Market Size of Gigabit Ethernet Test Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Gigabit Ethernet Test Equipment Market Analysis
The Gigabit Ethernet Test Equipment Market is expected to register a CAGR of 6.45% during the forecast period (2022 - 2027). The need for extra bandwidth has driven both network service providers (NSPs) and network equipment manufacturers (NEMs) to embrace ethernet technology instead of traditional synchronous technology.
- Gigabit Ethernet (GbE) test equipment allows enterprises, data centers, and service providers to obtain high network performance by solving and testing network connectivity problems. This EtherneEthernetd is for wide area network (WAN) and local area network (LAN) connectivity. It is used to simplify complex network management and bring down the operational expenses associated with the infrastructure.
- The increasing need for ethernet manufacturing industries and the adoption of cloud services and Big Data fuel the growth of the market. Single-pair Ethernet (SPE) is one of the most recent Ethernet adaptions, driven by the development of industrial IoT (IIoT) and Industry 4.0, as well as many automotive applications.
- With the increasing demand for mobile internet, the need for higher bandwidth is rising, owing to which telecom operators are investing rigorously in R&D. The emergence of advanced technologies, such as cloud computing, Internet of Things (IoT), and 5G, requires a robust network connection, owing to which, the use of test equipment also rises.
- One of the major challenges is a lack of technical skills. Many test methodologies need a deep understanding of signal integrity design best practices. Furthermore, many measurements need thorough calibration processes and test fixture de-embedding, which some engineers may be unfamiliar with if transitioning from lower communication speeds to nx10G serial technology.
- With the outbreak of COVID-19, the demand for cloud-based solutions has seen significant growth owing to remote working models being adopted by enterprises; however, various industries such as retail, manufacturing, BFSI, and others have seen a significant slump in their revenues during 2020. With the growing remote working model, companies are increasing investments in cloud-based analytics and assurance, edge computing, and AI-powered networking technologies, which are expected to boost the studied market.
