North America 5G Testing Equipment Market Size, Share & Trends Analysis Report By Source (Rental and New), By Equipment, Based on, By Country and Growth Forecast, 2024 - 2031
The North America 5G Testing Equipment Market would witness market growth of 6.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America 5G Testing Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.8 billion by 2031. The Canada market is experiencing a CAGR of 7.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.1% during (2024 - 2031).
The integration of 5G technology into autonomous and connected vehicles is transforming the automotive industry through advanced applications like Vehicle-to-Everything (V2X) communication. V2X enables real-time information exchange between vehicles, infrastructure, and pedestrians, allowing autonomous cars to make rapid, data-driven decisions for improved safety and efficiency.
Moreover, V2X communication alerts vehicles to road hazards, sudden braking, or traffic conditions, reducing the likelihood of accidents. In busy urban environments, autonomous vehicles rely on seamless communication with traffic lights and other vehicles to navigate safely. 5G's ultra-low latency and high-speed connectivity are critical to supporting these real-time interactions.
The 5G testing equipment market in North America is expanding rapidly, driven by favorable government policies and advancements in 5G infrastructure. According to the National Telecommunications and Information Administration, North America has become a leader in adopting wireless 5G connections, with 108 million 5G and 506 million LTE connections by the end of Q3 2022. The penetration of 5G among the population is nearing 30%, with the region adding 14 million 5G connections in that quarter, reflecting a 15.47% growth from Q2 2022. The strong growth in 5G adoption has created a significant demand for testing solutions to validate and optimize network performance.
Based on Source, the market is segmented into Rental and New. Based on Equipment, the market is segmented into Vector Signal Generators, Network Analyzers, Signal & Spectrum Analyzers, Oscilloscopes, and Other Equipment. Based on End Use, the market is segmented into Telecom Service Providers, Telecom Equipment Manufacturers, Original Device Manufacturers (ODMs), and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Anritsu Corporation
- Artiza Networks Inc.
- EXFO, Inc. (G. Lamonde Investissements Financiers Inc.)
- Ceragon Networks Ltd.
- Intertek Group PLC
- Keysight Technologies, Inc.
- MACOM Technology Solutions Holdings, Inc.
- Rohde & Schwarz GmbH & Co. KG
- Teradyne, Inc.
- Viavi Solutions, Inc.
By Source
- Rental
- New
- Vector Signal Generators
- Network Analyzers
- Signal & Spectrum Analyzers
- Oscilloscopes
- Other Equipment
- Telecom Service Providers
- Telecom Equipment Manufacturers
- Original Device Manufacturers (ODMs)
- Other End Use
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America 5G Testing Equipment Market, by Source
- 1.4.2 North America 5G Testing Equipment Market, by Equipment
- 1.4.3 North America 5G Testing Equipment Market, by End Use
- 1.4.4 North America 5G Testing Equipment Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2023
- 4.2 Recent Strategies Deployed in 5G Testing Equipment Market
- 4.3 Porter Five Forces Analysis
- Chapter 5. North America 5G Testing Equipment Market by Source
- 5.1 North America Rental Market by Country
- 5.2 North America New Market by Country
- Chapter 6. North America 5G Testing Equipment Market by Equipment
- 6.1 North America Vector Signal Generators Market by Country
- 6.2 North America Network Analyzers Market by Country
- 6.3 North America Signal & Spectrum Analyzers Market by Country
- 6.4 North America Oscilloscopes Market by Country
- 6.5 North America Other Equipment Market by Country
- Chapter 7. North America 5G Testing Equipment Market by End Use
- 7.1 North America Telecom Service Providers Market by Country
- 7.2 North America Telecom Equipment Manufacturers Market by Country
- 7.3 North America Original Device Manufacturers (ODMs) Market by Country
- 7.4 North America Other End Use Market by Country
- Chapter 8. North America 5G Testing Equipment Market by Country
- 8.1 US 5G Testing Equipment Market
- 8.1.1 US 5G Testing Equipment Market by Source
- 8.1.2 US 5G Testing Equipment Market by Equipment
- 8.1.3 US 5G Testing Equipment Market by End Use
- 8.2 Canada 5G Testing Equipment Market
- 8.2.1 Canada 5G Testing Equipment Market by Source
- 8.2.2 Canada 5G Testing Equipment Market by Equipment
- 8.2.3 Canada 5G Testing Equipment Market by End Use
- 8.3 Mexico 5G Testing Equipment Market
- 8.3.1 Mexico 5G Testing Equipment Market by Source
- 8.3.2 Mexico 5G Testing Equipment Market by Equipment
- 8.3.3 Mexico 5G Testing Equipment Market by End Use
- 8.4 Rest of North America 5G Testing Equipment Market
- 8.4.1 Rest of North America 5G Testing Equipment Market by Source
- 8.4.2 Rest of North America 5G Testing Equipment Market by Equipment
- 8.4.3 Rest of North America 5G Testing Equipment Market by End Use
- Chapter 9. Company Profiles
- 9.1 Anritsu Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Artiza Networks Inc.
- 9.2.1 Company Overview
- 9.3 EXFO, Inc. (G. Lamonde Investissements Financiers Inc.)
- 9.3.1 Company Overview
- 9.3.2 Recent strategies and developments:
- 9.3.2.1 Product Launches and Product Expansions:
- 9.3.2.2 Acquisition and Mergers:
- 9.4 Ceragon Networks Ltd.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.5 Intertek Group PLC
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 SWOT Analysis
- 9.6 Keysight Technologies, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 MACOM Technology Solutions Holdings, Inc.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 SWOT Analysis
- 9.8 Rohde & Schwarz GmbH & Co. KG
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Partnerships, Collaborations, and Agreements:
- 9.8.3 SWOT Analysis
- 9.9 Teradyne, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 SWOT Analysis
- 9.10. Viavi Solutions, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
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