deployment costs of 5G testing equipment is a challenge for market players.
Concerns about security and varying 5G standards could potentially hold back market growth.
The Anticipated Impact of Coronavirus
The coronavirus has had a significant impact on the development and rollout of 5G technologies. Widespread use of cloud and internet-based services, for remote work research applications in a number of fields such as domestic security, healthcare, logistics, education, and manufacturing, which will positively influence the 5G tester market during the coronavirus crisis. However, the growth is likely to be limited by postponed 5G rollouts in countries that have imposed nationwide lockdowns.
Explore the global 5G tester market report with 87 illustrative figures, 111 data tables, the ToC and market segmentation on https://www.futuremarketinsights.com/askus/rep-gb-8988
Players in the 5G tester market include but are not limited to Rohde & Schwarz, Keysight Technologies, LitePoint, Anritsu, Spirent Communications, and Viavi Solutions Inc.