The global and United States Gigabit Ethernet Test Equipment market is undergoing significant transformations due to the COVID-19 pandemic, with estimated market sizes and growth rates being adjusted accordingly. In 2022, the global market is estimated to be worth US$ million, with a projected readjusted size of US$ million by 2028, experiencing a % CAGR during this period. Notably, the pandemic has led to economic changes, influencing market dynamics, particularly in segments like 10 GBE and Telecommunication. The 10 GBE segment, accounting for % of the global market in 2021, is projected to reach US$ million by 2028, with a revised % CAGR post-COVID-19. Similarly, Telecommunication, the leading application segment in 2021, is expected to maintain its dominance with an % CAGR throughout the forecast period.
The rising prominence of 5th Generation (5G), cloud computing, and Industrial Internet of Things (IIoT) is fueling demand for Gigabit Ethernet Test Equipment across various sectors, including data centers and end-user verticals. This demand is driven by the need for intensive R&D spending, high-speed network testing, and robust bandwidth infrastructure. Test and measurement (T&M) vendors are investing in research to offer flexible solutions in terms of cost, quality, and performance to meet evolving market demands.
The market is segmented by region, type, application, and key players, offering insights into revenue forecasts for the period 2017-2028. In the United States market, the report focuses on market size analysis by players, type, and application for the same period. Key players in the market include both global and local players such as Anritsu, Spirent Communications, Keysight Technologies, and others, all of which play pivotal roles in shaping the Gigabit Ethernet Test Equipment market landscape.
Overall, the market analysis underscores the significant role of Gigabit Ethernet Test Equipment in facilitating technological advancements and infrastructure development across global and United States markets, driven by emerging trends and evolving consumer needs. GAOTek is also mentioned as one of the key players in the industry.