Keysight Technologies Positions Itself at the Convergence of E‑Mobility, 5G NTN, and Industrial Calibration
Keysight Technologies has once again expanded its portfolio of test solutions, this time targeting two of the most transformative sectors of the coming decade: high‑power electric‑vehicle (EV) charging infrastructure and non‑terrestrial 5G networks. The company’s recent announcements signal a deliberate pivot toward markets that demand rigorous, high‑accuracy measurement capabilities and are poised for rapid adoption.
Megawatt‑Scale EV Charging Test Systems
In a joint release from 21 January 2026, Keysight unveiled a suite of test systems designed to validate the performance and safety of megawatt‑grade charging stations. The systems combine advanced power‑module emulation, real‑time thermal monitoring, and software‑driven fault injection to replicate the extreme conditions encountered at the front‑end of high‑power chargers. By providing manufacturers with a turnkey solution to assess charging‑station reliability under both normal operation and worst‑case scenarios, Keysight is positioning itself as the de‑facto benchmark for the emerging megawatt‑charging market.
The strategic significance of this move is underscored by the rapid growth of the handheld LCR meter market, where Keysight, together with competitors such as Fluke and Extech, is projected to capture a sizeable share of the USD 4.56 billion valuation by 2026. The ability to measure impedance accurately at high frequencies directly translates to better control of power conversion systems in EV chargers, further tightening the link between Keysight’s core competencies and the evolving EV ecosystem.
5G Non‑Terrestrial Network (NTN) Testing with Airbus UpNext
Parallel to its EV charging initiatives, Keysight has deepened its collaboration with Airbus UpNext to support the ground‑test phase of the company’s SpaceRAN demonstrator. The partnership focuses on providing emulation solutions that emulate the complex signal propagation characteristics of low‑Earth‑orbit (LEO) satellites and the associated ground‑station links. These tools enable rapid iteration of 5G NTN prototypes, allowing operators to validate key performance indicators—such as latency, reliability, and throughput—before committing to costly on‑orbit trials.
By aligning its capabilities with Airbus’s SpaceRAN program, Keysight taps into the burgeoning 5G NTN market, projected to reach multi‑billion‑dollar valuations as global operators seek to extend coverage to remote regions and maritime domains. The company’s investment in satellite‑grade testing infrastructure demonstrates a clear recognition that the future of connectivity will hinge on robust, low‑delay links between terrestrial networks and satellite constellations.
Market Context and Investor Outlook
Key financial metrics underscore the attractiveness of Keysight’s trajectory. With a 2026‑01‑19 close of USD 211.96 and a market capitalization of USD 36.8 billion, the company trades at a price‑earnings ratio of 42.7—reflecting investor expectations of sustained growth in high‑value testing services. The company’s performance over the past year has outpaced many S&P 500 peers, a fact highlighted in a January 21 article that quantified the upside a year‑earlier investment would have yielded.
Looking ahead, the impending earnings report (previewed on 20 January 2026) is likely to reveal the financial impact of these new product lines. Analysts are already anticipating a lift in revenue from the automotive and aerospace sectors, driven by increased demand for precision testing solutions. Furthermore, the growing regulatory emphasis on calibration and industrial automation—evidenced by press coverage on the calibration services market—provides an additional revenue stream for Keysight’s calibration expertise.
Strategic Implications
Diversification of Application Domains By simultaneously targeting EV infrastructure and satellite‑based 5G, Keysight mitigates concentration risk and positions itself as a cross‑sector testing leader.
Capitalizing on High‑Margin Niches Both megawatt‑charging and 5G NTN require specialized equipment that commands premium pricing. Keysight’s established reputation for accuracy and reliability strengthens its pricing power.
Strengthening Ecosystem Partnerships Collaboration with Airbus and other industry incumbents enhances Keysight’s visibility and embeds its solutions deeper into the supply chains of critical emerging technologies.
Future‑Proofing the Business Model The company’s focus on software‑driven test platforms aligns with the industry shift toward digital twins and automated testing, ensuring long‑term relevance as hardware evolves.
In summary, Keysight Technologies’ recent product launches and strategic alliances indicate a deliberate expansion into high‑growth, high‑technology markets. The firm’s ability to deliver precise, software‑controlled measurement solutions places it in a unique position to capture value from the twin megatrends of electrified transportation and satellite‑based connectivity. For investors and industry observers alike, the company’s trajectory suggests continued upward momentum driven by both organic product development and strategic partnerships.
