The global 5G testing equipment and solutions market is expected to reach $2 billion by 2024 with a compound annual growth rate of 11.5%, according to a new forecast from analyst firm Frost & Sullivan.
The firm said that it expects that “healthy double-digit growth rate” over the next four years, even though growth in some 5G test segments “will appear sluggish because, initially, the 5G network that is deployed commercially will not have full functionality”—i.e., the deployment of Nonstandalone 5G first, followed by an evolution to Standalone mode and full 5G capabilities.
