5G Testing Equipment Market Size

5G Testing Equipment Market size was valued at USD 2.09 billion in 2024 and is set to exceed USD 6.64 billion by 2037, expanding at over 9.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of 5G testing equipment is evaluated at USD 2.25 billion.

The market growth is due to the rising number of 5G smartphone subscriptions across the globe, leading to a higher need for 5G testing equipment for the verification of the quality of 5G networks.

The number of 5G mobile subscriptions is rising annually led by a rise in the budget segment's penetration, and the availability of 5G networks is increasing as they evolve. For instance, the global count of 5G smartphone subscribers is likely to surpass two billion by the end of this year, having reached over 1 billion by the end of 2023.

In addition, factors that are believed to augment the market share of 5G testing equipment, including the growing usage of artificial intelligence in equipment testing, are believed to fuel market growth. Testing may be automated using AI-powered technologies, which enables CSPs to test their 5G networks more quickly and effectively and also enables self-optimization and predictive analysis.