Demand growth of 5G tester is likely to gain more prominence in the automotive industry over the course of next few years
The sales volume of 5G tester will thrive impressively at around 14 per cent in 2019, Future Market Insights has projected in a new report.
The report further estimated that the 5G tester market valuation will exceed US$ 629 million in 2019, witnessing a bullish 14.6 per cent increase over the value attained in 2018. Nearly 75,000 5G testers were sold in 2018.
More than 40 per cent of the total demand is expected from telecom providers. Demand growth of 5G tester is likely to gain more prominence in the automotive industry over the course of next few years, FMI report said.
While Audi is pioneering the trend of private 5G network ownership in collaboration with Ericsson, Daimler, BMW, and Volkswagen are most likely to follow the trend, thereby fueling demand for 5G testers in the years to come, it noted.
Companies such as Verizon, AT&T, and others, are rapidly switching to 5G networks, which continues to raise demand for 5G testers.
Network analyzers and signal analyzers remain the most sought-after types of 5G testers in market, as indicated by the report.
Network analyzers alone account for over 45 per cent share in the 5G tester sales volume, according to the report which envisions a healthy growth in sales of signal generators in the years to come. Oscilloscopes have been positioned as highly lucrative in 5G tester market.
Rapid Upsurge in 5G Trials to Propel 5G Tester Sales
The report cited 5G trials as the key booster to demand growth of 5G tester in the global market. Developed regional markets will, however, showcase greater potential for 5G tester market growth owing to high capital investment associated with adoption of 5G testers, it noted.
Vodafone UK has already announced to have completed the 5G spectrum test trials across their existing network. More recently, Bristol’s M Shed Museum also hosted a set of trials of new 5G technology enabled applications.
This and more such projects underway are projected to create a favorable growth scenario for the 5G tester market in years to come.
5G Tester Manufacturers Facing a Host of Challenges
Meanwhile, telecom industry veterans opined that the 5G technology evolution will bring along a set of accompanying challenges related to measurement and test in terms of design, validation, and manufacturing. This according to the report will be the key demand determinant for 5G tester.
Moreover, the focus of 5G technology developers on mmWave for mobile access is most likely to introduce a new set of testing challenges in the market, which prompts at growing necessitation of a new testing infrastructure in the near future. This will extend strong support to the growth of 5G tester market, according to FMI’s analysis.