The fiber optic test equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Fiber Optic Test Equipment Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The fiber optic test equipment market size has grown rapidly in recent years.
It will grow from $1.12 billion in 2023 to $1.23 billion in 2024 at a compound
annual growth rate (CAGR) of 10.1%. The
growth in the historic period can be attributed to telecommunications
infrastructure expansion, internet boom, advancements in fiber optic
technology, demand for higher data rates, migration to 5G networks.
The fiber optic test equipment market size is expected to see strong growth in
the next few years. It will grow to $1.73 billion in 2028 at a compound annual
growth rate (CAGR) of 8.8%. The growth
in the forecast period can be attributed to 5G network expansion, internet of
things (IoT) growth, cloud computing and data center growth, digital
transformation initiatives, smart cities and urbanization. Major trends in the
forecast period include integration of artificial intelligence (AI) and machine
learning (ML), expansion of remote testing solutions, focus on test equipment
portability and mobility, development of next-generation test equipment
interfaces, advancements in optical network security testing.
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Scope Of Fiber Optic Test Equipment Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Fiber Optic Test Equipment Market Overview
Market Drivers -
The rising 5G or LTE (long-term evolution) network adoption is expected to
propel the growth of the fiber optic test equipment market going forward. 5G
(5th Generation) and LTE are both technologies used in mobile
telecommunications to provide high-speed wireless internet access to users. It
arises due to demand for data, an increasing remote work culture, and the
growing adoption of smartphones. Fiber optic test equipment is used in 5G and
LTE networks to ensure the integrity and reliability of the fiber optic cables
and helps operators deploy, maintain, and optimize the fiber-optic
infrastructure that forms the backbone of these networks. For instance, in
April 2023, according to 5G Americas, a US-based wireless industry trade
organization that represents 5G mobile networks and wireless technology in the
US, 5G wireless connections increased by 76% to reach 1.05 billion from 2021 to
2022. It is expected to reach 1.9 billion by the end of 2023 and 5.9 billion by
2027. North America is projected to have 215 million 5G connections by the end
of 2023. Therefore, the rising 5G or LTE network adoption is driving the growth
of the fiber optic test equipment market.
Market Trends -
Major companies operating in the fiber optic test equipment market are focusing
on innovative solutions, such as the OPM-200 power meter, to offer customers a
wide range of technologies for application-specific field monitoring and
maintenance. This high-performance optical power meter is a device used to
measure the power in an optical signal and facilitates the seamless integration
of advancements in optical communication technology. For instance, in March
2023, Santec Corporation, a Japan-based manufacturer of advanced optical
components, launched a new high-performance OPM-200 power meter. This
innovative meter is designed to provide accurate and precise measurements with
a dynamic range of +8 dBm to -80 dBm (decibel-milliwatts). It is equipped with
features including free space detectors, 1 MHz sampling with a user selectable
averaging time between 50 and 1 s, a buffered output of up to 128,000 data
points, an external trigger for executing a data capture, and analog outputs.
These factors contribute to the growing demand for advanced products like the
OPM-200 power meter among major players in the fiber optic test equipment
market.
The fiber optic test equipment market covered in this report is segmented –
1) By Equipment Type: Optical Light Sources, Optical Power and Loss Meter,
Optical Time Domain Reflectometer, Optical Spectrum Analyzers, Remote Fiber
Test System, Other Equipment Types
2) By Testing Methods: Continuity Test, End-To-End Insertion Loss Test, Optical
Power Measurement Test, Optical Radiation Test, Mechanical Test, Environmental
Test, Other Testing Methods
3) By Fiber Mode: Single Mode, Multimode
4) By End-User Applications: Telecommunications, Data Centers, Industries,
Other End-user Applications
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Regional Insights -
Asia-Pacific was the largest region in the fiber optic test equipment market in
2023. It is expected to be the fastest-growing region in the forecast period.
The regions covered in the fiber optic test equipment market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the fiber optic test equipment market are Sumitomo
Electric Industries Ltd., Kingfisher International Limited, Corning
Incorporated, Molex LLC, Fujikura Ltd., Agilent Technologies Inc., Keysight
Technologies Inc., Yokogawa Corporation, Rosenberger OSI GmbH & Co. OHG,
Lumentum Operations LLC, VIAVI Solutions Inc., Thorlabs Inc., Tektronix Inc.,
Fluke Corporation, Anritsu Corporation, Yokowo Co. Ltd., EXFO Inc., JDS
Uniphase Corporation, OptoTest Corporation, M2 Optics Inc., FiberQA LLC, VeEX
Inc., OZ Optics Limited, Fibertronics Inc., Precision Rated Optics (PRO),
Exfiber Optical Technologies Inc.
Table of Contents
1. Executive Summary
2. Fiber Optic Test Equipment Market Report Structure
3. Fiber Optic Test Equipment Market Trends And Strategies
4. Fiber Optic Test Equipment Market – Macro Economic Scenario
5. Fiber Optic Test Equipment Market Size And Growth
…..
27. Fiber Optic Test Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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